---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014363"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:34:15.183971+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# QNB Corp Q1 net income $4.12M ($1.15 EPS) up 11% YoY; provision reversal boosts earnings

## Summary
- Net income $4.12M, diluted EPS $1.15; YoY net income increased from $3.71M ($1.04 EPS).
- Reversed $1.783M provision for credit losses on loans in Q1 2023 vs no provision in Q1 2022.
- Net interest margin fell to 2.55% from 2.71% YoY on higher deposit costs (cost of funds +119bp).
- Non-performing loans improved to 0.87% of loans from 0.88% at Dec 2022 and 1.26% a year ago.
- Total assets $1.626B, down 2.5% from Dec 2022; deposits up $6.2M to $1.425B.

## SEC filing metadata
- accession: 0000950170-23-014363
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017023014363/0000950170-23-014363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017023014363/qnbc-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014363
- JSON: https://secwatch.observer/filing/0000950170-23-014363.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014363.txt

## Key facts
- Earnings Releases
  QNB CORP. reported first quarter ended March 31, 2023 results: net income $4,118,000, EPS $1.15 per share on a diluted basis.
  - Period: first quarter ended March 31, 2023
  - Net income: $4,118,000
  - EPS: $1.15 per share on a diluted basis
  - Result: reported results
  source text: QNB Corp. (the “Company” or “QNB”) (OTC Bulletin Board: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the first quarter of 2023 of $4,118,000, or $1.15 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017023014363/0000950170-23-014363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.