Optimumbank Holdings Inc (OPHC) |
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Price: $4.3400
$0.12
2.844%
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Day's High:
| $4.34
| Week Perf:
| -0.91 %
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Day's Low: |
$ 4.34 |
30 Day Perf: |
0.23 % |
Volume (M): |
1 |
52 Wk High: |
$ 4.92 |
Volume (M$): |
$ 5 |
52 Wk Avg: |
$3.46 |
Open: |
$4.34 |
52 Wk Low: |
$2.77 |
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Market Capitalization (Millions $) |
31 |
Shares
Outstanding (Millions) |
7 |
Employees |
17 |
Revenues (TTM) (Millions $) |
23 |
Net Income (TTM) (Millions $) |
6 |
Cash Flow (TTM) (Millions $) |
5 |
Capital Exp. (TTM) (Millions $) |
1 |
Optimumbank Holdings Inc
OptimumBank Holdings, Inc. is a Florida corporation formed in 2004 as a bank
holding company for OptimumBank (the “Bank”). The Company’s
only business is the ownership and operation of the Bank and its Bank’s
subsidiaries. The Bank is a Florida state chartered bank established in 2000,
with deposits insured by the Federal Deposit Insurance Corporation (“FDIC”).
The Bank offers a variety of community banking services to individual and corporate
customers through its three banking offices located in Broward County, Florida.
The Bank has 8 wholly-owned subsidiaries primarily engaged in holding and disposing
of foreclosed real estate and one subsidiary primarily engaged in managing foreclosed
real estate.
The Company is subject to the supervision and regulation of the Board of Governors
of the Federal Reserve System (the “Federal Reserve”). OptimumBank
is subject to the supervision and regulation of the State of Florida Office
of Financial Regulation (“OFR”) and the FDIC. OptimumBank is a member
of the Federal Home Loan Bank of Atlanta.
The Bank’s revenues are primarily derived from interest on, and fees
received in connection with, real estate, and other loans, and from interest
from mortgage-backed securities and short-term investments. The principal sources
of funds for the Bank’s lending activities are deposits, borrowings, repayment
of loans, and the repayment, or maturity of investment securities. The Bank’s
principal expenses are the interest paid on deposits, and operating and general
administrative expenses.
As is the case with banking institutions generally, the Bank’s operations
are materially and significantly influenced by general economic conditions and
by related monetary and fiscal policies of financial institution regulatory
agencies, including the Federal Reserve and the FDIC. Deposit flows and costs
of funds are influenced by interest rates on competing investments and general
market rates of interest. Lending activities are affected by the demand for
financing of real estate and other types of loans, which in turn is affected
by the interest rates at which such financing may be offered and other factors
affecting local demand and availability of funds. The Bank faces strong competition
attracting deposits (its primary source of lendable funds) and originating loans.
The Bank provides a range of consumer and commercial banking services to individuals
and businesses. The basic services offered include: demand interest-bearing
and noninterest-bearing accounts, money market deposit accounts, NOW accounts,
time deposits, Visa debit and ATM cards, cash management, direct deposits, notary
services, money orders, night depository, cashier’s checks, domestic collections,
drive-in tellers, and banking by mail. The Bank makes residential and commercial
real estate loans and consumer loans. The Bank offers business lending lines
for working capital needs. Growing businesses can use the loans to expand inventory,
take discounts, offset receivables, or establish new structured financing and
repayment plans that are consistent with the cash flow of the business. The
Bank 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 does not have trust powers and provides no trust
services.
The Bank offers real estate, commercial and consumer loans, to individuals
and small businesses and other organizations that are located in or conduct
a substantial portion of their business in its market area. The Bank’s
market area consists of the tri-county area of Broward, Miami-Dade and Palm
Beach counties. The Bank’s net loans at December 31, 2015 were $82.6 million,
or 64.8% of total assets. The interest rates charged on loans varied with the
degree of risk, maturity, and amount of the loan, and are further subject to
competitive pressures, money market rates, availability of funds, and government
regulations. The Bank has no foreign loans.
The Bank’s loan portfolio is concentrated in two major areas: residential
and commercial real estate loans. As of December 31, 2015, 73.4% of the loan
portfolio consisted of loans secured by mortgages on real estate, of which approximately
28.6% of the total loan portfolio was secured by one-to-four family residential
properties. The real estate loans are located primarily in the tri-county market
area.
The Bank’s real estate loans are secured by mortgages and consist primarily
of loans to individuals and businesses for the purchase or improvement of, or
investment in, real estate. These real estate loans were made at fixed or variable
interest rates and are normally adjustable rate mortgages which adjust annually
after the initial three to five year period. The Bank’s fixed rate loans
generally are for terms of five years or less, and are repayable in monthly
installments based on a maximum 30-year amortization schedule.
