QUAINT OAK BANCORP, INC.

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.

Quaint Oak Bancorp, Inc. held its Annual Meeting of Shareholders on May 13, 2026. A quorum was present with 1,603,847 shares represented. Shareholders elected James J. Clarke, Ph.D., William R. Gonzalez, MBA, and Susan M. Vettori as directors for a three-year term expiring in 2029. Additionally, the appointment of S.R. Snodgrass, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

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.

Quaint Oak Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share. The dividend was declared on April 15, 2026, and is scheduled to be paid on May 11, 2026. Shareholders of record as of April 27, 2026, will be eligible to receive this dividend.