secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001493152-24-044308
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224044308/0001493152-24-044308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224044308/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044308

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