Exciting News from Quaint Oak Bancorp, Inc.

Southampton, PA , Jan. 31, 2025 (GLOBE NEWSWIRE) —

Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net income for the quarter ended December 31, 2024 of $1.6 million, or $0.60 per basic and diluted share, compared to net income of $1.1 million, or $0.49 per basic and diluted share, for the same period in 2023. Net income for the year ended December 31, 2024 was $2.8 million, or $1.08 per basic and diluted share, compared to net income of $2.0 million, or $0.90 per basic and $0.89 per diluted share, for the same period in 2023.

Expanding Financial Growth

This significant increase in net income for Quaint Oak Bancorp, Inc. showcases the company’s continued financial growth and stability. With a substantial jump in earnings from the previous year, investors and shareholders can look forward to a promising future for the company.

Impact on Individuals

For individuals, this positive financial report from Quaint Oak Bancorp, Inc. may indicate a strong and reliable financial institution to trust with their banking needs. Customers can feel confident in the bank’s ability to provide quality services and maintain financial stability.

Global Implications

On a larger scale, the increased net income for Quaint Oak Bancorp, Inc. may have broader implications for the financial industry. A successful and thriving bank can contribute to the overall stability of the economy and financial markets, potentially benefiting individuals and businesses worldwide.

Conclusion

In conclusion, the recent financial report from Quaint Oak Bancorp, Inc. is a positive indicator of the company’s growth and success. With a significant increase in net income, the bank is well-positioned to continue providing excellent services to its customers and making a positive impact in the financial industry.