OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2024 [Yahoo! Finance]
OptimumBank Holdings, Inc. (OPHC)
US:NASDAQ Investor Relations:
optimumbank.com/information-center/investor-relations
Company Research
Source: Yahoo! Finance
reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year. Key Financial Highlights: Net interest income for the third quarter of 2024 reached $8.962 million, a significant increase of 51.5% from $5.914 million in the third quarter of 2023, primarily driven by a 44.9% rise in average interest-earning assets. Net interest margin increased to 3.96%, up from 3.79% in the third quarter of 2023, reflecting growth in average interest-earning assets and the impact of higher costs on interest-bearing deposits. Noninterest income increased to $1.115 million for the third quarter of 2024, a 22.4% increase from $911,000 for the same period in
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News
- OptimumBank Holdings, Inc. (NASDAQ: OPHC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- OptimumBank Holdings, Inc. Financial Performance for the Third Quarter of 2024GlobeNewswire
- OptimumBank Holdings, Inc. (NASDAQ: OPHC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- OptimumBank Holdings, Inc. (NASDAQ: OPHC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- OptimumBank Holdings, Inc. (NASDAQ: OPHC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
OPHC
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/24/24 - Form 8-K
- OPHC's page on the SEC website