STOCK TITAN

Optimumbank Holdings Inc. - OPHC STOCK NEWS

Welcome to our dedicated news page for Optimumbank Holdings (Ticker: OPHC), a resource for investors and traders seeking the latest updates and insights on Optimumbank Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Optimumbank Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Optimumbank Holdings's position in the market.

Rhea-AI Summary
OptimumBank Holdings, Inc. (NASDAQ: OPHC) reported a significant increase in net earnings, reaching $6.3 million for the year ended December 31, 2023, compared to $4.0 million in 2022, marking a 56% rise. The company's stockholders' equity stood at $70 million. OptimumBank's loan portfolio surged by 41% to $680 million, with total assets at $791 million, net loans at $671 million, and total deposits at $640 million. Noninterest income rose by 17% to $3.4 million. The Company issued 72,221 shares of common stock in a private placement transaction to two accredited investors in Q1 2023 to foster growth. Chairman Moishe Gubin highlighted the successful strategic plan, improved asset quality, well-managed capital ratios, and enhanced financial performance, emphasizing strong community support and customer loyalty.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
Tags
none
-
Rhea-AI Summary
OptimumBank Holdings, Inc. (OPHC) reported a net income of $13,808,107 before credit loss and tax expenses, or $7,254,285 including those expenses for the year ended December 31, 2023. The Bank's shareholder equity amounted to $70 million, with assets growing to $791,052,397, a 35.53% increase from the prior year. The loan portfolio also saw a significant increase of 40.69% to $680,069,842. The Bank's secured lending limit is now at $18,749,670 and its unsecured lending limit is at $11,249,802. Chairman Moishe Gubin highlighted the success of the strategic plan and the newly started national SBA lending program, with expectations of achieving $50MM in closings in 2024. The Bank also provided approximately $20MM in accounts receivable credit lines to Skilled Nursing Facilities. Gubin emphasized the strong support from loyal business customers and the positive impact of community outreach efforts in South Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.35%
Tags
none
-
Rhea-AI Summary
OptimumBank Holdings, Inc. (NASDAQ: OPHC) saw a significant increase in assets to over $755.7 million in October 2023, with a $43 million rise from the prior month. The company's SNF portfolio has grown to over $28 million, and it has closed its first SBA Loan for $300,000 with a pipeline of $15 million in various stages of loan underwriting and processing. Core earnings for October 2023 increased to $1,410,900 from $963,215 in December 2022. The company's strategic plan focuses on growing the asset size, improving shareholder returns, and maintaining well-capitalized status under regulatory guidelines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
Rhea-AI Summary
OptimumBank Holdings, Inc. (NASDAQ: OPHC) announces a $128 million increase in total assets to $713 million as of September 30, 2023, driven by growth in loans and deposits. Net loans grew by $96 million, deposits increased by $110 million, and total stockholders’ equity rose by $4 million. Net earnings for the nine months ending September 30, 2023, were $3,734,000 or $.52 per basic and diluted share. Noninterest income increased to $2,412,000 for the same period. Chairman Moishe Gubin highlighted a strong ROAE and outlined plans for expanding lending capabilities and evaluating M&A opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
OptimumBank Holdings, Inc. announces increase in total assets by $47 million to $633 million as of June 30, 2023. Net loans grew by $42 million and deposits grew by $44 million. Net earnings for the six months ending June 30, 2023 were $2,465,000 compared to $1,800,000 for the same period in 2022. Noninterest income increased to $1,501,000. Net interest Margin (NIM) increased to 3.73%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
none
-
Rhea-AI Summary
OptimumBank Holdings, Inc. and its subsidiary OptimumBank have announced an increase in total assets by $37 million to $622 million as of March 31, 2023. The growth is primarily due to increases in loans and deposits from new customers. Net loans grew by $18 million, and deposits grew by $19 million. The company also increased Federal Home Loan Bank advances by $15 million. Total stockholders' equity increased by $2 million. Net earnings for the three months ending March 31, 2023 were $1,153,000 compared to $855,000 for the same period in 2022. Noninterest income increased to $729,000. OptimumBank has been ranked among the top ten Florida banks in asset and loan growth, as well as within the top twenty-five most efficiently run banks in Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
none
Optimumbank Holdings Inc.

Nasdaq:OPHC

OPHC Rankings

OPHC Stock Data

33.75M
5.77M
26.66%
8.27%
0.27%
Commercial Banking
Finance and Insurance
Link
US
Fort Lauderdale

About OPHC

optimumbank holdings, inc. serves as a bank holding company for optimumbank (the bank). optimumbank provides community banking services to individuals and businesses in broward, miami-dade and palm beach counties. the principal sources of funds for its lending activities are deposits, borrowings, repayment of loans, and the repayment, or maturity of investment securities. it provides a range of consumer and commercial banking services to individuals and businesses.