Quaint Oak Bancorp Posts $41,000 Net Loss for Q3 2025

Reuters
Oct 31, 2025
<a href="https://laohu8.com/S/QNTO">Quaint Oak</a> Bancorp Posts $41,000 Net Loss for Q3 2025

Quaint Oak Bancorp Inc. reported a net loss of $41,000, or $0.02 per basic and diluted share, for the quarter ended September 30, 2025, compared to net income of $243,000, or $0.09 per basic and diluted share, for the same period in 2024. For the nine months ended September 30, 2025, net income was $148,000, or $0.06 per basic and diluted share, down from $1.2 million, or $0.47 per basic and diluted share, in the same period in 2024. Total deposits increased by $942,000, or 0.2%, to $554.2 million at September 30, 2025, from $553.3 million at December 31, 2024. Certificates of deposit rose by $56.9 million, or 20.1%, and non-interest bearing checking accounts increased by $1.4 million, or 2.3%. Savings accounts grew by $237,000, or 48.2%. Money market accounts declined by $50.6 million, or 31.2%, and interest bearing checking accounts decreased by $6.9 million, or 14.5%. Loans receivable, net of allowance for credit losses, were $547.1 million at September 30, 2025, compared to $534.7 million at December 31, 2024. Cash and cash equivalents were $52.3 million at September 30, 2025, down from $63.0 million at December 31, 2024. During the nine months ended September 30, 2025, the Bank's mortgage banking subsidiary originated $88.3 million of one-to-four family residential loans and sold $89.5 million of loans in the secondary market. The Bank originated $10.4 million of SBA loans and sold $14.2 million of SBA loans in the secondary market in the same period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quaint Oak Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565912-en) on October 30, 2025, and is solely responsible for the information contained therein.

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