OptimumBank Q3 2026 net income rises to $7.2M

Q: How much net income did OPHC report in Q3 2026?

OptimumBank Holdings reported net income of $7.2 million and diluted earnings per share of $0.30 for Q3 2026. Net income was $6.7 million in Q2 2026 and $4.3 million in Q3 2025.

Q: What were OPHC's loan and deposit balances at September 30, 2026?

Gross loans were $1.37 billion and total deposits were $1.34 billion at September 30, 2026. From June 30, gross loans increased $150.2 million, or 12.3%, and deposits increased $128.8 million, or 10.6%.

Q: What are the terms of OPHC's subordinated notes?

OptimumBank Holdings issued $35.0 million of 7.50% fixed-to-floating rate subordinated notes due September 1, 2036. The notes bear a fixed 7.50% rate through September 1, 2031, then reset quarterly to the then-current three-month term SOFR plus 340 basis points. Subject to conditions, the company may redeem them beginning September 1, 2031.

Available on EDGAR 11/12/2026 - 04:11 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:10 PM EST

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(High)

Filing Sentiment

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How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

OptimumBank Holdings, Inc. (OPHC) reported third-quarter 2026 net income of $7.2 million, compared with $6.7 million in the second quarter and $4.3 million a year earlier. Diluted earnings per share were $0.30, versus $0.28 and $0.18, respectively. Nine-month net income was $18.5 million, compared with $11.8 million for the same period of 2025.

Net interest income reached $16.8 million, and net interest margin was 4.63%, up from 4.37% in Q3 2025. Gross loans increased $150.2 million (12.3%) from June 30 to $1.37 billion at September 30; deposits grew $128.8 million (10.6%) to $1.34 billion. The company issued $35.0 million of 7.50% fixed-to-floating subordinated notes and contributed $31.0 million to its bank subsidiary. The bank's Tier 1 Leverage Ratio was 12.23% at quarter-end.

Noninterest expenses were $9.0 million, compared with $6.6 million a year earlier, and credit loss expense was $1.1 million. Gross charge-offs were $40,000 and recoveries were $29,000, resulting in net charge-offs of $11,000. The allowance for credit losses was $12.1 million, or 0.89% of total loans, at September 30.

1 point · 0 major

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0 major · 0 points

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Positive

Moderate pointThird-quarter net income rose to $7.2 million from $4.3 million in Q3 2025.

Negative

None.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Third-quarter net income: $7.2 million Diluted earnings per share: $0.30 per share Net interest income: $16.8 million +5 more

8 metrics

Third-quarter net income $7.2 million Third quarter of 2026; compared with $4.3 million in Q3 2025.

Diluted earnings per share $0.30 per share Third quarter of 2026; compared with $0.18 in Q3 2025.

Net interest income $16.8 million Third quarter of 2026; compared with $11.0 million in Q3 2025.

Net interest margin 4.63% Third quarter of 2026; 4.37% in Q3 2025.

Gross loans $1.37 billion At September 30, 2026; increased $150.2 million from June 30, 2026.

Total deposits $1.34 billion At September 30, 2026; increased $128.8 million from June 30, 2026.

Subordinated notes issued $35.0 million Issued during the third quarter of 2026.

Tier 1 Leverage Ratio 12.23% Bank ratio at September 30, 2026.

Key Terms

Net interest margin, Allowance for credit losses, Tier 1 Leverage Ratio, Subordinated notes, +2 more

6 terms

Net interest margin financial

"Net interest margin was 4.63%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Allowance for credit losses financial

"allowance for credit losses was $12.1 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Tier 1 Leverage Ratio regulatory

"Tier 1 Leverage Ratio was 12.23%"

Tier 1 leverage ratio measures a bank’s core capital — the money that can absorb losses — as a share of its total assets, showing how much of its balance sheet is funded by real loss-absorbing capital rather than borrowed money. Investors use it like a safety gauge: a higher ratio means a bigger cushion against shocks and lower risk of insolvency, similar to how a thicker spare tire reduces the chance of being stranded.

Subordinated notes financial

"7.50% fixed-to-floating subordinated notes"

Subordinated notes are loans companies issue that rank below other debts for repayment, meaning holders get paid only after higher-priority creditors if the issuer runs into trouble. Because they act like being farther back in line at a buffet, they usually offer higher interest to compensate for greater risk, so investors watch them for potential higher returns but also increased chance of loss and sensitivity to the issuer’s financial health.

Nonaccrual loan financial

"payoff of a previously reported nonaccrual loan"

A nonaccrual loan is a loan on which the lender has stopped recording interest income because the borrower is significantly past due or the lender doubts it will collect scheduled payments. It signals a problem with the borrower's ability to pay and is used by banks to avoid recognizing income they may not receive; like turning off a factory’s power when its output is unreliable, it directly affects a lender’s reported earnings and asset quality that investors monitor.

Efficiency ratio financial

"efficiency ratio was 45.86%"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Earnings Snapshot

Net income: $7.2 million · Guidance included

Third quarter of 2026

Net income $7.2 million Compared with $6.7 million in Q2 2026 and $4.3 million in Q3 2025.

Diluted earnings per share $0.30 per share Compared with $0.28 in Q2 2026 and $0.18 in Q3 2025.

Net interest income $16.8 million Compared with $14.7 million in Q2 2026 and $11.0 million in Q3 2025.

Net interest margin 4.63% Compared with 4.57% in Q2 2026 and 4.37% in Q3 2025.

Gross loans $1.37 billion Increased $150.2 million from June 30, 2026.

Total deposits $1.34 billion Increased $128.8 million from June 30, 2026.

Guidance

The company described its outlook as constructive and expects benefits from identified operating-efficiency opportunities to begin over the next several quarters.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much net income did OPHC report in Q3 2026?

OptimumBank Holdings reported net income of $7.2 million and diluted earnings per share of $0.30 for Q3 2026. Net income was $6.7 million in Q2 2026 and $4.3 million in Q3 2025.

What were OPHC's loan and deposit balances at September 30, 2026?

Gross loans were $1.37 billion and total deposits were $1.34 billion at September 30, 2026. From June 30, gross loans increased $150.2 million, or 12.3%, and deposits increased $128.8 million, or 10.6%.

What are the terms of OPHC's subordinated notes?

