OptimumBank Holdings (NASDAQ:OPHC) reported a robust start to the 2026 fiscal year, characterized by record balance sheet expansion and strong profitability as the Florida-based lender continues to capture significant market share in the regional banking sector.
The Fort Lauderdale-based holding company posted net income of $4.7 million for the first quarter ended March 31, 2026.
This resulted in basic earnings per share of $0.39 and diluted earnings per share of $0.20.
While net income saw a slight sequential cooling from the previous quarter's $4.9 million due to targeted investments in noninterest expenses, the year-over-year trajectory remains steep, rising from $3.9 million in the first quarter of 2025.
The bank’s growth metrics were the primary highlight of the report.
Total assets climbed to $1.27 billion, fueled by a 28.1% year-over-year increase in total deposits.
On a quarterly basis, deposits surged by $161.1 million to reach $1.09 billion.
This aggressive inflow of capital supported a similarly active lending environment, with gross loans increasing by $132.1 million during the quarter to $1.09 billion, primarily driven by commercial real estate and owner-occupied business financing.
Net interest income for the period was $13.2 million, supported by a healthy net interest margin (NIM) of 4.49%.