Quarterly ResultMay 12, 2026, 08:07 AM
OptimumBank Q1 Net Income $4.66M (+20.5%); Basic EPS $0.39 (+18.2%)
AI Summary
OptimumBank Holdings, Inc. reported a strong first quarter for 2026, with net income increasing by 20.5% to $4.66 million and basic earnings per share rising to $0.39. The company experienced significant growth in its balance sheet, with total assets expanding by 14.1% to $1.27 billion and total deposits increasing by 17.3% to $1.09 billion. Loans, net, also saw substantial growth, climbing 13.8% to $1.08 billion, while net interest income jumped by nearly 40% year-over-year.
Key Highlights
- Net income for Q1 2026 increased by 20.5% to $4.66 million from $3.87 million in Q1 2025.
- Basic earnings per share rose by 18.2% to $0.39 in Q1 2026 from $0.33 in Q1 2025.
- Total assets grew by 14.1% to $1.27 billion at March 31, 2026, from $1.11 billion at December 31, 2025.
- Total deposits increased by 17.3% to $1.09 billion at March 31, 2026, from $931.75 million at December 31, 2025.
- Loans, net, expanded by 13.8% to $1.08 billion at March 31, 2026, from $947.29 million at December 31, 2025.
- Net interest income surged by 39.9% to $13.19 million in Q1 2026 from $9.43 million in Q1 2025.
- Credit loss expense was $770 thousand in Q1 2026, compared to a reversal of $165 thousand in Q1 2025.
- Accumulated other comprehensive loss was $4.73 million at March 31, 2026, a slight increase from $4.60 million at December 31, 2025.