Freedom Financial Holdings Inc · OTC:FDVA
Freedom Financial — Q3 2025 Earnings Presentation
39 slides from Freedom Financial's earnings presentation, Oct 31, 2025
Slide 1: Presentation to Investors Third Quarter 2025
Presentation to Investors Third Quarter 2025 October 31, 2025 Joseph J. Thomas President & CEO Scott B. Clark EVP & CFO 1
Slide 2: Disclosure
Disclosure This presentation contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expect
Slide 3: Company Overview Business Model Results for Q3 2025
Company Overview Business Model Results for Q3 2025 Investment Summary 3
Slide 4: Company Overview
EMPOWERING DREAMS INNOVATING BANKING FREEDOM B888%!ns freedom.bank
Slide 5: Our Company
Our Company Franchise Footprint Company Highlights Overview (9 Months Ending 9/30/2025) $1.03B $749M Corporate Information Total Assets Total Loans Bank Established: 7/23/2001 Headquarters: Fairfax, VA Employees: 97 Maryland $855M 14.64% Total Deposits CET1 Ratio DC 0.49% 6.50% ROAA YTD ROAE YTD Vir
Slide 6: Company History
Company History Six founding board Patriot Financial Freedom Financial Freedom Bank’s Freedom Bank Scott members of James Partners leads a Holdings, Inc., Chantilly Branch and Foundation focused Clark Freedom Bank Monroe lead a $9.9 capital raise of $16 Chantilly, VA holding company Mortgage Divisio
Slide 7: Executive Management
Executive Management Joseph J. Thomas – President and CEO - Mr. Thomas was appointed in August 2018. He was previously President and CEO of Bay Bancorp (NASDAQ: BYBK), a community bank with $700 million in total assets based in Columbia, Maryland, before its successful sale to Old Line Bancshares. H
Slide 8: Board of Directors
Board of Directors H. Jason Gold - Chairman - Mr. Gold has served as a director of the Bank since May 2003. Mr. Gold has served as a bankruptcy trustee for more than 25 years and has more than 30 years experience in complex restructuring and insolvency matters in various industries. He also serves a
Slide 9: Putting IDEAS to Work
Putting IDEAS to Work PURPOSE Freedom Bank empowers our clients to achieve their dreams by providing innovative business, personal, and mortgage banking solutions. MISSION We are dedicated to helping our individual and business clients achieve their financial goals through our experienced bankers, q
Slide 10: Profitability
Profitability Return on Average Assets (%) Return on Average Tangible Common Equity (%) 1.27% 1.16% 13.6% 13.5% 1.12% 10.8% 8.5%* 0.63%* 0.55% 6.5% 0.49% 5.9% 0.43% 5.5% 4.4% 0.22% 3.0% 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025YTD 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025YTD Net Interest Margin (%) No
Slide 11: Organic Growth
Organic Growth Total Assets ($M) Gross Loans ($M) $1,085 $1,090 $991 $1,031 $776 $774 $749 $705 $877 $767 $595 $616 $500 $405 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Q3 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Q3 Total Deposits ($M) Tangible Book Value Per Share $921 $910 $849 $855 $14.58(1) $702 $13
Slide 12: Washington D.C. MSA Highlights
Washington D.C. MSA Highlights Highlights & Developments D.C. MSA(1) Market Share (Banks <$5Bn) 2025 • 6.4 million residents with > 1 million households earnings more than 2025 Number of Total Deposits In Total Market Rank Institution (ST) Branches Market ($000) Share (%) $100 thousand annually 1 Ca
Slide 13: Business Model
FREEDOM B888%!ns EMPOWERING DREAMS @) INNOVATING BANKING & Business Model freedom.bank
Slide 14: Department Leadership
Department Leadership Mark Ingram Sopa Keo Tony Denk Florante Santos Thyda Price David Sanders Small Business Director of Deposit Director of Mortgage Chief Technology Compliance Director Chief Accounting Team Lead Services Production & Sales Officer Officer Nohman Ishaq Tung Dao Erin Moore Gabriell
