Quaint Oak (QNTO) investor relations material

Executive summary

• Net income for Q2 2026 was $481,000 ($0.18/share), up 76.8% year-over-year; six-month net income was $647,000 ($0.24/share), up 242.3% year-over-year.

• Results driven by lower interest expense, improved funding costs, net interest margin expansion, and higher non-interest income.

• Total assets decreased 6.7% to $630.3 million from December 2025, mainly due to lower loans held for sale and loans receivable.

• Non-performing loans rose to $9.8 million (1.88% of loans), up from $7.3 million (1.36%) at year-end 2025.

• Efficiency ratio improved, reflecting focus on operating efficiency and scalable non-interest income sources.

Financial highlights

• Net interest income for Q2 2026 increased 1.5% to $4.6 million; for six months, up 7.1% to $9.3 million.

• Interest expense fell 13.4% in Q2 and 11.7% for six months, mainly due to elimination of FHLB borrowings and lower money market balances.

• Non-interest income rose 18.5% in Q2 and 11.2% for six months, led by gains on loan sales and higher servicing income.

• Non-interest expense increased 2.0% in Q2 and 6.2% for six months, mainly from higher salaries, professional fees, and SaaS costs.

• Provision for credit losses increased 14.4% ($63,000) in Q2 but decreased 32.1% ($282,000) for six months due to lower charge-offs.

Outlook and guidance

• Management remains focused on disciplined execution, long-term profitability, prudent risk management, and maintaining strong capital levels.

• Ongoing competitive pressure for deposits and continued focus on liquidity and asset quality.

• Continued investment in specialty banking, technology, and personnel expected to support scalable revenue growth.

• No material changes in risk factors or forward-looking statements since the last annual report.