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.
Quakertown, PA (February 22, 2023) - QNB Bank announced a $3 million commitment to support low-to-moderate income individuals via the QNB Housing Opportunity Program. This initiative features relaxed lending guidelines, including 100% financing, no origination fees, and acceptance of lower credit scores. Borrowers must complete homebuying counseling to ensure they are financially prepared. This program aims to help more individuals qualify for home mortgage loans, fostering community growth. QNB Bank operates twelve branches in Bucks, Montgomery, and Lehigh Counties, offering various banking services.
QNB Corp. (OTC: QNBC) reported a net income of $5,447,000, or $1.52 per diluted share for Q4 2022, an increase from $4,149,000, or $1.17 per share in Q4 2021.
Annual net income for 2022 was $15,921,000, down from $16,492,000 in 2021. Total assets decreased to $1.67 billion. Net interest income rose to $11,279,000 for Q4 and $44,497,000 for the year. The loan portfolio grew by $124.5 million, driven by commercial loans.
Non-interest income saw a decline of $4 million year-over-year. Despite challenges, QNB's financial metrics showed improvement, with a strong return on equity at 14.38%.
The Board of Directors of QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.36 per share at their meeting on November 22, 2022. This dividend is payable on December 30, 2022 to shareholders of record as of December 16, 2022. QNB Corp. operates through its subsidiary, QNB Bank, which provides commercial and retail banking services across twelve locations.
On November 1, 2022, QNB Bank appointed Jeffrey Lehocky as Executive Vice President and Chief Financial Officer. In this role, he will oversee all accounting, financial, and treasury operations. Lehocky brings extensive experience from his previous positions, including Managing Director at Mitsubishi UFJ Financial Group and various roles at Deutsche Bank. His educational background includes a Bachelor’s in Accounting and an MBA in Finance. QNB Bank, a community bank with assets of approximately $1.6 billion, operates twelve branches across Pennsylvania.
QNB Corp. reported a net income of $3.4 million for Q3 2022, retaining an EPS of $0.96 per share. This marks a slight decrease from $3.4 million in Q3 2021. Year-to-date, net income stood at $10.5 million, down from $12.3 million last year. Despite a 19.7% drop in available-for-sale debt securities, total deposits increased by $26.9 million. QNB’s net interest income rose by $795,000 year-over-year, while its net interest margin remained stable at 2.72%. The total assets decreased to $1.645 billion, reflecting a strategic shift in asset management.
QNB Corp, trading under the symbol QNBC, declared a quarterly cash dividend of $0.36 per share on August 23, 2022. This dividend is payable on September 30, 2022, to shareholders of record as of September 16, 2022. This decision reflects the company's commitment to returning value to its shareholders. QNB Corp. offers commercial and retail banking services through its subsidiary, QNB Bank, with twelve banking offices.
QNB Corp. (OTC: QNBC) reported a net income of $3,349,000 or $0.94 per share for Q2 2022, down from $3,869,000 or $1.09 per share in Q2 2021. For the first half of 2022, net income was $7,059,000 ($1.98 per share) compared to $8,919,000 ($2.51 per share) in 2021. Total assets decreased to $1,646,695,000, while total deposits grew by $17,983,000 to $1,467,728,000. Net interest income rose to $11,103,000, however, net interest margin fell to 2.73%. Non-interest income decreased significantly, mainly due to changes in the equities portfolio's fair value.
On May 24, 2022, QNB Corp. announced a quarterly cash dividend of $0.36 per share, payable on June 24, 2022. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.
Shareholders of record as of June 10, 2022, will be eligible to receive the dividend. The company, through its subsidiary QNB Bank, continues to offer comprehensive banking services across its twelve locations.
QNB Corp. (OTC: QNBC) reported a first quarter 2022 net income of $3,710,000 ($1.04 per share), down from $5,050,000 ($1.42 per share) in Q1 2021. Return on assets decreased to 0.90% from 1.40%, and return on equity fell to 10.60% from 15.70%. Total assets decreased to $1,647,986,000, while deposits rose by $2,008,000 to $1,451,753,000. Net interest income increased by $219,000, but net interest margin declined to 2.71%. Total non-interest income fell by $1,793,000.
On March 1, 2022, QNB Corp. announced a quarterly cash dividend of $0.36 per share, which will be payable on March 25, 2022. Shareholders of record by March 11, 2022 will receive this dividend. QNB Corp., the parent company of QNB Bank, operates twelve banking offices and trades under the OTC symbol QNBC. This dividend declaration reflects the company’s ongoing commitment to return value to shareholders.
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