QNB Financials

QNBC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

5/9

QNB passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.42x

For every $1 of reported earnings, QNB generates $1.42 in operating cash flow ($16.2M OCF vs $11.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows QNB (QNBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$84.1M

YoY+21.7%

5Y CAGR+12.6%

10Y CAGR+10.6%

QNB generated $84.1M in revenue in fiscal year 2024. This represents an increase of 21.7% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$11.4M

YoY+20.7%

5Y CAGR-1.5%

10Y CAGR+2.4%

QNB reported $11.4M in net income in fiscal year 2024. This represents an increase of 20.7% from the prior year.

EPS (Diluted)

$3.12

YoY+18.6%

5Y CAGR-2.4%

10Y CAGR+1.4%

QNB earned $3.12 per diluted share (EPS) in fiscal year 2024. This represents an increase of 18.6% from the prior year.

Cash & Debt

$50.7M

YoY-19.1%

5Y CAGR+23.6%

10Y CAGR+10.8%

QNB held $50.7M in cash against $30.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.48

YoY+0.0%

5Y CAGR+2.3%

10Y CAGR+2.8%

QNB paid $1.48 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY+1.2%

5Y CAGR+1.0%

10Y CAGR+1.1%

QNB had 4M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

13.6%

YoY-0.1pp

5Y CAGR-13.0pp

10Y CAGR-15.7pp

QNB's net profit margin was 13.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity

11.1%

YoY+0.6pp

5Y CAGR+0.8pp

10Y CAGR+0.7pp

QNB's ROE was 11.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

QNBC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$84.1M+21.7%	$69.1M+31.8%	$52.4M+12.1%	$46.8M+7.0%	$43.7M-5.9%	$46.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$41.2M+42.4%	$28.9M+265.1%	$7.9M+70.7%	$4.6M-28.0%	$6.4M-36.3%	$10.1M
Income Tax	$2.9M+29.7%	$2.2M-38.8%	$3.7M-7.5%	$4.0M+54.6%	$2.6M-10.1%	$2.9M
Net Income	$11.4M+20.7%	$9.5M-40.4%	$15.9M-3.5%	$16.5M+36.5%	$12.1M-2.2%	$12.4M
EPS (Diluted)	$3.12+18.6%	$2.63-41.2%	$4.47-3.7%	$4.64+35.7%	$3.42-3.1%	$3.53

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$23.5M+1.8%	$23.1M+4.1%	$22.2M0.0%	$22.2M+1.2%	$21.9M+7.9%	$20.3M+4.0%	$19.6M+1.6%	$19.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.5M+0.6%	$10.5M-1.9%	$10.7M-5.1%	$11.2M+3.8%	$10.8M+10.9%	$9.8M+3.7%	$9.4M+3.7%	$9.1M
Income Tax	$922K-8.3%	$1.0M+61.1%	$624K-16.0%	$743K-22.7%	$961K+76.7%	$544K-17.9%	$663K+119.5%	$302K
Net Income	$3.6M-6.1%	$3.9M+50.6%	$2.6M-15.5%	$3.1M-8.6%	$3.3M+35.4%	$2.5M-5.0%	$2.6M+128.7%	$1.1M
EPS (Diluted)	$0.98-5.8%	$1.04+50.7%	$0.69-16.9%	$0.83-8.8%	$0.91+35.8%	$0.67-5.6%	$0.71+129.0%	$0.31

QNBC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.9B+9.6%	$1.7B+2.3%	$1.7B-0.3%	$1.7B+16.2%	$1.4B+17.6%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$50.7M-19.1%	$62.7M+294.1%	$15.9M+18.7%	$13.4M-66.0%	$39.3M+123.4%	$17.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+9.4%	$1.6B+1.1%	$1.6B+3.9%	$1.5B+17.7%	$1.3B+18.2%	$1.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$30.0M+50.0%	$20.0M+100.0%	$10.0M0.0%	$10.0M0.0%	$10.0M	N/A
Total Equity	$103.3M+13.8%	$90.8M+28.0%	$71.0M-48.0%	$136.5M+1.5%	$134.4M+11.4%	$120.7M
Retained Earnings	$140.0M+4.5%	$133.9M+3.9%	$129.0M+9.1%	$118.2M+10.8%	$106.6M+7.3%	$99.4M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.9B+1.0%	$1.9B-0.6%	$1.9B+1.4%	$1.9B+1.6%	$1.8B+4.5%	$1.8B+2.6%	$1.7B+0.6%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$66.3M-0.2%	$66.5M-18.5%	$81.6M+60.8%	$50.7M-51.3%	$104.2M+35.5%	$76.9M+50.9%	$51.0M-18.7%	$62.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+0.6%	$1.8B-0.9%	$1.8B+1.2%	$1.8B+1.8%	$1.7B+4.3%	$1.7B+2.6%	$1.6B+0.4%	$1.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$0	$0-100.0%	$30.0M0.0%	$30.0M0.0%	$30.0M0.0%	$30.0M+50.0%	$20.0M0.0%	$20.0M
Total Equity	$121.5M+7.3%	$113.3M+4.7%	$108.2M+4.7%	$103.3M-1.9%	$105.3M+8.7%	$96.9M+3.4%	$93.7M+3.2%	$90.8M
Retained Earnings	$145.8M+1.6%	$143.6M+1.8%	$141.1M+0.8%	$140.0M+1.2%	$138.3M+1.4%	$136.3M+0.8%	$135.2M+0.9%	$133.9M

