Earnings release
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OptimumBank Holdings , Inc. Financial Performance for the Second Quarter of 2026 July 24 , 2026 08:00 ET | Source : OptimumBank Holdings , Inc. Share | + | Fort Lauderdale , FL , July 24 , 2026 ( GLOBE NEWSWIRE ) OptimumBank Holdings , Inc. ( NYSE American : OPHC ) ( the " Company " ) is a financial holding company and owns 100 % of OptimumBank ( the " Bank ” ) , a Florida - chartered commercial bank , OptimumHUD Loans , LLC ( d / b / a as OptimumFunding , LLC ) , a wholly owned non - bank Bridge and HUD - lender and OptimumFinance , LLC , a non - bank , wholly owned financing subsidiary . The Company is pleased to announce net income of $ 6.7 million , or $ 0.40 per basic share , and $ 0.28 per diluted share , for the second quarter of 2026 , compared to $ 4.7 million , or $ 0.39 per basic share , and $ 0.20 per diluted share in the first quarter of 2026 and $ 3.6 million , or $ 0.31 per basic share , and $ 0.15 per diluted share , for the comparable quarter last year . For the six months ended June 30 , 2026 , net income was $ 11.3 million , or $ 0.79 per basic share , and $ 0.48 per diluted share , compared to net income of $ 7.5 million , or $ 0.64 per basic share , and $ 0.32 per diluted share , for the six months ended June 30 , 2025. The increase of $ 3.8 million in net income for the six - month ended June 30 , 2026 , compared to the same period in 2025 , was primarily driven by a $ 8.2 million improvement in net interest income and $ 1.2 million increase in noninterest income , partially offset by a $ 4.6 million increase in noninterest expenses and the corresponding increase in income tax expense . Diluted shares include the impact of the exchange of Series B and C preferred shares to nonvoting common stock that occurred during the second quarter of 2026 .
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The Company will host a webcast call to discuss the results of the second quarter of 2026 on August 13, 2026, at 1:00pm ET. Those interested in viewing the Company’s presentation are encouraged to register for the live Webcast, at the following link: https://events.q4inc.com/attendee/432597526/guest? t=1784670390505. Company management will also be available to respond to questions at the conclusion of the presentation. The Company continued with strong growth throughout the second quarter of 2026. The gross loan portfolio increased by $126.2 million, or 11.6%, from March 31, 2026 to $1.2 billion at June 30, 2026. Total deposits increased by $121.2 million from March 31, 2026, totaling $1.2 billion at June 30, 2026, or 11.1% from the prior quarter. This also represents growth of $335.2 million in total deposits since June 30, 2025, or an increase of 38.1%. Highlights for the Second Quarter of 2026 During the second quarter, the Company successfully completed its previously announced leadership transition. Effective May 1, 2026, Moishe Gubin, who has served as Chairman of the Board for more than sixteen years, assumed the additional role of Chief Executive Officer. Having played a central role in the Company’s strategic direction, governance, and growth over the past decade and a half, Mr. Gubin ●Net income of $6.7 million, or $0.40 per basic share, and $0.28 per dshare (“diluted EPS”) for the quarter-ended June 30, 2026. ●Return on Average Assets (“ROAA”) was 2.04% for the second qua2026, compared to 1.56% in the first quarter of 2026 (both annualized ●Return on Average Equity (“ROAE”) was 20.34% for the second qua2026, compared to 15.12% in the first quarter of 2026 (both annualize ●Net interest margin was 4.57%, reflecting an 8 basis point increase4.49% in the first quarter of 2026. ●Total assets grew by $132.2 million to $1.4 billion from March 31, 202 ●Total deposits increased by $121.2 million to $1.2 billion from Mar2026. ●Gross loans increased by $126.2 million during the quarter to $1.2 compared to $1.1 billion at March 31, 2026. ●Total stockholders’ equity increased by $7.5 million to $134.4 millionJune 30, 2026, up from $126.9 million as of March 31, 2026, refcontinued earnings retention.