OptimumBank Holdings issued $35.0 million of 7.50% fixed-to-floating rate subordinated notes due September 1, 2036. The notes bear a fixed 7.50% rate through September 1, 2031, then reset quarterly to the then-current three-month term SOFR plus 340 basis points. Subject to conditions, the company may redeem them beginning September 1, 2031.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) November 12, 2026

OPTIMUMBANK HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Florida	001-42447	55-0865043
(State or other jurisdiction of incorporation)	(Commission file number)	(IRS employer identification no.)

2929 East Commercial Boulevard		33308
Ft. Lauderdale, Florida		(Zip Code)
(Address of principal executive offices)

(954) 776-2332

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered pursuant to Section 12(b) of the Act:

Title of each class registered		Trading Symbol(s)		Name of exchange on which registered
Common Stock		OPHC		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

Item 7.01. Regulation FD Disclosure.

On November 12, 2026, OptimumBank Holdings, Inc. issued a press release and a presentation describing its unaudited results of operations and financial condition for, and at the end of, the quarter and nine-month period ended September 30, 2026. The press release is attached as Exhibit 99.1 and the presentation as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits

Exhibit Number	Exhibit Name	Furnished Herewith
99.1	Press release dated November 12, 2026	*
99.2	Presentation dated November 12, 2026	*
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)	*

The information in this report (including the exhibits) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OPTIMUMBANK HOLDINGS, INC.

Date:	November 12, 2026

By:	/s/ Moishe Gubin
	Moishe Gubin
	Chief Executive Officer and Chairman of the Board of Directors

Exhibit 99.1

OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2026

Fort Lauderdale, FL, November 12, 2026 — 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.

Net income for the third quarter of 2026 increased to $7.2 million from $6.7 million in the second quarter of 2026 and $4.3 million in the third quarter of 2025. Diluted earnings per share increased to $0.30 from $0.28 in the second quarter of 2026 and $0.18 in the third quarter of 2025, representing increases of approximately 7% and 67%, respectively.

For the nine months ended September 30, 2026, net income was $18.5 million, or $1.05 per basic share and $0.78 per diluted share, compared to net income of $11.8 million, or $1.00 per basic share and $0.50 per diluted share, for the nine months ended September 30, 2025. The $6.7 million increase in net income for the nine months ended September 30, 2026, compared to the same period in 2025, was primarily driven by a $14.0 million increase in net interest income and a $2.1 million increase in noninterest income, partially offset by a $7.0 million increase in noninterest expense and the corresponding increase in income tax expense.

The Company will host a webcast call to discuss the results of the third quarter of 2026 on November 13, 2026, at 10:00am ET. Those interested in viewing the Company’s presentation are encouraged to register for the live Webcast, at the following link: https://events.q4inc.com/attendee/603182555/guest. Company management will also be available to respond to questions at the conclusion of the presentation.

The Company continued with strong growth throughout the third quarter of 2026. The gross loan portfolio increased by $150.2 million, or 12.3%, from June 30, 2026 to $1.37 billion at September 30, 2026. Total deposits increased by $128.8 million from June 30, 2026, totaling $1.34 billion at September 30, 2026, or 10.6% from the prior quarter. This also represents growth of $383.3 million in total deposits since September 30, 2025, or an increase of 40.0%.

Highlights for the Third Quarter of 2026

	●	Net income of $7.2 million, or $0.30 per basic share, and $0.30 per diluted share (“diluted EPS”) for the quarter-ended September 30, 2026.

	●	Return on Average Assets (“ROAA”) was 1.95% for the third quarter of 2026, compared to 2.04% in the second quarter of 2026 (both annualized).

	●	Return on Average Equity (“ROAE”) was 19.99% for the third quarter of 2026, compared to 20.34% in the second quarter of 2026 (both annualized).

●

The Company’s efficiency ratio was 45.86% for the third quarter of 2026, compared to 48.78% in the second quarter of 2026.

	●	Net interest margin was 4.63%, reflecting a six basis point increase from 4.57% in the second quarter of 2026.

	●	Total assets grew by $175.2 million to $1.58 billion from June 30, 2026.

	●	Total deposits increased by $128.8 million to $1.34 billion from June 30, 2026. Noninterest bearing demand deposits increased by $62.3 million or 19.5% to $381.7 million from June 30, 2026.

	●	Gross loans increased by $150.2 million during the quarter to $1.37 billion, compared to $1.22 billion at June 30, 2026.

	●	Total stockholders’ equity increased by $15.0 million to $149.4 million as of September 30, 2026, up from $134.4 million as of June 30, 2026, reflecting continued earnings retention and equity raised through the Company’s at-the-market (“ATM”) program and other private placements.

During the third quarter, the Company continued to execute on its strategic growth initiatives while strengthening its capital position to support future growth. The Company completed a $35.0 million subordinated debt offering during the quarter, followed by a $31.0 million capital contribution to the Bank. The additional capital provides the Bank with increased capacity to support continued balance sheet growth while maintaining strong regulatory capital levels. The Company also continued to expand its lending platform, with growth across all loan portfolio segments, while OptimumFinance, LLC continued to grow its loan portfolio. At the same time, the Company experienced increased visibility within the investment community, accompanied by significantly greater trading activity and liquidity in the Company’s common stock.

“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,” said Chairman of the Board and Chief Executive Officer Moishe Gubin. “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.”

Net interest income for the quarter-ended September 30, 2026, increased to $16.8 million, up by $2.1 million from the second quarter of 2026 and $5.7 million from the third quarter of 2025, supported by higher yields on loans and securities. The cost of interest-bearing liabilities was 3.49%, up one basis point from 3.48% in the third quarter of 2025, while interest-earning asset yields rose 47 basis points to 6.93%. As a result, the Company’s net interest margin rose 26 basis points from the third quarter of 2025 to 4.63% for the quarter-ended September 30, 2026, a reflection of disciplined loan and deposit pricing strategy, prudent liquidity management, and balance sheet optimization amid a dynamic rate environment.

Noninterest income for the quarter-ended September 30, 2026, increased by $0.4 million from the prior quarter to $2.8 million, primarily driven by an increase in loan fees and an increase in fees related to banking services, partially offset by a decline in the gains on the sale of government guaranteed SBA loans. Noninterest expenses increased to $9.0 million, or $0.6 million from the second quarter, primarily relating to increases in employee compensation expenses, data processing costs, and regulatory assessment expense. The Company’s efficiency ratio (non-GAAP measure) was 45.86% for the third quarter of 2026, consistent with prudent cost management amid balance sheet expansion and associated revenue expansion.

