secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000927089-24-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Bancorp Q2 net income falls 82.5% to $100k; NPLs rise to $8.7M
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- Net income of $100k ($0.04/sh) vs $570k ($0.25/sh) in Q2 2023, down 82.5%.
- Total assets decreased $52.2M (6.9%) to $701.9M; loans held for sale down 72.4%.
- Provision for credit losses increased $148k (78.3%) to $337k; NPLs rose to $8.7M (1.46% of loans).
- Net interest margin compressed from 2.65% to 2.28% YoY; margin compression cited as headwind.
- Dividend of $0.13/sh declared payable Aug 5, 2024; two private placements raised $2.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000115/0000927089-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000115/qnto20240731_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer