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OptimumBank Holdings, Inc. Financial Performance for the Second Quarte...
OptimumBank Holdings, Inc. Financial Performance for the Second Quarter of 2025 Fort Lauderdale, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NYSE American: OPHC) (the “Company”) is a one-bank holding company and owns 100% of OptimumBank (the “Bank”). The Company is pleased to announce net earnings of $3.60 million, or $0.31 per basic share, and $0.29 per diluted share, for the second quarter of 2025. This compares to net income of $3.87 million, or $0.33 per basic share, and $0.32 per diluted share, for the first quarter of 2025, and $3.50 million net earnings, or $0...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Resignation of Boar...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Resignation of Board Member Fort Lauderdale, FL, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Board member Martin Schmidt has informed the boards of OptimumBank (the “Bank”), and OptimumBank Holding, Inc. (the “Company”), that he will resign from both boards, effective January 28, 2025. Mr. Schmidt will remain fully supportive of the continued success of the Bank and Company. Mr. Schmidt resides in South Florida and has served as a Director since August 2015. Mr. Schmidt’s significant experience in the financial services industry helped the board t...
OPTIMUM BANKHOLDINGS TRANSFERS LISTING OF COMMON STOCK TO THE NYSE AME...
OPTIMUM BANKHOLDINGS TRANSFERS LISTING OF COMMON STOCK TO THE NYSE AMERICAN Fort Lauderdale, FL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) (“OptimumBank” or the “Company”) today announced today that it is transferring the listing of its common stock to the NYSE American from The Nasdaq Stock Market LLC (“Nasdaq”). OptimumBank’s common stock is expected to begin trading on the NYSE American on December 31, 2024, under the ticker symbol of “OPHC.” The Company expects its common stock to continue to trade on Nasdaq until the close of the market on December ...
OptimumBank Holdings, Inc. Financial Performance for the Third Quarter...
OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2024 Fort Lauderdale, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) (“OptimumBank” or the “Company”) today reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and ...
Two Weeks Away, Two Panels, One Place: The Best of the Best in Economi...
Two Weeks Away, Two Panels, One Place: The Best of the Best in Economics at the Inaugural Virtual Banking Conference on September 12, 2024, via Live Webcast FT. LAUDERDALE, Fla., Aug. 29, 2024 (GLOBE NEWSWIRE) -- OptimumBank’s (Nasdaq: OPHC) industry leading event is just two weeks away, September 12, 2024. The conference will be streamed live on the web, setting the stage as a premier gathering within the finance and economic industries. Top-tier market experts will discuss the current US budget deficit, the direction of interest rates, inflationary and deflationary trends and concerns s...
OptimumBank Announces New Participants at the Inaugural Virtual Bankin...
OptimumBank Announces New Participants at the Inaugural Virtual Banking Conference on September 12, 2024, via Live Webcast FT. LAUDERDALE, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- OptimumBank (Nasdaq: OPHC), announced today that with four weeks until it holds its industry leading event, new participants have been added to the extraordinary roster. OptimumBank’s Virtual Banking Conference, is slated for Thursday, September 12, 2024. The conference will be streamed live on the web, setting the stage as a premier gathering within the finance and economic industries. Top-tier market experts wi...
OptimumBank Holding, Inc. Financial Performance for the Second Quarter...
OptimumBank Holding, Inc. Financial Performance for the Second Quarter of 2024 Fort Lauderdale, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) (“OptimumBank” or the “Company”) today reported strong financial performance for the second quarter of 2024. For the three months ended June 30, 2024, the Company achieved net income of $3.5 million, or $.36 per basic share and $0.34 per diluted share, compared to net income of $1.3 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profi...
OptimumBank to Host Inaugural Virtual Banking Conference on September ...
OptimumBank to Host Inaugural Virtual Banking Conference on September 12, 2024, via Live Webcast FT. LAUDERDALE, Fla., July 15, 2024 (GLOBE NEWSWIRE) -- OptimumBank (Nasdaq: OPHC), announced today that in collaboration with and , it will hold its upcoming milestone event, OptimumBank’s Virtual Banking Conference, slated for Thursday, September 12, 2024. The conference will be streamed live on the web, setting the stage as a premier gathering within the finance industry. Top-tier market experts will discuss the current US budget deficit, the direction of interest rates, inflationary and de...
OptimumBank Holdings, Inc. To Hold Annual Shareholder Meeting and Inve...
OptimumBank Holdings, Inc. To Hold Annual Shareholder Meeting and Investor Day, Wednesday, May 29, 2024 at its Headquarters in Ft. Lauderdale, Florida FT. LAUDERDALE, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: OPHC), announced today that it will hold the Annual Shareholder Meeting and Investor Day, on Wednesday, May 29, 2024, at the Company’s headquarters in Ft. Lauderdale, Florida, as well as virtually by way of this , beginning at 10:00 am ET. If you are interested in attending, or participating virtually, please register at the link above or by emailing your contact information t...
OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces Fir...
OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces First Quarter Results Fort Lauderdale, FL, May 16, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ: OPHC) The Company had net earnings of $2.377 million for the 1st quarter ended March 31, 2024, compared with net earnings of $1.153 million for the 1st quarter ended March 31, 2023, an increase of 106%; in conjunction with $83 million of Stockholders’ equity. The Company’s only business is the ownership and operation of OptimumBank. To support future growth, the Company issued 2,311,552 common shares in a privat...
OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces Ful...
OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces Full Year Results Fort Lauderdale, FL, March 12, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ: OPHC) The Company had net earnings of $6.3 million for the year ended December 31, 2023, compared to net earnings of $4.0 million for the year ended December 31, 2022 an increase of 56%; and with $70 million of Stockholders’ equity. The Company’s only business is the ownership and operation of OptimumBank. To facilitate growth, the Company issued 72,221 shares of its common stock in a private placement transaction...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces 2023 Full Year Resu...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces 2023 Full Year Results for OptimumBank (the “Bank”) Fort Lauderdale, FL, Feb. 05, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ: OPHC) (the “Bank”) ended the year with net income of $13,808,107 before credit loss and tax expenses, or $7,254,285 including those expenses. At December 31, 2023, the Bank had shareholder equity amounting to $70 million. The Bank has been growing assets year over year and ended 2023 at $791,052,397, 35.53% larger than the prior year of $583,693,724. The Bank’s loan portfolio increased 40.69% to ...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments per...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments pertaining to the Board’s Strategic Planning - “A successful roadmap for growing our Bank” Fort Lauderdale, FL, Dec. 08, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ: OPHC) a (the “Company”) ended the month of October 2023 with assets exceeding $755.7 million, an increase of $43 million as compared to $712.7 million in the prior month. The net change in total assets was partially driven by a $26 million increase in net loans. Since the Company announced entry into Accounts Receivable Financing to Skilled Nu...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Third Quarter Earni...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Third Quarter Earnings Fort Lauderdale, FL, Nov. 09, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) and subsidiary OptimumBank today announced the company’s total assets increased by approximately $128 million to $713 million as of September 30, 2023 from $585 million at December 31, 2022, primarily due to increases in loans, cash and cash equivalents. The growth in assets was attributable to the success of the Company’s efforts to increase loans that were funded by increased deposits from new customers. Net loans grew...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments per...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments pertaining to the Board’s strategic planning - “A successful roadmap for growing our Bank” Fort Lauderdale, FL, Oct. 06, 2023 (GLOBE NEWSWIRE) -- OptimumBank, a Florida banking corporation (the “Bank”) and wholly-owned subsidiary of OptimumBank Holdings, Inc., ended the third quarter of 2023 with assets exceeding $712 million. Relieved from certain regulatory constraints in 2019, the Board and Management created a Strategic Plan which provided the roadmap for growing the size and profitability of OptimumBank and developing...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Second Quarter Earn...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Second Quarter Earnings Fort Lauderdale, FL, Aug. 10, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) and subsidiary OptimumBank today announced the company’s total assets increased by approximately $47 million to $633 million as of June 30, 2023 from $585 million at December 31, 2022, primarily due to increases in loans, and cash and cash equivalents. The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers. Net loans grew by $42 million to $519 mil...
Chairman’s Comments for the Annual Shareholder Meeting June 27, 2023
Chairman’s Comments for the Annual Shareholder Meeting June 27, 2023 Fort Lauderdale, FL, June 28, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) Similar to my comments at last year’s Annual Shareholder meeting, I want to focus today on our past year’s results and discuss our expectations for the remainder of 2023. 2022 was a great year for us, as we had a full year of normalized results. There was barely any income from any one-time events, and we saw our net income pre-tax and pre-allowance jump over 74%. We will discuss earnings later, but our story today is still a...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Earni...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Earnings Fort Lauderdale, FL, May 26, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ: OPHC) and subsidiary OptimumBank today announced the company’s total assets increased by approximately $37 million to $622 million as of March 31, 2023, from $585 million at December 31, 2022, primarily due to increases in loans, and cash and cash equivalents. The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers. Net loans grew by $18 million. Deposits g...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Resul...
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Results for OptimumBank Fort Lauderdale, FL, May 11, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ). OptimumBank, a Florida banking corporation (the “Bank”) reports in first quarter of 2023 a pre-tax income of $1,885,000, after a loan loss provision of $765,000. Its loan portfolio increased this quarter to $502 million, or by 4% over the prior quarter’s ending balance amount of $483 million. Despite the Federal Reserve raised the federal funds rate multiple times throughout last year, the Bank’s net intere...
OptimumBank (the "Bank") Announces OptimumBank’s Entry into SMALL BUSI...
OptimumBank (the "Bank") Announces OptimumBank’s Entry into SMALL BUSINESS ADMINISTRATION (SBA) National Lending Fort Lauderdale, FL, Feb. 22, 2023 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (OPHC-NASDAQ). OptimumBank is excited to announce its entry into providing government loans to small and middle market companies. President and Chief Executive Officer Tim Terry, has selected Chris Tomlinson to head the division as Vice President, SBA Director. Mr. Tomlinson started his career in 2005, as a financial business specialist and has served in various commercial banking positions. Chris...
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