The bank prioritizes organic capital retention, as evidenced by the absence of dividend payments over the last ten quarters, while utilizing tactical $1 million long-term debt cycles to manage liquidity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Cash from Operations | 22.58M | 17.84M | 15.61M | 6.88M | 10.36M | 3.76M | -1.46M | -558K | 24K | 570K | 551K | 627K | 1.3M | -2.97M | -2.66M | -885K | 1.68M | 1.2M | 3.13M | 2.17M | 3.76M | 2.95M | 3.95M | 2.74M |
| Operating CF Growth % | 209.05% | 14.33% | 126.75% | -33.57% | 175.31% | 358.09% | -161.29% | -2425% | -95.79% | 3.45% | -12.12% | -51.88% | 143.93% | -11.38% | -200.9% | -152.71% | 39.8% | -61.63% | 43.91% | -42.14% | 27.38% | -25.22% | 44.07% | - |
| Net Income | 17.44M | 16.65M | 13.12M | 6.28M | 4.02M | 6.3M | -782K | -1.1M | 796K | -589K | -396K | -163K | 1.6M | -7.08M | -4.7M | -3.75M | -8.45M | -11.48M | 520K | 1.74M | 1.83M | 1.6M | 1.57M | 974K |
| Depreciation & Amortization | 196K | 884K | 599K | 560K | 569K | 302K | 327K | 262K | 159K | 149K | 156K | 157K | 176K | 198K | 128K | 105K | 158K | 186K | 201K | 597K | 872K | 422K | 402K | 99K |
| Deferred Taxes | -504K | -462K | 10K | 821K | 1.37M | -3.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 772K | -204K | -604K | -13K | -138K | -118K | -279K | 517K |
| Other Non-Cash Items | 6.3M | 1.92M | 2.16M | 4.04M | 3.19M | 61K | 990K | 339K | -1.52M | 200K | 336K | 692K | -508K | 3.75M | 2.22M | 780K | 6.02M | 15.84M | 2.76M | 476K | 63K | 901K | 1.03M | 1.66M |
| Working Capital Changes | -1.87M | -2.03M | -781K | -5.32M | 832K | 132K | -2.21M | -260K | 586K | 789K | 281K | -301K | -209K | 109K | -340K | 1.98M | 3.18M | -3.14M | 256K | -627K | 1.13M | 145K | 1.22M | -511K |
| Cash from Investing | -295.94M | -156.68M | -125.47M | -199.66M | -229.8M | -108.76M | -62.77M | -25.32M | -6.02M | 17.48M | 14.37M | -5.7M | 2.78M | 1.14M | 10.26M | 41.24M | 50.99M | 6.6M | -14.49M | -16.94M | -20.73M | -44.42M | -28.27M | -64.06M |
| Purchase of Investments | -4.69M | -2.35M | 0 | 0 | 0 | -19.51M | -15.72M | -4.16M | 0 | 0 | -27.74M | -12.31M | -20.44M | -15.67M | 0 | -5.05M | -24.33M | -24.06M | -36.14M | -34.22M | -12.28M | -8.59M | -11.46M | -67.17M |
| Sale/Maturity of Investments | 612K | 1.3M | 1.3M | 1.61M | 2.64M | 5.32M | 4.69M | 2.48M | 1.72M | 8.64M | 32.73M | 12.55M | 16.79M | 10.69M | 11.01M | 26.26M | 56.26M | 25.61M | 11.4M | 9.19M | 3.97M | 6.38M | 3.44M | 4.82M |
| Net Investment Activity | -4.08M | -1.05M | 1.3M | 1.61M | 2.64M | -14.19M | -11.03M | -1.67M | 1.72M | 8.64M | 5M | 233K | -3.65M | -4.99M | 11.01M | 21.21M | 31.93M | 1.55M | -24.74M | -25.02M | -8.31M | -2.21M | -8.02M | -62.35M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -291.41M | -154.33M | -125.78M | -200.61M | -232.12M | -94.19M | -51.55M | -23.14M | -7.5M | 8.93M | 9.47M | -5.91M | 6.56M | 6.29M | -405K | 20.03M | 19.07M | 5.07M | 10.29M | 7.57M | -12.26M | -42M | -17.86M | -250K |
| Cash from Financing | 269.92M | 159.77M | 126.83M | 197.61M | 232.31M | 109.34M | 109.93M | 26.83M | 2.31M | -24.02M | -7.64M | 3.37M | -5.89M | -7.9M | -6.76M | -31.95M | -75.08M | 25.77M | 13.88M | 13.86M | 17.42M | 39.4M | 27M | 58.06M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2K | -1K | 0 | 0 | 0 | 0 |
| Share Repurchases | -9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | -19K | 217K | 17.89M | 324K | 9.87M | 3.64M | 540K | 0 | 525K | 30K | 375K | 30K | 1.27M | 124K | 3.63M | 8.64M | 0 | 0 | 0 | 78K | 144K | 0 | 198K | 304K |
| Net Stock Activity | -28K | 217K | 17.89M | 324K | 9.87M | 3.64M | 540K | 0 | 525K | 30K | 375K | 30K | 1.27M | 124K | 3.63M | 8.64M | 0 | 0 | 0 | 78K | 144K | 0 | 198K | 304K |
| Debt Issuance (Net) | -1000K | 0 | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 0 | -1000K | -1000K | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 239.95M | 159.56M | 132.61M | 131.68M | 215.44M | 101.7M | 89.39M | 38.99M | -2.31M | -21.05M | -11.59M | 5.98M | -7.16M | -3.06M | -6.39M | -40.58M | -3.58M | 36.77M | -10.87M | -4.47M | 15.47M | 16.14M | 17.25M | 0 |
| Net Change in Cash | -3.44M | 20.93M | 16.97M | 4.83M | 12.87M | 4.34M | 45.7M | 951K | -3.68M | -5.97M | 7.28M | -1.71M | -1.81M | -9.73M | 835K | 8.41M | -22.42M | 33.56M | 2.52M | -903K | 450K | -2.07M | 2.68M | -3.26M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 114.56M | 93.63M | 76.66M | 71.84M | 58.97M | 54.63M | 8.93M | 7.98M | 11.66M | 17.64M | 10.37M | 12.07M | 13.88M | 23.61M | 22.78M | 14.37M | 36.78M | 3.22M | 701K | 1.6M | 1.15M | 3.22M | 539K | 3.8M |
