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Last $23.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/10/15 All times are local (Market data is delayed by at least 15 minutes).

quaint oak bancorp inc (QNTO) Key Developments

Quaint Oak Bancorp Inc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Quaint Oak Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported interest income of $2.130 million compared to $1.778 million a year ago. Net interest income was $1.625 million compared to $1.368 million a year ago. Income before income taxes was $0.600 million compared to $0.523 million a year ago. Net income was $0.374 million or $0.40 per diluted share compared to $0.325 million or $0.36 per diluted share a year ago. Tangible book value per share, end of period was $19.93 compared to $18.54 a year ago. The increase in net income on a comparative quarterly basis was primarily the result of increases in net interest income of $257,000 and non-interest income of $15,000, and a decrease in the provision for loan losses of $5,000, partially offset by an increase in non-interest expense of $200,000 and an increase in the provision for income taxes of $28,000. The $257,000, or 18.8% increase in net interest income over the comparable period in 2014 was driven by a $352,000, or 19.8% increase in interest income, partially offset by a $95,000, or 23.2% increase in interest expense. For the six months, the company reported interest income of $4.120 million compared to $3.537 million a year ago. Net interest income was $3.140 million compared to $2.738 million a year ago. Income before income taxes was $0.946 million compared to $0.859 million a year ago. Net income was $0.583 million or $0.63 per diluted share compared to $0.525 million or $0.58 per diluted share a year ago. The increase in net income was primarily the result of an increase in net interest income of $402,000, an increase in non-interest income of $123,000, and a decrease in the provision for loan losses of $17,000, partially offset by increases in non-interest expense of $455,000 and the provision for income taxes of $29,000. The $402,000, or 14.7% increase in net interest income over the comparable period in 2014 was driven by a $583,000, or 16.5% increase in interest income partially offset by a $181,000, or 22.7% increase in interest expense.

Quaint Oak Bancorp Inc to Report Q2, 2015 Results on Jul 28, 2015

Quaint Oak Bancorp Inc announced that they will report Q2, 2015 results on Jul 28, 2015

Quaint Oak Bancorp Inc Declares Quarterly Cash Dividend Payable on August 3, 2015

Quaint Oak Bancorp Inc. announced that its Board of Directors at their meeting on July 8, 2015, declared a quarterly cash dividend of $0.07 per share on the common stock of the company payable on August 3, 2015, to the shareholders of record at the close of business on July 20, 2015.

Quaint Oak Bancorp Ratifies Appointment of S.R. Snodgrass as Auditor

Quaint Oak Bancorp Inc. announced that at the annual meeting of shareholders held on May 13, 2015, the company ratified the appointment of S.R. Snodgrass, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2015.

Quaint Oak Bancorp Inc Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Quaint Oak Bancorp Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company reported net income was $209,000, or $0.25 per basic and $0.23 per diluted share, compared to $200,000, or $0.23 per basic and $0.22 per diluted share for the same period in 2014. The increase in net income on a comparative quarterly basis was primarily the result of increases in net interest income of $145,000 and non-interest income of $108,000, and a decrease in the provision for loan losses of $12,000, partially offset by an increase in non-interest expense of $255,000 and an increase in the provision for income taxes of $1,000. The increase in interest income was primarily due to a $19.2 million increase in average loans receivable, net, including loans held for sale, which increased from an average balance of $110.8 million for the three months ended March 31, 2014 to an average balance of $130.0 million for the three months ended March 31, 2015, and had the effect of increasing interest income $298,000. Interest income was $1,990,000 compared with $1,759,000 for the same period last year. Net interest income was $1,515,000 compared with $1,370,000 for the same period last year. Income before income taxes was $346,000 compared with $336,000 for the same period last year.

 

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QNTO Competitors

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Industry Analysis

QNTO

Industry Average

Valuation QNTO Industry Range
Price/Earnings 16.5x
Price/Sales 2.6x
Price/Book 1.1x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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