secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000927089-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Q4 net income falls 41.9% to $1.2M; FY net income up 22.8% to $7.9M
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- Q4 net income $1.2M ($0.58 basic EPS) vs $2.1M ($1.04) a year ago; decrease driven by higher non-interest expense and lower non-interest income.
- Full-year 2022 net income $7.9M ($3.85 basic EPS), up 22.8% from $6.4M ($3.21) in 2021; net interest income and non-interest income rose.
- Total assets grew 43.0% to $792.4M; loans receivable net increased 53.9% and loans held for sale rose 23.6%.
- Non-performing assets were 0.30% of total assets at Dec. 31, 2022; Texas ratio 3.93%; allowance for loan losses at 1.22%.
- Quarterly cash dividend of $0.13/share declared, payable Feb. 6, 2023 to holders of record Jan. 23, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000007/0000927089-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000007/qnto20230131_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-23-000007

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