OptimumBank raises annual EPS outlook to about $1-$1.15 - OPHC News | RalliesOptimumBank raises annual EPS outlook to about $1-$1.15
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OPHC• OptimumBank lifts annual EPS outlook after stronger second quarter
- OptimumBank lifted its forward annual earnings outlook to about $1-$1.15 per share, citing a quarterly run rate near $0.28 per share.
- Q2 net income reached $6.7 million, up 43% from Q1; diluted EPS was $0.28.
- Net interest income rose to $14.7 million; net interest margin widened to 4.57%.
- Noninterest income increased to $2.5 million; the quarter included a $37,000 reversal of credit loss expense.
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