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Get filing alertsOptimumBank reports Q2 2026 net income of $6.7M ($0.28 diluted EPS), up 43% QoQ
Filed July 24, 2026 · Period ending July 24, 2026 · ~2 min read
Key Changes
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Q2 2026 net income of $6.7M ($0.28 diluted EPS), up 43% from Q1 2026 ($4.7M) and 85% from Q2 2025 ($3.6M), driven by higher net interest income, credit loss reversal, and noninterest income growth.
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Gross loans grew $126.2M (11.6%) to $1.2B and deposits grew $121.2M (11.1%) to $1.2B in Q2 2026; year-over-year deposit growth was $335.2M (38.1%), led by commercial real estate lending.
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Net interest margin expanded to 4.57%, up 8 bps from Q1 2026 (4.49%) and 25 bps from Q2 2025 (4.32%), reflecting higher loan yields (6.75%, up 22 bps YoY) and lower deposit costs (3.30%, down 19 bps YoY).
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Moishe Gubin (Chairman for 16+ years) became CEO effective May 1, 2026; Braden R. Smith joined as President; Timothy Terry retired after 13 years. New subsidiary OptimumFinance, LLC completed its first $14.2M loan in Q2 2026, funded by a $14.0M note payable guaranteed by the Company.
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Credit loss reversal of $0.4M in Q2 2026 (vs. $0.8M expense in Q1 2026) due to improved credit quality; net charge-offs were $11K. Allowance for credit losses was $11.0M (0.91% of loans). Tier 1 Leverage Ratio was 10.54%, well above regulatory minimums.
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Summary
OptimumBank Holdings reported strong Q2 2026 results, with net income of $6.7 million ($0.28 diluted EPS) up 43% quarter-over-quarter and 85% year-over-year.
The earnings growth was driven by robust balance sheet expansion—gross loans and deposits each grew over 11% in the quarter to $1.2 billion—and net interest margin expansion to 4.57%, reflecting disciplined pricing that lifted loan yields while reducing deposit costs. Credit quality improved, generating a $0.4 million credit loss reversal with minimal net charge-offs of $11,000.
The Tier 1 Leverage Ratio of 10.54% remains well above regulatory minimums despite strong asset growth. The Company completed a leadership transition in May 2026, with long-serving Chairman Moishe Gubin adding the CEO role and Braden R. Smith joining as President following Timothy Terry's retirement. Separately, the new subsidiary OptimumFinance, LLC completed its first $14.2 million loan in the quarter, funded by a $14.0 million note payable guaranteed by the Company, as part of a strategy to expand into complementary financial services. The combination of strong organic growth, margin expansion, and improved credit quality positions the Company well, though investors should monitor the execution of the new subsidiary and the impact of rapid balance sheet growth on capital ratios and credit quality over time.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
OptimumBank Holdings filed an 8-K under Item 2.02 Results of Operations and Financial Condition with no disclosed content.
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Item 2.02. Results of Operations and Financial Condition.
The 8-K filing lists Item 2.02 Results of Operations and Financial Condition but provides no accompanying text, exhibits, or financial data. This is unusual for an Item 2.02 filing, which typically discloses earnings results, press releases, or material financial updates. The absence of content may indicate a filing error, a placeholder, or that the company withdrew the disclosure before publication.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify