---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-23-000117"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:53:17.420479+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak Q2 net income $570K, down 68% YoY; net interest margin falls to 2.66%

## Summary
- Net income $570K ($0.25 EPS) vs $1.8M ($0.87) in Q2 2022, a 68% decline; H1 2023 net income $1.1M ($0.51) vs $4.0M ($1.99).
- Net interest margin compressed to 2.66% from 3.54%; interest rate spread shrank from 3.37% to 1.83%.
- Non-interest income down 21.3% as net gain on loan sales fell 62.5%; management cites scarcity of liquidity from Fed balance sheet contraction.
- Non-performing assets only $73K (0.01% of assets); Texas Ratio at 0.13% as of June 30, 2023.
- Issued $14M aggregate subordinated notes due 2025; deposits rose 4.4% to $573.4M; FHLB borrowings reduced 28.4% to $114.0M.

## SEC filing metadata
- accession: 0000927089-23-000117
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000117/0000927089-23-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000117/qnto20230728_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-23-000117
- JSON: https://secwatch.observer/filing/0000927089-23-000117.json
- Plain text: https://secwatch.observer/filing/0000927089-23-000117.txt

## Key facts
- Earnings Releases
  QUAINT OAK BANCORP, INC. reported six months ended June 30, 2023 results: net income $1.1 million, EPS $0.51 per basic and diluted share.
  - Period: six months ended June 30, 2023
  - Net income: $1.1 million
  - EPS: $0.51 per basic and diluted share
  - Result: reported results
  source text: Net income for the six months ended June 30, 2023 was $1.1 million, or $0.51 per basic and diluted share, compared to $4.0 million, or $1.99 per basic and $1.88 per diluted share for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000117/0000927089-23-000117-index.htm
- Earnings Releases
  QUAINT OAK BANCORP, INC. reported quarter ended June 30, 2023 results: net income $570,000, EPS $0.25 per basic and diluted share.
  - Period: quarter ended June 30, 2023
  - Net income: $570,000
  - EPS: $0.25 per basic and diluted share
  - Result: reported results
  source text: On July 31, 2023, Quaint Oak Bancorp, Inc. (the “Company”) reported its results of operations for the second quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000117/0000927089-23-000117-index.htm
- Earnings Releases
  QUAINT OAK BANCORP, INC. reported quarter ended June 30, 2023 results: net income $570,000, EPS $0.25 per basic and diluted share.
  - Period: quarter ended June 30, 2023
  - Net income: $570,000
  - EPS: $0.25 per basic and 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 June 30, 2023 was $570,000, or $0.25 per basic and diluted share, compared to $1.8 million, or $0.87 per basic and $0.82 per diluted share for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708923000117/0000927089-23-000117-index.htm

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