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.
Overview
QNB Corp (QNBC) functions as the holding company for QNB Bank, a regional financial institution rooted in community banking. Operating across multiple counties in Pennsylvania, the company offers a comprehensive suite of financial services that includes commercial banking, retail banking, securities and advisory services, and title insurance. With a strong commitment to serving local communities, QNB Corp has positioned itself as a reliable and established financial services provider in its market segment.
Core Business Operations
At its core, QNB Corp focuses on delivering tailored banking solutions to both individuals and businesses. The bank under its umbrella realizes its mission through:
- Commercial and Retail Banking: Providing deposit accounts, lending services, and payment solutions designed to meet the needs of local businesses and retail customers.
- Securities and Advisory Services: Operating under QNB Financial Services, the company offers investment advice, capital market services, and comprehensive financial planning solutions through its registered Broker/Dealer and Registered Investment Advisor platforms.
- Title Insurance: Partnering with Laurel Abstract Company LLC, QNB ensures that property transactions are fortified with reliable title insurance services.
These diverse business segments enable QNB Corp to serve a broad customer base, delivering both traditional banking services and specialized financial solutions.
Market Position and Industry Dynamics
QNB Corp’s operational model demonstrates an integrated approach to financial services that is particularly effective in community-centric markets. The company leverages its extensive branch network in Bucks, Montgomery, and Lehigh Counties to build trusted relationships, adapt quickly to local economic trends, and stay attuned to community needs. Its ability to provide end-to-end services—from daily banking to complex securities advisory—places it in a unique competitive niche within the regional banking ecosystem.
Strategic decisions, such as the recent capital raise through a subordinated debt offering, reinforce the firm’s commitment to long-term stability and operational flexibility. While these financing activities highlight sophisticated capital management, QNB Corp remains focused on sustaining reliable banking operations and expanding its advisory and title insurance services.
Business Model Integration and Operational Excellence
The QNB Corp model is characterized by the symbiotic relationships among its various business segments. The bank operations provide the foundation for secure deposit channels and credit facilities, while the additional layers of securities, advisory services, and title insurance enrich the value proposition for customers. This integrated approach allows for cross-selling opportunities and serves as a safeguard against over-reliance on any single revenue stream.
Attention to regulatory compliance and capital adequacy remains a cornerstone of the company's strategy. The recent structured subordinated debt offering, designed to qualify as regulatory Tier 2 capital, underscores the firm's nuanced understanding of the regulatory landscape and its proactive measures to bolster financial health without diluting shareholder value.
Community Engagement and Regional Impact
Beyond its financial services, QNB Corp is deeply embedded in the communities it serves. The company's sustained local presence through numerous branches has established a robust network that supports local economic development and fosters trust. The emphasis on community relationships not only enhances customer loyalty but also drives organic growth through word-of-mouth and long-term commitment to the region.
Expertise and Trustworthiness
QNB Corp is built on a foundation of industry expertise and local market knowledge. By integrating diversified financial services with a community-centered approach, the company leverages its operational resilience and sound regulatory practices to build trust amongst stakeholders. This commitment to excellence is evident in its meticulous attention to capital management, compliance, and customer-centric service delivery.
Summary
Overall, QNB Corp exemplifies a multi-faceted financial institution that marries traditional banking with modern financial advisory and insurance services. Its strategic initiatives—rooted in well-managed capital raising, deep community ties, and diversified business segments—illustrate a balanced and comprehensive approach to addressing the needs of its diverse customer base. Investors and market analysts can appreciate the company's robust operational framework and its carefully structured approach to innovation and community service, which together create a resilient and adaptable financial services entity.
QNB Corp. (OTCQX: QNBC) has announced its upgrade from the Pink® market to the OTCQX® Best Market, marking a significant milestone in U.S. public markets. The company, parent of QNB Bank, began trading on the OTCQX under the symbol 'QNBC' on March 20, 2025.
The upgrade to OTCQX Market aims to maximize QNB's value as a public company by providing transparent trading and improved access to company information for shareholders. To achieve this qualification, QNB met stringent financial standards, implemented best-practice corporate governance, and demonstrated securities law compliance.
The announcement comes as QNB approaches its 150-year anniversary of providing community banking services in Pennsylvania, with management expressing confidence that this move will generate broader investor interest and enhance shareholder value.
QNB Corp. (OTC: QNBC) has announced its quarterly dividend declaration for Q1 2025. The company's Board of Directors has declared a cash dividend of $0.38 per share, which will be payable on March 28, 2025, to shareholders of record as of March 14, 2025.
QNB Corp., operating through its subsidiary QNB Bank, provides commercial and retail banking services across twelve banking offices. The company's stock trades in the over-the-counter market under the symbol 'QNBC'.