Credit loss expense for the quarter-ended September 30, 2026 was $1.1 million, primarily due to the growth in the loan portfolio. Gross charge-offs remained modest at $40,000 while recoveries totaled $29,000, resulting in net charge-offs of only $11,000 during the third quarter of 2026. The allowance for credit losses stood at $12.1 million as of September 30, 2026, or 0.89% of total loans.

Loan portfolio growth remained strong in the third quarter of 2026 with growth across all loan segments. Gross loans increased by $150.2 million from the prior quarter. Commercial real estate continued to expand, growing by $91.4 million and residential real estate increased $28.8 million in the third quarter. Additionally, there were increases in land and construction of $11.5 million, commercial of $7.8 million, consumer of $6.5 million and in the multifamily portfolio segment of $4.3 million.

The continued growth experienced in the loan portfolio is due to the implementation of our relationship-based banking model and the success of our lenders in competing for new business, as well as the continued expansion of OptimumFinance, LLC during the third quarter of 2026. OptimumFinance, LLC grew its loan portfolio in the third quarter of 2026 to $26.7 million from $14.2 million in the second quarter. During the quarter, OptimumFinance, LLC issued additional notes payable to fund the corresponding asset growth.

On the funding side, total deposits increased by $128.8 million to $1.34 billion from the second quarter of 2026, with strong sequential growth across all deposit categories. The Company had $10.0 million in Federal Home Loan Bank (“FHLB”) advances outstanding at September 30, 2026, a decrease of $15.0 million from June 30, 2026.

On August 19, 2026, the Company issued $35.0 million in aggregate principal amount of 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 at 100% of their face amount. The subordinated notes bear interest at a fixed rate of 7.50% through September 1, 2031, after which the interest rate will reset quarterly to the then-current three-month term secured overnight financing rate (SOFR) plus 340 basis points. The notes mature on September 1, 2036, and, subject to certain conditions, may be redeemed by the Company beginning September 1, 2031.

The Bank’s capital levels remain strong, with a Tier 1 Leverage Ratio of 12.23%, well above regulatory minimums. The increase of 169 basis points from the prior quarter primarily reflects a $31.0 million capital infusion to the Bank following the issuance of the subordinated debt to support future expectations for continued strong asset growth, partially offset by strong earning asset growth during the third quarter. The Company remains well positioned to support continued growth and earnings momentum.

The Company’s outlook remains constructive. The third quarter of 2026 reflected continued progress, including strong loan and deposit growth, increased net interest income, improved operating efficiency, and continued earnings momentum. The Company also strengthened its capital position through the issuance of $35.0 million of subordinated debt, providing additional capacity to support future growth. OptimumBank continues to benefit from growing recognition within the banking and investment communities, including Buy ratings from all three independent equity research firms currently covering the Company. This increased visibility has been accompanied by significantly greater trading activity and liquidity in the Company’s common stock. Average daily trading volume increased approximately 235%, from 35,600 shares during the second quarter to 119,300 shares during the third quarter, while the Company’s share price increased approximately 49%, from $5.84 on June 30 to $8.72 on September 30. The Company remains focused on technology, talent, and targeted growth initiatives to support continued growth and long-term shareholder value.

The following table presents the Company’s quarterly trends of the consolidated financial highlights (unaudited) for the periods presented (see below for a summary of non-GAAP reconciliation):

				Quarterly Trends												3Q26 change vs
	3Q26			2Q26			1Q26			4Q25			3Q25			2Q26			3Q25
Selected Balance Sheet Data
Total assets	$	1,576,100		$	1,400,937		$	1,268,735		$	1,111,678		$	1,083,043		$	175,163		$	493,057
Total gross loans		1,367,318			1,217,084			1,090,894			958,793			813,722			150,234			553,596
Total deposits		1,342,826			1,214,045			1,092,883			931,750			959,487			128,781			383,339
Earnings Highlights
Net Income	$	7,172		$	6,655		$	4,663		$	4,853		$	4,323		$	517		$	2,849
Diluted earnings per share (EPS)	$	0.30		$	0.28		$	0.20		$	0.21		$	0.18		$	0.02		$	0.12
Net interest income	$	16,781		$	14,697		$	13,190		$	11,871		$	11,048		$	2,084		$	5,733
Performance Ratios
Net interest margin		4.63	%		4.57	%		4.49	%		4.39	%		4.37	%		0.06	%		0.26	%
Net interest spread		3.43	%		3.45	%		3.36	%		3.11	%		2.98	%		-0.02	%		0.45	%
Cost of interest-bearing liabilities		3.49	%		3.30	%		3.26	%		3.34	%		3.48	%		0.19	%		0.02	%
Efficiency ratio		45.86	%		48.78	%		53.47	%		49.59	%		50.68	%		(2.92	)%		(4.82	)%
Loan-to-deposit ratio		100.74	%		99.20	%		98.69	%		101.67	%		83.67	%		1.54	%		17.07	%
Return on (annualized)
Average assets (ROAA)		1.95	%		2.04	%		1.56	%		1.77	%		1.68	%		(0.09	)%		0.27	%
Average equity (ROAE)		19.99	%		20.34	%		15.12	%		16.23	%		15.17	%		(0.35	)%		4.82	%
Average tangible assets (ROTA)		1.95	%		2.04	%		1.56	%		1.77	%		1.68	%		(0.09	)%		0.27	%
Pre-tax pre-provision net revenue (PPNR)	$	10,621		$	8,801		$	6,968		$	6,855		$	6,426		$	1,820		$	4,195
Other Operating Measures
Common Shares outstanding - Voting		13,526,976			12,340,785			12,166,858			11,533,943			11,883,943			1,186,191			1,643,033
Common Shares outstanding - Nonvoting		11,458,351			11,458,351			-			-			-			-			11,458,351
Fully diluted shares outstanding		24,985,327			23,799,136			23,625,209			23,523,473			23,523,473			1,186,191			1,461,854
Fully diluted tangible book value per share	$	5.98		$	5.65		$	5.37		$	5.18		$	4.97		$	0.33		$	1.01
Tangible common equity to tangible assets		9.48	%		9.59	%		10.00	%		10.97	%		10.79	%		(0.11	)%		(1.31	)%
Tier 1 Leverage Ratio		12.23	%		10.54	%		10.74	%		11.39	%		11.71	%		1.69	%		0.53	%

Financial Results

Statement of Income

Net income was $7.2 million for the third quarter of 2026, compared to net income of $6.7 million for the second quarter of 2026, and $4.3 million for the third quarter of 2025. The increase from the second quarter of 2026 was primarily due to an increase in interest income to $25.1 million, compared to $21.7 million in the second quarter, primarily driven by an increase in interest income on loans, partially offset by an increase of $1.3 million in deposit and borrowings interest expense and interest expense associated with the new subordinated debt issuance. Additionally, there was a $0.4 million increase in noninterest income, partially offset by a $0.6 million increase in noninterest expense.

