OptimumBank Holdings, Inc. (NYSE American: OPHC) announced a 63% surge in net income for the first quarter of 2025, reaching $3.9 million or $0.33 per basic share, compared to the previous year. This growth is primarily due to a 21.7% increase in net interest income, totaling $9.43 million, and an enhanced net interest margin of 4.06%, up from 3.70%. The bank's loan portfolio expanded to $800.2 million, with deposits rising to $852.93 million, reflecting robust customer growth and stable funding. Furthermore, OptimumBank's Tier 1 capital ratio improved to 11.71%, underscoring its financial strength. A significant post-quarter milestone was the full recovery of a $5.6 million non-performing loan, which slashed non-performing assets by about 75%.
Since its inception in 2000, OptimumBank has positioned itself as a reliable alternative to larger banks in South Florida, specializing in real estate and commercial lending. The Q1 2025 results demonstrate the bank's adeptness at leveraging market opportunities and sustaining a solid financial stance in a changing economic landscape.
