secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000927089-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000024/0000927089-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000024/qnto20240131_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000024

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