Quaint Oak Swings to $635K Q3 Profit, Launches $5M Note Buyback as NPAs Jump
QNTO sits 67% above its 52-week low of $8.84.
Summary
Quaint Oak earned $635,000 ($0.24/share) in Q3 2026 versus a $41,000 loss a year earlier, with margin up to 3.17%, while non-performing loans rose to $11.4 million. The board also approved buying back up to $5.0 million of its 11.00% senior notes due 2028.
Key Events · Earnings and Guidance · QNTO
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Q3 Profit Reverses Year-Ago Loss
Net income of $635,000, or $0.24 per diluted share, versus a net loss of $41,000, or $(0.02), in Q3 2025; nine-month net income was $1.3 million, or $0.48 per share.
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Margin Expands on Lower Funding Costs
Net interest margin rose to 3.17% from 2.77% a year earlier as FHLB borrowings were fully repaid and deposit rates declined; interest expense fell $951,000, or 16.5%.
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Non-Performing Loans Climb Sharply
Non-performing loans reached $11.4 million, or 2.27% of loans, up from $7.3 million, or 1.36%, at December 31, 2025; the allowance covers 50.17% of them versus 102.58% a year ago.
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$5M Senior Note Repurchase Program
Board approved repurchasing or redeeming up to $5.0 million principal of the 11.00% senior unsecured notes due 2028 (up to $5.1 million with accrued interest), commencing October 30, 2026, at management's discretion.
Analysis · QNTO · Finance
A $41,000 loss became $635,000 of net income ($0.24 per share) as FHLB borrowings were fully repaid and deposit costs fell, lifting the net interest margin to 3.17% from 2.77%. Asset quality is the offset: non-performing loans climbed to $11.4 million (2.27% of loans) from $7.3 million (1.36%) at year-end, and the allowance now covers only 50.17% of them versus 102.58% a year ago. Against that backdrop the board authorized repurchasing or redeeming up to $5.0 million principal of its 11.00% senior notes due 2028 starting October 30, 2026 — retiring expensive debt, but also a use of capital while credit metrics deteriorate.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QNTO was trading at $14.75 on OTC in the Finance sector, with a market capitalization of approximately $39.1M. The 52-week trading range was $8.84 to $17.59. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.