Quaint Oak Bancorp, Inc. filings document formal disclosures for a bank holding company whose wholly owned subsidiary is Quaint Oak Bank. Recent Form 8-K reports cover results of operations, financial condition, quarterly cash dividends, bank regulatory matters, and amendments to the company’s bylaws, including provisions for book-entry shares.
The company’s proxy materials describe annual shareholder meeting matters, board governance, executive compensation and equity-related disclosures. Regulatory filings also record the termination of prior consent orders involving the Bank’s Bank Secrecy Act compliance program, along with related compliance, financial crime management and third-party risk oversight disclosures.
Quaint Oak Bancorp, Inc. reported net income of $166,000 for the three months ended March 31, 2026, compared with a net loss of $83,000 a year earlier. Basic and diluted earnings per share were $0.06, versus a loss of $0.03 per share in the prior-year quarter.
Total assets were $643.2 million at March 31, 2026, down from $675.9 million at December 31, 2025, mainly from lower loans receivable, loans held for sale, and cash. Net loans were $526.4 million, and deposits totaled $565.4 million, down from $597.3 million.
Net interest income rose to $4.7 million from $4.1 million, while the provision for credit losses declined to $96,000 from $441,000. Non-interest income was $1.8 million, and non-interest expense increased to $6.1 million. Non-performing loans were $9.9 million, and the allowance for credit losses was $6.2 million.
Quaint Oak Bancorp EVP and Corporate Secretary Aimee K. Ott reported an automatic share disposition tied to tax obligations rather than an open-market trade. On May 10, 2026, 304 shares of common stock were delivered at $17.54 per share to satisfy tax due on a distribution from a stock benefit plan.
After this transaction, Ott directly held 12,485 shares of common stock. She also had indirect holdings of 5,282.8622 shares through an ESOP account and 5,357.1370 shares through the company 401(k) plan. In addition, she retained employee stock options covering 8,136 shares at $13.30 expiring in 2028, 15,000 shares at $18.00 expiring in 2033, and 6,000 shares at $10.15 expiring in 2035, all for common stock.
QUAINT OAK BANCORP, INC. President William R. Gonzalez reported a routine tax-related share disposition. On May 10, 2026, 304 shares of common stock were withheld at $17.54 per share to cover tax obligations on a distribution from a stock benefit plan.
After this withholding, he directly holds 16,054 common shares, which include awards granted under the 2023 Stock Incentive Plan that vest 20% per year beginning on May 10, 2024 and September 5, 2026. He also has indirect holdings through a 401(k) Plan and ESOP accounts for himself and his spouse, reflecting shares accumulated since the last Form 4.
Gonzalez continues to hold employee stock options over 15,000 shares at $18.00 expiring in 2033, 7,000 shares at $10.15 expiring in 2035, and 11,220 shares at $13.30 expiring in 2028, providing significant ongoing equity exposure.
Quaint Oak Bancorp, Inc. reported a return to profitability for the quarter ended March 31, 2026, with net income of $166,000, or $0.06 per basic and diluted share, compared to a net loss of $83,000, or $(0.03) per share, a year earlier.
Results were driven by a $580,000 decrease in interest expense, a $345,000 net reduction in provision for credit losses, and a $53,000 increase in non-interest income, partly offset by a $580,000 rise in non-interest expense and higher income taxes. The average interest rate spread improved from 2.13% to 2.26%, and net interest margin rose from 2.63% to 2.90%, reflecting better funding costs and asset mix.
Total assets fell to $643.2 million from $675.9 million at December 31, 2025, mainly due to lower loans and loans held for sale, while deposits declined to $565.4 million. Asset quality weakened as non-performing loans increased to $9.9 million, or 1.87% of total loans receivable, net, and the Texas Ratio rose to 15.87%. During the quarter, the company also received notice that its previously disclosed regulatory consent order was lifted after completion of remediation efforts.
QUAINT OAK BANCORP, INC. Chief Executive Officer Robert T. Strong exercised employee stock options to acquire 2,462 shares of common stock at an exercise price of $13.30 per share. Following this option exercise, he directly holds 212,570 common shares, including unvested awards and shares held jointly with his spouse.
He also has indirect ownership through retirement and benefit accounts, with 33,813.7914 shares in an ESOP, 22,742 shares in an IRA, and 10,749.3090 shares in a 401(k) plan, all as of a report dated April 21, 2026. Remaining option positions include rights to buy 15,000 shares at $18.00 per share expiring in 2033 and 2,500 shares at $10.15 per share expiring in 2035.
QUAINT OAK BANCORP, INC. director James J. Clarke exercised stock options to acquire 100 shares of common stock at $13.30 per share. After this transaction, he directly owns 70,790 common shares, including 35,950 held jointly with his spouse and 600 unvested shares under the 2023 Stock Incentive Plan.
Clarke also retains a stock option on 5,000 shares of common stock with an exercise price of $18.00 per share expiring on May 10, 2033, which continues to vest at 20% per year commencing on May 10, 2024. No open-market sales were reported in this filing.
Quaint Oak Bancorp, Inc. declared a quarterly cash dividend of $0.04 per share on its common stock. The Board approved the dividend on April 15, 2026. It will be paid on May 11, 2026 to shareholders who are on record as of April 27, 2026.
The company, parent of Quaint Oak Bank and its financial services affiliates, describes itself as operating multi-state businesses in banking, mortgage, insurance, abstract, and commercial real estate financing.
Quaint Oak Bancorp, Inc. is holding its annual shareholder meeting at its Southampton, Pennsylvania headquarters on May 13, 2026 at 2:00 p.m. Eastern. Shareholders will vote to elect three directors for terms expiring in 2029 and to ratify S.R. Snodgrass, P.C. as independent auditor for the year ending December 31, 2026.
Shareholders of record on March 24, 2026, when 2,640,997 common shares were outstanding, are entitled to one vote per share. The Board, a majority of whom are independent, separates the roles of Chairman and Chief Executive Officer.
The proxy discloses 2025 director retainers and meeting fees and shows 2025 CEO compensation of $402,509, including $355,000 salary, $20,000 bonus and equity awards under the 2023 Stock Incentive Plan. Other named executives received salaries of $265,000 and $264,790 with cash bonuses and equity grants. Employment agreements for key executives include base salary minimums, annual bonus eligibility and change-in-control severance up to 2.99 times average compensation, subject to tax limits.
The company maintains a 401(k) plan with potential matching and profit-sharing contributions and an Employee Stock Ownership Plan, which received a $108,245 contribution for 2025. Audit fees paid to S.R. Snodgrass, P.C. totaled $210,154 in 2025, including audit, audit-related and tax services. The Board recommends voting in favor of the director slate and auditor ratification.
Quaint Oak Bancorp, Inc. reported that its subsidiary Quaint Oak Bank received formal notifications on March 30, 2026 from the FDIC and the Pennsylvania Department of Banking and Securities terminating the Consent Orders issued on May 15, 2025 related to its Bank Secrecy Act compliance program.
The termination confirms the Bank successfully resolved the regulatory issues in roughly ten months and implemented substantial enhancements to its compliance framework, including financial crime management and third-party risk oversight. Management notes that dedicating significant resources to remediation hurt short-term financial performance, but the Company has now resumed full focus on executing its strategic initiatives.