OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2026
Key Highlights
- ➤Net income $7.2 million; diluted EPS $0.30, up 67% year over year
- ➤Gross loans increased $150.2 million, or 12.3%, to $1.37 billion
- ➤Total deposits rose $128.8 million to $1.34 billion; up 40.0% year over year
- ➤Net interest margin reached 4.63%, up 26 basis points year over year
- ➤$35.0 million subordinated debt offering funded a $31.0 million Bank capital contribution
Expert Statements
Moishe Gubin, Chairman of the Board and Chief Executive Officer of OptimumBank Holdings, Inc.
“In my first full quarter as Chief Executive Officer, I am very pleased with both our results and the continued progress we are seeing across the Company. We generated record quarterly earnings, continued to produce strong loan and deposit growth, expanded our net interest margin, maintained strong credit quality, and strengthened our capital position. At the same time, we have identified additional opportunities to improve operating efficiency and limit expenses, the benefits of which we expect to begin seeing over the next several quarters. We believe we can realize these efficiencies while continuing to execute across the rest of the business and maintaining the growth momentum we have established. I feel very good about where OptimumBank stands today and the opportunities ahead of us as we continue to build long-term value for our shareholders.”
Fort Lauderdale, FL, Nov. 12, 2026 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NYSE American: OPHC) (the “Company”) is a financial holding company and owns 100% of OptimumBank (the “Bank”), a Florida-chartered commercial bank, OptimumHUD Loans, LLC (d/b/a OptimumFunding, LLC), a wholly owned non-bank Bridge and HUD-lender and OptimumFinance, LLC, a non-bank, wholly owned financing subsidiary.
The Company is pleased to announce net income of $7.2 million, or $0.30 per basic and diluted share, for the third quarter of 2026. As a result of the Company’s April 29, 2026 exchange of all outstanding preferred stock for common stock, the Company had no preferred stock outstanding during the third quarter of 2026. Accordingly, basic and diluted earnings per share were the same for the quarter. Because diluted earnings per share for prior periods reflected the potential common shares underlying the Company’s then-outstanding preferred stock, management believes comparison of the current quarter’s $0.30 basic and diluted earnings per share to diluted earnings per share in prior periods provides a more meaningful view of per-share earnings performance across periods.
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