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brings deep institutional knowledge and a thorough understanding of the Bank’s operations, customers, and long-term objectives. At the same time, Braden R. Smith joined the Bank as President, while Timothy Terry retired following thirteen years of dedicated service and continues to support the orderly transition of responsibilities. Together, the Company’s experienced leadership team remains focused on executing its strategic growth initiatives and delivering long-term shareholder value. “Our momentum continued to accelerate during the second quarter as we delivered another record quarter while executing on the strategic initiatives that position the Company for continued long-term growth,” said Chairman of the Board and Chief Executive Officer Moishe Gubin. “We delivered record quarterly earnings while continuing to generate exceptional loan and deposit growth, expand our net interest margin, and maintain strong credit quality. At the same time, we have begun executing on our strategy to expand into complementary financial services through OptimumFinance, further diversifying our platform for future growth. We remain focused on creating long-term value for our shareholders.” Net interest income for the quarter-ended June 30, 2026 increased to $14.7 million, up by $1.5 million from the first quarter of 2026 and $4.5 million from the second quarter of 2025, supported by higher yields on loans and securities and lower costs on interest-bearing liabilities. The cost of interest-bearing liabilities was 3.30%, down by 19 basis points from 3.49% in the second quarter of 2025, while interest-earning asset yields rose 22 basis points to 6.75%. The Company’s net interest margin rose 25 basis points from the second quarter of 2025 to 4.57% as of quarter-ended June 30, 2026, a reflection of disciplined loan and deposit pricing strategy, prudent liquidity management, and balance sheet optimization.
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Noninterest income for the quarter-ended June 30, 2026 increased to $2.5 million, or by $0.7 million from the prior quarter, primarily driven by an increase in gains on the sale of government guaranteed SBA loans and increases in service charges and fees related to banking services. Noninterest expenses increased to $8.4 million, or $0.4 million from the first quarter, primarily relating to an increase in employee compensation expenses. The Company’s efficiency ratio (non-GAAP measure) was 48.78% for the second quarter of 2026, consistent with prudent cost management amid balance sheet expansion and associated revenue expansion. Credit loss reversal for the quarter-ended June 30, 2026 was $0.4 million, primarily due to improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss, partially offset by the growth in the loan portfolio. Gross charge-offs remained modest at $50,000 while recoveries totaled $39,000 resulting in net charge-offs of only $11,000 during the second quarter of 2026. The allowance for credit losses stood at $11.0 million as of June 30, 2026, or 0.91% of total loans. Loan portfolio growth remained strong in the second quarter of 2026. Gross loans increased by $126.2 million from the prior quarter. Commercial real estate continued to expand, growing by $114.9 million in the second quarter. Additionally, there were increases in the consumer, land and construction, commercial, and residential portfolio segments, up $6.7 million, $5.3 million, $5.3 million, and $5.1 million, respectively. These gains were partially offset by a decline of $11.1 million in multi-family real estate. The continued growth experienced in the loan portfolio is due to the implementation of our relationship-based banking model and the success of our lenders in competing for new business, as well as OptimumFinance, LLC commencing activity in the second quarter of 2026. OptimumFinance, LLC completed its first loan in the second quarter of 2026 for $14.2 million, and is expected to continue growing
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through 2026. During the quarter, OptimumFinance, LLC issued a $14.0 million note payable to fund its first loan which is guaranteed by the Company. OptimumFinance leveraged their balance sheet to attain the highest yield they could earn for the risk they took in the loan they made. On the funding side, total deposits increased by $121.2 million to $1.2 billion from the first quarter of 2026, with strong sequential growth across all deposit categories. The Company had $25.0 million in Federal Home Loan Bank (“FHLB”) advances outstanding at June 30, 2026, a decrease of $15.0 million from March 31, 2026. The Bank’s capital levels remain strong, with a Tier 1 Leverage Ratio of 10.54%, well above regulatory minimums. The Company remains well positioned to support continued growth and earnings momentum. The modest decline from the prior quarter of 20 basis points reflects strong asset growth, as capital deployment into earning assets outpaced retained earnings, while capital levels remain well above regulatory requirements. The Company’s outlook remains constructive. During the first quarter of 2026, OptimumBank was ranked number 49 out of 3,465 U.S. community banks by S&P Global Market Intelligence, placing the Company among the top 1.4% nationwide. During the second quarter of 2026, the Company was named among the top 10% of publicly traded community banks in the nation in the Raymond James Community Bankers Cup. The Company’s growing visibility within the investment community was further demonstrated during the quarter as Alliance Global Partners and Brean Capital initiated equity research coverage with Buy ratings, while Compass Point upgraded its rating on the Company from Neutral to Buy. As a result, all three independent equity research firms currently covering the Company maintain Buy ratings. The Company continues to invest in technology, talent, and targeted growth initiatives that reinforce its position as one of the most
