OptimumBank 2023 net income $7.3M; assets up 36% to $791M; SBA lending goal $50M

OptimumBank Holdings, Inc.

2023-FY EPS reported $0.87

Net income for the Bank was $7,254,285 in 2023; shareholder equity $70M.
Total assets reached $791M, up 35.53% from $584M; loan portfolio grew 40.69% to $680M.
Secured lending limit $18.7M, unsecured $11.2M.
New national SBA lending program expected $50M in closings in 2024; $20M accounts receivable credit lines provided to Skilled Nursing Facilities.

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 0.95

OptimumBank Holdings, Inc. reported FY2023 results: net income $7,254,285.

Period: FY2023
Net income: $7,254,285
Result: preliminary results

Exact text from the filing

ended the year with net income of $13,808,107 before credit loss and tax expenses, or $7,254,285 including those expenses.

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OptimumBank Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-004936

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