OptimumBank Holdings, Inc. — Form 8-K
Filed July 24, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
OptimumBank Holdings reported Q2 2026 net income of $6.7 million ($0.28 diluted EPS), up from $4.7 million in Q1 2026 and $3.6 million in Q2 2025. Gross loans grew $126.2 million to $1.217 billion (11.6% QoQ); total deposits grew $121.2 million to $1.214 billion (11.1% QoQ). Net interest margin expanded 8 basis points QoQ to 4.57%. Leadership transition: Moishe Gubin became CEO (May 2026); Braden R. Smith joined as President; Timothy Terry retired. Series B and C preferred shares exchanged for 11.458 million nonvoting common shares, simplifying capital structure.
Why this rating
Earnings +43% YoY, loan growth +55% YoY relative to $45M market cap ($45M cap vs. $1.2B loan portfolio). Leadership change and preferred equity simplification are moderate; net income and deposit growth are real but modest in absolute dollars for a $1.4B asset bank.
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