OptimumBank Holdings, Inc. (OPHC)

OptimumBank Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	52.05	31.76	17.95	9.76	6.41
Interest Income on Investments	7.58	4.02	1.93	0.63	0.3
Total Interest Income	59.63	35.78	19.88	10.39	6.71
Interest Paid on Deposits	22.96	11.6	3.23	0.65	1.28
Interest Paid on Borrowings	1.98	0.47	0.81	0.33	0.44
Total Interest Expense	24.94	12.07	4.05	0.99	1.72
Net Interest Income	34.69	23.71	15.84	9.4	4.99
Net Interest Income Growth (YoY)	46.29%	49.74%	68.40%	88.46%	59.53%
Gain (Loss) on Sale of Assets	-	-	-	0.34	-
Other Non-Interest Income	4.62	3.45	2.96	1.43	0.02
Total Non-Interest Income	4.62	3.45	2.96	1.77	0.29
Non-Interest Income Growth (YoY)	33.92%	16.62%	66.86%	503.40%	-
Revenues Before Loan Losses	39.31	27.17	18.8	11.18	5.28
Provision for Loan Losses	2.22	4.05	3.47	1.17	1.02
Revenue	37.09	23.12	15.33	10.01	4.26
Revenue Growth (YoY)	60.44%	50.80%	53.22%	134.64%	34.34%
Salaries and Employee Benefits	10.61	7.77	5.08	3.45	2.11
Occupancy Expenses	0.51	0.43	0.44	0.44	0.4
Federal Deposit Insurance	0.8	0.55	0.26	0.16	0.16
Selling, General & Administrative	4.5	3.36	2.48	1.77	1.5
Other Non-Interest Expense	3.04	2.17	1.69	1.12	0.88
Total Non-Interest Expense	19.46	14.29	9.94	6.94	5.05
EBT Excluding Unusual Items	17.63	8.83	5.39	3.07	-0.78
Legal Settlements	-	-0.38	-	-	-
Pretax Income	17.63	8.46	5.39	3.07	-0.78
Income Tax Expense	4.51	2.17	1.37	-3.23	-
Net Income	13.12	6.28	4.02	6.3	-0.78
Net Income to Common	13.12	6.28	4.02	6.3	-0.78
Net Income Growth	108.88%	56.18%	-36.10%	-	-
Basic Shares Outstanding	9	7	6	4	3
Diluted Shares Outstanding	10	7	6	4	3
Shares Change (YoY)	36.00%	21.56%	52.72%	32.88%	54.28%
EPS (Basic)	1.39	0.87	0.68	1.61	-0.27
EPS (Diluted)	1.33	0.87	0.68	1.61	-0.27
EPS Growth	53.23%	28.48%	-58.16%	-	-
Effective Tax Rate	25.56%	25.71%	25.39%	-	-

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q