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dynamic and rapidly growing community banks in South Florida. We remain grateful for the trust and partnership of our shareholders, customers, and employees. The following table presents the Company’s quarterly trends of the consolidated financial highlights (unaudited) for the periods presented (see below for a summary of non-GAAP reconciliation): Quarterly Trends 2Q26 1Q26 4Q25 3Q2 SelectedBalanceSheet Data Total assets $ 1,400,937 $ 1,268,735 $ 1,111,678 $ 1,08 Total grossloans $ 1,217,083 $ 1,090,894 $ 958,793 $ 81 Total deposits $ 1,214,045 $ 1,092,883 $ 931,750 $ 95 EarningsHighlights Net income $ 6,655 $ 4,663 $ 4,853 $ Dilutedearnings pershare (EPS) $ 0.28 $ 0.20 $ 0.21 $ Net interestincome $ 14,697 $ 13,190 $ 11,871 $ 1 PerformanceRatios Net interestmargin 4.57% 4.49% 4.39% Net interestspread 3.45% 3.36% 3.11% Cost ofinterest-bearingliabilities 3.30% 3.26% 3.34% Efficiencyratio 48.78% 53.47% 49.59% Loan-to-deposit ratio 99.20% 98.69% 101.67% Return on(annualized) Averageassets(ROAA) 2.04% 1.56% 1.77% Averageequity(ROAE) 20.34% 15.12% 16.23% Averagetangibleassets(ROTA) 2.04% 1.56% 1.77%
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Financial Results Statement of Income Net income was $6.7 million for the second quarter of 2026, compared to net income of $4.7 million for the first quarter of 2026, and $3.6 million for the second quarter of 2025. The increase from the first quarter of 2026 was primarily due to an increase in interest income to $21.7 million, compared to $19.5 million in the first quarter, primarily driven by an increase in interest income on loans. Additionally, there was a $0.8 million decline in credit loss expense and a $0.7 million increase in noninterest income, partially offset by increases of $0.7 million and $0.4 million in interest expense and noninterest expense, respectively. Total interest income was $21.7 million for the second quarter of 2026, compared to $19.5 million in the first quarter of 2026 and $15.6 million in the second quarter of 2025. The sequential growth was driven Pre-tax pre-provision netrevenue(PPNR) $ 8,801 $ 6,968 $ 6,855 $ OtherOperatingMeasures CommonSharesoutstanding -Voting 12,340,785 12,166,858 11,533,943 11,88 CommonSharesoutstanding -Nonvoting 11,458,351 - - Fully dilutedsharesoutstanding 23,799,136 23,625,209 23,523,473 23,52 Fully dilutedtangible bookvalue pershare $ 5.65 $ 5.37 $ 5.18 $ Tier 1 Capitalto totalassets 10.54% 10.74% 11.39%
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by a $2.3 million increase in interest income from loans. Compared to the second quarter of 2025, the increase was primarily due to a $338.6 million increase in average loan balances. The following table depicts the components of interest income (unaudited) for the quarterly periods presented: Interest expense totaled $7.0 million for the second quarter of 2026, compared to $6.3 million for the first quarter of 2026 and $5.3 million for the second quarter of 2025. Compared to the first quarter of 2026, the increase in interest expense was primarily attributable to a $73.8 million increase in average interest-bearing liability balances, and a four basis point increase in the cost of interest-bearing liabilities from 3.26% to 3.30%. Compared to the second quarter of 2025, there was a $158.9 million increase in average interest-bearing liability balances, with a 19 basis point decrease in the cost of interest-bearing liabilities, from 3.49% to 3.30%. Net interest income was $14.7 million in the second quarter of 2026, up from $13.2 million in the first quarter of 2026 and $10.2 million in the second quarter of 2025. The quarter-over-quarter increase was primarily driven by growth in the average interest-earning assets of $98.2 million, partially offset by the increase in average interest-bearing liability balances and the higher cost on interest-bearing liabilities. On a year-over-year basis, the growth in net interest income was primarily attributable to a $338.6 million increase in average loan balances. Quarterly Trends 2Q26 cv 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 Interestincome Loans $20,386 $18,114 $15,437 $14,082 $14,026 $2,272 Debtsecurities 204 191 164 153 158 13 Other 1,134 1,148 1,837 2,086 1,404 (14 Totalinterestincome $21,724 $19,453 $17,438 $16,321 $15,588 $2,271
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Net interest margin expanded to 4.57% for the second quarter of 2026, compared to 4.49% for the first quarter of 2026 and 4.32% for the second quarter of 2025. Compared to the first quarter of 2026, net interest margin increased by eight basis points, primarily driven by the increase in interest-bearing assets. Compared to the second quarter of 2025, net interest margin increased by 25 basis points, primarily attributable to a decrease in the cost of interest-bearing liabilities and an increase in loan yields. The cost of interest-bearing liabilities was 3.30% in the second quarter of 2026, up from 3.26% in the first quarter of 2026 and down from 3.49% in the second quarter of 2025. The increase from the first quarter of 2026 was primarily due to a note payable issued by the OptimumFinance, LLC subsidiary during the quarter at 10.00% with an average balance of $10.9 million and modestly higher yields on savings, NOW, and money market deposits. Excluding the note payable impact, the cost of interest-bearing liabilities was 3.21%, or five basis points lower from the first quarter of 2026. Compared to the same quarter last year, the cost of interest-bearing liabilities decreased by 19 basis points. This reduction was due to a decrease in yields across the deposit portfolio with disciplined pricing following rate reductions partially offset by an increase in borrowings. Credit loss expense was a $0.4 million reversal during the second quarter of 2026, compared to $0.8 million of expense in the first quarter of 2026, and $1.0 million of expense for the second quarter of 2025. The decrease in credit loss expense from the first quarter was primarily attributable to improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss, partially offset by the $132.1 million increase in gross loan balances. Gross charge-offs remained modest at $50,000 while recoveries totaled $39,000, resulting in net charge-offs of $11,000 during the second quarter of 2026. The Company’s allowance for credit losses stood at $11.0 million, or 0.91% of total loans, as of June 30, 2026 compared to 1.01% at March 31, 2026 and 1.19% at June 30, 2025.
