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The latest update is out from Optimumbank Holdings ( (OPHC) ).
OptimumBank Holdings, Inc. reported a significant increase in financial performance for the year ended December 31, 2024, with net income rising to $13.1 million, a notable improvement from $6.3 million in 2023. This growth was driven by a 46.3% rise in net interest income and a 33.9% increase in noninterest income, alongside robust asset and deposit growth. The bank’s strategic investments in talent, technology, and infrastructure led to a 32.7% increase in noninterest expenses, supporting its expansion and operational growth. The strengthened capital position with improved Tier 1 capital ratio to 10.91% also highlights the company’s commitment to sustainable growth and superior shareholder returns.
More about Optimumbank Holdings
OptimumBank Holdings, Inc. is a one-bank holding company that owns 100% of OptimumBank. The company operates within the financial services industry, focusing on banking services through OptimumBank and is listed on NYSE American under the ticker OPHC.
YTD Price Performance: -3.28%
Average Trading Volume: 63,779
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $46.11M
Learn more about OPHC stock on TipRanks’ Stock Analysis page.
