QuaINT Oak Bancorp Reports Q1 2025 Results
Ticker: QNTO · Form: 10-Q · Filed: May 15, 2025 · CIK: 1391933
| Field | Detail |
|---|---|
| Company | Quaint Oak Bancorp, Inc. (QNTO) |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, deposits, loans, earnings
TL;DR
Q1 2025: Deposits $1B, Loans $9M, EPS $0.13. OCH gain reclassified.
AI Summary
QuaINT Oak Bancorp, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported total deposits of $1.000 billion and total loans of $9.000 million. Net income per share was $0.13. The company also noted a gain on sale of OCH has been reclassified from continuing operations to discontinued operations.
Why It Matters
This filing provides insight into the financial health and operational performance of QuaINT Oak Bancorp, Inc. during the first quarter of 2025, impacting investors and depositors.
Risk Assessment
Risk Level: medium — The filing mentions a significant concentration in one major interest-bearing checking account deposit customer representing 8.6% of total deposits, which could pose a risk if that customer were to withdraw funds.
Key Numbers
- $1.000B — Total Deposits (As of March 31, 2025)
- $9.000M — Total Loans (As of March 31, 2025)
- $0.13 — Net Income Per Share (For the period ending March 31, 2025)
Key Players & Entities
- QUAINT OAK BANCORP, INC. (company) — Filer
- 20250331 (date) — Reporting period end date
- $1,000,000,000 (dollar_amount) — Total deposits
- $9,000,000 (dollar_amount) — Total loans
- $0.13 (dollar_amount) — Net income per share
- OCH (company) — Asset sold
- December 31, 2024 (date) — Deposit customer reference date
- $47.8 million (dollar_amount) — Major deposit customer's interest bearing checking account balance
FAQ
What was the total amount of deposits for QuaINT Oak Bancorp as of March 31, 2025?
Total deposits were $1,000,000 as of March 31, 2025.
What was the total loan balance for QuaINT Oak Bancorp as of March 31, 2025?
Total loans were $9,000,000 as of March 31, 2025.
What is the net income per share reported for the period ending March 31, 2025?
The net income per share was $0.13.
How has the gain on sale of OCH been classified?
The gain on sale of OCH has been reclassified from continuing operations to discontinued operations.
What percentage of total deposits did one major interest-bearing checking account customer represent at December 31, 2024?
One major interest-bearing checking account customer accounted for approximately 8.6% of total deposits at December 31, 2024.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding QUAINT OAK BANCORP, INC. (QNTO).