Loan originations are derived primarily from director and employee referrals,
existing customers, and direct marketing. Certain credit risks are inherent
in making loans. These include prepayment risks, risks resulting from uncertainties
in the future value of collateral, risks resulting from changes in economic
and industry conditions including interest rates, and risks inherent in dealing
with individual borrowers. A significant portion of the Bank’s portfolio
is collateralized by real estate in South Florida, which is susceptible to local
economic downturns. The Bank attempts to minimize credit losses through various
means. On larger credits, it relies on the cash flow and assets of a debtor
as the source of repayment as well as the value of the underlying collateral.
The Bank also generally limits its loans to up to 80% of the value of the underlying
real estate collateral. The Bank generally charges a prepayment penalty if a
loan is repaid within the first two to three years of origination to recover
any costs it paid for the origination of the loan.
Company Address: 2929 East Commercial Blvd. Suite 303 Fort Lauderdale 33308 FL
Company Phone Number: 900-2800 Stock Exchange / Ticker: NASDAQ OPHC
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Customers Net Income fell by |
OPHC's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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Stock Performances by Major Competitors |
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Optimumbank Holdings Inc
Optimumbank Holdings Inc (OPHC) has reported its financial results for the three-month period from October to December 31, 2023. The company showcased remarkable growth in revenue and income compared to the same reporting season a year ago. This article will outline the key facts and interpret the results to provide a comprehensive understanding of OPHC's performance. 1. Revenue and Income Growth: During the most recent reporting period, OPHC experienced a substantial increase in revenue, rising by 51.427% to $7.11 million. This surge followed a Q3 revenue increase of 32.199% from $5.38 million. Furthermore, the company's income jumped by 66.21% to $0.31 per share from the previous reporting season, compared to a 71.15% EPS increase from $0.18 per share in Q3.
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Optimumbank Holdings Inc
Optimumbank Holdings Inc Posts Impressive Jump in Profitability in Q3 2023 Optimumbank Holdings Inc, a leading commercial banking company, recently announced its third-quarter earnings results for 2023, which showcased a remarkable surge in profitability and revenue growth. These strong financial figures are a testament to the company's solid performance and strategic initiatives. During the third quarter of 2023, Optimumbank Holdings Inc recorded a significant advancement in profitability, with earnings per share jumping by an impressive 63.64% to $0.18 compared to the previous year's figures. This substantial increase is reflective of the company's strong operating efficiency and effective cost management strategies.
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Optimumbank Holdings Inc
/>Optimumbank Holdings Inc. recently unveiled its financial results for the fiscal time-frame ending on June 30, 2023. The company's earnings per share (EPS) demonstrated a commendable annual growth rate of 12.5%, highlighting its commitment to delivering solid returns for its shareholders. Additionally, the revenue for this period experienced a remarkable surge of 60.522% compared to the previous fiscal year. While these results demonstrate considerable progress, the recent decline in Optimumbank Holdings Inc.'s stock performance is a cause for concern. This article will delve into the context of the financial results and analyze the potential reasons for the stock's decline. Impressive Financial Results: In terms of earnings per share, Optimumbank Holdings Inc. showed a growth rate of 12.5%, amounting to $0.18 per share compared to $0.16 per share in the preceding year. The company's revenue during the fiscal time-frame ending in June 2023 ascended significantly by 60.522%, reaching a total of $5.66 million, compared to $3.53 million recorded in the previous fiscal year.
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Optimumbank Holdings Inc
Investing in the stock market can be a risky venture, and it's important to exercise caution before making any decisions. With that in mind, let's take a closer look at the recent financial results for Optimumbank Holdings Inc. (OPHC) and what they might mean for potential investors. OPHC recently announced a net profit per share of $0.16 and revenue of $4.70 million in the first quarter of 2023, which is a decrease from the previous financial quarter. While revenue rose by 42.554% in the comparable period, profits decreased $0.16 per share versus $0.17 EPS earned in the financial interval ending March 31, 2022. Additionally, in the prior reporting period, OPHC realized revenue of $4.70 million and $0.19 per share. Despite the decrease in profits, OPHC's net earnings of $1.153 million in the first quarter of 2023 increased by 34.85% from breakeven achieved in the corresponding reporting period a year ago. As a result, OPHC shifted its focus on improving sales in the first quarter of 2023, which led to a net margin easing to 23.21%. However, operating earnings rose 35.02% to $1.546 million. It's important to note that OPHC is expected to report its next financial results on August 7, 2023. This leaves some uncertainty as to what might happen in the coming months. Additionally, there are other factors that could impact OPHC's financial performance, such as changes in the market or economic conditions.
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Per Share |
Current |
Earnings (TTM) |
0.83 $ |
Revenues (TTM) |
3.2 $
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Cash Flow (TTM) |
0.67 $ |
Cash |
3.37 $
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Book Value |
9.69 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
0.83 $
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Revenues (TTM) |
3.2 $ |
Cash Flow (TTM) |
0.67 $ |
Cash |
3.37 $
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Book Value |
9.69 $ |
Dividend (TTM) |
0 $ |
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Company Estimates |
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• Revenue Outlook
Optimumbank Holdings Inc does not provide revenue guidance.
• Earnings Outlook
Optimumbank Holdings Inc does not provide earnings estimates.
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