Quaint Oak Bancorp Q1 returns to profit
30/04/2026 22:59
Overview U.S. bank holding company reported Q1 net income after prior-year loss Results impacted by one-time professional fees and SBA servicing asset write-down Net interest margin improved on disciplined balance sheet pricing and funding cost management Outlook Company expects non-recurring regulatory remediation expenses will not recur at comparable levels Quaint Oak Bancorp says focus remains on balance sheet management and sustainable earnings growth Company believes recent progress has positioned it to continue improving profitability Result Drivers ONE-TIME EXPENSES - Results were affected by non-recurring professional fees, an accounting adjustment for deferred SBA origination costs, and a write-down of the SBA servicing asset INTEREST EXPENSE DECLINE - Net income rose mainly due to a $580,000 decrease in interest expense, driven by lower balances in money market deposits, FHLB borrowings, and subordinated debt SBA LOAN SALES - Non-interest income benefited from a $510,000 increase in gain on sale of SBA loans and higher loan servicing income Company press release: ID:nGNXJXx4z Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q1 Net Income | $166,000 | ||
| Q1 Net Interest Income | $4.69 mln | ||
| Q1 Credit Loss Provision | $96,000 | ||
| Q1 Net Interest Margin | 2.90% | ||
| Q1 Pretax Profit | $286,000 |