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. (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.
On February 28, 2023, QNB Corp. (OTC: QNBC) announced a quarterly cash dividend of $0.37 per share, payable on March 31, 2023, to shareholders of record by March 17, 2023. This decision reflects the company's continued commitment to returning value to its shareholders amid its operations as a provider of commercial and retail banking services through QNB Bank, which has twelve banking offices. The corporation remains focused on enhancing shareholder income and maintaining a sustainable growth trajectory.
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