What is QNB's earnings per share (EPS)?

QNB (QNBC) reported diluted earnings per share of $3.78 for fiscal year 2025. This represents a 21.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

QNB Financials

QNBC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows QNB (QNBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QNBC FY2025 2026-05-05

A thin-equity, balance-sheet-heavy model drives results, with steady profits generated from a $1.9B asset base.

Between FY2023 and FY2025, net margin improved from 13.7% to 15.2%. Operating cash flow, however, stayed near $16M, meaning the earnings recovery has not yet turned into a similarly stronger level of internal cash generation.

With assets at $1.9B and equity only $129.6M, a relatively small capital base supports a much larger balance sheet. That is why ROE could sit near 10.9% while ROA was only 0.7%, showing shareholder returns are being amplified more by structure than by unusually rich asset returns.

By FY2025, long-term debt had fallen to $0 even though total liabilities still stood at $1.78B. That means leverage is embedded in the core balance sheet rather than in separate term borrowings, so conventional debt refinancing is not the main lens for understanding how this company is funded.

Financial Health Signals

Financial Profile 32/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of QNB's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

QNB's revenue grew 10.2% year-over-year to $92.6M, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

100

QNB carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns

QNB's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 11.1% the prior year.

Piotroski F-Score Neutral

6/9

QNB passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.18x

For every $1 of reported earnings, QNB generates $1.18 in operating cash flow ($16.6M OCF vs $14.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$92.6M

YoY+10.2%

5Y CAGR+16.2%

10Y CAGR+11.3%

QNB generated $92.6M in revenue in fiscal year 2025. This represents an increase of 10.2% from the prior year.

EBITDA

N/A

Net Income

$14.1M

YoY+23.1%

5Y CAGR+3.1%

10Y CAGR+5.5%

QNB reported $14.1M in net income in fiscal year 2025. This represents an increase of 23.1% from the prior year.

EPS (Diluted)

$3.78

YoY+21.2%

5Y CAGR+2.0%

10Y CAGR+4.4%

QNB earned $3.78 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$50.3M

YoY-0.8%

5Y CAGR+5.0%

10Y CAGR+11.5%

QNB held $50.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.52

YoY+2.7%

5Y CAGR+2.2%

10Y CAGR+2.7%

QNB paid $1.52 per share in dividends in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Shares Outstanding

YoY+1.1%

5Y CAGR+1.0%

10Y CAGR+1.1%

QNB had 4M shares outstanding in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.2%

YoY+1.6pp

5Y CAGR-12.4pp

10Y CAGR-10.6pp

QNB's net profit margin was 15.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.

Return on Equity

10.9%

YoY-0.2pp

5Y CAGR+1.9pp

10Y CAGR+1.8pp

QNB's ROE was 10.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

QNBC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$92.6M+10.2%	$84.1M+21.7%	$69.1M+31.8%	$52.4M+12.1%	$46.8M+7.0%	$43.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$21.3M+7.7%	$19.7M+3.8%	$19.0M+9.9%	$17.3M-0.8%	$17.5M+5.5%	$16.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$41.4M+0.5%	$41.2M+42.4%	$28.9M+265.1%	$7.9M+70.7%	$4.6M-28.0%	$6.4M
Income Tax	$3.8M+31.9%	$2.9M+29.7%	$2.2M-38.8%	$3.7M-7.5%	$4.0M+54.6%	$2.6M
Net Income	$14.1M+23.1%	$11.4M+20.7%	$9.5M-40.4%	$15.9M-3.5%	$16.5M+36.5%	$12.1M
EPS (Diluted)	$3.78+21.2%	$3.12+18.6%	$2.63-41.2%	$4.47-3.7%	$4.64+35.7%	$3.42

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$22.5M-5.6%	$23.8M+1.3%	$23.5M+1.8%	$23.1M+4.1%	$22.2M0.0%	$22.2M+1.2%	$21.9M+7.9%	$20.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.6M-47.5%	$10.7M+103.8%	$5.2M-0.1%	$5.3M+4.4%	$5.0M-44.6%	$9.1M+95.3%	$4.7M-7.7%	$5.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.4M-4.1%	$9.8M-7.1%	$10.5M+0.6%	$10.5M-1.9%	$10.7M-5.1%	$11.2M+3.8%	$10.8M+10.9%	$9.8M
Income Tax	$707K-45.2%	$1.3M+39.8%	$922K-8.3%	$1.0M+61.1%	$624K-16.0%	$743K-22.7%	$961K+76.7%	$544K
Net Income	$2.8M-30.5%	$4.0M+9.1%	$3.6M-6.1%	$3.9M+50.6%	$2.6M-15.5%	$3.1M-8.6%	$3.3M+35.4%	$2.5M
EPS (Diluted)	$0.73-31.1%	$1.06+8.2%	$0.98-5.8%	$1.04+50.7%	$0.69-16.9%	$0.83-8.8%	$0.91+35.8%	$0.67

