Freedom Financial Holdings Announces Earnings for First Quarter of 2024 and Reauthorization of Stock Buyback Program
The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.
- The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.
- Tangible Book Value per share1 increased during the quarter to $10.83 on March 31, 2024, compared to $10.78 on December 31, 2023.
- Non-interest-bearing demand deposits decreased by $2.26 million from the linked quarter to $141.70 million and represented 15.85% of total deposits on March 31, 2024.
- Yields on average earning assets were 5.99% in the first quarter of 2024, unchanged from the linked quarter and 5.38% in the calendar quarter.