Highest-materiality recent filing
OptimumBank Q1 net income $4.7M ($0.20 diluted EPS), up 20% YoY; assets grow 14% QoQ
Net income $4.7M vs $3.9M YoY; diluted EPS $0.20 vs $0.17 YoY.
OptimumBank forms OptimumFunding subsidiary for HUD/FHA lending platform
Wholly-owned subsidiary OptimumFunding, LLC created to originate HUD- and FHA-insured loans.
OptimumBank Q4 net earnings $4.85M ($0.21 diluted EPS); FY2025 net $16.64M ($0.71 diluted EPS)
Q4 net earnings $4.85M ($0.21 diluted EPS), up from $3.95M ($0.18) in Q4 2024 and $4.32M ($0.18) in Q3 2025.
OptimumBank Q3 2025 net earnings $4.32M, up 20% QoQ; deposits grow 9%
Q3 net earnings $4.32M ($0.18 diluted EPS) vs $3.60M in Q2 2025 and $3.30M in Q3 2024.
OptimumBank corrects earnings-call guidance, targets $1.5-1.6B assets by 2026
Correction: prior earnings call mistakenly gave 2025 projection; actual projection is for 2026.
OptimumBank Q2 net income $3.6M, EPS $0.29; NIM expands to 4.32%, deposits up $25.9M
Net earnings $3.60M ($0.31 basic, $0.29 diluted EPS) vs $3.87M in Q1 and $3.50M in Q2 2024.
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.
OptimumBank Q3 net income $3.3M, EPS $0.34; net interest income +51.5% YoY
Net income rose to $3.3M ($0.34 basic, $0.32 diluted) from $1.2M ($0.18) in Q3 2023.
OptimumBank Q1 net earnings double to $2.38M; loan portfolio up 50% YoY
Net earnings of $2.377M vs $1.153M in Q1 2023, a 106% increase.
Effective the same date: (i) the Company appointed its Chairman of the Board, Moishe Gubin, as its Chief Executive Officer and principal executive officer; and (ii) the Bank appointed Mr. Gubin as its Chief Executive Officer.
Also effective the same date, the Bank appointed Braden R. Smith as its President.
On May 1, 2026, Timothy Terry retired as principal executive officer of OptimumBank Holdings, Inc. (the “Company”) and as President and Chief Executive Officer of its wholly-owned subsidiary, OptimumBank.
Also on May 1, 2025, Joel Klein retired as the Company’s interim Chief Financial Officer.
On May 1, 2025, OptimumBank Holdings, Inc. (the “Company”) promoted Elliot Nunez, age 58, to serve as Executive Vice President and Chief Financial Officer of the Company.
Effective January 28, 2025, Martin Z. Schmidt resigned from the Boards of Directors of OptimumBank Holdings, Inc. and OptimumBank.
Max materiality 0.80 · Median 0.30 · Most common event earnings