Optimumbank Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 09:35 pm IST
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OptimumBank Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 723,000 compared to USD 782,000 a year ago. Net loss was USD 280,000 compared to USD 202,000 a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.13 a year ago. For the nine months, net interest income was USD 2.224 million compared to USD 2.294 million a year ago. Net loss was USD 856,000 compared to net income of USD 1.417 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to basic earnings per share from continuing operations of USD 1.03 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.
OPTIMUMBANK HOLDINGS, INC. 
