secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000927089-24-000153
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000153/0000927089-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708924000153/qnto20241030_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000153

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