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Add as a preferred source on GoogleOptimumBank Targets $48 Million to $50 Million Pretax Pre-Provision Earnings Run Rate
CEO Moishe Gubin called third-quarter net income of about $7.2 million a record. The bank is also pursuing a HUD license targeted for 2027.
Management at OptimumBank Holdings, Inc. is targeting an annual pretax, pre-provision earnings run rate of $48 million to $50 million while pursuing a Department of Housing and Urban Development (HUD) license targeted for 2027.
Third-quarter net income was about $7.2 million. CEO Moishe Gubin described it as a record. Net interest income reached $16.8 million, while net interest margin expanded to 4.63%.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.