QUAINT OAK BANCORP, INC. ANNOUNCES FOURTH QUARTER AND YEAR-END EARNINGS [Yahoo! Finance]
QUAINT OAK BANCORP INC (QNTO)
NASDAQ:AMEX Investor Relations:
quaintoak.com/investors
Company Research
Source: Yahoo! Finance
Bank (the “Bank”), announced today net income for the quarter ended December 31, 2023 of $1.1 million, or $0.49 per basic and diluted share, compared to net income of $1.2 million, or $0.58 per basic and $0.56 per diluted share for the same period in 2022. Net income for the year ended December 31, 2023 was $2.0 million, or $0.90 per basic and $0.89 per diluted share, compared to $7.9 million, or $3.85 per basic and $3.65 per diluted share for the same period in 2022. Robert T. Strong, President and Chief Executive Officer stated, “I am pleased to report that our quarterly net income for the period ending December 31, 2023, of $1.1 million has improved by $1.4 million from the previous quarter end of September 30, 2023 net loss of $255,000. As I had previously reported, it appears likely that we have absorbed the full impact of the Federal Reserve Bank's inflation fighting actions and are now in recovery mode. Accordingly, the steps that we have implemented to realign our balance sh
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Sec Filings
- 4/19/24 - Form D/A
- 4/19/24 - Form 8-K
- 4/11/24 - Form 8-K
- QNTO's page on the SEC website