Total interest income was $25.1 million for the third quarter of 2026, compared to $21.7 million in the second quarter of 2026 and $16.3 million in the third quarter of 2025. The sequential growth was driven by a $3.1 million increase in interest income from loans. Compared to the third quarter of 2025, the increase was primarily due to a $457.0 million increase in average loan balances and improvements in loan yields.

The following table depicts the components of interest income (unaudited) for the quarterly periods presented:

	Quarterly Trends										3Q26 change vs
	3Q26		2Q26		1Q26		4Q25		3Q25		2Q26			3Q25
Interest income
Loans	$	23,451	$	20,386	$	18,114	$	15,437	$	14,082	$	3,065		$	9,369
Debt securities		201		204		191		164		153		(3	)		48
Other		1,460		1,134		1,148		1,837		2,086		326			(626	)
Total interest income	$	25,112	$	21,724	$	19,453	$	17,438	$	16,321	$	3,388		$	8,791

Interest expense totaled $8.3 million for the third quarter of 2026, compared to $7.0 million for the second quarter of 2026 and $5.3 million for the third quarter of 2025. Compared to the second quarter of 2026, the increase in interest expense was primarily attributable to a $91.9 million increase in average interest-bearing liability balances, and a 19 basis point increase in the cost of interest-bearing liabilities from 3.30% to 3.49%. Compared to the third quarter of 2025, there was a $338.9 million increase in average interest-bearing liability balances, with a one basis point increase in the cost of interest-bearing liabilities, from 3.48% to 3.49%.

Net interest income was $16.8 million in the third quarter of 2026, up from $14.7 million in the second quarter of 2026 and $11.0 million in the third quarter of 2025. The quarter-over-quarter increase was primarily driven by growth in the average interest-earning assets of $147.8 million, partially offset by the increase in average interest-bearing liability balances and the higher cost of interest-bearing liabilities. On a year-over-year basis, the growth in net interest income was primarily attributable to a $457.0 million increase in average loan balances.

Net interest margin expanded to 4.63% for the third quarter of 2026, compared to 4.57% for the second quarter of 2026 and 4.37% for the third quarter of 2025. Compared to the second quarter of 2026, net interest margin increased by six basis points, primarily driven by a 17 basis point increase in the yield on interest-bearing assets partially offset by an increase in yields for the cost to fund interest earning assets. Compared to the third quarter of 2025, net interest margin increased by 26 basis points, primarily attributable to a 47 basis point increase in interest earning asset yields, partially offset by an increase in funding costs.

The cost of interest-bearing liabilities was 3.49% in the third quarter of 2026, compared to 3.30% in the second quarter of 2026 and 3.48% in the third quarter of 2025. The increase from the second quarter of 2026 was primarily due to additional notes payable issued by the OptimumFinance, LLC subsidiary during the quarter with an average balance increasing from $10.8 million during the second quarter to $22.9 million for the third quarter. The notes bear interest at 10.00%. The cost of interest bearing liabilities also reflects the subordinated debt issuance on August 19, 2026, with an average balance of $16.1 million during the quarter and average yield of 7.82% (inclusive of the amortization of issuance costs), and modestly higher yields on savings, NOW, and money market deposits. Excluding the OptimumFinance, LLC notes payable and impact from the issuance of subordinated debt during the quarter, the cost of interest-bearing liabilities was 3.25%, or four basis points higher than the second quarter of 2026. Compared to the same quarter last year, the cost of interest-bearing liabilities increased by one basis point. This increase was due to the addition of the notes payable and the subordinated debt and an increase in FHLB borrowings, partially offset by decreases in yields across the deposit portfolio with disciplined pricing following rate reductions that occurred in the prior year.

Credit loss expense was $1.1 million during the third quarter of 2026, compared to a $37,000 reversal in the second quarter of 2026, and $0.8 million of expense for the third quarter of 2025. Credit loss expense in the third quarter of 2026 was primarily attributable to loan growth. The prior quarter’s reversal was primarily attributable to improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss. Gross charge-offs remained modest at $40,000 while recoveries totaled $29,000, resulting in net charge-offs of $11,000 during the third quarter of 2026. The Company’s allowance for credit losses stood at $12.1 million, or 0.89% of total loans, as of September 30, 2026 compared to 0.91% at June 30, 2026 and 1.23% at September 30, 2025.

Noninterest income totaled $2.8 million for the third quarter of 2026, up from $2.5 million in the prior quarter and $2.0 million in the third quarter of 2025. During the quarter, the Company collected $0.9 million in late fees from the payoff of a previously reported nonaccrual loan, partially offset by lower gains on the sale of government guaranteed SBA loans compared to the prior quarter. Compared to the same quarter last year, the $0.8 million increase in noninterest income was primarily related to the additional late fees during the quarter and increases in wire transfers, ACH fees on deposit payment transactions, partially offset by lower gains on the sale of government guaranteed SBA loans and lower loan prepayment fees.

Noninterest expenses totaled $9.0 million for the third quarter of 2026, compared to $8.4 million in the second quarter of 2026 and $6.6 million in the third quarter of 2025. Compared to the second quarter of 2026, the increase of $0.6 million primarily relates to a $0.3 million increase in employee compensation expenses, $0.2 million in higher data processing costs, and $0.1 million in higher regulatory assessment expense. Compared to the third quarter of 2025, the increase of $2.4 million includes increases of $1.6 million, $0.4 million, $0.2 million, and $0.2 million in employee compensation expenses, data processing, regulatory assessment expenses, and other expenses, respectively.

The following table depicts the components of noninterest expenses (unaudited) for the quarterly periods presented:

	Quarterly Trends										3Q26 change vs
(Dollars in thousands)	3Q26		2Q26		1Q26		4Q25		3Q25		2Q26			3Q25
Noninterest expenses
Salaries and employee benefits	$	5,592	$	5,279	$	4,988	$	3,672	$	4,004	$	313		$	1,588
Professional fees		295		363		295		333		276		(68	)		19
Occupancy and equipment		355		354		338		328		327		1			28
Data processing		1,160		986		914		794		788		174			372
Regulatory assessment		318		196		179		161		126		122			192
Losses on sale and write-downs of other real estate owned		-		-		5		54		-		-			-
Other		1,276		1,204		1,287		1,401		1,083		72			193
Total noninterest expenses	$	8,996	$	8,382	$	8,006	$	6,743	$	6,604	$	614		$	2,392

Income tax expense was $2.4 million for the third quarter of 2026 compared to $2.2 million in the second quarter of 2026 and $1.3 million in the third quarter of 2025. The effective tax rate for the quarter was 24.9%, compared to 24.7% in the prior quarter and 23.7% from the prior year comparative quarter.

