Quaint Oak Bancorp reports Q3 net income of $243k vs loss a year ago; 9-month income up 38.5%

QUAINT OAK BANCORP, INC.

2024-Q3 EPS reported $0.47

Q3 2024 net income $243k ($0.09/share) vs net loss of $255k (-$0.11) in Q3 2023; 9-month net income $1.2M, up 38.5% YoY.
Non-interest income increased 78.4% YoY to $5.5M (9-mo), driven by $1.4M gain on sale of Oakmont Capital Holdings.
Total assets $701.6M, down 7% from Dec 2023; loans receivable net decreased $70.4M (11.4%).
Allowance for credit losses increased to 1.24% of loans (1.11% at Dec 2023); non-performing loans at 0.99% of loans.
Dividend of $0.13/share declared, payable Nov 12, 2024 to holders of record Oct 28, 2024.

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