Welcome to our dedicated page for QNB news (Ticker: QNBC), a resource for investors and traders seeking the latest updates and insights on QNB stock.
QNB Corp (QNBC) delivers essential financial services through its QNB Bank subsidiary, specializing in community-focused commercial banking, investment advisory, and title insurance solutions. This news hub provides investors and stakeholders with verified updates about the company's strategic initiatives and market position.
Track key developments through curated press releases, regulatory filings, and operational updates. Our repository includes earnings announcements, leadership changes, capital management strategies, and community partnership initiatives specific to QNBC's Pennsylvania markets.
Discover timely information about commercial lending programs, retail banking enhancements, and financial advisory services while staying informed about capital adequacy measures and regulatory compliance updates. All content undergoes strict verification to ensure accuracy and relevance for investment research needs.
Bookmark this page for direct access to QNBC's latest corporate communications, including merger activity disclosures, dividend declarations, and market expansion plans within its operational counties. Regular updates provide comprehensive insights into this community-rooted financial services provider.
On May 21, 2024, QNB Corp. (OTC: QNBC), the parent company of QNB Bank, announced a quarterly cash dividend of $0.37 per share. The Board of Directors declared that the dividend would be payable on June 28, 2024, to shareholders recorded by June 14, 2024. QNB Corp. provides commercial and retail banking services through its twelve branches of QNB Bank. The company's stock is traded over-the-counter under the ticker 'QNBC'.
QNB Corp. (OTC Bulletin Board: QNBC) reported a net income of $4,118,000 or $1.15 per share for Q1 2023, up from $3,710,000 or $1.04 per share in Q1 2022. The annualized return on assets and equity improved to 0.97% and 10.81%, respectively. The quarter benefited from a $1,783,000 reversal in the provision for credit losses, enhancing asset quality. Total assets decreased to $1,626,499,000, with loans receivable down by $27,429,000 (2.6%). Total deposits rose by $6,221,000 to $1,424,590,000. Net interest income fell to $10,417,000, with a net interest margin of 2.55%. Total non-interest income declined to $1,219,000, while non-interest expenses rose to $8,178,000.
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