QNBC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$16.2M+12.2%	$14.5M-14.1%	$16.8M-44.6%	$30.4M+299.8%	$7.6M-45.3%	$13.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$173.3M-852.3%	$23.0M+132.2%	-$71.6M+74.6%	-$282.5M-52.6%	-$185.1M-451.4%	-$33.6M
Financing Cash Flow	$145.2M+1467.3%	$9.3M-83.8%	$57.3M-74.7%	$226.2M+13.5%	$199.3M+736.3%	$23.8M
Dividends Paid	$4.8M+2.7%	$4.7M+3.8%	$4.5M+2.8%	$4.4M+3.5%	$4.2M+3.4%	$4.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$3.6M-37.3%	$5.7M+680.6%	-$987K-115.1%	$6.5M+61.0%	$4.0M0.0%	$4.0M+152.1%	$1.6M-73.4%	$6.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$13.7M-1305.2%	-$972K-113.2%	$7.4M+108.0%	-$92.1M-115.0%	-$42.9M-142.4%	-$17.7M+14.3%	-$20.6M-8569.3%	-$238K
Financing Cash Flow	$9.9M+150.0%	-$19.8M-181.2%	$24.4M-23.9%	$32.1M-51.5%	$66.1M+67.1%	$39.6M+439.7%	$7.3M+325.9%	$1.7M
Dividends Paid	$1.3M+0.2%	$1.3M+1.1%	$1.2M+3.1%	$1.2M0.0%	$1.2M+0.3%	$1.2M0.0%	$1.2M+1.0%	$1.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QNBC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	13.6%-0.1pp	13.7%-16.6pp	30.4%-4.9pp	35.3%+7.6pp	27.7%+1.0pp	26.6%
Return on Equity	11.1%+0.6pp	10.4%-12.0pp	22.4%+10.4pp	12.1%+3.1pp	9.0%-1.3pp	10.2%
Return on Assets	0.6%+0.1pp	0.6%-0.4pp	0.9%-0.0pp	1.0%+0.2pp	0.8%-0.2pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.29+0.1	0.22+0.1	0.14+0.1	0.070.0	0.07-9.1	9.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.5%-1.3pp	16.8%+5.2pp	11.6%-2.1pp	13.7%-1.5pp	15.2%+3.1pp	12.1%-1.1pp	13.3%+7.4pp	5.9%
Return on Equity	3.0%-0.4pp	3.4%+1.0pp	2.4%-0.6pp	2.9%-0.2pp	3.2%+0.6pp	2.5%-0.2pp	2.8%+1.5pp	1.3%
Return on Assets	0.2%-0.0pp	0.2%+0.1pp	0.1%-0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.1%-0.0pp	0.1%+0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.00-0.3	0.28-0.0	0.290.0	0.28-0.0	0.31+0.1	0.210.0	0.22
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is QNB's annual revenue?

QNB (QNBC) reported $84.1M in total revenue for fiscal year 2024. This represents a 21.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is QNB's revenue growing?

QNB (QNBC) revenue grew by 21.7% year-over-year, from $69.1M to $84.1M in fiscal year 2024.

Is QNB profitable?

Yes, QNB (QNBC) reported a net income of $11.4M in fiscal year 2024, with a net profit margin of 13.6%.

What is QNB's earnings per share (EPS)?

QNB (QNBC) reported diluted earnings per share of $3.12 for fiscal year 2024. This represents a 18.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does QNB have?

As of fiscal year 2024, QNB (QNBC) had $50.7M in cash and equivalents against $30.0M in long-term debt.

What is QNB's net profit margin?

QNB (QNBC) had a net profit margin of 13.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does QNB pay dividends?

Yes, QNB (QNBC) paid $1.48 per share in dividends during fiscal year 2024.

What is QNB's return on equity (ROE)?

QNB (QNBC) has a return on equity of 11.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is QNB's operating cash flow?

QNB (QNBC) generated $16.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are QNB's total assets?

QNB (QNBC) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does QNB have outstanding?

QNB (QNBC) had 4M shares outstanding as of fiscal year 2024.

What is QNB's debt-to-equity ratio?

QNB (QNBC) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QNB's return on assets (ROA)?

QNB (QNBC) had a return on assets of 0.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is QNB's Piotroski F-Score?

QNB (QNBC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QNB's earnings high quality?

QNB (QNBC) has an earnings quality ratio of 1.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.