OptimumBank (OPHC) investor relations material

Executive summary

• Achieved record net income of $6.7 million for Q2 2026, up 43% from Q1 and 85% year-over-year, with diluted EPS rising to $0.28.

• Total assets surpassed $1.4 billion, up 10.4% sequentially and 40.2% year-over-year.

• Leadership transition: Moishe Gubin became CEO, Braden Smith joined as President.

• Completed exchange of Series B and C preferred stock into non-voting common, simplifying capital structure.

• Strategic focus on relationship-based banking, technology investments, and expansion into specialized lending through new subsidiaries.

Financial highlights

• Net interest income rose to $14.7 million, up $1.5 million sequentially and $4.5 million year-over-year.

• Noninterest income increased to $2.5 million, up 39.3% from Q1 and 36% year-over-year.

• Pretax income reached $8.84 million, up $2.64 million from Q1.

• Net income for the first six months was $11.3 million, up from $7.5 million year-over-year.

• Gross loans grew to $1.22 billion, with a CAGR of 30.19% since 2022.

• Total deposits reached $1.21 billion, CAGR of 28.27% since 2022.

Outlook and guidance

• Forward annual EPS guidance raised to $1.00–$1.15, based on a sustainable quarterly run rate of $0.28 per share.

• Management remains focused on sustainable long-term growth, disciplined expense management, and expanding full-service banking relationships.

• Continued investment in technology, treasury management, and specialized lending platforms to drive future growth.

• Management expects further net interest margin expansion and ongoing profitability improvements.

• Plans to grow fee-based income through new subsidiaries and expanded lending capabilities.