OptimumBank sees asset sales reaching $1.5B-$1.6B by end of 2026 (August 12)

OptimumBank (OPHC) on August 12 clarified statements made during its Q2 earnings webcast on August 7. “During the question-and-answer session, a member of the audience inquired about the company’s projected total assets at the end of 2026. In their response, both Chairman of the Board Moishe Gubin and Chief Executive Officer Tim Terry mistakenly provided the company’s projection for the end of 2025,” OptimumBank said in a statement. OptimumBank “is on track to continue its strong annual growth trajectory, which has consistently been in the range of 25% to 30% per year,” it added. OptimumBank reiterated its strategic plan to exceed the $1.2B asset mark by the end of 2025. “Building on this momentum and sustained annual growth of 25% to 30%, the Company projects total assets will reach between $1.5 billion and $1.6 billion by the end of 2026,” the company noted.