QUAINT OAK BANCORP, INC. ANNOUNCES THIRD QUARTER EARNINGS
Quaint Oak Bancorp posted Q3 2026 net income of $635,000 ($0.24 per share), a swing from a $41,000 loss a year earlier, with nine-month net income up 766% to $1.3 million. The turnaround was driven by a 16.5% drop in interest expense after FHLB borrowings were fully repaid, plus a 40.5% jump in non-interest income from SBA and Oakmont Commercial loan sales; NIM expanded from 2.77% to 3.17%. Asset quality is the offsetting concern: non-performing loans rose to $11.4 million (2.27% of loans) from 1.36% at year-end, the Texas ratio doubled to 20.07%, and allowance coverage of NPLs fell to about 50%.
Key figures
- Eps
- 0.24
- Npl ratio
- 2.27% vs 1.36% at Dec 31, 2025
- Texas ratio
- 20.07% vs 9.80% prior year
- Total assets
- 634147000
- Total deposits
- 553951000
- Net income q3 2026
- 635000
- Efficiency ratio q3
- 87.14% vs 93.26% prior year
- Stockholders equity
- 53564000
- Book value per share
- 20.19
- Non performing loans
- 11400000
- Net interest margin q3
- 3.17% vs 2.77% prior year
- Allowance coverage of npls
- 50.17%
- Net income nine month 2025
- 148000
- Net income nine month 2026
- 1282000
- Net income yoy change nine month
- 766.2%
AI analysis
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