QUAINT OAK BANCORP, INC. shareholders approved To ratify the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-13 meeting.
“2. To ratify the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026: FOR AGAINST ABSTAIN 1,593,196 9,039 1,612”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved Election of directors for a three-year term expiring in 2029 at the 2026-05-13 meeting.
“1. Election of directors for a three-year term expiring in 2029: Number of Votes Name of Nominees FOR WITHHELD BROKER NON-VOTES James J. Clarke, Ph.D. 1,089,319 60,200 454,028 William R. Gonzalez, MBA 1,085,876 63,943 454,028 Susan M. Vettori 1,045,739 104,080 454,028”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the first quarter ended March 31, 2026 results: net income $166,000, EPS $0.06 per basic and diluted share.
“Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net income for the quarter ended March 31, 2026 of $166,000, or $0.06 per basic and diluted share, compared to net loss of $83,000, or $(0.03) per basic and diluted share, for the same period in 2025. Robert T. Strong, Chief Executive”
Governance Changes
QUAINT OAK BANCORP, INC.: Amended and restated Bylaws to clarify roles of CEO and President, eliminate requirement for physical stock certificates, and make other technical revisions (effective 2026-02-11).
“On February 11, 2026, the Board of Directors of Quaint Oak Bancorp, Inc. (the “Company”) amended and restated the Company’s Bylaws (the “Amended and Restated Bylaws”), effective immediately.”
Debt Financings
QUAINT OAK BANCORP, INC. incurred senior notes of $9.75 million with certain institutional accredited investors at 11.00% maturing March 1, 2028.
“On February 21, 2025, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Senior Unsecured Note Purchase Agreement (the “Purchase Agreement”) with certain institutional accredited investors pursuant to which the Company issued an aggregate of $9.75 million in aggregate principal amount of Fixed Rate Unsecured Senior Notes due March 1, 2028 (the “Notes”) in a private placement.”
William R. Gonzalez was elected as Director at QUAINT OAK BANCORP, INC..
“At a meeting held on February 12, 2025, the Board of Directors (the “Board”) of Quaint Oak Bancorp, Inc. (the “Company”) elected William R. Gonzalez, 41, to the position of President of the Company, effective February 12, 2025 and as a member of the Company’s Board to the class of directors whose terms expire in 2026.”
William R. Gonzalez was elected as President at QUAINT OAK BANCORP, INC..
“At a meeting held on February 12, 2025, the Board of Directors (the “Board”) of Quaint Oak Bancorp, Inc. (the “Company”) elected William R. Gonzalez, 41, to the position of President of the Company, effective February 12, 2025 and as a member of the Company’s Board to the class of directors whose terms expire in 2026.”
George M. Ager retired as Director at QUAINT OAK BANCORP, INC..
“On September 11, 2024, director George M. Ager formally notified Quaint Oak Bancorp, Inc. (the “Company”) of his decision to retire from the Board of Directors (the “Board”) of the Company, effective September 11, 2024.”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved To ratify the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-08 meeting.
“2. To ratify the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024: FOR AGAINST ABSTAIN 1,523,782 8,659 0”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved Election of directors for a three-year term expiring in 2027 at the 2024-05-08 meeting.
“1. Election of directors for a three-year term expiring in 2027: Number of Votes Name of Nominees FOR WITHHELD BROKER NON-VOTES Andrew E. DiPiero, Jr., Esq. 1,053,782 50,620 428,040 Robert J. Phillips 1,046,818 57,584 428,040 Bora Ozkan, Ph.D. 1,062,504 41,898 428,040”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the quarter ended March 31, 2024 results: net income $873,000, EPS $0.36 per basic and diluted share.
“On May 6, 2024, Quaint Oak Bancorp, Inc. (the “Company”) reported its results of operations for the first quarter ended March 31, 2024.”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Stock Purchase Agreement with Areti Bank International Inc. valued at $1,448,195 aggregate proceeds for 128,500 shares at $11.27 per share (effective 2024-04-19).
“On April 19, 2024, Quaint Oak Bancorp, Inc., a Pennsylvania corporation and the holding company for Quaint Oak Bank (the "Company"), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Areti Bank International Inc., an international banking entity incorporated in the Commonwealth of Puerto Rico (“Areti Bank”).”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Equity Purchase Agreement with JA Mitsui Leasing USA Holdings, Inc. (effective 2024-03-29).