QNB Corp. (QNBC) reported strong financial results for Q4 2024, with net income of $3,051,000 ($0.83 per diluted share), compared to $1,134,000 ($0.31 per share) in Q4 2023. Full-year 2024 net income reached $11,488,000 ($3.12 per share), up from $9,483,000 ($2.63 per share) in 2023.
Total assets grew 9.6% to $1.87 billion, with loans increasing 11.2% to $1.22 billion and deposits rising 9.4% to $1.63 billion. Net interest margin improved to 2.38% in Q4 2024 from 2.36% in Q4 2023. The Bank's asset quality remained strong with non-performing loans at 0.16% of total loans.
The company issued $40 million in subordinated debt in Q3 2024 and increased available-for-sale debt securities by 11.5% to $546.6 million. The allowance for credit losses decreased to 0.72% of loans receivable, down from 0.81% at the end of 2023.
QNB Corp (OTC: QNBC) has announced its quarterly cash dividend for the fourth quarter of 2024. The Board of Directors declared a dividend of $0.37 per share, which will be paid on December 27, 2024, to shareholders of record as of December 13, 2024. The company operates through its subsidiary QNB Bank, which provides commercial and retail banking services across twelve banking offices.
QNB Corp. (QNBC) reported net income of $3,338,000, or $0.91 per diluted share, for the third quarter of 2024, compared to $2,344,000, or $0.65 per diluted share, for the same period in 2023. The company's performance improved due to:
1. A $1,182,000 increase in net interest income
2. A $300,000 decrease in provision for credit losses
3. A $37,000 decrease in non-interest expense
These gains were partially offset by a $96,000 decrease in non-interest income. The net interest margin increased to 2.48% from 2.38% year-over-year. Total assets grew to $1,841,563,000, with loans receivable increasing by 7.1% and deposits by 9.2%. The company also issued $40,000,000 of subordinated debt, strengthening its capital position.
QNB Corp. (OTC: QNBC), parent company of QNB Bank, has successfully completed a private placement of $40 million in fixed-to-floating rate subordinated notes. The notes, qualifying as Tier 2 capital, were oversubscribed by nearly two times, demonstrating strong investor demand. Initially bearing an interest rate of 8.875% per annum until September 1, 2029, the notes will then reset quarterly based on the three-month SOFR plus a spread. The offering provides QNB with cost-effective capital to support growth and potential strategic opportunities without diluting current shareholders. Maturing on September 1, 2034, the notes offer redemption options after the fifth anniversary. This marks QNB's first institutionally led capital raise, highlighting the strength of its franchise.
QNB Corp. (OTC: QNBC), the parent company of QNB Bank, has announced its Q3 2024 dividend. The Board of Directors declared a quarterly cash dividend of $0.37 per share, payable on September 27, 2024, to shareholders of record as of September 13, 2024. QNB Corp. operates through its subsidiary, QNB Bank, offering commercial and retail banking services via twelve banking offices. The company's stock is traded over-the-counter under the symbol 'QNBC'.
QNB Corp. (QNBC) reported net income of $2,465,000, or $0.67 per diluted share, for Q2 2024, compared to $1,887,000, or $0.52 per diluted share, in Q2 2023. The bank's performance improved due to a $1,246,000 increase in net interest income, decreased provision for credit losses, and a $172,000 increase in non-interest income. Total assets reached $1,761,487,000 as of June 30, 2024. Loans receivable increased by 6.3% to $1,162,310,000, while total deposits grew by 5.7% to $1,572,839,000. The net interest margin improved to 2.46% in Q2 2024, up from 2.27% in Q2 2023. The company also strategically sold lower-yielding securities and reinvested in higher-yielding assets.
On May 21, 2024, QNB Corp. (OTC: QNBC), the parent company of QNB Bank, announced a quarterly cash dividend of $0.37 per share. The Board of Directors declared that the dividend would be payable on June 28, 2024, to shareholders recorded by June 14, 2024. QNB Corp. provides commercial and retail banking services through its twelve branches of QNB Bank. The company's stock is traded over-the-counter under the ticker 'QNBC'.
FAQ
What is the current stock price of QNB (QNBC)?
What is the market cap of QNB (QNBC)?
What services does QNB Corp provide?
How is QNB Corp structured?
In which regions does QNB Bank primarily operate?
What distinguishes QNB Corp from other financial institutions?
How does QNB Corp manage its capital and growth initiatives?
What is the significance of QNB Corp's community presence?
What role does QNB Financial Services play within QNB Corp?
How does QNB Corp ensure regulatory compliance?