Slide 15: Advisory Board
Advisory Board Joe Meyer Nag Nelluri Executive Director & CEO, Chief Executive Officer, Shelter House DATAMAXIS Jeffery Payne Scott Cosby Chief Executive Officer President, Coveros, Inc. Agiliko Ram Reddy Chief Executive Officer, SSR Real Estate, LLC Charlie Einsmann Damon Smith Principal, Chief Exe
Slide 16: Diverse Business Lines
Diverse Business Lines Commercial Banking • Seasoned team of 9 Commercial Bankers and Portfolio Managers • Broad focus across the C&I, Industry Verticals, SBA Lending and Commercial Real Estate markets • Strong business banking franchise with C&I loans representing 20% of total loans as of September
Slide 17: Technology Enabled Businesses
Technology Enabled Businesses Commercial Banking Treasury & Payments Small Business Residential Mortgage • Encompass – Digital • Apiture – Online • Finastra/CreditQuest – Platform • Fiserv – Core Provider Banking Digital LOS • SimpleNexus – Mobile • Industry Insight – • Autobooks – Invoicing • Monda
Slide 18: Industry Vertical Strategies
Industry Vertical Strategies Our clients tell us they value our entrepreneurial approach to solving problems, excellent service from dedicated relationship managers and easy-to-use technology to manage banking capabilities. • General Industries - Our experienced Relationship Managers are trusted adv
Slide 19: Client Successes
Client Successes Government Contracting Innovation Industries Small Business Commercial Real Estate 19 19
Slide 20: Community Development
Community Development Freedom Bank Invests in Areas Valued by Clients and Colleagues Helping Underrepresented Protecting the Assisting Veterans Serving the Homeless Environment Entrepreneurs Through the Freedom For each veteran mortgage Freedom Bank and its Freedom provides Bank Foundation and the c
Slide 21: Serving Our Communities
Serving Our Communities The Freedom Bank Foundation has engaged with the Community Business Partnership (CBP) and the Latino Economic Development Center (LEDC) to administer the NOVA Freedom Fund, which provides financing and technical assistance to underserved entrepreneurs and families. The Fund h
Slide 22: Results for Q3 2025
FREEDOM B888%!ns EMPOWERING DREAMS @) INNOVATING BANKING Results for Q3 2025 freedom.bank
Slide 23: Income Statement
Income Statement Income Statement History - GAAP – As Reported ($ in thousands, except per share data) Twelve Twelve Quarter Quarter Quarter Months Ended Months Ended Ended Ended Ended Dec 31, 2023 Dec 31, 2024 Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Net Interest Income (before provision) $27,192 $25
Slide 24: Balance Sheet
Balance Sheet Balance Sheet History ($ in thousands, except per share data) As of As of As of As of 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 Assets Cash and Fed Balances $34,715 $45,472 $59,660 $23,316 Investments $242,845 $229,438 $218,281 $212,998 Total Loans $764,981 $752,664 $747,087 $748,644 All
Slide 25: Selected Balance Sheet Ratios
Selected Balance Sheet Ratios Selected Financial Data by Quarter Ended (Unaudited) 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 Liquidity Loans held-for-investment to Deposits 87.42% 84.43% 82.65% 80.83% 86.72% Uninsured Deposits to Total Deposits 22.51% 21.55% 22.50% 22.51% 24.51% Total Liquid
Slide 26: Margins
Margins Cost of Funds Total Loan Yield 3.90% 6.80% 6.74% 3.76% 3.80% 6.70% 6.60% 3.70% 3.60% 3.61% 6.50% 3.60% 3.50% 6.39% 3.46% 6.40% 6.29% 6.30% 3.50% 6.30% 6.20% 6.22% 6.20% 6.22% 3.40% 3.36% 6.20% 6.15% 3.30% 3.23% 6.10% 3.19% 3.19% 6.00% 3.20% 5.90% 3.10% 5.80% 3.00% Sep-23 Dec-23 Mar-24 Jun-24
Slide 27: Efficiency
