OptimumBank reports 2024 net income $13.1M, up 108% from $6.3M; EPS $1.39 basic

OptimumBank Holdings, Inc.

2024-FY EPS reported $1.33

Net income $13.1M ($1.39 basic EPS) vs $6.3M ($0.87) in 2023, doubling YoY.
Net interest income rose 46.3% to $34.7M; net interest margin improved to 3.83% from 3.75%.
Loans grew 18.2% to $804.0M; deposits up 20.7% to $772.2M.
Bank's Tier 1 capital ratio improved to 10.91% from 10.00%; well above well-capitalized minimum.
Completed ATM offering raising >$10M in early 2025 to further strengthen capital.

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