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Quaint Oak Bancorp Inc  (QNTO)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $11.1000 $-0.07 -0.627%
Day's High: $11.1 Week Perf: -1.77 %
Day's Low: $ 11.10 30 Day Perf: -3.48 %
Volume (M): 0 52 Wk High: $ 21.65
Volume (M$): $ 4 52 Wk Avg: $14.86
Open: $11.10 52 Wk Low: $10.60



 Market Capitalization (Millions $) 25
 Shares Outstanding (Millions) 2
 Employees 52
 Revenues (TTM) (Millions $) 32
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 1

Quaint Oak Bancorp Inc

Quaint Oak Banks primary business consists of attracting deposits from the general public through a variety of deposit programs and investing such deposits principally in residential, commercial real estate, construction loans, multi-family, home equity loans and commercial lines of credit secured by property in our market area. To a lesser extent, the Bank also invests in commercial business loans and other consumer loans. In addition, Quaint Oak Bank offers mortgage banking, real estate sales and title abstract services through its subsidiary companies. Quaint Oak Bank serves its customers through its offices as well as through correspondence, telephone and on-line banking.

Deposits with Quaint Oak Bank are insured to the maximum extent provided by law through the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation ("FDIC"). Quaint Oak Bank is subject to examination and comprehensive regulation by the FDIC and the Pennsylvania Department of Banking. Quaint Oak Bancorp, which elected to be treated as a savings and loan holding company, is subject to examination and regulation by the Board of Governors of the Federal Reserve System ("Federal Reserve Board"). Quaint Oak Bank is also a member of the Federal Home Loan Bank of Pittsburgh ("FHLB of Pittsburgh" or "FHLB"), which is one of the 12 regional banks comprising the Federal Home Loan Bank System ("FHLB System"). Quaint Oak Bank is also subject to regulations of the Federal Reserve Board governing reserves required to be maintained against deposits and certain other matters.

The types of loans that Quaint Oak Bank may originate are subject to federal and state laws and regulations. Interest rates charged on loans are affected principally by the demand for such loans, the supply of money available for lending purposes and the rates offered by our competitors. These factors are, in turn, affected by general and economic conditions, the monetary policy of the federal government, including the Federal Reserve Board, legislative and tax policies, and governmental budgetary matters.

The lending activities of Quaint Oak Bank are subject to the written underwriting standards and loan origination procedures established by the board of directors and management. New loans are generated primarily through the efforts of Quaint Oak Banks loan officers, referrals from brokers and existing customers. Loan applications are underwritten and processed by Quaint Oak Banks credit administration department.

All loans are presented to the loan committee for review. Quaint Oak Banks loan approval process is intended to assess the borrowers ability to repay the loan, the viability of the loan and the value of the property that will secure the loan. Individual loans and loan relationships over $1.0 million must be approved by Quaint Oak Banks loan committee, which currently consists of our President and Chief Executive Officer, Chairman of the Board, two other members of the Board of Directors, and three other officers of Quaint Oak Bank.



   Company Address: 501 Knowles Avenue Southampton 18966 PA
   Company Phone Number: 364-4059   Stock Exchange / Ticker: QNTO
   QNTO is expected to report next financial results on March 30, 2024.


Customers Net Income fell by QNTO's Customers Net Profit Margin fell to

-27.1 %

14.43 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
MTB   -1.61%    
NTRS        1.27% 
• View Complete Report
   



Quaint Oak Bancorp Inc

Quaint Oak Bancorp Inc's Profits Plummet as Revenue Takes a Dizzying Dive of 35.741% in Recent Fiscal Period

Quaint Oak Bancorp Inc, a regional bank operating in the United States, recently reported disappointing financial results for its most recent fiscal period ending in September 2023. The company experienced a significant decline in revenue, which was down by 35.741% to $7.70 million compared to the same period last year. Additionally, Quaint Oak Bancorp Inc posted a net deficit per share of $-0.11, a significant drop from the $1.22 per share reported in the third quarter of 2022.
This decline in revenue is in contrast to the performance of the overall regional banks industry, which saw a revenue rise during the same period. In the preceding reporting season, Quaint Oak Bancorp Inc also experienced a decline in income per share, which fell from $0.25 per share, and a 13.53% decrease in revenue from $8.90 million.

Quaint Oak Bancorp Inc

Quaint Oak Bancorp Inc Reports Disturbing -6.739% Drop in Revenue during Financial Second Quarter of 2023

Quaint Oak Bancorp Inc, a financial institution, recently released its financial results for the April to June 30, 2023 time-frame. Unfortunately, the report revealed a significant decline in revenue, which decreased by -6.739% to $8.90 million compared to the same reporting period one year ago. This decline in revenue had a detrimental effect on the company's income, which tumbled by -69.51% to $0.25 per share, as compared to $0.82 per share in the corresponding period last year.
Moreover, the company's earnings per share (EPS) remained unchanged from the preceding reporting period at $0.25 per share. However, there was a slight improvement in revenue, which advanced by 7.256% to $8.30 million. Despite this small improvement in revenue, net earnings in the April to June 30, 2023 period plunged by -88.45% to $0.265 million, compared to $2.295 million in the same period a year ago. This significant decline in net earnings raises concerns about Quaint Oak Bancorp Inc's financial stability and profitability.

Quaint Oak Bancorp Inc

Quaint Oak Bancorp Struggles Amidst Steep Profit Plunge and Revenue Decline in Q1 2023

Quaint Oak Bancorp Inc, a bank holding company that provides various banking services in the United States, witnessed a significant decline in its first-quarter earnings per share (EPS) and profits. For the first quarter of 2023, the company's EPS decreased by -76.19% to $0.25 per share, from $1.05 a year before. Similarly, profit plummeted by -54.27% from $0.55 per share in the previous reporting period.
The company's revenue also experienced an extensive decline of -19.509% to $8.30 million from $10.31 million in the comparable financial reporting period a year before. Sequentially, revenue decreased by -5.716% from $8.80 million. The company's net income of $0.449 million in the first quarter of 2023 fell by -86.24% from $3.264 million in the corresponding period a year before.






 

Quaint Oak Bancorp Inc's Segments
 
 
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