NetworkNewsBreaks – OptimumBank Holdings, Inc. (NYSE American: OPHC) Reports 63% Year-Over-Year Profit Surge in Q1 2025
OptimumBank Holdings (NYSE American: OPHC) announced first-quarter 2025 results, posting net income of $3.9 million, or $0.33 per basic share, marking a 63% increase over the prior year. The growth was fueled by higher net interest income and a reversal of credit losses. Net interest income rose 21.7% to $9.43 million, and the net interest margin improved to 4.06%, up from 3.70% a year ago. Total loans reached $800.2 million, and deposits grew to $852.93 million, reflecting steady customer growth and funding strength. The Bank’s Tier 1 capital ratio rose to 11.71%. Post-quarter, OptimumBank resolved a major non-performing loan, recovering…