Quarterly ResultMay 15, 2026, 03:11 PM
Quaint Oak Bancorp Q1 Net Income $166K; EPS $0.06
AI Summary
Quaint Oak Bancorp, Inc. reported a net income of $166 thousand, or $0.06 per basic share, for the first quarter ended March 31, 2026, a notable turnaround from a net loss in the prior year period. The company saw an increase in net interest income and a significant reduction in provision for credit losses. However, total assets, deposits, and loans receivable all experienced declines compared to the end of the previous fiscal year, and cash dividends per share were reduced.
Key Highlights
- Net income for Q1 2026 was $166 thousand, a significant improvement from a net loss of $(83) thousand in Q1 2025.
- Basic earnings per share increased to $0.06 in Q1 2026 from $(0.03) in Q1 2025.
- Net interest income rose to $4,693 thousand in Q1 2026, up from $4,144 thousand in Q1 2025.
- Total assets decreased to $643,219 thousand at March 31, 2026, from $675,853 thousand at December 31, 2025.
- Total deposits declined to $565,374 thousand at March 31, 2026, compared to $597,278 thousand at December 31, 2025.
- Provision for credit losses decreased substantially to $96 thousand in Q1 2026 from $441 thousand in Q1 2025.
- Cash dividends declared were $0.04 per share for Q1 2026, down from $0.13 per share in Q1 2025.
- Loans receivable, net, decreased to $526,445 thousand at March 31, 2026, from $540,698 thousand at December 31, 2025.
Price Impact
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