Balance Sheet

Total assets were $1.58 billion as of September 30, 2026, increasing from $1.40 billion at June 30, 2026, and up from $1.08 billion at September 30, 2025. The quarter-over-quarter growth of $175.2 million was primarily attributable to a $148.4 million increase in net loans and a $27.9 million increase in cash and cash equivalents.

Cash and cash equivalents at September 30, 2026, were $174.1 million, which increased from $146.2 million at June 30, 2026, and decreased from $235.1 million at September 30, 2025.

Investment securities (debt securities available for sale and held-to-maturity) at September 30, 2026, were $25.7 million, compared to $26.9 million at June 30, 2026, and $23.2 million at September 30, 2025. There were no investment security purchases during the third quarter of 2026. No sales of investment securities were reported during these periods.

Total gross loans at September 30, 2026, were $1.37 billion, an increase from $1.22 billion at June 30, 2026, and up from $813.7 million at September 30, 2025. Gross loans increased during the quarter reflecting growth across all portfolio segments, with notably stronger growth in commercial real estate and residential loans. Compared to September 30, 2025, the gross loan portfolio increased by $553.6 million, reflecting growth primarily in commercial real estate.

The allowance for credit losses (“ACL”) was $12.1 million at September 30, 2026, representing 0.89% of total loans, compared to 0.91% at June 30, 2026. The ACL balance saw an increase from $11.0 million and $10 million at June 30, 2026 and September 30, 2025, respectively. The quarter-over-quarter increase of $1.1 million was primarily driven by loan growth during the quarter partially offset by a decline of $0.7 million for the specific reserves due primarily to the resolution and payoff of a previously reported nonaccrual loan. The ACL ratio reflects continued credit discipline and a well-diversified loan portfolio.

The following table presents the components of the ACL (unaudited) as of the dates indicated:

																September 30, 2026 change vs
	September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			September 30,
	2026			2026			2026			2025			2025			2026			2025
Beginning balance	$	11,020		$	11,061		$	10,273		$	10,018		$	9,338		$	(41	)	$	1,682
Credit loss expense (reversal) - funded		1,111			(30	)		791			389			639			1,141			472
Charge-offs		(40	)		(50	)		(44	)		(201	)		(129	)		30			109
Recoveries		29			39			41			67			170			(30	)		(161	)
Ending balance	$	12,120		$	11,020		$	11,061		$	10,273		$	10,018		$	1,100		$	2,102

Nonperforming assets (“NPA”) reflected strong asset quality at September 30, 2026. Nonaccrual loans decreased to $1.8 million from $2.2 million at June 30, 2026, and $3.0 million at September 30, 2025. The $0.3 million decrease from June 30, 2026 was due to a payoff of a previously reported $1.0 million nonaccrual loan partially offset by the addition of $0.7 million of other nonaccrual loans during the quarter. The $1.2 million decrease from September 30, 2025, primarily reflects payoffs of previously recorded commercial nonaccrual loans. The Company did not report any other real estate owned (“OREO”) properties at September 30, 2026 or June 30, 2026. Compared to September 30, 2025, OREO declined $0.6 million with the resolution of a previously reported asset during the first quarter of 2026. At September 30, 2026, there were no loans accruing interest that were 90 days or more past due. Additionally, the Company did not report any modified loans to borrowers experiencing financial difficulty during the third quarter of 2026.

Total deposits at September 30, 2026, were $1.34 billion, an increase from $1.21 billion at June 30, 2026, and an increase from $959.5 million at September 30, 2025. The increase from June 30, 2026, was attributable to increases in all deposit categories, including a $62.3 million, or 19.5% sequential increase in noninterest-bearing demand deposits and a $34.2 million, or 8.9% sequential increase in savings, NOW, and money market deposits. The increase from September 30, 2025, was also attributable to increases in all deposit categories, most notably a 61.6% increase in time deposits and a 21.6% increase in noninterest-bearing demand deposits. The Company continues to maintain a diverse and stable funding base.

Accumulated other comprehensive loss (“AOCL”) was $5.5 million at September 30, 2026, compared to $4.8 million at June 30, 2026, and $4.8 million at September 30, 2025. AOCL increased by $0.6 million quarter-over-quarter and $0.7 million year-over-year, primarily due to the increase in mid-to-long-term interest rates impacting the fair value of available-for-sale securities. All AOCL amounts represent unrealized gains and losses, net of applicable income taxes, and have no impact on reported earnings or regulatory capital.

Shareholders’ equity was $149.4 million as of September 30, 2026, compared to $134.4 million as of June 30, 2026, and $116.9 million as of September 30, 2025. The increase during the third quarter was principally attributable to net income of $7.2 million, $5.1 million in additional equity through private stock sales issued by the Company, $3.4 million in additional equity through the Company’s ATM program, partially offset by the $0.6 million increase in AOCL.

Earnings Per Share (“EPS”) for the quarter-ended September 30, 2026, was $0.30 per basic and diluted share, compared to $0.40 per basic share and $0.28 per diluted share for the quarter-ended June 30, 2026, and $0.37 per basic share and $0.18 per diluted share for the quarter-ended September 30, 2025. The increase in diluted earnings per share compared to the prior periods was primarily driven by growth in net income, which increased from $4.3 million for the quarter-ended September 30, 2025, to $7.2 million for the quarter-ended September 30, 2026.

Diluted earnings per share for prior periods have been retrospectively adjusted to reflect the amended conversion rights of the Series B Convertible Preferred Stock, which became effective during the third quarter of 2025, to ensure comparability.