Efficiency NII to Total Revenue Efficiency Ratio 20.00% 100.00% 88.13% 18.00% 90.00% 80.64% 81.72% 84.07% 76.43% 73.93% 77.57% 77.43% 16.00% 80.00% 69.22% 70.00% 14.00% 60.00% 12.00% 50.00% 10.00% 40.00% 8.00% 30.00% 6.00% 20.00% 4.00% 10.00% 2.00% 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar
Slide 28: Returns
Returns Return on Average Assets Return on Average Equity 1.00% 15.00% 0.75% 0.76% 10.71% 9.95% 0.80% 10.00% 0.60% 0.49% 6.75% 6.05% 0.43% 0.41% 0.41% 5.58% 5.57% 3.97% 0.40% 0.29% 5.00% 1.70% 0.20% 0.12% 0.00% 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Sep-23 Dec-23 Mar-24
Slide 29: Organic Loan Mix
Organic Loan Mix Q3-24 Q2-25 Q3-25 3% 3% 3% 25% 28% 27% 30% 28% 29% 24% 19% 21% 18% 20% 20% Loan Mix ($ in thousands) Loan Mix ($ in thousands) Loan Mix ($ in thousands) Non-Owner Occupied CRE $195,495 Non-Owner Occupied CRE $212,522 Non-Owner Occupied CRE $195,074 Owner Occupied CRE $185,818 Owner
Slide 30: 2025 Changes in Loan Balances
2025 Changes in Loan Balances Loan Type (excludes Consumer Solar New Notes Booked in and purchased GGLs) 2025 Loans Paid off in 2025 Net Advances/Paydowns YoY Change $21,834 $(32,427) $(9,506) $(20,099) C&I $1,520 $(1,614) $71 $(23) Consumer $35,848 $(52,644) $(6,164) $(22,960) CRE $31,040 $(12,502)
Slide 31: Credit Quality Indicators
Credit Quality Indicators Sept-24 Dec-24 Mar-25 Jun-25 Sep-25 Criticized Loans $28,169,641 $55,488,494 $20,135,125 $27,398,245 $49,160,223 % Loans 3.61% 7.10% 2.60% 3.67% 6.57% % Capital 22.88% 44.65% 16.27% 21.67% 38.44% Classified Loans $15,984,510 $15,221,503 $17,094,059 $27,249,678 $32,564,753 %
Slide 32: Non-Accrual Loan Detail
Non-Accrual Loan Detail 12/31/2024 9/30/2024 Balance Guaranteed AMT Net Exposure Balance Guaranteed AMT Net Exposure Convention Non-Accrual Loans $8,583,791 $8,583,791 $4,523,615 $4,523,615 SBA Guaranteed Non- Accrual Loans $5,101,905 $4,008,364 $1,093,541 $11,8777,138 $9,555,663 $2,321,476 Total No
Slide 33: Deposit Mix
Deposit Mix Q3-24 Q2-25 Q3-25 16% 14% 15% 26% 36% 31% 13% 14% 15% 7% 7% 7% 28% 34% 38% Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Non Interest Bearing Deposits $144,055 Non Interest Bearing Deposits $127,163 Non Interest Bearing Deposits $126,712 Interest
Slide 34: Deposit Composition Trends
Deposit Composition Trends 24-Mar 24-Jun 24-Sep 24-Dec 25-Mar 30-Jun 30-Sep Total Deposits $921,057 $894,109 $879,380 $887,791 $910,870 $918,245 $855,021 Core Deposit Balances $593,259 $573,659 $581,018 $564,715 $584,304 $633,486 $633,207 Core Deposit Percentage 64.41% 64.15% 66.07% 63.61% 64.15% 68
Slide 35: Investment Summary
FREEDOM B888%!ns EMPOWERING DREAMS @) INNOVATING BANKING L) Investment Summary freedom.bank
Slide 36: 2025 Strategic Initiatives
2025 Strategic Initiatives Immediate Priorities • Core Deposit / Consumer Growth - Design and implement a Consumer Strategy following a new holistic business plan with targeted client segments. • Commercial Banking Talent - Evaluate current team and organizational structure and recruit new talents t
Slide 37: Investment Highlights
Investment Highlights ▪ Leading tech-enabled digital platform and streamlined branch structure to position the franchise for growth and profitability ▪ Highly experienced leadership with Joe Thomas as President & CEO since 2018 who is aligned with shareholders given his 6.7% ownership of the company
Slide 38: Stock Price Performance
Stock Price Performance Performance of FDVA vs. Selected Indices Since January 1, 2020 60.0% 49% 40.0% 20.0% 9% 3% 0.0% -20.0% -40.0% -60.0% Jan-20 Oct-20 Aug-21 Jun-22 Apr-23 Feb-24 Dec-24 Oct-25 Note: Market data as of October 29, 2025 Russell 2000 KRE FDVA 38 38
Slide 39: Contact Information
Contact Information Scott B. Clark EVP & Chief Financial Officer sclark@freedom.bank 703-667-4119 10555 Main Street, Suite 600 Fairfax, VA 22030 39 39
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