secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2026-07-24T12:00:25+00:00
Accession:  0001493152-26-034476
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OptimumBank Q2 2026 net income $6.7M, up 85% YoY; diluted EPS $0.28
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- Net income $6.7M ($0.40 basic, $0.28 diluted) vs $3.6M ($0.31 basic, $0.15 diluted) in Q2 2025.
- Gross loans grew $126.2M to $1.22B; deposits up $121.2M to $1.21B from prior quarter.
- Net interest margin expanded to 4.57% from 4.32% YoY; ROAA 2.04%, ROAE 20.34%.
- Leadership transition completed: Moishe Gubin became CEO effective May 1, 2026; Braden Smith joined as President.
- Credit loss reversal of $0.4M; nonaccrual loans $2.1M, down from $3.2M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315226034476/0001493152-26-034476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315226034476/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034476

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