OptimumBank Holdings, Inc.

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.

OptimumBank Holdings, Inc. announced significant leadership changes effective May 1, 2026. Timothy Terry retired as principal executive officer of the Company and as President and CEO of its subsidiary, OptimumBank. Moishe Gubin, the current Chairman of the Board, was appointed Chief Executive Officer and principal executive officer of OptimumBank Holdings and CEO of OptimumBank. Additionally, Braden R. Smith was appointed President of OptimumBank.

OptimumBank Holdings, Inc. held its 2026 annual meeting on April 28, 2026, with 73.91% of outstanding shares represented. Shareholders approved all proposals, including the election of six directors and a significant amendment to the Company’s Articles of Incorporation to authorize a class of nonvoting common stock. Additionally, the appointment of Hacker, Johnson & Smith, P.A. as the independent auditor for 2026 was ratified.

OptimumBank Holdings, Inc. announced its unaudited financial results for the first quarter ended March 31, 2026. The company issued a press release and a presentation detailing its operations and financial condition. These documents were filed as Exhibit 99.1 and Exhibit 99.2, respectively, with the SEC.