QNB Stock Price, News & Analysis

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.

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.