“On March 29, 2024, Quaint Oak Bank (the “Bank”), a wholly owned subsidiary of Quaint Oak Bancorp, Inc. (“Quaint Oak” or the “Registrant”), as a majority equity owner of Oakmont Capital Holdings, LLC (“Oakmont Capital”), entered into an Equity Purchase Agreement, by and among JA Mitsui Leasing USA Holdings, Inc. (“Buyer”), the owners of the equity securities of Oakmont Capital (“Sellers”), and solely for certain limited purposes, Oakmont Capital (the “Agreement”).”
Bora Ozkan was appointed as director at QUAINT OAK BANCORP, INC..
“On February 14, 2024, the Board of Directors (the “Board”) of Quaint Oak Bancorp, Inc. (the “Company”) appointed Mr. Bora Ozkan, Ph.D., to the Board of the Company effective, February 14, 2024.”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Stock Purchase Agreement with Fintech Holdings LLC valued at up to 124,035 shares of common stock (effective 2024-02-14).
“On February 14, 2024, Quaint Oak Bancorp, Inc., a Pennsylvania corporation and the holding company for Quaint Oak Bank (the "Company"), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Fintech Holdings LLC, a limited liability company incorporated in the Commonwealth of Puerto Rico (“Fintech”). Pursuant to the Purchase Agreement, the Company agreed to sell up to 124,035 shares of common stock, par value $0.01 per share, of the Company (“Common Stock”) to Fintech.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the year ended December 31, 2023 results: net income $2.0 million, EPS $0.90 per basic and $0.89 per diluted share.
“Net income for the year ended December 31, 2023 was $2.0 million, or $0.90 per basic and $0.89 per diluted share”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the quarter ended December 31, 2023 results: net income $1.1 million, EPS $0.49 per basic and diluted share.
“Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net income for the quarter ended December 31, 2023 of $1.1 million, or $0.49 per basic and diluted share”
Auditor Changes
QUAINT OAK BANCORP, INC. reported that prior financial statements should not be relied upon.
“(the “Company,” “we” or “our”) concluded that the Company’s previously issued consolidated financial statements for the interim periods ended June 30, 2023 and September 30, 2023 (the “Restated Periods”), should no longer be relied upon because of a reclassification related to expenses on deposit accounts obtained from a correspondent banking relationship that resulted in material misstatements of interest expense and other non-interest expense for the Restated Periods. The Company entered into the correspondent banking relationship in May 2022. The Audit Committee concluded that the effect on the consolidated financial statements for the three months ended March 31, 2023 and the year ended December 31, 2022 were not material. Additionally, the Company’s earnings releases and other public communications for the Restated Periods should no longer be relied upon to the extent that they rela”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Stock Purchase Agreement with ItalBank International Inc. valued at $1,624,524 (effective 2023-11-02).
“On November 2, 2023, Quaint Oak Bancorp, Inc., a Pennsylvania corporation and the holding company for Quaint Oak Bank (the "Company"), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with ItalBank International Inc., an international banking entity incorporated in the Commonwealth of Puerto Rico (“ItalBank”). Pursuant to the Purchase Agreement, on November 2, 2023 the Company sold to ItalBank 117,125 shares of common stock, par value $0.01 per share, of the Company (“Common Stock”) (the “Shares”), or approximately 4.9% of the pro forma outstanding shares of Common Stock, for a purchase price of $13.87 per share (for an aggregate of $1,624,524).”
Earnings Releases
QUAINT OAK BANCORP, INC. reported third quarter ended September 30, 2023 results: net income net loss for the quarter ended September 30, 2023 of $255,000, or $0.11 per basic and diluted share.
“On November 2, 2023, Quaint Oak Bancorp, Inc. (the "Company") reported its results of operations for the third quarter ended September 30, 2023.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported six months ended June 30, 2023 results: net income $1.1 million, EPS $0.51 per basic and diluted share.
“Net income for the six months ended June 30, 2023 was $1.1 million, or $0.51 per basic and diluted share, compared to $4.0 million, or $1.99 per basic and $1.88 per diluted share for the same period in 2022.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported quarter ended June 30, 2023 results: net income $570,000, EPS $0.25 per basic and diluted share.
“On July 31, 2023, Quaint Oak Bancorp, Inc. (the “Company”) reported its results of operations for the second quarter ended June 30, 2023.”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved Proposal to approve the Quaint Oak Bancorp, Inc. 2023 Stock Incentive Plan at the 2023-05-10 meeting.
