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. reports news as the parent company of QNB Bank, a community banking subsidiary that provides commercial and retail banking services in Bucks, Montgomery, and Lehigh Counties. The company’s updates commonly cover consolidated operating results, quarterly cash dividends, capital-structure matters, shareholder voting topics, and governance developments, including board appointments.
Recent company disclosures also include material agreements and corporate actions involving QNB Corp. and its bank subsidiary. QNBC trades on the OTCQX market, and its news flow is centered on banking operations, financial performance, shareholder returns, and formal corporate governance activity.
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.