OptimumBank Holdings, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsOptimumBank Holdings is a Florida-based commercial bank holding company that has grown assets to $1.4 billion and delivered record earnings in the second quarter of 2026.
What they do
OptimumBank Holdings owns OptimumBank, a Florida state-chartered commercial bank with branches in Broward and Miami-Dade counties. The bank offers commercial and consumer banking services, including deposit accounts, loans, and payment services, with a focus on commercial real estate lending. It also operates OptimumHUD Loans (a bridge and HUD lender) and OptimumFinance, a financing subsidiary.
Revenue drivers
- Commercial real estate loans — Largest loan category at $666.5 million at year-end 2025 (69.6% of total loans). Interest and fees on commercial real estate loans are the primary revenue source.
- Residential and multi-family real estate loans — Combined $139.7 million at year-end 2025 (14.5% of total loans). These loans generate interest income and support the bank's community lending focus.
- Consumer and commercial (C&I) loans — Consumer loans were $68.2 million and commercial (C&I) loans $48.2 million at year-end 2025, together 12.1% of the portfolio, contributing diversified interest income.
- Interest income from securities and other earning assets — Securities and other interest-earning assets yield 2.98% and 3.75% respectively (six months 2026), providing supplemental income beyond loans.
Recent performance
For Q2 2026, the company reported net income of $6.7 million, up 85% from the prior-year quarter, with diluted EPS of $0.28. Net interest income rose 43% to $14.7 million in Q2 2026, and net interest margin expanded to 4.57% for the quarter. For the six months ended June 30, 2026, net income was $11.3 million, up from $7.5 million a year earlier. Total assets reached $1.4 billion at June 30, 2026, with gross loans and deposits both up sharply quarter-over-quarter. Annual net income has risen from $6.3 million in 2023 to $16.6 million in 2025.
Strategy
The company is rapidly growing its loan portfolio and deposit base, with gross loans up 11.6% in Q2 2026 and deposits up 38.1% year-over-year. Management emphasizes expanding its commercial real estate loan business and leveraging the IntraFi Network to attract large deposits with extended FDIC insurance. It completed a leadership transition in May 2026, with Moishe Gubin as CEO and Braden Smith as President. The company also exchanged Series B and C preferred shares for nonvoting common stock, simplifying its capital structure.
Risks
- Credit risk from commercial real estate concentration — Commercial real estate loans are 69.6% of the portfolio, making earnings sensitive to downturns in Florida real estate and local economic conditions.
- Interest rate risk and margin compression — Changes in interest rates could reduce the spread between loan yields and deposit costs, pressuring net interest margin.
- Rapid growth and operational strain — Sustained double-digit asset and loan growth may stress underwriting, capital, and operational capacity.
- Regulatory and competitive environment — As a state-chartered, FDIC-insured bank, it faces extensive regulation and intense competition for deposits and loans in its Florida markets.
Outlook
Management expects continued strong growth in loans and deposits, driven by demand for commercial real estate financing. The company aims to maintain or improve its net interest margin and return metrics, with ROAA and ROAE of 2.04% and 20.34% respectively in Q2 2026. Leadership focuses on executing strategic growth initiatives while managing costs.