OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2025

Core Insights - OptimumBank Holdings, Inc. reported net earnings of $4.32 million for Q3 2025, an increase from $3.60 million in Q2 2025 and $3.30 million in Q3 2024, driven by improved net interest income and noninterest income [1][11][18] Financial Performance - Net interest income rose to $11.05 million in Q3 2025, up from $10.24 million in Q2 2025 and $8.96 million in Q3 2024, supported by higher yields on loans and lower costs on interest-bearing liabilities [4][14] - Noninterest income increased to $1.98 million in Q3 2025, compared to $1.83 million in Q2 2025 and $1.12 million in Q3 2024, driven by service charges and fee-based revenue [5][18] - Total deposits grew by $80.62 million to $959.49 million from Q2 2025, representing a 9.17% increase quarter-over-quarter and an 18.97% increase year-over-year [2][30] - Total assets reached $1.08 billion as of September 30, 2025, up from $999.13 million at June 30, 2025, reflecting a quarter-over-quarter increase of $83.92 million [22] Loan Portfolio and Credit Quality - The gross loan portfolio increased by $29.16 million to $813.72 million in Q3 2025, with growth in commercial real estate and consumer loans [2][25] - Credit loss expense decreased to $0.76 million in Q3 2025, down from $1.04 million in Q2 2025, indicating effective management of the loan portfolio [6][17] - The allowance for credit losses stood at $10.02 million, or 1.23% of total loans, reflecting a well-managed credit risk profile [26] Capital and Efficiency - Total stockholders' equity increased to $116.89 million as of September 30, 2025, up from $111.35 million at June 30, 2025, driven by retained earnings [32] - The efficiency ratio was maintained at 50.68%, indicating prudent cost management amid growth [5][19] Market Position and Outlook - The company continues to invest in technology and talent, reinforcing its position as a rapidly growing community bank in South Florida [9] - The outlook remains positive, with expectations for continued growth and earnings momentum through the remainder of 2025 [9]