Quaint Oak Bancorp reports Q3 net loss of $255K on higher interest expense; net interest margin shrinks to 2.63%

QUAINT OAK BANCORP, INC.

2023-Q3 EPS reported $0.39

Net loss $255K ($0.11 per share) vs net income $2.6M ($1.29 per share) in Q3 2022.
Net interest margin fell to 2.63% from 3.75% as interest expense surged 158.6%.
Non-interest income dropped 49.3% due to a 75.4% decline in gain on loan sales.
Board declared $0.13 quarterly dividend payable Nov 6; insiders purchased $580K of stock.
Non-performing assets remained minimal at 0.02% of total assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUAINT OAK BANCORP, INC. reported third quarter ended September 30, 2023 results: net income net loss for the quarter ended September 30, 2023 of $255,000, or $0.11 per basic and diluted share.

Period: third quarter ended September 30, 2023
Net income: net loss for the quarter ended September 30, 2023 of $255,000, or $0.11 per basic and diluted share
Result: reported results

Exact text from the filing

On November 2, 2023, Quaint Oak Bancorp, Inc. (the "Company") reported its results of operations for the third quarter ended September 30, 2023.

View on SEC.gov

6 earnings releases filed in the last 30 days. Browse all earnings releases →

QUAINT OAK BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0000927089-23-000140

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.