Earnings ·
Quaint Oak Bancorp, Inc. reported second quarter 2026 net income of $481,000, or $0.18 per diluted share, a 76.8%…
QNTOQuaint Oak Bancorp, Inc.
Quaint Oak Bancorp, Inc. reported second quarter 2026 net income of $481,000, or $0.18 per diluted share, a 76.8% increase from the prior year period's $272,000. Year-to-date earnings rose to $647,000, or $0.24 per share, more than tripling compared to $189,000 in 2025. The improvement was driven by a $760,000 reduction in interest expense as the company eliminated Federal Home Loan Bank borrowings and lower funding costs, partially offset by a decline in loan balances. Total assets decreased 6.7% to $630.3 million, while total deposits fell 7.8% to $550.8 million. Non-performing loans increased to $9.8 million, or 1.88% of net loans, from $7.3 million at year-end 2025. The company operates as a financial services holding company providing banking and mortgage services in Pennsylvania.