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Get filing alertsOptimumBank reports record Q2 net income of $6.7M, raises annual EPS guidance to $1.00–$1.15
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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Q2 2026 net income of $6.7M, up 43% from Q1 and 85% year-over-year; net interest income reached $14.7M; management raised annual EPS guidance to $1.00–$1.15 based on quarterly run rate of $0.28 per share.
Exhibit 99.1 view on EDGAR → -
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Total assets surpassed $1.4B at June 30, 2026, up $401.8M year-over-year (28% CAGR since 2022); deposits grew $335.2M to $1.21B, funding the balance sheet expansion.
Exhibit 99.1 view on EDGAR → -
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Chairman Moishe Gubin assumed CEO role in May 2026; Braden Smith joined as President to position the company for next growth phase while maintaining continuity.
Exhibit 99.1 view on EDGAR → -
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Completed exchange of all Series B and Series C Convertible Preferred Stock into non-voting common stock; minimal dilution impact as preferred shares already reflected in fully diluted count.
Exhibit 99.1 view on EDGAR → -
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OptimumFinance completed first transaction in Q2, leveraging third-party capital alongside traditional banking platform; combined with OptimumFunding, expands lending capabilities and diversifies revenue.
Exhibit 99.1 view on EDGAR →
Summary
OptimumBank Holdings disclosed record Q2 2026 results via investor conference call script, reporting net income of $6.7 million—up 43% sequentially and 85% year-over-year. Net interest income reached $14.7 million and noninterest income hit $2.5 million, reflecting both loan growth and revenue diversification.
Management raised forward annual earnings guidance to $1.00–$1.15 per share based on the current quarterly run rate of $0.28 per share. The company also surpassed $1.4 billion in total assets, a 28% compound annual growth rate since 2022, funded by deposit growth of $335.2 million to $1.21 billion.
The quarter included two structural changes: a CEO transition with Chairman Moishe Gubin adding the CEO role and Braden Smith joining as President, and the exchange of all Series B and Series C preferred stock into non-voting common stock. The preferred exchange simplified the capital structure with minimal dilution impact, as the shares were already reflected in the fully diluted count. OptimumFinance completed its first transaction during the quarter, adding a third-party capital channel alongside the traditional banking platform and the earlier-formed OptimumFunding. For a community bank, the combination of strong earnings momentum, balance sheet scale, and platform expansion represents meaningful progress, though execution on the raised guidance and the new leadership structure will be key to watch.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
OptimumBank Holdings scheduled an investor conference call for August 13, 2026, to provide forward-looking earnings guidance.
Added in current filing · verify on EDGAR →
On August 13, 2026, OptimumBank Holdings, Inc. will hold an investor conference call. During the call, management will provide forward-looking earnings guidance.
The company announced it will hold an investor conference call on August 13, 2026, during which management will provide forward-looking earnings guidance. The call script is attached as Exhibit 99.1, though the specific guidance figures are not disclosed in the 8-K body itself.
Event · Exhibit 99.1
OptimumBank reported record Q2 2026 earnings, surpassed $1.4B in assets, completed preferred stock exchange, and announced CEO transition.
Added in current filing · view on EDGAR →
We reported record quarterly net income of $6.7 million, representing a 43% increase over the first quarter and an 85% increase over the second quarter of last year. As a result, profitability strengthened considerably, with pretax income increasing by approximately $2.6 million from the first quarter.
Net interest income grew to nearly $14.7 million, driven by continued loan growth and disciplined balance sheet management. At the same time, noninterest income increased to approximately $2.5 million, reflecting the continued diversification of our revenue streams.
OptimumBank reported record quarterly net income of $6.7 million for Q2 2026, up 43% from Q1 2026 and 85% year-over-year. Net interest income reached $14.7 million and noninterest income was $2.5 million. The company also recorded a reversal of credit loss expense during the quarter. Management raised forward annual earnings guidance to approximately $1.00 to $1.15 per share based on the current quarterly run rate of approximately $0.28 per share.
Added in current filing · view on EDGAR →
Since 2022, total assets have grown at a compound annual growth rate of more than 28%, increasing from approximately $585 million to more than $1.4 billion today. ... Total assets increased by $401.8 million year-over-year to $1.40 billion at June 30, 2026. This growth was well funded, with total deposits increasing by $335.2 million to $1.21 billion over the same period.
OptimumBank surpassed $1.4 billion in total assets for the first time, representing a compound annual growth rate of more than 28% since 2022 from approximately $585 million. Year-over-year, total assets increased by $401.8 million to $1.40 billion at June 30, 2026, funded by deposit growth of $335.2 million to $1.21 billion.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify