The raised guidance to $1.00-$1.15 EPS and record profitability metrics signal a strong fundamental trajectory. Monitor the upcoming 10-Q for detailed segment performance and loan growth sustainability. The simplified capital structure removes preferred overhang, which could attract additional institutional interest.
Price Chart
Executive Summary
OptimumBank reported record Q2 2026 earnings with net income of $6.7M (+85% YoY), revenue growth, and raised forward annual EPS guidance to $1.00-$1.15. The filing also details a capital structure simplification via preferred-to-common exchange and expansion of lending platforms. Strong profitability metrics (core ROE 26.9%, NIM 4.57%) and credit quality reinforce the positive trajectory.
Key Facts
- Record quarterly net income of $6.7M, up 85% YoY and 43% QoQ
- Raised forward annual EPS guidance to $1.00-$1.15 per share
- Net interest income grew to $14.7M, NIM expanded to 4.57%
- Core pretax, preprovision earnings of $8.8M; annualized core ROE of 26.9%
- Total assets surpassed $1.4B for the first time
- Completed exchange of all Series B and Series C Convertible Preferred Stock into non-voting common stock
- Credit quality strong: allowance for credit losses to loans at 0.91%, NPAs at 0.22% of assets, net charge-offs at 0%
- Tier 1 leverage ratio of 10.54%
Financial Impact
Record quarterly net income of $6.7M; raised annual EPS guidance to $1.00-$1.15; net interest income $14.7M; total assets $1.40B
Risk Factors
- Forward guidance is aspirational and depends on continued loan growth and stable credit conditions
- Rising interest expense could pressure NIM expansion if deposit costs accelerate
- Rapid asset growth (28% CAGR) may strain operational infrastructure and credit underwriting
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-037611 |
| Document: form8-k.htm | 0001493152-26-037611 |
| Document: 0001493152-26-037611-index-headers.html | 0001493152-26-037611 |
| Document: 0001493152-26-037611-index.html | 0001493152-26-037611 |
| Document: 0001493152-26-037611.txt | 0001493152-26-037611 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | EFFECT | $9.23 $8.92 | ▼ −3.36% | ▼ −2.17% | $9.00 (−2.49%) |
Sep 10, 2026 6w ago | S-4 | $9.07 $9.33 | ▲ +2.87% | ▲ +3.09% | $9.00 (−0.77%) |
Aug 13, 2026 10w ago | 8-K | $9.18 $9.22 | ▲ +0.44% | ▲ +2.40% | $9.00 (−1.96%) |
Jul 24, 2026 13w ago | 8-K | $6.30 $7.05 | ▲ +11.90% | ▲ +11.53% | $9.00 (+42.86%) |
May 5, 2026 25w ago | 8-K | $5.59 $5.51 | ▼ −1.43% | ▼ −3.42% | $9.00 (+61.00%) |
Apr 24, 2026 26w ago | 8-K | $5.52 $5.46 | ▲ +1.09% | ▲ +2.00% | $9.00 (−63.04%) |
Apr 24, 2026 26w ago | Press Release | $5.52 $5.46 | ▲ +1.09% | ▲ +2.00% | $9.00 (−63.04%) |
US Market Status
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