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, driven by strong loan and deposit growth, higher net interest income, and improved noninterest income.

• 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, and Timothy Terry retired.

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

• Continued execution of strategic growth initiatives, including expansion into specialized lending through new subsidiaries such as OptimumFinance.

Financial highlights

• Net interest income rose to $14.7 million, up $1.5 million sequentially and 43% year-over-year.

• Noninterest income increased to $2.5 million, up 39.3% from Q1 and 36% year-over-year, driven by service charges, fee income, and SBA loan sales.

• 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, up 11.7% sequentially and 55.5% year-over-year.

• Total deposits reached $1.21 billion, up 38.1% year-over-year.

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.