QNB Corp. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net loss $14.774M, or $2.67 diluted loss per share
- ➤Adjusted Q3 net income $7.207M, up from $4.058M year over year
- ➤Balance sheet restructuring generated $27.713M net loss impact
- ➤Net interest income rose $6.163M to $19.161M in Q3
- ➤Total assets increased to $2.362B from $1.906B at December 31, 2025
Expert Statements
Dave Freeman, President and Chief Executive Officer of QNB Corp.
“Our third-quarter results reflect a period of significant strategic progress for QNB. We have strengthened our capital position through our public offering”
Dave Freeman, President and Chief Executive Officer of QNB Corp.
“While reported earnings were impacted by the balance sheet restructuring and final merger-related expenses, the underlying performance of our franchise remained strong. Adjusted earnings improved meaningfully compared to the prior year, supported by higher net interest income, margin expansion, strong loan growth, and the successful integration of Victory Bancorp, where we are realizing meaningful synergies, particularly through robust loan growth.”
Dave Freeman, President and Chief Executive Officer of QNB Corp.
“Importantly, the balance sheet restructuring positions us to benefit from further earnings improvement in future periods. These actions have strengthened our balance sheet, enhanced our market presence, and positioned QNB for continued growth and profitability.”
QUAKERTOWN, Pa., Oct. 27, 2026 (GLOBE NEWSWIRE) -- QNB Corp. (the “Company” or “QNB”) (NASDAQ: QNBC), the parent company of QNB Bank (the “Bank”), reported a net loss for the third quarter of 2026 of $14,774,000 or a loss of $2.67 per share on a diluted basis. QNB announced the launch and pricing of an underwritten public offering on August 19, 2026. The offering was completed on August 20, 2026 for the issuance of a total of 1,232,142 common shares which added $48,284,000, proceeds net of underwriting discounts and related costs, to shareholders' equity. QNB announced on September 8, 2026 the execution of a strategic repositioning of a portion of its securities available-for-sale portfolio (the "balance sheet restructuring"). QNB sold $250,712,000 in available for sale securities at a loss of $29,049,000 and unwound the related swap for a gain of $1,336,000. QNB also previously announced the acquisition of Victory Bancorp, Inc. ("Victory"), a highly complementary community banking franchise headquartered in Limerick, Pennsylvania, was officially closed on April 1, 2026. Results for the three and nine months of 2026 include three and six months, respectively, of post-merger activity related to the acquisition of Victory. The merger-related costs are significant one-time costs and are not normal recurring operating expenses.
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