Quarterly ResultJul 24, 2026, 08:06 AM
OptimumBank Q2 Net Income $6.7M, Diluted EPS $0.28
AI Summary
OptimumBank Holdings, Inc. reported strong financial results for the second quarter of 2026, with net income reaching $6.7 million, or $0.28 per diluted share, significantly up from previous quarters. The company experienced substantial growth in its gross loan portfolio and total deposits, both exceeding $1.2 billion. Additionally, OptimumBank announced a leadership transition, with Moishe Gubin becoming CEO and Braden R. Smith joining as President, and received positive coverage from equity research firms.
Key Highlights
- Net income for Q2 2026 was $6.7 million, up from $4.7 million in Q1 2026.
- Diluted EPS for Q2 2026 was $0.28, compared to $0.20 in Q1 2026.
- Gross loan portfolio increased by $126.2 million (11.6%) to $1.2 billion.
- Total deposits grew by $121.2 million (11.1%) to $1.2 billion.
- Net interest margin expanded to 4.57% from 4.49% in Q1 2026.
- Return on Average Assets (ROAA) was 2.04%, and Return on Average Equity (ROAE) was 20.34%.
- Moishe Gubin assumed additional role of CEO; Braden R. Smith joined as President.
- Alliance Global Partners and Brean Capital initiated Buy ratings; Compass Point upgraded to Buy.
Price Impact
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