---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-23-000064"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:46:44.606550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak Bancorp Q1 net income plunges 75% to $563K on margin compression and lower fee income

## Summary
- Net income of $563K ($0.26 basic EPS) vs $2.2M ($1.12) a year ago, down 75% YoY.
- Net interest margin narrowed to 2.72% from 4.15% as average money market rates rose 321 bps.
- Non-interest income fell $2.1M (38.6%) led by 79% drop in net gain on loan sales.
- Deposits grew $5.2M to $554.4M; non-interest-bearing deposits increased $6.5M.
- Asset quality improved: NPLs/loans 0.25%, NPAs/assets 0.19%, Texas ratio 2.73%; capital up $13.7M.

## SEC filing metadata
- accession: 0000927089-23-000064
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000064/0000927089-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000064/qnto20230428_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-23-000064
- JSON: https://secwatch.observer/filing/0000927089-23-000064.json
- Plain text: https://secwatch.observer/filing/0000927089-23-000064.txt

## Key facts
- Earnings Releases
  QUAINT OAK BANCORP, INC. reported quarter ended March 31, 2023 results: net income $563,000, EPS $0.26 per basic and $0.25 per diluted share.
  - Period: quarter ended March 31, 2023
  - Net income: $563,000
  - EPS: $0.26 per basic and $0.25 per diluted share
  - Result: reported results
  source text: Quaint Oak Bancorp, Inc. (the "Company") (OTCQB: QNTO), the holding company for Quaint Oak Bank (the "Bank"), announced today that net income for the quarter ended March 31, 2023 was $563,000, or $0.26 per basic and $0.25 per diluted share, compared to $2.2 million, or $1.12 per basic and $1.05 per diluted share for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000064/0000927089-23-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.