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Noninterest income totaled $2.5 million for the second quarter of 2026, up from $1.8 million in the prior quarter and $1.8 million in the second quarter of 2025. The quarter-over-quarter increase of $0.7 million was primarily driven by an increase in gains on the sale of government guaranteed SBA loans and increases in service charges and fees related to banking services. Compared to the same quarter last year, the $0.7 million increase in noninterest income was primarily related to increases in wire transfers, ACH fees on deposit payment transactions and gains on the sale of government guaranteed SBA loans. Noninterest expenses totaled $8.4 million for the second quarter of 2026, compared to $8.0 million in the first quarter of 2026 and $6.2 million in the second quarter of 2025. Compared to the first quarter of 2026, the increase of $0.4 million primarily relates to a $0.3 million increase in employee compensation expenses. Compared to the second quarter of 2025, the increase of $2.2 million includes increases of $1.5 million, $0.4 million, and $0.2 million in employee compensation expenses, data processing, and other expenses, respectively. The following table depicts the components of noninterest expenses (unaudited) for the quarterly periods presented: Quarterly Trends 2Q26 chavs (Dollars inthousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2 Noninterestexpenses Salaries andemployeebenefits $5,279 $4,988 $3,672 $4,004 $3,738 $291 $ Professionalfees 363 295 333 276 275 68 Occupancyandequipment 354 338 328 327 294 16 Dataprocessing 986 914 794 788 625 72 Regulatoryassessment 196 179 161 126 202 17
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Income tax expense was $2.2 million for the second quarter of 2026 compared to $1.5 million in the first quarter of 2026 and $1.3 million in the second quarter of 2025. The effective tax rate for the quarter was 24.7%, compared to 24.8% in the prior quarter and 25.8% from the prior year comparative quarter. Balance Sheet Total assets were $1.40 billion as of June 30, 2026, increasing from $1.27 billion at March 31, 2026, and up from $999.1 million at June 30, 2025. The quarter-over-quarter growth of $132.2 million was primarily attributable to a $125.8 million increase in net loans and a $6.2 million increase in cash and cash equivalents. Cash and cash equivalents at June 30, 2026, were $146.2 million, which increased from $140.0 million at March 31, 2026, and decreased from $181.8 million at June 30, 2025. Investment securities (debt securities available for sale and held-to- maturity) at June 30, 2026, were $26.9 million, compared to $27.3 million at March 31 2026, and $22.6 million at June 30, 2025. There were no debt security purchases during the second quarter of 2026. No sales of debt securities were reported during these periods. Total gross loans at June 30, 2026, were $1.22 billion, an increase from $1.09 million at March 31, 2026, and up from $784.6 million at June 30, 2025. Gross loans increased during the quarter reflecting growth in commercial real estate, consumer, land and construction, Losses onsale andwrite-downsof other realestate owned - 5 54 - - (5) Other 1,204 1,287 1,401 1,083 1,047 (83) Totalnoninterestexpenses $8,382 $8,006 $6,743 $6,604 $6,181 $376 $2
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commercial, consumer, and residential loans. Compared to June 30, 2025, the gross loan portfolio increased by $432.5 million, reflecting growth primarily in commercial real estate. The allowance for credit losses (“ACL”) was $11.0 million as of June 30, 2026, representing 0.91% of total loans, compared to 1.01% at March 31, 2026. The ACL balance saw a decrease from $11.1 million at March 31, 2026 and increased from $9.3 million at June 30, 2025, respectively. The quarter-over-quarter decrease of $41,000 million was, primarily driven by improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss, partially offset by the growth in the loan portfolio. The ACL ratio reflects continued credit discipline and a well-diversified loan portfolio. The following table presents the components of the ACL (unaudited) as of the dates indicated: Nonaccrual loans totaled $2.1 million at June 30, 2026, compared to $2.2 million at March 31, 2026, and $3.2 million at June 30, 2025. The decrease from the prior year was primarily due to a decrease in commercial, and consumer nonaccrual loans of $1.1 million. As of June 30, 2026, there were no loans accruing interest that were 90 days or more past due. Subsequent to June 30, 2026, a nonaccrual loan with a June30, March31, December31, September30, June30, M 2026 2026 2025 2025 2025 2 Beginningbalance $11,061 $10,273 $ 10,018 $ 9,338 $8,270 $ Credit lossexpense(reversal)– funded (30) 791 389 639 1,043 Charge-offs (50) (44) (201) (129) (72) Recoveries 39 41 67 170 97 Endingbalance $11,020 $11,061 $ 10,273 $ 10,018 $9,338 $
