Welcome to our dedicated page for Optimumbank Hold news (Ticker: OPHC), a resource for investors and traders seeking the latest updates and insights on Optimumbank Hold stock.
OptimumBank Holdings, Inc. (OPHC) provides a centralized news resource for stakeholders tracking this South Florida community banking institution. This page aggregates all official press releases, financial disclosures, and market-relevant updates in one location.
Investors and analysts will find timely information on earnings reports, regulatory filings, leadership changes, and strategic initiatives. The archive includes details on consumer banking developments, commercial lending activity, and treasury management service expansions.
Content highlights include quarterly financial results, SBA lending program updates, and community impact initiatives across Broward, Miami-Dade, and Palm Beach counties. All materials maintain factual accuracy without speculative commentary.
Bookmark this page for efficient tracking of OPHC's operational milestones and banking sector positioning. Combine these updates with SEC filings and investor relations materials for comprehensive analysis.
OptimumBank Holdings, Inc. (OPHC) has announced its entry into the government loan sector for small and middle-market companies. CEO Tim Terry appointed Chris Tomlinson as Vice President and SBA Director, bringing substantial experience in corporate banking and government loans. The bank aims to become an SBA participating bank, which is expected to foster new business relationships and enhance growth. The 2023 budget includes a target to produce $25 million in SBA loans, capitalizing on the bank's proven track record of loan growth and excess liquidity.
OptimumBank Holdings, Inc. reported a pre-tax income of $903,000 for Q3 2022, post a loan loss provision of $1,374,000. Total assets reached $544.8 million, with a loan portfolio growth of 23.9%, totaling $438.1 million. The bank's net interest margin was 3.53%, down from the previous quarter. The year-to-date consolidated EPS stands at $0.44, with expectations to reach $0.66 by year-end. The bank is well-capitalized with a leverage capital ratio of 10.77% and has seen significant loan closings of approximately $227.2 million this year.
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