OptimumBank (OPHC) Planet MicroCap Las Vegas 2026 summary

Company history and leadership

• Celebrating 25 years, the bank transitioned from an internet bank to a top performer in its category under $3 billion.

• Leadership changes included a recapitalization in 2010 and a new CEO in May, with a strong, experienced executive team.

Financial performance and growth

• Assets reached nearly $1.3 billion by the end of Q1, with over $1 billion in the loan portfolio and strong deposit growth.

• Return on average equity was 15% non-core and 22.5% core, with consistent quarter-over-quarter and year-over-year improvements.

• Net interest margin (NIM) stands at 4.49%, significantly above industry benchmarks.

• Lending and deposit growth rates have approached 29% over five years, with non-interest income growing at 32%.

Business model and market focus

• Operates mainly in South Florida, with a strong presence in the Jewish community and a focus on relationship-driven banking.

• Loan portfolio is primarily commercial real estate, with average loan size around $5–5.5 million and average LTV at 52%.

• New branches, such as North Miami Beach, have quickly surpassed break-even and integrated into local communities.