OptimumBank Holdings (NYSE American: OPHC) announced first-quarter 2025 results, posting net income of $3.9 million, or $0.33 per basic share, marking a 63% increase over the prior year. The growth was fueled by higher net interest income and a reversal of credit losses. Net interest income rose 21.7% to $9.43 million, and the net interest margin improved to 4.06%, up from 3.70% a year ago. Total loans reached $800.2 million, and deposits grew to $852.93 million, reflecting steady customer growth and funding strength. The Bank’s Tier 1 capital ratio rose to 11.71%. Post-quarter, OptimumBank resolved a major non-performing loan, recovering the full $5.6 million carrying value and cutting non-performing assets by roughly 75%.
To view the full press release, visit https://ibn.fm/njLQQ
About OptimumBank Holdings, Inc.
OptimumBank was founded in 2000 in Ft. Lauderdale, Florida. The bank focuses on traditional in-person banking with businesses and consumers residing in South Florida. Our customers have found a trusted alternative to the high fees of larger financial institutions, with unmatched expertise in real estate and commercial lending. OptimumBank has seen explosive growth over the past decade, and we look to capitalize on our momentum in the years ahead. The Company is traded on the NYSE American under ticker “OPHC”.
For more information, visit the company’s website at: https://optimumbank.com/
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
[email protected]
InvestorWire is powered by IBN