“3. Proposal to approve the Quaint Oak Bancorp, Inc. 2023 Stock Incentive Plan. FOR AGAINST ABSTAIN BROKER NON-VOTES 1,036,937 24,736 2,110 417,740”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved To ratify the appointment of S.R. Snodgrass, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-10 meeting.
“2. To ratify the appointment of S.R. Snodgrass, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2023: FOR AGAINST ABSTAIN 1,478,550 17 2,956”
Shareholder Votes
QUAINT OAK BANCORP, INC. shareholders approved Election of directors for a three-year term expiring in 2026 at the 2023-05-10 meeting.
“1. Election of directors for a three-year term expiring in 2026: Number of Votes Name of Nominees FOR WITHHELD BROKER NON-VOTES George M. Ager 1,042,560 21,223 417,740 James J. Clarke, Ph.D. 1,062,567 1,216 417,740 Susan M. Vettori 1,009,707 54,076 417,740”
Material Agreements
QUAINT OAK BANCORP, INC. terminated Amended Stock Purchase Agreement with FNCB Bancorp, Inc. (effective 2023-05-02).
“Effective May 2, 2023, FNCB informed the Company that it was terminating the Amended Stock Purchase Agreement as permitted under the terms of the Amended Stock Purchase Agreement.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported quarter ended March 31, 2023 results: net income $563,000, EPS $0.26 per basic and $0.25 per diluted share.
“Quaint Oak Bancorp, Inc. (the "Company") (OTCQB: QNTO), the holding company for Quaint Oak Bank (the "Bank"), announced today that net income for the quarter ended March 31, 2023 was $563,000, or $0.26 per basic and $0.25 per diluted share, compared to $2.2 million, or $1.12 per basic and $1.05 per diluted share for the same period in 2022.”
Material Agreements
QUAINT OAK BANCORP, INC. amended Amendment No. 1 with FNCB Bancorp, Inc. (effective 2023-04-03).
“On April 3, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the previously disclosed Stock Purchase Agreement (the “Stock Purchase Agreement”) with FNCB Bancorp, Inc. (“FNCB”)”
Susan M. Vettori was appointed as Director at QUAINT OAK BANCORP, INC..
“On February 8, 2023, the Board of Directors (the “Board”) of Quaint Oak Bancorp, Inc. (the “Company”) appointed Ms. Susan M. Vettori to the Board of the Company effective, February 8, 2023.”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Subscription Agreement with accredited investors valued at $2.0 million (effective 2023-03-15).
“On March 15, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with accredited investors under which the Company issued an aggregate of $2.0 million of fixed rate subordinated notes due March 15, 2025 (the “Notes”) in a private placement.”
Debt Financings
QUAINT OAK BANCORP, INC. incurred senior notes of $12.0 million with qualified institutional buyers at 8.50% maturing March 15, 2025.
“On March 2, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with qualified institutional buyers under which the Company issued an aggregate of $12.0 million of fixed rate subordinated notes due March 15, 2025 (the “Notes”) in a private placement.”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Subordinated Note Purchase Agreement with qualified institutional buyers valued at $12.0 million (effective 2023-03-02).
“On March 2, 2023, Quaint Oak Bancorp, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with qualified institutional buyers under which the Company issued an aggregate of $12.0 million of fixed rate subordinated notes due March 15, 2025 (the “Notes”) in a private placement.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the year ended December 31, 2022 results: net income $7.9 million, EPS $3.85 per basic and $3.65 per diluted share.
“Net income for the year ended December 31, 2022 was $7.9 million, or $3.85 per basic and $3.65 per diluted share, compared to $6.4 million, or $3.21 per basic and $3.06 per diluted share for the same period in 2021.”
Earnings Releases
QUAINT OAK BANCORP, INC. reported the quarter ended December 31, 2022 results: net income $1.2 million, EPS $0.58 per basic and $0.56 per diluted share.
“Net income for the quarter ended December 31, 2022 was $1.2 million, or $0.58 per basic and $0.56 per diluted share, compared to $2.1 million, or $1.04 per basic and $0.98 per diluted share for the same period in 2021.”
Material Agreements
QUAINT OAK BANCORP, INC. entered into Purchase Agreement with FNCB Bancorp, Inc. valued at up to 222,196 shares of common stock, par value $0.01 per share (effective 2022-12-12).
“On December 12, 2022, Quaint Oak Bancorp, Inc. (the "Company") entered into a Stock Purchase Agreement (the “Purchase Agreement”) with FNCB Bancorp, Inc. (“FNCB”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.