secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000927089-23-000140
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000140/0000927089-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708923000140/qnto20231031_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-23-000140

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