OptimumBank Celebrates Record Year and Bold Outlook at 2025 Annual Shareholder Meeting

Fort Lauderdale, Florida--(Newsfile Corp. - May 2, 2025) - OptimumBank Holdings, Inc. (NYSE American: OPHC) held its Annual Shareholder Meeting on April 29, highlighting the strongest performance in the bank's close to 25-year history and laying out a strategic roadmap toward surpassing $1 billion in assets. Chairman Moishe Gubin, CEO Tim Terry, and the board addressed shareholders in a 30-minute virtual meeting, delivering record financial results and fielding audience questions on growth, technology, capital strategy, and digital innovation.

"We're not just knocking on the door of a billion-dollar balance sheet-we're charging through it, God willing," said Chairman Moishe Gubin. "2024 was a landmark year by every measure, and our focus now is sustaining this trajectory with discipline, agility, and vision."

The entire meeting can be viewed here: OptimumBank Shareholder Meeting Webcast Link

The shareholder presentation deck can be viewed here: OptimumBank Shareholder Presentation

Record-Breaking Financial Results

Chairman Gubin outlined the financial highlights of 2024:

• Total assets rose 18% to nearly $933 million

• Equity increased 47% to $103 million

• Net earnings reached $13.1 million

• Core ROAE exceeded 23%, with net interest margin hitting a 10-year high of 3.83%

• Loans surpassed $800 million, fueled by six-fold SBA production growth

"We've built a powerful and efficient platform with ROE at 15.28% and core ROE over 23%. If we stopped growing today, we could operate as an atm machine. But our sights are set higher, this is a compounding engine," Gubin added.

Shareholder Alignment and Employee Ownership

In a nod to internal culture, Gubin revealed that a majority of OptimumBank employees are also shareholders. "I was surprised; most of our employees still own their stock. That kind of belief in what we're doing is powerful. It motivates the board, and it shows we're all aligned in this journey," he said.

Addressing the company's valuation, Gubin stated, "Our stock is still trading below book. For a high-performing bank, we believe the market will catch up. There's a strong argument that more investors should own our stock."

Strategic Outlook: Capital, M&A, and Diversification

In the Q&A segment, Gubin spoke directly to investor concerns on dilution and dividends. "Our board is anti-dilutionary. I've been given authority to sell only above book," he said. "While capital raises of $10 to $30 million are possible in 2025, they will be strategic and accretive."