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Q N B Corp (QNBC) is a leading financial institution offering commercial and retail banking services through its subsidiary, QNB Bank. The company recently declared a quarterly cash dividend of $0.37 per share, showcasing its strong financial performance and commitment to shareholder value. With twelve banking offices, Q N B Corp has established a solid presence in the market, providing a wide range of banking solutions to customers. The stock is traded under the symbol 'QNBC' in the over-the-counter market, reflecting investor confidence in the company's future prospects. For more information about Q N B Corp and its services, visit the company's website at QNBbank.com.
The Board of Directors of QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.36 per share at their meeting on November 22, 2022. This dividend is payable on December 30, 2022 to shareholders of record as of December 16, 2022. QNB Corp. operates through its subsidiary, QNB Bank, which provides commercial and retail banking services across twelve locations.
On November 1, 2022, QNB Bank appointed Jeffrey Lehocky as Executive Vice President and Chief Financial Officer. In this role, he will oversee all accounting, financial, and treasury operations. Lehocky brings extensive experience from his previous positions, including Managing Director at Mitsubishi UFJ Financial Group and various roles at Deutsche Bank. His educational background includes a Bachelor’s in Accounting and an MBA in Finance. QNB Bank, a community bank with assets of approximately $1.6 billion, operates twelve branches across Pennsylvania.
QNB Corp. reported a net income of $3.4 million for Q3 2022, retaining an EPS of $0.96 per share. This marks a slight decrease from $3.4 million in Q3 2021. Year-to-date, net income stood at $10.5 million, down from $12.3 million last year. Despite a 19.7% drop in available-for-sale debt securities, total deposits increased by $26.9 million. QNB’s net interest income rose by $795,000 year-over-year, while its net interest margin remained stable at 2.72%. The total assets decreased to $1.645 billion, reflecting a strategic shift in asset management.
QNB Corp, trading under the symbol QNBC, declared a quarterly cash dividend of $0.36 per share on August 23, 2022. This dividend is payable on September 30, 2022, to shareholders of record as of September 16, 2022. This decision reflects the company's commitment to returning value to its shareholders. QNB Corp. offers commercial and retail banking services through its subsidiary, QNB Bank, with twelve banking offices.
QNB Corp. (OTC: QNBC) reported a net income of $3,349,000 or $0.94 per share for Q2 2022, down from $3,869,000 or $1.09 per share in Q2 2021. For the first half of 2022, net income was $7,059,000 ($1.98 per share) compared to $8,919,000 ($2.51 per share) in 2021. Total assets decreased to $1,646,695,000, while total deposits grew by $17,983,000 to $1,467,728,000. Net interest income rose to $11,103,000, however, net interest margin fell to 2.73%. Non-interest income decreased significantly, mainly due to changes in the equities portfolio's fair value.
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.
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