OptimumBank Holdings, Inc. (the “Company”) (OPHC-NASDAQ) Announces First Quarter Results

May 16, 2024

https://www.globenewswire.com/news-release/2024/05/16/2883712/0/en/OptimumBank-Holdings-Inc-the-Company-OPHC-NASDAQ-Announces-First-Quarter-Results.html

Fort Lauderdale, FL, May 16, 2024 (GLOBE NEWSWIRE) — OptimumBank Holdings, Inc., (NASDAQ:OPHC) The Company had net earnings of $2.377 million for the 1st quarter ended March 31, 2024, compared with net earnings of $1.153 million for the 1st quarter ended March 31, 2023, an increase of 106%; in conjunction with $83 million of Stockholders’ equity. The Company’s only business is the ownership and operation of OptimumBank. To support future growth, the Company issued 2,311,552 common shares in a private placement transaction which closed in the first quarter.

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