OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, multi-family real estate, commercial, land and construction, and consumer loans, as well as lending lines for working capital needs. The company also provides debit and ATM cards; investment, cash management, notary, and night depository services; and direct deposits, money orders, cashier's checks, domestic collections, and banking by mail, as well as Internet banking services. It operates through three banking offices located in Broward County, Florida. The company was founded in 2000 and is based in Fort Lauderdale, Florida.
IPO Year:
Exchange: NASDAQ
Website: optimumbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/23/2024 | $5.25 | Neutral | Compass Point |
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
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CERT - OptimumBank Holdings, Inc. (0001288855) (Filer)
8-A12B - OptimumBank Holdings, Inc. (0001288855) (Filer)
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
10-Q - OptimumBank Holdings, Inc. (0001288855) (Filer)
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
EFFECT - OptimumBank Holdings, Inc. (0001288855) (Filer)
Fort Lauderdale, FL, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Board member Martin Schmidt has informed the boards of OptimumBank (the "Bank"), and OptimumBank Holding, Inc. (the "Company"), that he will resign from both boards, effective January 28, 2025. Mr. Schmidt will remain fully supportive of the continued success of the Bank and Company. Mr. Schmidt resides in South Florida and has served as a Director since August 2015. Mr. Schmidt's significant experience in the financial services industry helped the board to recover through regulatory issues as quickly as possible leaving the Bank with a strong capital structure, explosive growth and a bright future. Chairman Moishe Gubin commented: "I
Fort Lauderdale, FL, May 11, 2022 (GLOBE NEWSWIRE) -- Heng Fai Ambrose Chan has informed the Boards of OptimumBank (the "Bank") and OptimumBank Holding, Inc. (the "Company") that he will resign from both Boards effective as of April 30, 2022. In his letter of resignation, Mr. Chan, who resides in Singapore, noted that he was regrettably stepping down due to the time difference and his workload. Mr. Chan served as a Director of the Bank and Company since June 2018. During his time on the Boards, Mr. Chan helped create a path for the Bank and Company to recover from legacy regulatory issues, leaving the Bank with a strong capital structure, explosive growth and a bright future. Over the pas
Compass Point initiated coverage of OptimumBank Holdings with a rating of Neutral and set a new price target of $5.25
Fort Lauderdale, Florida--(Newsfile Corp. - February 18, 2025) - OptimumBank (NYSE:OPHC) proudly announces that it has been designated as a Preferred Lender under the U.S. Small Business Administration (SBA) Preferred Lenders Program (PLP). This prestigious designation, the highest recognition an SBA lender can receive, streamlines the SBA loan approval process for OptimumBank, allowing the Bank to better serve small businesses across Florida and beyond.Under the Preferred Lenders Program, OptimumBank is now authorized to make final credit decisions on behalf of the SBA. This significantly accelerates the loan approval timeline and enhances the Bank's ability to provide flexible financing so
Fort Lauderdale, Florida--(Newsfile Corp. - February 5, 2025) - OptimumBank Holdings, Inc. (NYSE:OPHC) (the "Company") is a one-bank holding company and owns 100% of OptimumBank (the "Bank"). Today the Company reported robust financial performance for the year ended, December 31, 2024. The Company achieved net income of $13.1 million, or $1.39 per basic share and $1.33 per diluted share, compared to net income of $6.3 million, or $0.87 per basic and diluted share, for the same period in 2023. This reflects significant growth in both revenue and profitability year-over-year, driven by strong increases in net interest income and noninterest income.Key Financial Highlights:Net interest income f
Fort Lauderdale, FL, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Board member Martin Schmidt has informed the boards of OptimumBank (the "Bank"), and OptimumBank Holding, Inc. (the "Company"), that he will resign from both boards, effective January 28, 2025. Mr. Schmidt will remain fully supportive of the continued success of the Bank and Company. Mr. Schmidt resides in South Florida and has served as a Director since August 2015. Mr. Schmidt's significant experience in the financial services industry helped the board to recover through regulatory issues as quickly as possible leaving the Bank with a strong capital structure, explosive growth and a bright future. Chairman Moishe Gubin commented: "I
Ft. Lauderdale, FL, Jan. 16, 2025 (GLOBE NEWSWIRE) -- OptimumBank is proud to announce that it will be presenting at the upcoming Sequire Investor Summit 2025. The 2025 Edition of the Sequire Investor Summit is scheduled for January 21st-23rd, 2025, at Condado Vanderbilt Hotel in San Juan, Puerto Rico, and once again promises to offer an array of exciting opportunities for funds, companies, and investors. Puerto Rico is home to many family offices, funds and wealthy investors due to its favorable tax benefits. It is one of the only places in the world that US Citizens can move and pay virtually no federal or state income taxes. OptimumBank is thrilled to participate in this year's Sequir
Fort Lauderdale, FL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today announced today that it is transferring the listing of its common stock to the NYSE American from The Nasdaq Stock Market LLC ("Nasdaq"). OptimumBank's common stock is expected to begin trading on the NYSE American on December 31, 2024, under the ticker symbol of "OPHC." The Company expects its common stock to continue to trade on Nasdaq until the close of the market on December 30, 2024. "We are excited to announce our new listing on the NYSE American. We believe this strategic move will help us increase the liquidity and visibility of our common stock a
Fort Lauderdale, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year. Key Financial Highlights: ●Net interest income for the third quarter of 2024 reached $8.962 million, a significant increase of 51.5% from $5.914 mil
Fort Lauderdale, Florida--(Newsfile Corp. - November 8, 2024) - OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year.Key Financial Highlights:Net interest income for the third quarter of 2024 reached $8.962 million, a significant increase of 51.5% from $5.914 mill
Fort Lauderdale, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported strong financial performance for the second quarter of 2024. For the three months ended June 30, 2024, the Company achieved net income of $3.5 million, or $.36 per basic share and $0.34 per diluted share, compared to net income of $1.3 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year. Key Financial Highlights: Comparison of the Three-Month Periods Ended June 30, 2024, and 2023: Net interest income for
FT. LAUDERDALE, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC), announced today that it will hold the Annual Shareholder Meeting and Investor Day, on Wednesday, May 29, 2024, at the Company's headquarters in Ft. Lauderdale, Florida, as well as virtually by way of this Webcast Link, beginning at 10:00 am ET. If you are interested in attending, or participating virtually, please register at the link above or by emailing your contact information to Seth Denison at [email protected] and you will be provided with all of the necessary event details. For a copy of the Chairman of the Board's Letter to Shareholders, please visit Chairman's Letter.About Optim
Fort Lauderdale, FL, May 16, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ:OPHC) The Company had net earnings of $2.377 million for the 1st quarter ended March 31, 2024, compared with net earnings of $1.153 million for the 1st quarter ended March 31, 2023, an increase of 106%; in conjunction with $83 million of Stockholders' equity. The Company's only business is the ownership and operation of OptimumBank. To support future growth, the Company issued 2,311,552 common shares in a private placement transaction which closed in the first quarter. The Company ended the quarter with total assets of $940 million, loans (net of allowance for credit losses) of $746 million, and tota
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4/A - OptimumBank Holdings, Inc. (0001288855) (Issuer)
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