QNBC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.9B+1.9%	$1.9B+9.6%	$1.7B+2.3%	$1.7B-0.3%	$1.7B+16.2%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$50.3M-0.8%	$50.7M-19.1%	$62.7M+294.1%	$15.9M+18.7%	$13.4M-66.0%	$39.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+0.5%	$1.8B+9.4%	$1.6B+1.1%	$1.6B+3.9%	$1.5B+17.7%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$0-100.0%	$30.0M+50.0%	$20.0M+100.0%	$10.0M0.0%	$10.0M0.0%	$10.0M
Total Equity	$129.6M+25.4%	$103.3M+13.8%	$90.8M+28.0%	$71.0M-48.0%	$136.5M+1.5%	$134.4M
Retained Earnings	$148.4M+6.0%	$140.0M+4.5%	$133.9M+3.9%	$129.0M+9.1%	$118.2M+10.8%	$106.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.9B+0.9%	$1.9B+0.1%	$1.9B+1.0%	$1.9B-0.6%	$1.9B+1.4%	$1.9B+1.6%	$1.8B+4.5%	$1.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$56.6M+12.5%	$50.3M-24.2%	$66.3M-0.2%	$66.5M-18.5%	$81.6M+60.8%	$50.7M-51.3%	$104.2M+35.5%	$76.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+0.9%	$1.8B-0.3%	$1.8B+0.6%	$1.8B-0.9%	$1.8B+1.2%	$1.8B+1.8%	$1.7B+4.3%	$1.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$0	$0	$0-100.0%	$30.0M0.0%	$30.0M0.0%	$30.0M0.0%	$30.0M
Total Equity	$131.4M+1.4%	$129.6M+6.6%	$121.5M+7.3%	$113.3M+4.7%	$108.2M+4.7%	$103.3M-1.9%	$105.3M+8.7%	$96.9M
Retained Earnings	$149.7M+0.9%	$148.4M+1.8%	$145.8M+1.6%	$143.6M+1.8%	$141.1M+0.8%	$140.0M+1.2%	$138.3M+1.4%	$136.3M

QNBC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$16.6M+2.5%	$16.2M+12.2%	$14.5M-14.1%	$16.8M-44.6%	$30.4M+299.8%	$7.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$23.4M+86.5%	-$173.3M-852.3%	$23.0M+132.2%	-$71.6M+74.6%	-$282.5M-52.6%	-$185.1M
Financing Cash Flow	$6.3M-95.6%	$145.2M+1467.3%	$9.3M-83.8%	$57.3M-74.7%	$226.2M+13.5%	$199.3M
Dividends Paid	$5.0M+4.2%	$4.8M+2.7%	$4.7M+3.8%	$4.5M+2.8%	$4.4M+3.5%	$4.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$1.9M-123.3%	$8.3M+130.8%	$3.6M-37.3%	$5.7M+680.6%	-$987K-115.1%	$6.5M+61.0%	$4.0M0.0%	$4.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$8.4M+48.0%	-$16.1M-18.1%	-$13.7M-1305.2%	-$972K-113.2%	$7.4M+108.0%	-$92.1M-115.0%	-$42.9M-142.4%	-$17.7M
Financing Cash Flow	$16.6M+303.0%	-$8.2M-182.5%	$9.9M+150.0%	-$19.8M-181.2%	$24.4M-23.9%	$32.1M-51.5%	$66.1M+67.1%	$39.6M
Dividends Paid	$1.3M+4.1%	$1.3M+0.4%	$1.3M+0.2%	$1.3M+1.1%	$1.2M+3.1%	$1.2M0.0%	$1.2M+0.3%	$1.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QNBC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.2%+1.6pp	13.6%-0.1pp	13.7%-16.6pp	30.4%-4.9pp	35.3%+7.6pp	27.7%
Return on Equity	10.9%-0.2pp	11.1%+0.6pp	10.4%-12.0pp	22.4%+10.4pp	12.1%+3.1pp	9.0%
Return on Assets	0.7%+0.1pp	0.6%+0.1pp	0.6%-0.4pp	0.9%-0.0pp	1.0%+0.2pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.3	0.29+0.1	0.22+0.1	0.14+0.1	0.070.0	0.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.3%-4.4pp	16.7%+1.2pp	15.5%-1.3pp	16.8%+5.2pp	11.6%-2.1pp	13.7%-1.5pp	15.2%+3.1pp	12.1%
Return on Equity	2.1%-1.0pp	3.1%+0.1pp	3.0%-0.4pp	3.4%+1.0pp	2.4%-0.6pp	2.9%-0.2pp	3.2%+0.6pp	2.5%
Return on Assets	0.1%-0.1pp	0.2%+0.0pp	0.2%-0.0pp	0.2%+0.1pp	0.1%-0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	13.64+13.6	0.000.0	0.000.0	0.00-0.3	0.28-0.0	0.290.0	0.28-0.0	0.31
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is QNB's annual revenue?

QNB (QNBC) reported $92.6M in total revenue for fiscal year 2025. This represents a 10.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is QNB's revenue growing?

QNB (QNBC) revenue grew by 10.2% year-over-year, from $84.1M to $92.6M in fiscal year 2025.

Is QNB profitable?

Yes, QNB (QNBC) reported a net income of $14.1M in fiscal year 2025, with a net profit margin of 15.2%.

How much debt does QNB have?

As of fiscal year 2025, QNB (QNBC) had $50.3M in cash and equivalents against $0 in long-term debt.

What is QNB's net profit margin?

QNB (QNBC) had a net profit margin of 15.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does QNB pay dividends?

Yes, QNB (QNBC) paid $1.52 per share in dividends during fiscal year 2025.

What is QNB's return on equity (ROE)?

QNB (QNBC) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is QNB's operating cash flow?

QNB (QNBC) generated $16.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are QNB's total assets?

QNB (QNBC) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does QNB have outstanding?

QNB (QNBC) had 4M shares outstanding as of fiscal year 2025.

What is QNB's debt-to-equity ratio?

QNB (QNBC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QNB's return on assets (ROA)?

QNB (QNBC) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is QNB's Piotroski F-Score?

QNB (QNBC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QNB's earnings high quality?

QNB (QNBC) has an earnings quality ratio of 1.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is QNB?

QNB (QNBC) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.