Quaint Oak Bancorp Q2 net income rises 76.8% to $481,000; net interest margin widens 0.08 percentage point to 2.93%

Reuters2026/07/30 21:03

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Quaint Oak Bancorp posted net income of $481,000 in the quarter ended June 30, 2026, up 76.8%, with EPS of $0.18.
Net interest margin widened 0.08 percentage point to 2.93%, while the average interest rate spread narrowed 0.05 percentage point to 2.14%.
Total non-interest income climbed 18.5% to $2.31 million, driven by higher net gain on sale of mortgage and Oakmont Commercial loans.
Non-performing loans rose to $9.8 million, or 1.88% of total loans receivable, net of allowance for credit losses, from $7.3 million at Dec. 31.
CEO Robert T. Strong cited lower funding costs, net interest margin expansion, and growth in non-interest income, while noting no Federal Home Loan Bank borrowings.

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: 202607301630PRIMZONEFULLFEED9801272) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quaint Oak Bancorp Q2 net income rises 76.8% to $481,000; net interest margin widens 0.08 percentage point to 2.93%

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