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AllianceBernstein L.P., a Delaware limited partnership and majority-owned subsidiary of Equitable Holdings, Inc., reported beneficial ownership of 616,168 shares of OptimumBank Holdings Inc. common stock as of June 30, 2026. This position represents 5.0% of the outstanding common stock.
AllianceBernstein has sole voting and sole dispositive power over all 616,168 shares, with no shared voting or dispositive authority. The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts, and AllianceBernstein states it operates under independent management from Equitable Holdings.
OptimumBank Holdings, Inc. reported a strong second quarter of 2026, highlighting record quarterly net income and rapid balance sheet growth. Net income was $6.66 million, or $0.40 basic and $0.28 diluted EPS, supported by pretax income of $8.84 million. Management noted that based on a current quarterly earnings run rate of approximately $0.28 per share, it is raising its forward-looking annual earnings estimate to a range of $1.00–$1.15 per share.
Total assets surpassed $1.40 billion, with gross loans at $1.22 billion and deposits at $1.21 billion. Net interest income reached $14.7 million, while total interest income was $21.7 million. Net interest margin expanded to 4.57%, and core pretax, preprovision earnings were $8.8 million, producing an annualized core ROE of 26.9%. Credit quality remained strong with nonperforming assets at 0.22% of total assets, an allowance for credit losses of 0.91% of loans, and net charge-offs of 0%.
Since 2022, total assets, loans, and deposits have grown at compound annual growth rates above 28%. The company simplified its capital structure by exchanging all Series B and C convertible preferred stock into non-voting common stock and reported tangible book value per diluted share of $5.65. Management emphasized a relationship-based community banking strategy, continued lending platform expansion, and disciplined risk management.
OptimumBank Holdings, Inc. reported strong growth for the six months ended June 30, 2026. Total assets rose to $1.4 billion from $1.1 billion at December 31, 2025, driven mainly by a $257.1 million increase in net loans to $1.2 billion. Deposits grew to $1.21 billion, up $282.3 million over year-end.
Net income for the first half of 2026 was $11.3 million, compared with $7.5 million a year earlier, with basic EPS of $0.79 and diluted EPS of $0.48. Return on average assets was 1.81% and return on average equity 17.81%. Net interest income increased to $27.9 million for the six months, supported by higher loan balances, while credit costs remained modest with a total credit loss expense of $0.7 million and an allowance for credit losses of $11.0 million.
Stockholders’ equity rose to $134.4 million, though the equity-to-assets ratio declined to 9.59%. The company completed exchanges of all outstanding Series B and C preferred shares into 11.46 million shares of Nonvoting Common Stock and raised $0.95 million of additional common equity under its at-the-market program. The bank remained well capitalized, with Tier 1 capital to total assets of 10.54%, and continued executing its strategic plan focused on commercial real estate, specialized lending subsidiaries, and treasury management growth.
OptimumBank Holdings, Inc. reported strong second-quarter 2026 results, with net income of $6.7 million, or $0.40 per basic share and $0.28 per diluted share, up from $4.7 million in the first quarter and $3.6 million a year earlier. For the six months ended June 30, 2026, net income was $11.3 million versus $7.5 million in the prior-year period, driven mainly by an $8.2 million increase in net interest income and $1.2 million higher noninterest income.
Total assets reached $1.4 billion, with gross loans of $1.2 billion and deposits of $1.2 billion, reflecting quarter-over-quarter growth of $132.2 million, $126.2 million, and $121.2 million, respectively. Net interest income rose to $14.7 million and net interest margin improved to 4.57%. Asset quality remained solid, with net charge-offs of $11,000, nonaccrual loans of $2.1 million, and an allowance for credit losses of $11.0 million, or 0.91% of total loans. The Tier 1 leverage ratio was 10.54%.
Leadership changes were completed as Chairman Moishe Gubin became Chief Executive Officer and Braden R. Smith joined as Bank President. OptimumFinance, LLC funded its first $14.2 million loan using a $14.0 million note payable guaranteed by the company. Shareholders’ equity increased to $134.4 million, and tangible book value per diluted share rose to $5.65.