Additionally, during the second quarter of 2026, the Company amended its Articles of Incorporation to authorize a new class of Nonvoting Common Stock and exchanged all outstanding Series B and Series C Convertible Preferred Stock for an aggregate of 11,458,351 shares of Nonvoting Common Stock. The creation of the Nonvoting Common Stock allowed the Company to simplify its capital structure by eliminating the outstanding convertible preferred stock while preserving the existing voting structure of the Company. Because the Series B and Series C Convertible Preferred Stock had already been reflected in the Company’s diluted weighted-average share count under the if-converted method, the exchange did not materially affect diluted earnings per share or further dilute existing shareholders’ ownership interests. The primary impact was on the weighted-average common shares used in the calculation of basic earnings per share, as the exchange occurred during the second quarter and basic EPS for the prior quarter reflects the timing of the conversion.

Accordingly, this release presents both basic and diluted earnings per share to facilitate comparability with prior periods and to reflect the transition in the Company’s capital structure. Absent future dilutive securities or other changes in the Company’s capital structure, the Company expects basic and diluted earnings per share to be equivalent, as reflected in the current quarter’s results.

Although GAAP accounting generally presents book value based on common shares outstanding, the Company believes a more comprehensive measure of shareholder value is on a fully diluted basis.

Tangible book value per diluted share was $5.98 at September 30, 2026, up $0.33 per share, or 23.2% annualized from $5.65 at June 30, 2026 on a fully diluted basis, and up $1.01, or 20.3% from $4.97 at September 30, 2025. This is based on total common shares outstanding of 24,985,327 at September 30, 2026 (up from 23,799,136 shares on a fully diluted basis at June 30, 2026, and up from 23,523,473 shares on a fully diluted basis at September 30, 2025). Common shares totaling 452,725 were issued in the quarter-ended September 30, 2026, through the Company’s ATM offering and an additional 733,466 were issued via private stock sales during the quarter. The increase in tangible book value per diluted share reflects strong quarterly earnings performance and overall capital strength.

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release which are not statements of historical fact are forward-looking statements within the meaning of, and subject to the protection of, the federal securities laws. Forward looking statements include, among others, statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, many of which are beyond our control and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements made in this press release. You can identify forward-looking statements through our use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “predicts,” “could,” “should,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions. Forward-looking statements are based on our current beliefs and expectations and are subject to significant risks and uncertainties. Accordingly, we caution you not to place undue reliance on such statements. We undertake no obligation to update or revise any of our forward-looking statements for events or circumstances that arise after the statement is made, except as otherwise may be required by law. Factors that could cause actual results to differ materially include, among others: changes in interest rates and economic conditions, particularly in Florida; the concentration of our loan portfolio in commercial real estate; credit quality and the adequacy of our allowance for credit losses; our ability to manage growth; deposit concentrations and liquidity; our ability to service our subordinated notes and the borrowings of our non-bank subsidiaries; competition; changes in laws and regulations; and the other factors described in our filings with the Securities and Exchange Commission.

Investor Relations & Corporate Relations

Contact: Seth Denison

Telephone: (305) 401-4140

Email: SDenison@OptimumBank.com

OptimumBank Holdings, Inc.

Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

																September 30, 2026 change vs
	September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			September 30,
	2026			2026			2026			2025			2025			2026			2025
Assets
Cash and due from banks	$	14,056		$	14,637		$	15,074		$	9,349		$	9,271		$	(581	)	$	4,785
Interest-bearing deposits with banks		160,040			131,601			124,942			105,210			225,815			28,439			(65,775	)
Total cash and cash equivalents		174,096			146,238			140,016			114,559			235,086			27,858			(60,990	)
Debt securities available for sale		25,473			26,646			27,044			25,184			22,926			(1,173	)		2,547
Debt securities held-to-maturity		203			208			212			214			246			(5	)		(43	)
Loans, net of allowance for credit losses		1,352,805			1,204,381			1,078,533			947,294			802,812			148,424			549,993
Federal Home Loan Bank stock		1,253			1,966			2,678			3,028			658			(713	)		595
Premises and equipment, net		3,045			3,132			2,797			2,490			2,308			(87	)		737
Other real estate owned		-			-			-			551			605			-			(605	)
Right-of-use lease assets		2,298			2,405			2,511			2,617			2,725			(107	)		(427	)
Accrued interest receivable		5,111			4,862			3,994			3,621			3,171			249			1,940
Deferred tax asset		3,379			3,143			3,116			3,108			3,238			236			141
Other assets		8,437			7,956			7,834			9,012			9,268			481			(831	)
Total assets	$	1,576,100		$	1,400,937		$	1,268,735		$	1,111,678		$	1,083,043		$	175,163		$	493,057
Liabilities and Stockholders’ Equity
Liabilities
Noninterest-bearing demand deposits	$	381,667		$	319,375		$	304,887		$	266,520		$	313,973		$	62,292		$	67,694
Savings, NOW and money-market deposits		417,512			383,297			345,494			306,921			309,087			34,215			108,425
Time deposits		543,647			511,373			442,502			358,309			336,427			32,274			207,220
Total deposits		1,342,826			1,214,045			1,092,883			931,750			959,487			128,781			383,339
Federal Home Loan Bank advances		10,000			25,000			40,000			50,000			-			(15,000	)		10,000
Operating lease liabilities		2,447			2,547			2,647			2,745			2,846			(100	)		(399	)
Subordinated Debt		34,374			-			-			-			-			34,374			34,374
Other Borrowings		26,554			14,000			-			-			-			12,554			26,554
Other liabilities		10,510			10,965			6,357			5,286			3,822			(455	)		6,688
Total liabilities		1,426,711			1,266,557			1,141,887			989,781			966,155			160,154			460,556
Stockholders’ equity
Preferred stock		-			-
Series B Convertible Preferred		-			-			-			-			-			-			-
Series C Convertible Preferred		-			-			-			-			-			-			-
Preferred stock, value		-			-			-			-			-			-			-
Common stock		135			124			122			115			119			11			16
Nonvoting Common stock		115			115			-			-			-			-			115
Additional paid-in capital		122,304			113,832			112,993			112,578			112,574			8,472			9,730
Retained earnings (accumulated deficit)		32,291			25,119			18,464			13,801			8,948			7,172			23,343
Accumulated other comprehensive loss		(5,456	)		(4,810	)		(4,731	)		(4,597	)		(4,753	)		(646	)		(703	)
Total stockholders’ equity		149,389			134,380			126,848			121,897			116,888			15,009			32,501
Total liabilities and stockholders’ equity	$	1,576,100		$	1,400,937		$	1,268,735		$	1,111,678		$	1,083,043		$	175,163		$	493,057

OptimumBank Holdings, Inc.

