Quaint Oak Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 04:34 pm
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Quaint Oak Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 3.070 million compared to USD 2.279 million a year ago. Net income was USD 1.074 million compared to USD 597,000 a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.29 a year ago. For the full year, net interest income was USD 10.835 million compared to USD 8.685 million a year ago. Net income was USD 3.245 million compared to USD 2.477 million a year ago. Basic earnings per share from continuing operations was USD 1.64 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.61 compared to USD 1.24 a year ago.
Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Quaint Oak Bank's primary business consists of attracting deposits from the general public through a variety of deposit programs and investing such deposits principally in commercial real estate loans, commercial business loans, one-to-four family residential non-owner occupied loans, multi-family residential loans, construction loans, one-to-four family residential owner occupied loans, and home equity loans. Quaint Oak Bank originates loans to businesses for working capital, purchase of a business, tenant improvements, receivables, purchase of inventory and various others. In addition, Quaint Oak Bank offers mortgage banking, multi-state specialty commercial real estate financing and equipment financing, real estate sales, title abstract and insurance services through its subsidiary companies. Quaint Oak Bank serves its customers through its offices as well as through correspondence, telephone and on-line banking.
QUAINT OAK BANCORP, INC. 
