OptimumBank Holdings, Inc., a Florida-based bank holding company, has released its 2025 Form 10-K report, showcasing a year of robust financial performance and strategic growth initiatives. The company, primarily operating through its subsidiary OptimumBank, offers a range of commercial banking services to individual and corporate customers in Florida, with a focus on Broward and Miami-Dade counties. The report highlights significant increases in key financial metrics, strategic expansions, and a proactive approach to managing challenges and risks in the competitive banking industry.
Financial Highlights
- Total Interest Income: $64.354 million, reflecting an increase from the previous year due to higher loan interest income.
- Net Interest Income: $42.587 million, up from $34.690 million in 2024, driven by a decrease in interest expense.
- Net Income: $16.648 million, an increase from $13.124 million in 2024, indicating improved profitability.
- Earnings per share – Basic: $1.42, compared to $1.39 in 2024, showing a slight increase in shareholder value.
- Earnings per share – Diluted: $0.71, up from $0.63 in 2024, reflecting the impact of amended terms of Series B preferred shares.
- Total Noninterest Income: $6.774 million, an increase from $4.623 million in 2024, primarily due to higher service charges and fees.
- Total Noninterest Expenses: $25.154 million, up from $19.460 million in 2024, largely due to increased salaries and employee benefits.
- Net Income Before Income Taxes: $22.171 million, an increase from $17.631 million in 2024, indicating strong pre-tax earnings growth.
Business Highlights
- Company Overview: OptimumBank Holdings, Inc. is a Florida-based bank holding company established in 2004, primarily operating through its subsidiary, OptimumBank. The bank offers a range of commercial banking services to individual and corporate customers in Florida, with a focus on Broward and Miami-Dade counties.
- Regulatory Environment: The company is subject to supervision and regulation by the Federal Reserve, the State of Florida Office of Financial Regulation, and the FDIC. These regulations influence the bank’s operations, including lending activities and deposit management.
- Banking Products and Services: The bank’s revenue is primarily derived from interest and fees on real estate and other loans, securities, and service charges on payment transactions. It offers a variety of deposit products and services, including demand accounts, money market accounts, and time deposits.
- Loan Portfolio: As of December 31, 2025, the bank’s net loans were $947.3 million, representing 85% of total assets. The loan portfolio is concentrated in commercial real estate, residential real estate, and consumer loans, with a significant portion secured by real estate in South Florida.
- Deposit Activities: The bank gathers deposits through a variety of products, including checking accounts and certificates of deposit. It also utilizes brokered deposits and the IntraFi network to…
Read More: OptimumBank Holdings, Inc. SEC 10-K Report — TradingView News
