secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000927089-25-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000086/0000927089-25-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000086/qnto20250501_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-25-000086

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