OptimumBank assets exceed $755.7M; core earnings up to $1.41M; SBA lending approved

OptimumBank Holdings, Inc.

Total assets reached $755.7M as of Oct 2023, up $43M from prior month; net loans increased $26M.
Core earnings (non-GAAP) for Oct 2023 were $1,410,900, up from $963,215 at Dec 2022.
SNF loan portfolio grew to over $28M since entering that business last year.
Approved for SBA lending; closed first $300K loan, $15M pipeline, targeting $50M in SBA loans in 2024.
Net income for Oct 2023 was $749,888 versus $540,836 at Dec 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OptimumBank Holdings, Inc. reported financial results for the month ended October 31, 2023.

Period: the month ended October 31, 2023
Result: reported results

Exact text from the filing

On December 8, 2023, OptimumBank Holdings, Inc. issued a press release describing aspects of its results of operations for the month ended October 31, 2023.

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OptimumBank Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-044134

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