secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000927089-24-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000078/0000927089-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000078/qnto20240501_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000078

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