OptimumBank Holdings, Inc. Financial Performance for the Second Quarter of 2026

OptimumBank Holdings, Inc. (NYSE American: OPHC) (the “Company”) is a financial holding company and owns 100% of OptimumBank (the “Bank”), a Florida-chartered commercial bank, OptimumHUD Loans, LLC (d/b/a as OptimumFunding, LLC), a wholly owned non-bank Bridge and HUD-lender and OptimumFinance, LLC, a non-bank, wholly owned financing subsidiary.

The Company is pleased to announce net income of $6.7 million, or $0.40 per basic share, and $0.28 per diluted share, for the second quarter of 2026, compared to $4.7 million, or $0.39 per basic share, and $0.20 per diluted share in the first quarter of 2026 and $3.6 million, or $0.31 per basic share, and $0.15 per diluted share, for the comparable quarter last year.

For the six months ended June 30, 2026, net income was $11.3 million, or $0.79 per basic share, and $0.48 per diluted share, compared to net income of $7.5 million, or $0.64 per basic share, and $0.32 per diluted share, for the six months ended June 30, 2025.

The increase of $3.8 million in net income for the six-month ended June 30, 2026, compared to the same period in 2025, was primarily driven by a $8.2 million improvement in net interest income and $1.2 million increase in noninterest income, partially offset by a $4.6 million increase in noninterest expenses and the corresponding increase in income tax expense.

Diluted shares include the impact of the exchange of Series B and C preferred shares to nonvoting common stock that occurred during the second quarter of 2026.

The Company will host a webcast call to discuss the results of the second quarter of 2026 on August 13, 2026, at 1:00pm ET. Those interested in viewing the Company’s presentation are encouraged to register for the live Webcast, at the following link: https://events.q4inc.com/attendee/432597526/guest?t=1784670390505 . Company management will also be available to respond to questions at the conclusion of the presentation.

The Company continued with strong growth throughout the second quarter of 2026. The gross loan portfolio increased by $126.2 million, or 11.6%, from March 31, 2026 to $1.2 billion at June 30, 2026. Total deposits increased by $121.2 million from March 31, 2026, totaling $1.2 billion at June 30, 2026, or 11.1% from the prior quarter. This also represents growth of $335.2 million in total deposits since June 30, 2025, or an increase of 38.1%.

Highlights for the Second Quarter of 2026

Net income of $6.7 million, or $0.40 per basic share, and $0.28 per diluted share (“diluted EPS”) for the quarter-ended June 30, 2026.Return on Average Assets (“ROAA”) was 2.04% for the second quarter of 2026, compared to 1.56% in the first quarter of 2026 (both annualized).Return on Average Equity (“ROAE”) was 20.34% for the second quarter of 2026, compared to 15.12% in the first quarter of 2026 (both annualized).Net interest margin was 4.57%, reflecting an 8 basis point increase from 4.49% in the first quarter of 2026.Total assets grew by $132.2 million to $1.4 billion from March 31, 2026.Total deposits increased by $121.2 million to $1.2 billion from March 31, 2026.Gross loans increased by $126.2 million during the quarter to $1.2 billion, compared to $1.1 billion at March 31, 2026.Total stockholders’ equity increased by $7.5 million to $134.4 million as of June 30, 2026, up from $126.9 million as of March 31, 2026, reflecting continued earnings retention.

During the second quarter, the Company successfully completed its previously announced leadership transition. Effective May 1, 2026, Moishe Gubin, who has served as Chairman of the Board for more than sixteen years, assumed the additional role of Chief Executive Officer.