OptimumBank Holdings, Inc. reported stronger results for the three months ended March 31, 2026. Total assets rose to $1.27 billion from $1.11 billion as loans grew to $1.09 billion and deposits to $1.09 billion. Net income increased to $4.7 million, with basic and diluted EPS of $0.39 and $0.20, up from $0.33 and $0.17 a year earlier. Net interest income climbed to $13.2 million, and net interest margin improved to 4.49%. The allowance for credit losses was $11.1 million, or 1.01% of loans. The Bank remained well capitalized, with Tier 1 capital to total assets of 10.74%. The company continued raising equity through its ATM program, exchanged preferred shares for common stock, and outlined plans to convert preferred shares into nonvoting common stock.
OptimumBank Holdings, Inc. announced a planned leadership transition. On May 1, 2026, Timothy Terry retired as principal executive officer of the company and as President and Chief Executive Officer of its banking subsidiary, OptimumBank, and will assist with the leadership transition.
Effective the same date, Chairman of the Board Moishe Gubin was appointed Chief Executive Officer and principal executive officer of OptimumBank Holdings, Inc., and Chief Executive Officer of OptimumBank. The bank also appointed Braden R. Smith, age 52, as President, bringing prior senior roles at Amerant Bank and Wintrust Financial Corporation.
OptimumBank Holdings, Inc. held its 2026 annual shareholder meeting on April 28, 2026. There were 12,166,437 shares of common stock outstanding as of the record date, and 8,991,733 shares were represented in person or by proxy, equal to 73.91% of shares eligible to vote.
Shareholders elected six directors, each receiving about 6.5 million votes in favor with roughly 368,230 or fewer votes withheld and 2,111,611 broker non-votes. They also approved an amendment to the Articles of Incorporation to authorize a class of nonvoting common stock, with 6,699,923 votes for, 172,576 against, and 7,623 abstentions.
Shareholders ratified Hacker, Johnson & Smith, P.A. as independent auditor for the 2026 fiscal year with 8,947,652 votes for, 20,338 against, and 23,743 abstentions. A proposal to adjourn the meeting if needed also passed, receiving 8,432,766 votes for, 388,083 against, and 170,884 abstentions.
OptimumBank Holdings, Inc. reported unaudited first-quarter 2026 results with net income of $4.7 million, or $0.39 basic and $0.20 diluted EPS. Net income rose from $3.9 million in the first quarter of 2025 but was slightly below $4.9 million in the fourth quarter of 2025.
Strong balance sheet growth continued: total assets reached $1.27 billion, gross loans $1.09 billion, and deposits $1.09 billion. Net interest income increased to $13.2 million and net interest margin improved to 4.49% as loan yields rose and funding costs declined.
Credit quality remained solid, with nonaccrual loans down to $2.2 million, minimal net charge-offs of $3,000, and an allowance for credit losses of $11.1 million, or 1.01% of total loans. The Bank’s Tier 1 Leverage Ratio was 10.74%, and tangible book value per common share was $10.43.
OptimumBank Holdings is asking shareholders to approve several items at its April 28, 2026 annual meeting, including electing six directors, creating a new class of nonvoting common stock, ratifying its auditor, and allowing adjournment if there are not enough votes.
The charter amendment would authorize 66,000,000 shares in total, split into 30,000,000 voting common, 30,000,000 nonvoting common, and 6,000,000 preferred. If approved, the company expects to exchange all outstanding Series B and Series C preferred into Nonvoting Common Stock, including 875,641 shares for AllianceBernstein L.P., 5,025,766 for director Michael Blisko, and 5,556,944 for Gubin Enterprises Limited Partnership. As of March 9, 2026, there were 12,166,437 common shares outstanding. The proxy also details board independence, committee activity, executive and director pay, and the 2018 equity incentive plan, under which 922,691 shares have been issued and 627,309 remain available.
OptimumBank Holdings, Inc. (OPHC) reports a community bank profile centered on South Florida, with $1.1 billion in total assets, net loans of $947.3 million, deposits of $931.8 million, and stockholders’ equity of $121.9 million as of December 31, 2025. Net income for 2025 was $16.6 million.
Loans make up 85% of assets and are heavily real estate-based: 95% of the portfolio is mortgage-secured and about 70% is commercial real estate. Net loans grew by $152.3 million in 2025, while nonperforming loans were $2.9 million, or 0.3% of gross loans. The allowance for credit losses was $10.3 million, or 1.07% of total loans.
The company highlights niche strategies in skilled nursing facility lending, merchant cash advance treasury services, and SBA 7(a) lending, having achieved SBA preferred lender status in early 2025. It also formed OptimumHUD Loans, LLC to pursue HUD/FHA-related finance. Capital remains above well-capitalized thresholds, with Tier 1 capital to total assets at 11.39%.