Optimumbank | 10-Q: FY2025 Q3 Revenue: USD 18.3 M

Revenue: As of FY2025 Q3, the actual value is USD 18.3 M.

EPS: As of FY2025 Q3, the actual value is USD 0.18.

EBIT: As of FY2025 Q3, the actual value is USD -5.385 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended September 30, 2025, was $16.3 million, compared to $15.3 million for the same period in 2024, representing a 6% increase.
• Noninterest Income: Total noninterest income for the three months ended September 30, 2025, was $2.0 million, compared to $1.1 million for the same period in 2024, representing a 78% increase.

Operational Metrics

• Net Interest Income: Net interest income for the three months ended September 30, 2025, was $11.0 million, compared to $9.0 million for the same period in 2024, representing a 23% increase.
• Net Earnings: Net earnings for the three months ended September 30, 2025, were $4.3 million, compared to $3.3 million for the same period in 2024, representing a 31% increase.
• Credit Loss Expense: Credit loss expense for the three months ended September 30, 2025, was $0.76 million, compared to $0.36 million for the same period in 2024, representing a 114% increase.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $11.2 million, compared to $9.6 million for the same period in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $7.3 million, compared to - $98.2 million for the same period in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $137.5 million, compared to $143.5 million for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses totaled $10.0 million or 1.23% of loans outstanding at September 30, 2025, compared to $8.7 million or 1.08% of loans outstanding at December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The strategic plan emphasizes growth in earning assets, core transaction deposits, and treasury management fee income, while operating with an efficient cost structure. The company plans to expand its South Florida customer base and explore additional niche lines of business.
• Non-Core Business: The company is investing in technology to improve efficiency in treasury management services, particularly for merchant cash advance providers, with expected efficiencies throughout 2025 and beyond.