secwatch.observer — SEC 8-K summary
======================================

Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001493152-25-004883
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315225004883/0001493152-25-004883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315225004883/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-004883

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer