QNB Stock Price, News & Analysis

QNB Corp. (QNBC) reported a strong financial performance for the fourth quarter and full year of 2021, with net income of $4,149,000 ($1.17 per share) for Q4, slightly down from $4,151,000 in Q4 2020. For the year, net income surged to $16,492,000 ($4.64 per share), up from $12,083,000 in 2020. Total assets increased to $1.67 billion, and total deposits rose by 18.1% to $1.45 billion. Nonetheless, the net interest margin declined, reflecting lower yields on earning assets. The bank also reported a decrease in non-interest income for Q4, but overall non-interest income grew by 28.7% for the year.

On November 23, 2021, the Board of Directors of QNB Corp. declared a quarterly cash dividend of $0.35 per share, payable on December 31, 2021. Shareholders of record as of December 17, 2021 will receive this payment. QNB Corp., operating through its subsidiary QNB Bank, provides a range of commercial and retail banking services across twelve locations. The company's stock trades under the symbol QNBC in the over-the-counter market.

QNB Corp. reported a net income of $3.424 million or $0.96 per share for Q3 2021, down from $3.778 million or $1.07 per share in Q3 2020. For the nine months ended September 30, 2021, net income was $12.343 million or $3.47 per share, up from $7.932 million or $2.25 per share for the same period last year. Total assets rose to $1.658 billion, while deposits increased by 16.6%. However, non-interest income saw a significant 53.2% decline due to reduced gains from the equities portfolio.

On August 24, 2021, QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.35 per share. The dividend will be payable on September 24, 2021 to shareholders recorded by September 10, 2021. QNB Corp. provides banking services via its subsidiary, QNB Bank, which operates twelve banking offices. This financial move highlights QNB Corp.'s commitment to returning value to its shareholders, signaling confidence in its ongoing performance.

QNB Corp. reported a net income of $3.87 million for Q2 2021, down from $3.93 million in Q2 2020, translating to $1.09 and $1.11 per diluted share, respectively. Year-to-date, net income rose to $8.92 million from $4.15 million in the comparable period of 2020. Total assets increased to $1.58 billion, with deposits up by 9.4% to $1.34 billion. Notably, non-interest income declined by 10% due to reduced gains from equity securities. However, net interest income rose by 5% for Q2, and non-performing loans decreased to 1.36% of loans receivable.

On May 25, 2021, the Board of Directors of QNB Corp. (OTC: QNBC) announced a quarterly cash dividend of $0.35 per share. This dividend is set to be paid on June 25, 2021, to shareholders on record as of June 11, 2021.

QNB Corp. provides a range of commercial and retail banking services through its subsidiary, QNB Bank, with twelve banking offices. The company’s stock is traded under the symbol QNBC.

QNB Corp. (QNBC) reported a record net income of $5,050,000 ($1.42 per share) for Q1 2021, a substantial increase from $220,000 ($0.06 per share) in Q1 2020. This surge is attributed to improved bank performance and a non-cash increase in non-interest income from equity securities. Total assets rose to $1.57 billion, and loans increased by 2.8% to $945.65 million. Total deposits saw a 9.2% increase, reaching $1.34 billion. Non-interest income also grew significantly, underscoring QNB's resilience amid economic challenges, partially aided by SBA loan forgiveness.

QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.35 per share, marking a 2.9% increase from the previous quarter. The dividend corresponds to a yield of 4.2% based on the closing price as of February 22, 2021. Shareholders of record by March 12, 2021, will receive the payment on March 26, 2021. CEO David W. Freeman attributed the dividend increase to the company's strong financial performance and well-capitalized position, allowing for an uninterrupted history of quarterly dividends.

On August 25, 2020, QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.34 per share, set to be paid on September 25, 2020. Shareholders of record as of September 11, 2020 will be eligible for the dividend. QNB Corp. operates QNB Bank, offering commercial and retail banking services across twelve locations. This dividend reflects the company's commitment to returning value to its shareholders.