Quaint Oak Bancorp ( (QNTO) ) has released its Q2 earnings. Here is a breakdown of the information Quaint Oak Bancorp presented to its investors.
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Quaint Oak Bancorp, Inc. is a financial services company that operates through its subsidiary, Quaint Oak Bank, and other affiliated companies, providing banking and financial services across multiple states. In its latest earnings report, Quaint Oak Bancorp announced a notable increase in net income for the second quarter of 2025, reaching $272,000 compared to $100,000 in the same period of 2024. However, the net income for the first half of 2025 was significantly lower at $189,000, down from $973,000 in the first half of 2024. Key financial metrics for the second quarter showed a decrease in interest expense by $1.1 million and an increase in non-interest income by $643,000, despite a decrease in interest and dividend income. The company also reported improved asset quality ratios, with non-performing assets at 0.89% of total assets. Looking ahead, Quaint Oak Bancorp remains focused on long-term profitability and maintaining healthy capital ratios, despite ongoing economic uncertainties.