Quaint Oak Bancorp reports Q1 net loss of $83,000 vs. $873K profit in prior year

QUAINT OAK BANCORP, INC.

2025-Q1 EPS reported -$0.03

Net loss of $83,000 or ($0.03) per share vs. net income of $873,000 ($0.36) in Q1 2024.
Net interest margin fell to 2.63% from 2.96%; loan portfolio average balance decreased $69.8M.
Issued $10M in 11% senior notes due 2028; used proceeds to repay $14M subordinated notes.
Non-performing loans slightly increased to $5.9M (1.13% of loans) from $5.7M at Dec 2024.
Total deposits decreased $45.7M to $507.6M, primarily from exiting a correspondent banking relationship.

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