Quaint Oak Bancorp Q4 net income $1.1M; full-year 2023 net income drops 74.3% to $2.0M

QUAINT OAK BANCORP, INC.

2023-FY EPS reported $0.89

Q4 2023 net income $1.1M ($0.49/sh) vs $1.2M ($0.58/sh) in Q4 2022.
Full-year 2023 net income $2.0M ($0.90/sh) vs $7.9M ($3.85/sh) in 2022; decrease of 74.3%.
Net interest margin narrowed to 2.39% for 2023 from 3.56% in 2022 due to higher deposit costs.
Cash and cash equivalents increased $58.2M; FHLB borrowings reduced by $130.2M; deposits up $82.5M.
Board declared $0.13/sh dividend payable Feb 5, 2024; nonperforming loans at 0.07% of loans.

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 the year ended December 31, 2023 results: net income $2.0 million, EPS $0.90 per basic and $0.89 per diluted share.

Period: the year ended December 31, 2023
Net income: $2.0 million
EPS: $0.90 per basic and $0.89 per diluted share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 was $2.0 million, or $0.90 per basic and $0.89 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUAINT OAK BANCORP, INC. reported the quarter ended December 31, 2023 results: net income $1.1 million, EPS $0.49 per basic and diluted share.

Period: the quarter ended December 31, 2023
Net income: $1.1 million
EPS: $0.49 per basic and diluted share
Result: reported results

Exact text from the filing

Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net income for the quarter ended December 31, 2023 of $1.1 million, or $0.49 per basic and diluted share

View on SEC.gov

Browse all earnings releases →

QUAINT OAK BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0000927089-24-000024

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.