Consolidated Statements of Earnings - Quarterly (Unaudited)

(Dollars in thousands, except per share amounts)

	Quarterly Trends											3Q26 change vs
	3Q26		2Q26			1Q26		4Q25		3Q25		2Q26			3Q25
Interest income
Loans	$	23,451	$	20,386		$	18,114	$	15,437	$	14,082	$	3,065		$	9,369
Debt securities		201		204			191		164		153		(3	)		48
Other		1,460		1,134			1,148		1,837		2,086		326			(626	)
Total interest income		25,112		21,724			19,453		17,438		16,321		3,388			8,791

Interest expense
Deposits		7,334		6,633			6,176		5,561		5,273		701			2,061
Borrowings		680		394			87		6		-		286			680
Interest on subordinated debt		317		-			-		-		-		317			317
Total interest expense		8,331		7,027			6,263		5,567		5,273		1,304			3,058

Net interest income		16,781		14,697			13,190		11,871		11,048		2,084			5,733

Credit loss expense (reversal)		1,066		(37	)		770		398		763		1,103			303
Net interest income after credit loss expense (reversal)		15,715		14,734			12,420		11,473		10,285		981			5,430

Noninterest income
Service charges and fees		1,607		1,551			1,313		1,268		1,252		56			355
Other		1,229		935			471		459		730		294			499
Total noninterest income		2,836		2,486			1,784		1,727		1,982		350			854

Noninterest expenses
Salaries and employee benefits		5,592		5,279			4,988		3,672		4,004		313			1,588
Professional fees		295		363			295		333		276		(68	)		19
Occupancy and equipment		355		354			338		328		327		1			28
Data processing		1,160		986			914		794		788		174			372
Regulatory assessment		318		196			179		161		126		122			192
Losses on sale and write-downs of other real estate owned		-		-			5		54		-		-			-
Other		1,276		1,204			1,287		1,401		1,083		72			193
Total noninterest expenses		8,996		8,382			8,006		6,743		6,604		614			2,392

Income before income taxes		9,555		8,838			6,198		6,457		5,663		717			3,892

Income taxes		2,383		2,183			1,535		1,604		1,340		200			1,043
Net Income	$	7,172	$	6,655		$	4,663	$	4,853	$	4,323	$	517		$	2,849

Earnings per share - Basic	$	0.30	$	0.40		$	0.39	$	0.42	$	0.37	$	(0.11	)	$	(0.07	)
Earnings per share - Diluted	$	0.30	$	0.28		$	0.20	$	0.21	$	0.18	$	0.02		$	0.12

OptimumBank Holdings, Inc.

Consolidated Statements of Earnings – Nine Months Ended (Unaudited)

(Dollars in thousands, except per share amounts)

	Nine Months Ended
	September 30,
	2026		2025		Change
Interest income
Loans	$	61,953	$	41,709	$	20,244
Debt securities		597		471		126
Other		3,742		4,736		(994	)
Total interest income		66,292		46,916		19,376

Interest expense
Deposits		20,143		15,873		4,270
Borrowings		1,161		327		834
Interest on subordinated debt		317		-		317
Total interest expense		21,621		16,200		5,421

Net interest income		44,671		30,716		13,955

Credit loss expense		1,799		1,638		161
Net interest income after credit loss expense		42,872		29,078		13,794

Noninterest income
Service charges and fees		4,470		3,389		1,081
Other		2,636		1,658		978
Total noninterest income		7,106		5,047		2,059

Noninterest expenses
Salaries and employee benefits		15,860		11,123		4,737
Professional fees		953		798		155
Occupancy and equipment		1,048		903		145
Data processing		3,060		1,946		1,114
Regulatory assessment		693		526		167
Other		3,773		3,115		658
Total noninterest expenses		25,387		18,411		6,976

Income before income taxes		24,591		15,714		8,877

Income taxes		6,101		3,919		2,182
Net Income	$	18,490	$	11,795	$	6,695

Earnings per share - Basic	$	1.05	$	1.00	$	0.05
Earnings per share - Diluted	$	0.78	$	0.50	$	0.28

OptimumBank Holdings, Inc.

Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (QTD) (Unaudited)

(Dollars in thousands, except average yields/rates)

	Three Months Ended September 30,
	3Q26							2Q26							3Q25
			Interest		Average					Interest		Average					Interest		Average
	Average		and		Yield/			Average		and		Yield/			Average		and		Yield/
	Balance		Dividends		Rate⁽¹⁾			Balance		Dividends		Rate⁽⁵⁾			Balance		Dividends		Rate⁽⁵⁾
Interest-earning assets
Loans	$	1,257,377	$	23,451		7.40	%	$	1,141,791	$	20,386		7.16	%	$	800,336	$	14,082		7.04	%
Securities		26,397		201		3.02	%		27,042		204		3.03	%		22,695		153		2.70	%
Other (2)		154,139		1,460		3.76	%		121,282		1,134		3.75	%		188,109		2,086		4.44	%

Total interest-earning assets/interest income		1,437,913		25,112		6.93	%		1,290,115		21,724		6.75	%		1,011,140		16,321		6.46	%

Cash and due from banks		15,072							14,702							9,557
Premises and equipment		3,114							2,825							2,414
Other		4,776							4,025							5,209

Total assets	$	1,460,875						$	1,311,667						$	1,028,320

Interest-bearing liabilities
Savings, NOW and money-market deposits	$	403,727	$	2,470		2.43	%	$	367,750	$	2,168		2.36	%	$	286,156	$	1,800		2.52	%
Time deposits		493,478		4,864		3.91	%		462,792		4,465		3.87	%		320,800		3,473		4.33	%
Subordinated debt		16,080		317		7.82	%		-		-		-			-		-		-
Borrowings (3)		9,674		97		3.98	%		12,685		118		3.73	%		-		-		-
Notes Payable		22,904		583		10.10	%		10,770		276		10.28	%		-		-		-

Total interest-bearing liabilities/interest expense		945,863		8,331		3.49	%		853,997		7,027		3.30	%		606,956		5,273		3.48	%

Noninterest-bearing demand deposits		359,783							314,858							298,670
Other liabilities		12,867							11,584							8,687
Stockholders’ equity		142,362							131,228							114,007

Total liabilities and stockholders’ equity	$	1,460,875						$	1,311,667						$	1,028,320

Net interest income			$	16,781						$	14,697						$	11,048

Interest-rate spread (4)						3.43	%						3.45	%						2.98	%

Net interest margin (5)						4.63	%						4.57	%						4.37	%

Ratio of average interest-earning assets to average interest-bearing liabilities		1.52							1.51							1.67

(1)	Annualized.
(2)	Includes interest-earning deposits with banks, Federal Funds Sold and Federal Home Loan Bank stock dividends.
(3)	Includes Federal Home Loan Bank, and other borrowings.
(4)	Interest rate spread represents the difference between average yield on interest-earning assets and the average cost of interest-bearing liabilities.
(5)	Net interest margin is net interest income divided by average interest-earning assets.