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balance of $1.0 million was settled. Additionally, the Company did not report any modified loans to borrowers experiencing financial difficulty during the second quarter of 2026. Nonperforming assets (“NPA”) reflected strong asset quality at June 30, 2026. Nonaccrual loans decreased to $2.1 million from $2.2 million at March 31, 2026 and $3.2 million at June 30, 2025. The $0.1 million decrease from March 31, 2026 was due to payments received on nonaccrual loans. The $1.1 million decrease from June 30, 2025 included payoffs from previously recorded nonaccrual loans, along with the sale of other real estate owned. Total deposits at June 30, 2026, were $1.21 billion, an increase from $1.09 billion at March 31, 2026, and an increase from $878.9 million at June 30, 2025. The increase from March 31, 2026, was attributable to increases in all deposit categories, with a 15.6% increase in time deposits and a $14.5 million, or 4.8% increase in noninterest-bearing demand deposits. The increase from June 30, 2025 was also attributable to increases in all deposit categories, most notably a 60.7% increase in time deposits and a 22.9% increase in noninterest-bearing demand deposits. The Company continues to maintain a diverse and stable funding base. Accumulated other comprehensive loss (“AOCL”) was $4.8 million at June 30, 2026, compared to $4.7 million at March 31, 2026, and $5.4 million at June 30, 2025. The AOCL increased by $0.1 million quarter- over-quarter, primarily due to the increase in mid to long-term interest rates impacting the fair value of available-for-sale securities. Year-over- year, AOCL improved by $0.6 million, reflecting the net impact of favorable fair value changes over the trailing twelve months, resulting in unrealized gains. All AOCL amounts represent unrealized gains and losses, net of applicable income taxes, and have no impact on reported earnings or regulatory capital.
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Shareholders’ equity was $134.4 million as of June 30, 2026, compared to $126.8 million as of March 31, 2026, and $111.3 million as of June 30, 2025. The increase during the second quarter was principally attributable to net income of $6.7 million, $0.9 million in additional equity through the Company’s ongoing at-the-market (“ATM”) offering, and $0.1 million related to the exchange of Series B and C Preferred shares for nonvoting common stock, partially offset by the $0.1 million increase in AOCL. Earnings Per Share (“EPS”) for the quarter-ended June 30, 2026, the Company reported $0.40 per basic share and $0.28 diluted EPS, compared to $0.39 and $0.20 per basic share and diluted EPS, respectively, for the quarter-ended March 31, 2026, and $0.31 and $0.15 per basic share and diluted EPS, respectively, for the quarter- ended June 30, 2025. The increase was primarily driven by strong growth in net income, which increased from $3.6 million for the quarter- ended June 30, 2025, to $6.7 million for the quarter-ended June 30, 2026. Diluted earnings per share for prior periods have been retrospectively adjusted to reflect the amended conversion rights of the Series B Convertible Preferred Stock, which became effective during the third quarter of 2025, to ensure comparability. Additionally, during the second quarter of 2026, the Company amended its Articles of Incorporation to authorize a new class of Nonvoting Common Stock and exchanged all outstanding Series B and Series C Convertible Preferred Stock for an aggregate of 11,458,351 shares of Nonvoting Common Stock. Because the Series B and Series C Convertible Preferred Stock had already been reflected in the Company's diluted weighted-average share count under the if-converted method, the exchange did not materially affect diluted earnings per share or dilute existing shareholders' ownership interests. The primary impact was on the weighted-average common shares used in the calculation of basic earnings per share, as the exchange occurred during the quarter and basic EPS reflects the timing of the conversion. Accordingly, this release presents both basic and diluted earnings per share to facilitate comparability with prior periods and to reflect the transition in the
