|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.50 - 10.52|
|52 Week Range||9.37 - 11.25|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||38.66|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
The net interest margin in the third quarter of 2019 was 3.51%, higher by 24 basis points compared to the previous quarter, and lower by 3 basis points compared to the same period in 2018. The additional yield related to the loan recovery was approximately 10 basis points. Yields on average earning assets increased by 27 basis points to 4.98% compared to 4.71% in the quarter ended September 30, 2018.
The gains in pre-tax income were driven by a 50.18% increase in non-interest income to $1.4 million due to strong production results in our residential mortgage business and a reduction of 2.71% in non-interest expenses, both compared to the prior quarter. The decline in loan yields was related to reversal of interest income on loans that had been placed on nonaccrual during the quarter, payoffs of consumer loans and lower yields on loans held-for-sale.
The Freedom Bank of Virginia (FDVA) announced today that it has hired Bradley S. Crockett as Head of the Commercial Real Estate Group. Mr. Crockett will be responsible for all facets of commercial banking for commercial real estate clients. “We are very fortunate to have a professional with Brad’s thirty years of experience in commercial and residential real estate lending, real estate development and portfolio management, and he is uniquely qualified to oversee the development of strategies to best serve real estate clients,” said Joe Thomas, President and CEO.
The Freedom Bank of Virginia (FDVA) today announced that it has hired Jogesh Bagga as Market President to lead its commercial banking practice in Fairfax County. “Freedom Bank enjoys 17 years of history in the vibrant and dynamic Fairfax County market and we see tremendous potential to serve the entrepreneurs, businesses, and professionals across a range of industries,” said Joe Thomas, President and CEO. Mr. Bagga will serve as Market President for Fairfax County and will be responsible for building the Bank’s brand, expanding its market position, and developing client relationships in the market across all lines of business.
The Freedom Bank of Virginia (FDVA), (the “Bank” or “Freedom Bank”) announced today that its Board of Directors has nominated Joseph M. English III, Kevin J. Kooman, and Maury Peiperl as directors and will be recommending their election at the company’s annual meeting on May 28, 2019. “The nomination of these three talented professionals completes the restructuring of our board to a total of nine directors who have deep leadership experience, vast domain knowledge, and unique insight in our local markets,” said H. Jason Gold, Freedom Bank Chairman.
The Freedom Bank of Virginia , today announced net income of $515,986, or $0.07 per diluted share, for the quarter ended March 31, 2019.
As of the end of the first quarter, there are over 90 domestic and international banks trading on the OTCQX Best Market with an aggregate market capitalization of $94.9 billion and combined assets of more ...
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations NEW YORK , March 18, 2019 /PRNewswire/ -- Virtual Investor Conferences ...
FAIRFAX, Va., March 8, 2019 /PRNewswire/ -- The Freedom Bank of Virginia (FDVA), based in Fairfax, Virginia, today announced that Joseph Thomas, President and CEO, will present at VirtualInvestorConferences.com on March 14th. Freedom Bank's presentation will be available for 24/7 replay for 90 days. Freedom Bank has elected a new Board Chairman, H. Jason Gold, retired six legacy Directors and hired a new President & CEO, Joseph J. Thomas, as part of a new strategic vision for the company.
NEW YORK , March 7, 2019 /PRNewswire/ -- Virtual Investor Conferences and OTC Markets Group Inc. today announced the agenda for its next OTCQX® Virtual Investor Conference on March 14, 2019 featuring regional ...