Optimumbank Hold Stock Price, News & Analysis

OptimumBank (OPHC) has partnered with Habitat for Humanity of Broward to provide zero interest mortgage loans to six local families facing housing affordability challenges. The initiative combines financial assistance with post-closing education and financial skills training to help families transition from renting to homeownership. Selected through Habitat Broward's screening process, these families will receive homes in vibrant neighborhoods, creating opportunities for long-term stability and generational wealth building. The partnership demonstrates a model for private-nonprofit collaboration in addressing housing affordability issues, with Optimum Bank's support enabling Habitat for Humanity to reinvest funds into future projects immediately.

OptimumBank Holdings (NYSE American: OPHC) reported strong Q1 2025 financial results with net income of $3.9 million ($0.33 per basic share), up 63% from Q1 2024. The bank's performance showed significant improvements with net interest income reaching $9.43 million, a 21.7% increase year-over-year. Key metrics include: Net interest margin improved to 4.06% from 3.70% Gross loans increased 5.86% to $800.2 million Total deposits grew 6.83% to $852.93 million Tier 1 capital ratio strengthened to 11.71% The bank successfully resolved a non-performing loan post-quarter, reducing NPAs by $5.6 million. Noninterest income remained stable at $1.23 million, while noninterest expenses increased 19.5% to $5.63 million due to strategic investments in growth infrastructure.

OptimumBank Holdings (OPHC) held its 2025 Annual Shareholder Meeting, showcasing record-breaking 2024 performance. Key financial highlights include: 18% growth in total assets to $933 million, 47% increase in equity to $103 million, and net earnings of $13.1 million. The bank achieved a core ROAE exceeding 23% and a 10-year high net interest margin of 3.83%.

Chairman Moishe Gubin emphasized the company's anti-dilutionary stance while noting potential strategic capital raises of $10-30 million in 2025. The bank plans to upgrade its technology infrastructure with a new core banking platform in October, focusing on paperless operations and enhanced customer experience. Management highlighted strong employee ownership and addressed M&A strategy, emphasizing selective approach to partnerships.

OptimumBank Holdings (NYSE American: OPHC) has announced its upcoming Annual Shareholder Meeting and Investor Day scheduled for April 29, 2025, at 10:00 AM ET. The bank will present its most successful financial performance to date, featuring a remarkable Core Return on Average Equity (ROAE) exceeding 23% for fiscal year 2024.

The virtual meeting will showcase updated performance metrics through Q1 2025, demonstrating the bank's continued operational momentum and strategic growth initiatives. Shareholders and interested parties can attend virtually through the provided webcast link or contact Seth Denison for registration details.

OptimumBank Holdings (NYSE American: OPHC) has announced its upcoming Annual Shareholder Meeting and Investor Day, scheduled for Tuesday, April 29, 2025. The event will be held at the company's headquarters in Ft. Lauderdale, Florida, with a virtual attendance option available through a webcast link.

Shareholders of record as of March 21, 2025 will be eligible to vote at the annual meeting. The event will commence at 10:00 am ET. Interested participants can register either through the provided webcast link or by emailing their contact information to Seth Denison at SDenison@OptimumBank.com.

OptimumBank (NYSE American: OPHC) has achieved Preferred Lender status under the U.S. Small Business Administration (SBA) Preferred Lenders Program (PLP), the highest recognition for SBA lenders. This designation enables OptimumBank to make final credit decisions on behalf of the SBA, significantly accelerating the loan approval process.

The bank can now offer SBA 7(a) loans up to $5 million with competitive rates for various business needs, including working capital, equipment purchases, and commercial real estate. As a Preferred Lender, OptimumBank gains autonomy to approve, close, service, and liquidate SBA-guaranteed loans, streamlining the process for business owners seeking capital.

OptimumBank Holdings (NYSE American: OPHC) reported strong financial results for the year ended December 31, 2024. The company achieved net income of $13.1 million ($1.39 per basic share), up from $6.3 million in 2023.

Key highlights include:

• Net interest income reached $34.7 million, up 46.3% year-over-year
• Net interest margin improved to 3.83% from 3.75%
• Gross loans expanded 18.2% to $804.0 million
• Total deposits grew 20.7% to $772.2 million
• Bank's Tier 1 capital ratio improved to 10.91% from 10.00%

The company's noninterest income grew 33.9% to $4.6 million, while noninterest expenses increased 32.7% to $19.5 million due to investments in talent, technology, and infrastructure. The allowance for credit losses increased 12.7% to $8.66 million, covering 115% of nonperforming loans.

OptimumBank Holdings (OPHC) announced the resignation of board member Martin Schmidt from both OptimumBank and OptimumBank Holdings boards, effective January 28, 2025. Schmidt, who served as Director since August 2015, has been credited with helping the bank navigate through regulatory issues, resulting in a strong capital structure and significant growth.

Chairman Moishe Gubin acknowledged Schmidt's nearly decade-long service, highlighting his contributions to the bank's success. Schmidt, a South Florida resident, will continue to support the bank's success despite his departure. OptimumBank operates in Broward County, Florida, providing various consumer and commercial banking services, including deposit accounts, real estate loans, and digital banking solutions.

OptimumBank (OPHC) has announced its participation in the upcoming Sequire Investor Summit 2025, scheduled for January 21st-23rd, 2025, at Condado Vanderbilt Hotel in San Juan, Puerto Rico. The event presents significant opportunities for funds, companies, and investors to connect and share insights.

The location is strategically chosen, as Puerto Rico hosts numerous family offices, funds, and wealthy investors due to its favorable tax benefits, being one of the few places where US citizens can enjoy virtually no federal or state income taxes. Chairman Moishe Gubin expressed enthusiasm about presenting their fast-growing, high-performing bank to a new investor audience.