OptimumBank Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 08:36 pm IST
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OptimumBank Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 5.59 million compared to USD 3.75 million a year ago. Net income was USD 1.31 million compared to USD 0.945 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.16 a year ago.
For the six months, net interest income was USD 10.65 million compared to USD 6.98 million a year ago. Net income was USD 2.47 million compared to USD 1.8 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.33 a year ago.
OptimumBank Holdings, Inc. is a bank holding company for OptimumBank (the Bank). The Bank is a state-chartered bank, which offers a variety of community banking services to individual and corporate customers through its two banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. The Bankâs services offered includes demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, negotiable order of withdrawal (NOW) accounts, time deposits, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashierâs checks, domestic collections, and banking by mail. It provides ATM cards and Visa debit cards, as a part of the Star, Presto and Cirrus networks, thereby permitting customers to utilize the convenience of ATMs worldwide. The Bank offers business lending lines for working capital needs.