Earnings ·
OptimumBank Holdings, Inc. reported second quarter 2026 net income of $6.7 million, or $0.40 per basic share, and…
OPHCOptimumBank Holdings, Inc.
OptimumBank Holdings, Inc. reported second quarter 2026 net income of $6.7 million, or $0.40 per basic share, and $0.28 per diluted share, increasing from $4.7 million and $0.20 per diluted share in the first quarter of 2026. For the six months ended June 30, 2026, net income reached $11.3 million. Growth was driven by an $8.2 million improvement in net interest income and a $1.2 million increase in noninterest income. Total assets grew to $1.4 billion, while gross loans increased by $126.2 million to $1.2 billion. Total deposits rose to $1.2 billion. The company also completed a capital structure simplification by exchanging all outstanding Series B and Series C convertible preferred stock for 11,458,351 shares of nonvoting common stock. OptimumBank Holdings, Inc. is a financial holding company that operates a commercial bank.