| Cash at End | 140.02M | 114.56M | 93.63M | 76.66M | 71.84M | 58.97M | 54.63M | 8.93M | 7.98M | 11.66M | 17.64M | 10.37M | 12.07M | 13.88M | 23.61M | 22.78M | 14.37M | 36.78M | 3.22M | 701K | 1.6M | 1.15M | 3.22M | 539K |
| Interest Paid | 22.04M | 21.73M | 26.43M | 11.8M | 3.93M | 1.04M | 2.68M | 1.76M | 931K | 980K | 874K | 723K | 753K | 1.93M | 2.46M | 3.28M | 4.92M | 8.53M | 9.23M | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 6.38M | 6.86M | 2.23M | 1.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300K | 928K | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 22.13M | 16.95M | 14.62M | 6.21M | 10.04M | 3.38M | -1.66M | -1.07M | -210K | 476K | 450K | 603K | 1.17M | -3.14M | -3.01M | -885K | 1.67M | 1.17M | 3.08M | 2.17M | 3.61M | 2.73M | 1.56M | 1.28M |
| FCF Growth % | 45.75% | 15.93% | 135.23% | -38.1% | 196.81% | 303.98% | -55.39% | -408.1% | -144.12% | 5.78% | -25.37% | -48.46% | 137.3% | -4.36% | -239.66% | -153.12% | 42.64% | -62.13% | 41.79% | -39.68% | 31.94% | 75.64% | 21.37% | - |
Broward County real estate concentration
Based on reported financial figures, OPHC has consistently retained all net income, as evidenced by the absence of dividend payments over the last ten quarters, which appears to support the bank's ability to fund its 10.70% revenue growth through internal capital accumulation rather than external equity issuance.
The bank's decision to forgo dividends suggests a strategic focus on bolstering regulatory capital buffers to support its specialized construction lending niche. This internal capital generation model appears to provide the necessary flexibility to navigate the cyclicality of the South Florida real estate market without relying on dilutive financing.
As indicated by the quarterly cash flow data, OPHC maintains a negligible investment securities portfolio, with purchase activity rarely exceeding $2.4 million in any given quarter, suggesting that the bank prioritizes direct loan origination over the maintenance of a large, liquid secondary market securities portfolio.
The limited scale of investment purchases relative to the bank's size implies that liquidity management is primarily handled through cash balances and loan book turnover rather than a complex securities strategy. Investors should monitor whether this lack of a secondary liquidity buffer increases sensitivity to sudden deposit outflows in the Broward County market.
According to the provided cash flow statements, OPHC's provision for loan losses has fluctuated significantly, reaching a high of $1.1 million in 2024Q1 and a reversal of $165,000 in 2025Q1, which highlights the inherent credit risk associated with the bank's concentrated construction lending portfolio.
The variability in these provisions suggests that management is actively adjusting reserves to account for the idiosyncratic risks of local development projects. This volatility warrants further investigation into whether these adjustments are purely reactive to specific project delays or indicative of broader credit quality shifts within the Broward County corridor.
Based on the reported cash flow data, OPHC frequently cycles $1 million in long-term debt, which appears to be a tactical management tool for liquidity rather than a structural necessity, given the bank's otherwise conservative debt-to-equity profile and reliance on core deposit funding for its operations.
The recurring issuance and repayment of debt suggest that the bank may be utilizing wholesale funding to bridge temporary gaps in loan origination timing. This behavior implies that while the bank is not structurally over-leveraged, it remains sensitive to the cost and availability of institutional debt markets to manage its cash flow lumpy-ness.
Quick answers to the most common questions about buying OPHC stock.
OptimumBank Holdings, Inc. (OPHC) generated $17.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
OptimumBank Holdings, Inc. (OPHC) generated $16.9M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
OptimumBank Holdings, Inc. (OPHC) spent $0.9M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.