Quaint Oak net income rises 76.8% to $481,000 in Q2 FY26
QNTO•Non-interest income increases
Non-interest income increased 18.5% to $2.31 million, led by a 38.6% rise in mortgage and Oakmont loan-sale gains.
Balance sheet and credit metrics
Total assets slipped 6.7% to $630.3 million, while deposits fell 7.8% to $550.8 million.
Non-performing loans climbed to $9.8 million, or 1.88% of loans, from $7.3 million, or 1.36%, at Dec. 31.
Quarterly earnings rise year over year
Quaint Oak Bancorp posted net income of $481,000 for the quarter ended June 30, 2026, up 76.8% year over year.
Net interest income rose 1.5% to $4.6 million, as interest expense fell 13.4% despite a 6.8% drop in interest income.
