Freedom Financial Holdings Inc · OTC:FDVA
Freedom Financial — Shareholder Meeting (April 2026)
41 slides from Freedom Financial's shareholder meeting presentation, Apr 30, 2026
Slide 1: Presentation to Investors: 2025 Annual Meeting and Q1 2026 Update
Presentation to Investors 2025 Annual Meeting and Q1 2026 Update April 30, 2026 Joseph J. Thomas President & CEO Scott B. Clark SEVP & 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: Agenda
Company Overview Business Model Results for FY 2025 & Q1 2026 Investment Summary 3 3
Slide 4: Company Overview
EMPOWERING DREAMS FRTEDOM pas INNOVATING BANKING freedom.bank
Slide 5: Our Company
Our Company Franchise Footprint Company Highlights (4th QtrOverview & 2025 Full Year) $1.07B $763M Corporate Information Total Assets Total Loans Bank Established: 7/23/2001 Headquarters: Fairfax, VA Maryland Employees: 97 $914M 13.82% DC Total Deposits CET1 Ratio 0.81% 10.10% Virginia FY ROAA* FY R
Slide 6: Company History
Company History Tysons, VA Freedom Bank Six founding board Patriot Financial Freedom Financial Freedom Bank’s Branch is Foundation focused members of James Partners leads a capital Holdings, Inc., Chantilly Branch and Scott added and on economic Freedom Bank Monroe lead a $9.9 raise of $16 million a
Slide 7: Stock Price Performance Since Inception
Stock Price Performance Since Inception Performance of FDVA vs. Selected Indices 600.0% 399% 400.0% 200.0% 55% 47% 0.0% -200.0% Sep-04 Apr-08 Nov-11 Jun-15 Feb-19 Sep-22 Apr-26 Russell 2000 KRE FDVA Note: Market data as of April 28, 2026 Note: FDVA began trading in September 2004; KRE began trading
Slide 8: 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 $700 million in total assets based in Columbia, Maryland, before its successful sale to Old Line Bancshares. H
Slide 9: Board of Directors
Board of Directors H. Jason Gold - Chairman - Mr. Gold has served as a director of the Bank since May 2003. Mr. Gold has served as a bankruptcy trustee for more than 25 years and has more than 30 years experience in complex restructuring and insolvency matters in various industries. He also serves a
Slide 10: Putting IDEAS to Work
Putting IDEAS to Work PURPOSE Freedom Bank empowers our clients to achieve their dreams by providing innovative business, personal, and mortgage banking solutions. MISSION We are dedicated to helping our individual and business clients achieve their financial goals through our experienced bankers, q
Slide 11: Profitability
Profitability Return on Average Assets (%) Return on Average Tangible Common Equity (%) 1.27% 1.16% 13.6% 13.5% 1.12% 10.8% 10.1%* 0.81%* 8.5%* 0.63%* 0.55% 5.9% 0.43% 5.5% 10.1% 4.4% 0.22% 3.0% 0.04% 0.4% 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y Net Intere
Slide 12: Organic Growth
Organic Growth Total Assets ($M) Gross Loans ($M) $1,085 $1,090 $1,066 $991 $776 $774 $776 $877 $705 $767 $595 $616 $500 $405 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y Total Deposits ($M) Tangible Book Value Per Share $921 $910 $914 $849 $702 $13.08(1) $13.9
Slide 13: 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 14: Business Model
EMPOWERING DREAMS FRTEDOM pas INNOVATING BANKING & Business Model freedom.bank
Slide 15: Department Leadership
Department Leadership Jamie Adkins Joe Daniel Tung Dao Tony Denk Doris Hambright Senior Mortgage Director of Sales & Chief Credit Officer Director of Mortgage HR Director Operations Officer Marketing Production & Sales Thyda Price Mark Ingram Nohman Ishaq Kathleen Johnson Sopa Keo Compliance Directo
Slide 16: Advisory Board
Advisory Board Charlie Einsmann Scott Gold Mark Ingrao Scott Cosby Principal, Vice President, President, President, Clear Sky Financial MetaPhase Aspen Strategies, LLC. Agiliko Bryan Leigh Kelly McLaughlan Joe Meyer Nag Nelluri Principal, CEO & Co-Founder, Executive Director & CEO, Chief Executive O
Slide 17: 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 23% of total loans as of December
Slide 18: Technology Enabled Businesses
Technology Enabled Businesses Business Banking Commercial Banking Personal Banking Mortgage Banking • Monday.com - Customer • BizEquity – Business • Apiture – Online • Encompass – Digital Relationship Management Valuation Banking Platform • Elan – Corporate Credit • Weiland Account Analysis – • Zell
Slide 19: 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 20: Corporate Banking Industry Expertise
Corporate Banking Industry Expertise Government Contracting Innovation Industries Non-Profit Commercial Real Estate 20 20
Slide 21: Small Business Successes
Small Business Successes Small Business 21 21
Slide 22: 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 23: Serving Our Communities
Serving Our Communities The Freedom Bank Foundation has engaged with Latino Economic Development Center (LEDC) to administer the NOVA Freedom Fund, which provides financing and technical assistance to underserved entrepreneurs and families. The Fund has already made a meaningful difference for local
