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.
QNB Corp. (QNBC) reported net income of $2,465,000, or $0.67 per diluted share, for Q2 2024, compared to $1,887,000, or $0.52 per diluted share, in Q2 2023. The bank's performance improved due to a $1,246,000 increase in net interest income, decreased provision for credit losses, and a $172,000 increase in non-interest income. Total assets reached $1,761,487,000 as of June 30, 2024. Loans receivable increased by 6.3% to $1,162,310,000, while total deposits grew by 5.7% to $1,572,839,000. The net interest margin improved to 2.46% in Q2 2024, up from 2.27% in Q2 2023. The company also strategically sold lower-yielding securities and reinvested in higher-yielding assets.
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'.
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