Welcome to our dedicated page for Quaint Oak Bancorp news (Ticker: QNTO), a resource for investors and traders seeking the latest updates and insights on Quaint Oak Bancorp stock.
Quaint Oak Bancorp Inc (QNTO) delivers community-focused banking services through personalized financial solutions and strategic subsidiary operations. This news hub provides investors and stakeholders with essential updates about the Pennsylvania-chartered institution’s initiatives, performance, and market positioning.
Access timely announcements including quarterly earnings reports, regulatory developments, leadership changes, and community partnership launches. Our curated collection features press releases on mortgage banking innovations, commercial financing expansions, and risk management advancements – all critical for understanding QNTO’s role in regional financial ecosystems.
Bookmark this page for verified updates on Quaint Oak’sorp’s operational milestones, including subsidiary activities in title abstracting and insurance services. Discover how the bank’s commitment to multicultural engagement and conservative credit practices translates to real-world financial stability for customers and investors alike.
Return regularly to stay informed about QNTO’s evolving strategies in community banking, delivered through primary sources without speculative commentary. This resource eliminates the need to track multiple channels, ensuring you never miss pivotal developments affecting this customer-centric financial institution.
Quaint Oak Bank, a subsidiary of Quaint Oak Bancorp (OTCQB: QNTO), has announced an expansion of its real estate operations with the opening of two new offices in Pennsylvania: Chalfont and Doylestown. This expansion extends its market reach into the Delaware Valley, complementing its existing presence in the Lehigh Valley. The initiative is bolstered by the hiring of experienced management, including Lynn Sharer as Manager and Broker of Record, and Janice Robinson to lead the Doylestown office. Quaint Oak Real Estate aims to double its sales agent count from approximately 36.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) reported a net income of $1.8 million for Q3 2021, up 76.8% from $1.0 million in Q3 2020. For the first nine months, net income rose 99.0% to $4.3 million. Key growth metrics include a 10.7% increase in total assets to $535.9 million, with loans held for sale doubling to $106.8 million. Deposits surged by 22.7% to $435.5 million, driven by significant growth in money market accounts. The company also launched Oakmont Commercial, LLC, expanding its real estate finance capabilities.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) has launched a new subsidiary, Oakmont Commercial, LLC, focused on specialty commercial real estate finance, based in Southampton, PA. Led by Ken Markizon, who has extensive banking experience, the new entity aims to expand the bank's footprint in commercial real estate lending nationally. Robert T. Strong, CEO of Quaint Oak Bank, emphasized the initiative's synergy with existing operations and its significance for growth. Quaint Oak Bank operates through regional offices in key Pennsylvania markets and manages several other subsidiaries.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) announced a quarterly cash dividend of $0.11 per share on its common stock, set for payment on November 8, 2021. Shareholders of record as of October 25, 2021 will receive the dividend. Quaint Oak Bancorp is the parent company of Quaint Oak Bank, which provides banking services across three regional offices in Pennsylvania. The company also includes various subsidiaries, including those in real estate and insurance.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) reported a net income of $1.5 million for Q2 2021, up 106.4% year-over-year, resulting in $0.76 per share. For the six months ended June 30, 2021, net income was $2.5 million, an increase of 118.3%. Total assets grew by 8.9% to $527 million, driven by a 67.3% rise in commercial business loans due to SBA PPP loans. Stockholders' equity increased by 15.6%, reflecting ongoing commitment to shareholder value. However, the allowance for loan losses rose to 1.39% of total loans, indicating potential future risks.
Quaint Oak Bancorp (OTCQB: QNTO) declared a quarterly cash dividend of $0.11 per share, payable on August 9, 2021, to shareholders recorded by July 26, 2021. The company, based in Southampton, Pennsylvania, is the parent of Quaint Oak Bank, which operates offices in the Delaware Valley, Lehigh Valley, and Philadelphia. Quaint Oak Bank also holds a majority stake in Oakmont Capital Holdings, an equipment finance company.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) reported a net income of $1.0 million ($0.52/share) for Q1 2021, a 138.4% increase from $432,000 ($0.22/share) in Q1 2020. Key drivers included growth in non-interest income and net interest income, supported by a significant increase in deposits of over $84.9 million. Total assets reached $561.0 million, while loans receivable increased by $50.8 million. The bank remains focused on SBA PPP lending, closing nearly $73 million in Round Two funding. Asset quality improved, with non-performing assets at 0.10% of total assets.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) has declared a quarterly cash dividend of $0.11 per share, up from $0.09, reflecting a 22.2% increase. This dividend is payable on May 10, 2021, to shareholders of record as of April 26, 2021. President and CEO Robert T. Strong highlighted that this increase showcases the company's strong financial performance for fiscal 2020 and its ongoing commitment to shareholder value.
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) announced a quarterly cash dividend of $0.09 per share on October 14, 2020, to shareholders of record by the close of business on October 26, 2020. The dividend is scheduled for payment on November 9, 2020. Quaint Oak Bancorp operates Quaint Oak Bank and its subsidiaries, providing various financial services across multiple regions, including Delaware Valley and Philadelphia.
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