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Company's capital structure during the quarter. Absent future dilutive securities or other changes in the Company's capital structure, the Company expects basic and diluted earnings per share to be identical in future filings. Although GAAP accounting generally presents book value based on common shares outstanding, the Company believes a more comprehensive measure of shareholder value is on a fully diluted basis. Tangible book value per diluted share at June 30, 2026, was $5.65 at June 30, 2026, up $0.28 per share, or 20.9% annualized from $5.37 at March 31, 2026 on a fully diluted basis, and up $0.89, or 18.7% from $4.76 at June 30, 2025. This is based on total common shares outstanding of 23,799,136 at June 30, 2026 (up from 23,625,209 shares on a fully diluted basis at March 31, 2026, and up from 23,390,612 shares on a fully diluted basis at June 30, 2025). Additional common shares totaling 174,348 common shares were issued in the quarter-ended June 30, 2026 through the Company’s ATM offering. During the second quarter of 2026, the Company exchanged all outstanding Preferred Stock shares, or 1,295 and 875,641 shares of related party Series B Convertible Preferred Stock and Series C Convertible Preferred Stock, respectively, for a total of 11,458,351 shares of Nonvoting Common Stock (see below for further information). This exchange did not change the ownership interests of existing shareholders or result in economic dilution, but rather simplified the Company’s capital structure and future financial reporting by replacing the convertible preferred shares with an equivalent number of nonvoting common shares. The increase in tangible book value per diluted share reflects strong quarterly earnings performance and overall capital strength. FORWARD-LOOKING STATEMENTS
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Certain statements made in this report which are not statements of historical fact are forward-looking statements within the meaning of, and subject to the protection of, the federal securities laws. Forward looking statements include, among others, statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, many of which are beyond our control and which may our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements made in this report. You can identify forward-looking statements through our use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “should,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions. Forward-looking statements are based on our current beliefs and expectations and are subject to significant risks and uncertainties. Accordingly, we caution you not to place undue reliance on such statements. We undertake no obligation to update or revise any of our forward-looking statements for events or circumstances that arise after the statement is made, except as otherwise may be required by law. Investor Relations & Corporate Relations Contact: Seth Denison Telephone: (305) 401-4140 Email: SDenison@OptimumBank.com OptimumBank Holdings, Inc. Consolidated Balance Sheets (Unaudited) (Dollars in thousands) June 30, March 31, December31, September30, 2026 2026 2025 2025
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Assets Cash and duefrom banks $ 14,637 $ 15,074 $ 9,349 $ 9,271 Interest-bearingdeposits withbanks 131,601 124,942 105,210 225,815 Total cash andcashequivalents 146,238 140,016 114,559 235,086 Debt securitiesavailable forsale 26,646 27,044 25,184 22,926 Debt securitiesheld-to-maturity 208 212 214 246 Loans, net ofallowance forcredit losses 1,204,381 1,078,533 947,294 802,812 Federal HomeLoan Bankstock 1,966 2,678 3,028 658 Premises andequipment, net 3,132 2,797 2,490 2,308 Other realestate owned - - 551 - Right-of-uselease assets 2,405 2,511 2,617 2,725 Accruedinterestreceivable 4,862 3,994 3,621 3,171 Deferred taxasset 3,143 3,116 3,108 3,238 Other assets 7,956 7,834 $ 9,012 $ 9,873 Total assets $1,400,937 $1,268,735 1,111,678 1,083,043 Liabilities andStockholders’Equity Liabilities Noninterest-bearingdemanddeposits $ 319,375 $ 304,887 $ 266,520 $ 313,973 Savings, NOWand money-marketdeposits 383,297 345,494 306,921 309,087 Time deposits 511,373 442,502 358,309 336,427 Total deposits 1,214,045 1,092,883 931,750 959,487 Federal HomeLoan Bankadvances 25,000 40,000 50,000 - Operatinglease liabilities 2,547 2,647 2,745 2,846 OtherBorrowings 14,000 - - - Other liabilities 10,965 6,357 5,286 3,822 Totalliabilities 1,266,557 1,141,887 989,781 966,155
