OptimumBank (OPHC) Q2 2026 earnings summary

Executive summary

• Achieved total assets of $1.4 billion in 2Q26, up 10.4% sequentially and 40.2% year-over-year.

• Net income reached a record $6.7 million, up 42.7% from 1Q26 and 84.8% from 2Q25, driven by strong loan and deposit growth, higher net interest income, and improved noninterest income.

• Earnings per share (diluted) rose to $0.28, compared to $0.20 in 1Q26 and $0.29 in 2Q25.

• Tangible book value per diluted share increased to $5.65, up 5.2% from 1Q26 and 18.7% year-over-year.

• Leadership transition completed: Moishe Gubin became CEO, Braden R. Smith joined as President, and Timothy Terry retired.

Financial highlights

• Net interest income was $14.7 million, up 11.4% sequentially and 43.5% year-over-year.

• Noninterest income totaled $2.5 million, up 39.3% from 1Q26 and 35.6% from 2Q25, mainly from SBA loan sales and service fees.

• Net interest margin improved to 4.57%, up 8 bps from 1Q26 and 25 bps from 2Q25.

• Pre-tax, pre-provision earnings (non-GAAP) were $8.8 million, up 26.3% from 1Q26 and 49.3% from 2Q25.

• Gross loans reached $1.22 billion, up $126.2 million sequentially and 55.5% year-over-year, with commercial real estate as the main driver.

Outlook and guidance

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

• Focus on maintaining strong net interest margin and double-digit tangible book value growth.

• Continued investment in technology, talent, and franchise to support revenue growth.

• Recognized among top-performing community banks by S&P Global and Raymond James; all covering analysts maintain Buy ratings.

• Expansion into new financial services through OptimumFinance expected to drive further growth.