QNB Corp. filings document the regulatory record of a Pennsylvania bank holding company and its QNB Bank subsidiary. The company’s Form 8-K reports cover operating results, Regulation FD presentation materials, material agreements, governance matters, capital-structure disclosures, and completed acquisition activity, including a merger in which The Victory Bancorp, Inc. merged into QNB Corp. and The Victory Bank merged into QNB Bank.
Proxy materials for QNB Corp. address annual meeting voting, director elections, governance practices, and compensation disclosures. The filing record also documents common stock matters, shareholder voting mechanics, financial performance releases, and formal material-event disclosures tied to the company’s banking business and public-company obligations.
QNB Corp. announced a long-term leadership succession plan for QNB Bank and the holding company. Effective November 1, 2026, Executive Vice President and Chief Operating Officer Christopher T. Cattie will become President of QNB Bank and join the Boards of Directors of both QNB Corp. and QNB Bank.
Current President and Chief Executive Officer David W. Freeman will continue as President and CEO of QNB Corp. and CEO of QNB Bank until his planned retirement on December 31, 2028. It is expected that Mr. Cattie will then assume the roles of President and Chief Executive Officer of both entities, providing for a multi-year transition. The company highlights Mr. Cattie’s decade-plus leadership experience and community involvement, and notes that the selection followed a comprehensive executive search and full Board review.
QNB Corp. reported net income of $2.8 million for the quarter ended March 31, 2026, up from $2.6 million a year earlier. Net interest income rose to $13.1 million as funding costs declined, while the provision for credit losses decreased to $0.3 million. Total assets reached $1.92 billion and deposits were $1.65 billion, reflecting modest balance sheet growth.
Diluted earnings per share were $0.73, compared with $0.69 in the prior-year quarter, and the quarterly cash dividend increased to $0.39 per share. On April 1, 2026, QNB completed its previously agreed acquisition of The Victory Bancorp, Inc. for a purchase price of $47.1 million. QNB also elected to participate in Visa’s Class B-2 share exchange and expects to record an unrealized gain and a related reserve in the second quarter of 2026.
QNB Corp. is asking shareholders to elect four Class II directors, approve the 2026 Employee Stock Purchase Plan, and ratify Baker Tilly US, LLP as independent auditor at the June 9, 2026 annual meeting. The record date is April 10, 2026, with 4,993,046 common shares entitled to one vote each.
The Board has thirteen members, a majority of whom are independent, and operates through Audit, Compensation, Executive and Nominating committees. 2025 CEO total compensation was $925,072, while the CEO pay ratio was 7:1 versus the median employee. A new cash incentive plan tied payouts to earnings per share growth, return on equity, loan and deposit growth, and performance versus a Mid-Atlantic peer group.
QNB Corp. reported first-quarter 2026 net income of $2.77 million, or $0.73 per diluted share, up from $2.58 million, or $0.69, a year earlier. Results include $754,000 after-tax merger-related costs tied to the Victory Bancorp acquisition.
Excluding these one-time costs, non-GAAP net income was $3.52 million, or $0.93 per diluted share, with return on average assets of 0.75% and return on equity of 10.69%. Net interest income rose to $13.11 million and net interest margin improved to 2.82%, helped by lower funding costs and loan growth.
Total assets were $1.92 billion, loans receivable $1.28 billion, and deposits $1.65 billion at March 31, 2026. The Victory Bancorp transaction closed on April 1, 2026, creating a combined franchise of nearly $2.4 billion in assets and expanding QNB’s Montgomery County presence.
QNB CORP. director Joseph W. Major reported acquiring common stock connected to the QNB Bank - Victory merger. He received 35,027 shares of common stock directly on a grant or award basis at $0.00 per share, reflecting non‑cash consideration.
On the same date, an additional 2,750 shares of common stock were acquired indirectly and are reported as held by his spouse. Following these transactions, his reported direct holdings total 35,027 shares, and indirect spouse holdings total 2,750 shares, all characterized as grant, award, or other acquisition rather than open‑market purchases.
QNB CORP. director Kevin L. Johnson reported acquiring 19,905 shares of common stock. The shares were granted at a stated price of $0.0000 per share, reflecting an award rather than a market purchase, and were received in connection with the QNB Bank - Victory merger.
After this transaction, Johnson directly holds 19,905 common shares, indicating this award represents his full reported direct ownership in the company following the merger-related grant.
QNB Corp. completed its acquisition of The Victory Bancorp, Inc. on April 1, 2026, merging Victory into QNB in a stock-for-stock transaction. Each outstanding share of Victory common stock was converted into the right to receive 0.5500 shares of QNB common stock, with cash paid instead of fractional shares, while existing QNB shares were unchanged.
Victory Bank then merged into QNB Bank, which will operate Victory Bank as a division during an interim period before a planned systems conversion the weekend of June 19–21, 2026. The QNB and bank boards added Joseph W. Major as Vice Chairman and Kevin L. Johnson as directors, and QNB entered into a 24‑month consulting and non‑competition agreement with Mr. Major worth $665,865. QNB also amended its bylaws to create the Vice Chairman role and will later file required financial and pro forma information for the transaction.
QNB CORP. director Kevin L. Johnson filed an initial Form 3 reporting his insider position in the company’s common stock. The filing shows he held 0 shares of common stock directly after the reported date, establishing a baseline for any future insider transactions.
QNB CORP. director Major Joseph W filed an initial Form 3 reporting his beneficial ownership of the company’s common stock. The filing shows a direct holding of 0 shares of Common Stock following the reported holding entry.
QNB CORP. director Randy S. Bimes reported an open-market purchase of 262.9503 shares of Common Stock at $38.03 per share. After this transaction, he directly owns 266,299.2831 shares. His holdings include 981.8146 shares acquired through the Dividend Reinvestment Plan.