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OptimumBank Holdings, Inc. Consolidated Statements of Earnings - Quarterly (Unaudited) (Dollars in thousands, except per share amounts) Stockholders’equity Preferred stock - Series BConvertiblePreferred - - - - Series CConvertiblePreferred - - - - Common stock 124 122 115 119 NonvotingCommon stock 115 - - - Additionalpaid-in capital 113,832 112,993 112,578 112,574 Retainedearnings(accumulateddeficit) 25,119 18,464 13,801 8,948 Accumulatedothercomprehensiveloss (4,810) (4,731) (4,597) (4,753) Totalstockholders’equity 134,380 126,848 121,897 116,888 Totalliabilities andstockholders’equity $1,400,937 $1,268,735 $1,111,678 $1,083,043 Quarterly Trends 2Q26 c 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 Interestincome Loans $20,386 18,114 15,437 14,082 14,026 $2,272 Debtsecurities 204 191 164 153 158 13 Other 1,134 1,148 1,837 2,086 1,404 (14 Totalinterestincome 21,724 19,453 17,438 16,321 15,588 2,271 Interestexpense Deposits 6,633 6,176 5,561 5,273 5,322 457 Borrowings 394 87 6 - 24 307 Totalinterestexpense 7,027 6,263 5,567 5,273 5,346 764
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Net interestincome 14,697 13,190 11,871 11,048 10,242 1,507 Credit lossexpense(reversal) (37) 770 398 763 1,040 (807 Net interestincomeafter creditlossexpense(reversal) 14,734 12,420 11,473 10,285 9,202 700 Noninterestincome Servicecharges andfees 1,551 1,313 1,268 1,252 1,099 238 Other 935 471 459 730 735 464 Totalnoninterestincome 2,486 1,784 1,727 1,982 1,834 702 Noninterestexpenses Salariesandemployeebenefits 5,279 4,988 3,672 4,004 3,738 291 Professionalfees 363 295 333 276 275 68 Occupancyandequipment 354 338 328 327 294 16 Dataprocessing 986 914 794 788 625 72 Regulatoryassessment 196 179 161 126 202 17 Losses onsale andwrite-downsof other realestateowned - 5 54 - - (5 Other 1,204 1,287 1,401 1,083 1,047 (83 Totalnoninterestexpenses 8,382 8,006 6,743 6,604 6,181 376 Incomebeforeincometaxes 8,838 6,198 6,457 5,663 4,855 2,640 Incometaxes 2,183 1,535 1,604 1,340 1,253 648 Net Income $ 6,655 4,663 4,853 4,323 3,602 $1,992
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OptimumBank Holdings, Inc. Consolidated Statements of Earnings - Quarterly (Unaudited) (Dollars in thousands, except per share amounts) Earningsper share -Basic $ 0.40 0.39 0.42 0.37 0.31 $ 0.01 Earningsper share -Diluted $ 0.28 0.20 0.21 0.18 0.15 $ 0.08 Six MonthsEnded June 30, 2026 2025 Ch Interest income Loans $38,501 $27,627 $10 Debt securities 396 318 Other 2,282 2,650 Total interest income 41,179 30,595 10 Interest expense Deposits 12,808 10,600 2 Borrowings 481 327 Total interest expense 13,289 10,927 2 Net interest income 27,890 19,668 8 Credit loss expense 733 875 Net interest income after credit lossexpense 27,157 18,793 8 Noninterest income Service charges and fees 2,863 2,137 Other 1,406 928 Total noninterest income 4,269 3,065 Noninterest expenses Salaries and employee benefits 10,268 7,119 3 Professional fees 658 522 Occupancy and equipment 693 576 Data processing 1,900 1,158 Regulatory assessment 375 400 Other 2,496 2,032 Total noninterest expenses 16,390 11,807 4 Income before income taxes 15,036 10,051 4 Income taxes 3,718 2,579 Net Income $11,318 $ 7,472 $ 3 Earnings per share - Basic $ 0.79 $ 0.64 $
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OptimumBank Holdings, Inc. Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (QTD) (Unaudited) (Dollars in thousands, except average yields/rates) Earnings per share - Diluted $ 0.48 $ 0.32 $ Three Mont 2Q26 Interest Average Average and Yield/ Average Balance Dividends Rate Balance Interest-earningassets Loans $1,141,791 20,386 7.16% $1,041,583 Securities 27,042 204 3.03% 26,527 Other (2) 121,282 1,134 3.75% 123,845 Total interest-earningassets/interestincome 1,290,115 21,724 6.75% 1,191,955 Cash and duefrom banks 14,702 10,656 Premises andequipment 2,825 2,684 Other 4,025 4,641 Total assets $1,311,667 $1,209,936 Interest-bearingliabilities Savings, NOWand money-market deposits $ 367,750 2,168 2.36% $ 334,816 Time deposits 462,792 4,465 3.87% 436,205 Borrowings (3) 23,455 394 3.37% 9,224 Notes Payable 10,770 276 10.28% - Total interest-bearingliabilities/interestexpense 853,997 7,027 3.30% 780,245 Noninterest-bearing demanddeposits 314,858 296,750 Other liabilities 11,584 7,852 Stockholders’equity 131,228 125,089 (1)
