OptimumBank Q3 net income $3.3M, EPS $0.34; net interest income +51.5% YoY

OptimumBank Holdings, Inc.

2024-Q3 EPS reported $0.98

Net income rose to $3.3M ($0.34 basic, $0.32 diluted) from $1.2M ($0.18) in Q3 2023.
Net interest income increased 51.5% to $8.962M; net interest margin improved to 3.96% from 3.79%.
Noninterest income up 22.4% to $1.115M, driven by service charges and other income.
Gross loans grew 14.4% to $778M; total deposits rose 26.1% to $806.5M vs Dec 2023.
Tier 1 capital ratio improved to 10.38% from 10.00% at year-end 2023.

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