OptimumBank Holdings, Inc.

Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (YTD) (Unaudited)

(Dollars in thousands, except average yields/rates)

	Nine Months Ended September 30,
	2026							2025
			Interest		Average					Interest		Average
	Average		and		Yield/			Average		and		Yield/
	Balance		Dividends		Rate(1)			Balance		Dividends		Rate⁽¹⁾
Interest-earning assets
Loans	$	1,146,917		61,953		7.22	%	$	800,117	$	41,709		6.95	%
Securities		26,655		597		2.99	%		22,785		471		2.76	%
Other (2)		133,089		3,742		3.76	%		143,171		4,736		4.41	%

Total interest-earning assets/interest income		1,306,661		66,292		6.78	%		966,073		46,916		6.48	%

Cash and due from banks		13,436							12,078
Premises and equipment		2,874							2,297
Other		4,473							4,383

Total assets	$	1,327,444						$	984,831

Interest-bearing liabilities
Savings, NOW and money-market deposits	$	368,765		6,533		2.37	%	$	281,207	$	5,293		2.51	%
Time deposits		464,158		13,610		3.92	%		321,011		10,580		4.39	%
Subordinated debt		5,360		317		7.91	%		-		-		-
Borrowings (3)		10,481		305		3.89	%		11,482		327		3.80	%
Notes Payable		11,263		856		10.16	%		-		-		-

Total interest-bearing liabilities/interest expense		860,027		21,621		3.36	%		613,700		16,200		3.52	%

Noninterest-bearing demand deposits		323,757							253,000
Other liabilities		10,766							8,284
Stockholders’ equity		132,894							109,847

Total liabilities and stockholders’ equity	$	1,327,444						$	984,831

Net interest income				44,671						$	30,716

Interest-rate spread (4)						3.42	%						2.96	%

Net interest margin (5)						4.57	%						4.24	%

Ratio of average interest-earning assets to average interest-bearing liabilities		1.52							1.57

(1)	Annualized.
(2)	Includes interest-earning deposits with banks, Federal Funds Sold and Federal Home Loan Bank stock dividends.
(3)	Includes Federal Home Loan Bank, and other borrowings.
(4)	Interest rate spread represents the difference between average yield on interest-earning assets and the average cost of interest-bearing liabilities.
(5)	Net interest margin is net interest income divided by average interest-earning assets.

OptimumBank Holdings, Inc.

Segments of Loans Analysis (Unaudited)

(Dollars in thousands)

																September 30, 2026 change vs
	September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			September 30,
	2026			2026			2026			2025			2025			2026			2025
Residential real estate	$	107,058		$	78,268		$	73,130		$	74,018		$	66,723		$	28,790		$	40,335
Multi-family real estate		56,817			52,551			63,655			65,693			67,435			4,266			(10,618	)
Commercial real estate		996,528			905,174			790,238			666,508			524,865			91,354			471,663
Land and construction		57,786			46,290			41,000			36,212			43,364			11,496			14,422
Commercial		59,184			51,389			46,127			48,196			45,604			7,795			13,580
Consumer		89,945			83,412			76,744			68,166			65,731			6,533			24,214
Total loans		1,367,318			1,217,084			1,090,894			958,793			813,722			150,234			553,596
Deduct:
Net deferred loan fees and costs		(2,393	)		(1,683	)		(1,300	)		(1,227	)		(892	)		(710	)		(1,501	)
Allowance for credit losses		(12,120	)		(11,020	)		(11,061	)		(10,273	)		(10,018	)		(1,100	)		(2,102	)
Loans, net	$	1,352,805		$	1,204,381		$	1,078,533		$	947,293		$	802,812		$	148,424		$	549,993

Explanation of Certain Unaudited Non-GAAP Financial Measures

This press release contains financial information determined by methods other than Generally Accepted Accounting Principles (“GAAP”). Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance. The Company believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP.

Non-GAAP Reconciliations

Pre-tax, Pre-provision earnings

(Dollars in thousands)	3Q26		2Q26			1Q26		4Q25		3Q25
Net Income (GAAP)	$	7,172	$	6,655		$	4,663	$	4,853	$	4,323
Plus: Income Tax Expense		2,383		2,183			1,535		1,604		1,340
Plus: Credit Loss Expense (Reversal)		1,066		(37	)		770		398		763
Pre-tax, Pre-provision earnings (Non-GAAP)	$	10,621	$	8,801		$	6,968	$	6,855	$	6,426

Tangible Book Value Per Common Share and Per Fully Diluted Share (Unaudited)

(Dollars in thousands, except per share amounts)	3Q26		2Q26		1Q26		4Q25		3Q25
Total Stockholders’ (GAAP) and Tangible Common Equity	$	149,389	$	134,380	$	126,848	$	121,897	$	116,888
Common Shares Outstanding - Voting		13,527		12,341		12,167		11,534		11,884
Common Shares Outstanding - Nonvoting		11,458		11,458		-		-		-
Total Common Shares		24,985		23,799		12,167		11,534		11,884
Effect of conversion of series B preferred shares if converted		-		-		10,582		11,114		11,114
Effect of conversion of series C preferred shares if converted		-		-		876		876		526
Total Diluted Shares		24,985		23,799		23,625		23,524		23,524

Tangible Book Value per Common Share	$	5.98	$	5.65	$	10.43	$	10.57	$	9.84
Tangible Book Value per Share - Diluted	$	5.98	$	5.65	$	5.37	$	5.18	$	4.97

Efficiency Ratio:

(Dollars in thousands)		3Q26			2Q26			1Q26			4Q25			3Q25
Noninterest Expense (GAAP)	$	8,996		$	8,382		$	8,006		$	6,743		$	6,604

Net Interest Income (GAAP)		16,781			14,697			13,190			11,871			11,048
Noninterest Income (GAAP)		2,836			2,486			1,784			1,727			1,982
Total Revenue (Non-GAAP)	$	19,617		$	17,183		$	14,974		$	13,598		$	13,030

Efficiency Ratio⁽¹⁾		45.86	%		48.78	%		53.47	%		49.59	%		50.68	%