Quarterly ResultJul 30, 2026, 04:38 PM
Quaint Oak Bancorp Q2 Net Income $481K, EPS $0.18
AI Summary
Quaint Oak Bancorp, Inc. reported a significant increase in net income for the second quarter and first six months ended June 30, 2026. Q2 net income rose 76.8% to $481,000, or $0.18 per diluted share, driven by decreased interest expense and increased non-interest income, leading to an improved net interest margin. Year-to-date net income more than tripled to $647,000, or $0.24 per diluted share. However, total assets and deposits decreased, and non-performing loans increased to $9.8 million, though management stated these are well-collateralized or reserved for.
Key Highlights
- Q2 2026 Net Income: $481,000, up 76.8% from Q2 2025.
- Q2 2026 Diluted EPS: $0.18, up from $0.10 in Q2 2025.
- YTD 2026 Net Income: $647,000, up 242.3% from YTD 2025.
- Net Interest Margin: Improved to 2.93% in Q2 2026 from 2.85% in Q2 2025.
- Total Assets: Decreased 6.7% to $630.3 million at June 30, 2026.
- Total Deposits: Decreased 7.8% to $550.8 million at June 30, 2026.
- Non-performing Loans: Increased to $9.8 million (1.88% of total loans) at June 30, 2026.
- Stockholders' Equity: Increased 1.2% to $53.0 million at June 30, 2026.
Price Impact
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