Business
OptimumBank Celebrates Record Year and Bold Outlook at 2025 Annual Shareholder Meeting
Fort Lauderdale, Florida--(Newsfile Corp. - May 2, 2025) - OptimumBank Holdings, Inc. (NYSE American: OPHC) held its Annual Shareholder Meeting on April 29, highlighting the strongest performance in the bank's close to 25-year history and laying out a strategic roadmap toward surpassing $1 billion in assets. Chairman Moishe Gubin, CEO Tim Terry, and the board addressed shareholders in a 30-minute virtual meeting, delivering record financial results and fielding audience questions on growth, tech
About this update from Optimumbank Holdings, Inc.
[{"type":"text","content":"Fort Lauderdale, Florida--(Newsfile Corp. - May 2, 2025) - OptimumBank Holdings, Inc. (NYSE American: OPHC) held its Annual Shareholder Meeting on April 29, highlighting the strongest performance in the bank's close to 25-year history and laying out a strategic roadmap toward surpassing $1 billion in assets. Chairman Moishe Gubin, CEO Tim Terry, and the board addressed shareholders in a 30-minute virtual meeting, delivering record financial results and fielding audience questions on growth, technology, capital strategy, and digital innovation.","length":553,"tagName":"p"},{"type":"text","content":""We're not just knocking on the door of a billion-dollar balance sheet-we're charging through it, God willing," said Chairman Moishe Gubin. "2024 was a landmark year by every measure, and our focus now is sustaining this trajectory with discipline, agility, and vision."","length":298,"tagName":"p"},{"type":"text","content":"The entire meeting can be viewed here: OptimumBank Shareholder Meeting Webcast Link","length":83,"tagName":"p"},{"type":"text","content":"The shareholder presentation deck can be viewed here: OptimumBank Shareholder Presentation ","length":90,"tagName":"p"},{"type":"text","content":"Record-Breaking Financial Results","length":33,"tagName":"p"},{"type":"text","content":"Chairman Gubin outlined the financial highlights of 2024:","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total assets rose 18% to nearly $933 million","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Equity increased 47% to $103 million","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Net earnings reached $13.1 million","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"Core ROAE exceeded 23%, with net interest margin hitting a 10-year high of 3.83%","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Loans surpassed $800 million, fueled by six-fold SBA production growth","length":70,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":264,"olType":false},{"type":"text","content":""We've built a powerful and efficient platform with ROE at 15.28% and core ROE over 23%. If we stopped growing today, we could operate as an atm machine. But our sights are set higher, this is a compounding engine," Gubin added.","...