Quaint Oak Bancorp Q1 2024 net income rises 55.1% to $873,000, sells Oakmont Capital stake

QUAINT OAK BANCORP, INC.

2024-Q1 EPS reported $0.36

Net income $873,000 ($0.36 per share) vs $563,000 ($0.26) in Q1 2023, a 55.1% increase.
Sold 51% interest in Oakmont Capital Holdings and exited Quaint Oak Real Estate to reduce losses.
Non-performing loans rose to 1.28% of total loans from 0.25% a year ago; Texas Ratio increased to 12.0% from 2.73%.
Total assets $775.5M, deposits $673.4M; Bank's Total Risk-Based Capital Ratio 13.61%.
Board declared $0.13 per share dividend payable May 6, 2024.

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 0.98

QUAINT OAK BANCORP, INC. reported the quarter ended March 31, 2024 results: net income $873,000, EPS $0.36 per basic and diluted share.

Period: the quarter ended March 31, 2024
Net income: $873,000
EPS: $0.36 per basic and diluted share
Result: reported results

Exact text from the filing

On May 6, 2024, Quaint Oak Bancorp, Inc. (the “Company”) reported its results of operations for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000927089-24-000078

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