Slide 24: Results for FY 2025 & Q1 2026
Results for FY 2025 & Q1 2026 24 24
Slide 25: 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, 2024 Dec 31, 2025 Mar 31, 2025 Dec 31, 2025 Mar 31, 2026 Net Interest Income (before provision) $25,258 $2
Slide 26: Balance Sheet
Balance Sheet Balance Sheet History ($ in thousands, except per share data) As of As of As of As of 31-Dec-24 31-Mar-25 31-Dec-25 31-Mar-26 Assets Cash and Fed Balances $28,690 $45,472 $74,488 $38,173 Investments $236,253 $229,438 $183,125 $179,563 Total Loans $773,862 $752,664 $766,837 $783,017 All
Slide 27: Selected Balance Sheet Ratios
Selected Balance Sheet Ratios Selected Financial Data by Quarter Ended (Unaudited) 31-Dec-24 31-Mar-25 31-Dec-25 31-Mar-26 Liquidity Loans held-for-investment to Deposits 84.43% 82.65% 83.41% 84.04% Uninsured Deposits to Total Deposits 21.55% 22.50% 29.43% 27.11% Total Liquidity to Uninsured Deposit
Slide 28: Margins
Margins Total Loan Yield Cost of Funds 6.80% 6.74% 4.00% 3.76% 3.60% 3.61% 3.46% 3.50% 3.23% 3.19% 3.19% 6.60% 2.99% 6.39% 3.00% 2.84% 6.40% 6.30% 6.22% 6.20% 6.22% 2.50% 6.15% 6.20% 2.00% 5.98% 5.97% 6.00% 1.50% 5.80% 1.00% 5.60% 0.50% 5.40% 0.00% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 De
Slide 29: Efficiency
Efficiency NII to Total Revenue Efficiency Ratio 20.00% 100.00% 18.00% 90.00% 16.00% 80.00% 14.00% 70.00% 12.00% 60.00% 10.00% 50.00% 8.00% 40.00% 6.00% 30.00% 4.00% 20.00% 2.00% 10.00% 0.00% 0.00% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-
Slide 30: Returns
Returns Return on Average Assets Return on Average Equity 1.00% 15.00% 0.75% 0.76% 10.71% 9.95% 0.44% 10.00% 0.43% 0.41% 0.41% 0.50% 6.05% 5.58% 5.57% 5.57% 0.29% 3.97% 0.12% 5.00% 1.70% 0.00% 0.00% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun
Slide 31: Organic Loan Mix
Organic Loan Mix Q1-25 Q4-25 Q1-26 3% 3% 3% 26% 27% 30% 28% 27% 28% 21% 20% 18% 23% 23% 20% Loan Mix ($ in thousands) Loan Mix ($ in thousands) Loan Mix ($ in thousands) Non-Owner Occupied CRE $229,704 Non-Owner Occupied CRE $198,954 Non-Owner Occupied CRE $210,203 Owner Occupied CRE $138,288 Owner
Slide 32: Credit Quality Indicators
Credit Quality Indicators Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Criticized Loans $20,135,125 $27,398,245 $49,160,223 $32,387,232 $29,786,728 % Loans 2.60% 3.67% 6.57% 4.22% 3.80% % Capital 16.27% 21.67% 38.44% 25.57% 23.75% Classified Loans $17,094,059 $27,249,678 $32,564,753 $35,226,453 $34,997,287 %
Slide 33: Non-Accrual Loan Detail
Non-Accrual Loan Detail 12/31/2024 12/31/2025 3/31/2026 Guaranteed Guaranteed Guaranteed Nonaccrual Loans Balance AMT Net Exposure Balance AMT Net Exposure Balance AMT Net Exposure Conventional Nonaccrual Loans $ 8,584 $ 8,584 $ 15,293 $ - $ 15,293 $ 7,232 $ - $ 7,232 SBA Guaranteed Nonaccrual Loans
Slide 34: Core Deposit Mix
Core Deposit Mix Q1-25 Q4-25 Q1-26 16% 16% 16% 25% 28% 32% 17% 14% 21% 7% 7% 6% 32% 32% 32% Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Non Interest Bearing Deposits $142,497 Non Interest Bearing Deposits $149,516 Non Interest Bearing Deposits $149,339 Inte
Slide 35: Deposit Composition Trends
Deposit Composition Trends Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Total Deposits $910,870 $918,245 $855,021 $914,264 $917,364 Core Deposit Balances $584,304 $633,486 $633,207 $662,303 $627,969 Core Deposit Percentage 64.15% 68.99% 74.06% 72.44% 68.45% Uninsured Deposits $204,908 $206,731 $209,572 $236,2
Slide 36: Investment Summary
FREEDOM fR38%! nx EMPOWERING DREAMS @ INNOVATING BANKING L) Investment Summary freedom.bank
Slide 37: Staying Ahead of Change
Staying Ahead of Change Key Risks & Trends Freedom Bank’s Strategic Response Advising clients on cost pressures, cash flow planning, Global Conflict & Energy Markets and margin management Higher Interest Rates & Inflation Supporting clients with financing strategies and long-term capital planning Pr
Slide 38: 2026 Strategic Initiatives
2026 Strategic Initiatives Simplify our System Define target commercial and consumer clients by industry vertical and consumer persona, with volume goals Redefine credit underwiring and portfolio monitoring to gain operating leverage and improve surveillance Use AI and data visualization tools acros
Slide 39: 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 40: Stock Price Performance
Stock Price Performance Performance of FDVA vs. Selected Indices Since December 31, 2024 30.0% 24% 20.0% 17% 17% 10.0% 0.0% -10.0% -20.0% -30.0% Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Russell 2000 KRE FDVA Note: Market data as of April 28, 2026 40
Slide 41: Contact Information
Contact Information Scott B. Clark SEVP & Chief Financial Officer sclark@freedom.bank 703-667-4119 1750 Tysons Blvd, Suite 240 McLean, VA 22102 41 41
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