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OptimumBank Holdings, Inc. Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (YTD) (Unaudited) (Dollars in thousands, except average yields/rates) Total liabilitiesandstockholders’equity $1,311,667 $1,209,936 Net interestincome 14,697 Interest-ratespread (4) 3.45% Net interestmargin (5) 4.57% Ratio of averageinterest-earningassets toaverage interest-bearing liabilities 1.51 1.53 (1)Annualized. (2)Includes interest-earning deposits with banks and Federal Home LoaBank stock dividends. (3)Includes Federal Home Loan Bank (4)Interest rate spread represents the difference between average yieldinterest-earning assets and the average cost of interest-bearing liabi (5)Net interest margin is net interest income divided by average interesearning assets. Six Months Ended June 30, 2026 202 Inter Average Average an Balance Balance Divide Interest-earningassets Loans $1,091,687 38,501 7.11% $800,008 $ 27 Securities 26,784 396 2.98% 22,831 Other (2) 122,562 2,282 3.75% 116,559 2 Total interest-earningassets/interestincome 1,241,033 41,179 6.69% 939,398 30
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Cash and duefrom banks 12,679 13,504 Premises andequipment 2,754 2,238 Other 4,321 8,134 Total assets $1,260,787 $963,274 Interest-bearingliabilities Savings, NOWand money-market deposits $ 351,283 4,063 2.33% $278,733 $ 3 Time deposits 449,498 8,745 3.92% 321,117 7 Borrowings (3) 16,340 209 3.85% 17,223 Notes Payable 5,385 272 10.18% - Total interest-bearingliabilities/interestexpense 817,121 13,289 3.28% 617,073 10 Noninterest-bearing demanddeposits 305,803 230,330 Other liabilities 9,705 8,102 Stockholders’equity 128,158 107,769 Total liabilitiesandstockholders’equity $1,260,787 $963,274 Net interestincome 27,890 $ 19 Interest-ratespread (4) 3.41% Net interestmargin 5) 4.53% Ratio of averageinterest-earningassets toaverage interest-bearing liabilities 1.52 1.52 (1)Annualized. (2)Includes interest-earning deposits with banks and Federal HomeBank stock dividends. (3)Includes Federal Home Loan Bank (4)Interest rate spread represents the difference between average yiinterest-earning assets and the average cost of interest-bearing liabi
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OptimumBank Holdings, Inc. Segments of Loans Analysis (Unaudited) (Dollars in thousands) Explanation of Certain Unaudited Non-GAAP Financial Measures This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles (“GAAP”). Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance. The Company believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the (5)Net interest margin is net interest income divided by average inearning assets. June 30, March 31, December31, September30, Ju 2026 2026 2025 2025 2 Residentialreal estate $ 78,268 $ 73,130 $ 74,018 $ 66,723 $ 6 Multi-familyreal estate 52,551 63,655 65,693 67,435 6 Commercialreal estate 905,174 790,238 666,508 524,865 47 Land andconstruction 46,290 41,000 36,212 43,364 6 Commercial 51,389 46,127 48,196 45,604 5 Consumer 83,411 76,744 68,166 65,731 5 Total loans 1,217,083 1,090,894 958,793 813,722 78 Deduct: Netdeferredloan feesand costs (1,683) (1,300) (1,227) (892) Allowancefor creditlosses (11,020) (11,061) (10,273) (10,018) Loans, net $1,204,380 $1,078,533 $ 947,293 $ 802,812 $77
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performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP. Non-GAAP Reconciliations Pre-tax, Pre-provision earnings Tangible Book Value Per Common Share and Per Fully Diluted Share (Unaudited) (Dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2 Net Income (GAAP) $6,655 $4,663 $4,853 $4,323 $ Plus: Income Tax Expense 2,183 1,535 1,604 1,340 Plus: Credit Loss Expense(Reversal) (37) 770 398 763 Pre-tax, Pre-provisionearnings (Non-GAAP) 8,801 6,968 6,855 6,426 (Dollars inthousands, exceptper shareamounts) 2Q26 1Q26 4Q25 3Q25 2Q Total Stockholders’(GAAP) andTangible CommonEquity $134,380 $126,848 $121,897 $116,888 $11 Common SharesOutstanding -Voting 12,341 12,167 11,534 11,884 1 Common SharesOutstanding -Nonvoting 11,458 - - - Total CommonShares 23,799 12,167 11,534 11,884 1 Effect ofconversion ofseries B preferredshares ifconverted - 10,582 11,114 11,114 1
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Effect ofconversion ofseries C preferredshares ifconverted - 876 876 526 Total DilutedShares 23,799 23,625 23,524 23,524 2 Tangible BookValue per Share -Diluted $ 5.65 $ 5.37 $ 5.18 $ 4.97 $