Quaint Oak Bancorp Inc (QNTO)
| Sector • Financial Industry • Regional Banks |
| Industry • Regional Banks |
| Sector • Financial |
revenue receded by -6.343 %, at the company amid the most recent fiscal period
company recorded fourth quarter of 2022 operating surplus of $1.63 million
Published Apr 02 2023
Goran Soko / CSIMarket.com Contributer
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For the financial period ending December 31 2022 company net profit per share plummeted by -44.5 % of $0.55 per share compare to $0.99 a year prior and profit plummeted by -55.19 % from $1.22 per share from the previous reporting period. The revenue depreciated by -6.343 % to $8.80 million from $9.40 million in the same reporting period a year prior and sequentially revenue fell by -26.514 % from $11.98 million.
Net income of $1.107 million in the financial period ending December 31 2022 fell by -55.52 % from $2.489 million in the corresponding period a year before. Looking further into financial period ending December 31 2022 Quaint Oak Bancorp Inc 's profitability, operating margin mitigated to 18.52%, and net margin shrank to 12.58%.
Operating earnings, fell -50.43% to $1.63 million, squeezing Quaint Oak Bancorp Inc 's operating margin to 18.52%, from 34.99% in the fourth quarter of 2021. Studying more the business numbers for the financial 12 Months 2022, company disclosed revenue of $40.63 million and net income of $10.31 million.
Regional Banks company voiced also, that Income per share increased by 19.28 % to $3.65 per share from $3.06 in the previous financial 12 Months , said as well, that revenue surged by 33.63 % from $30.40 million a year prior.
Quaint Oak Bancorp Inc is expected to report next financial earnings on May 11, 2023.