---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034481"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:39:11.700521+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# QNB Corp Q2 net income falls 44% YoY to $1.9M ($0.52 EPS) on margin compression

## Summary
- Diluted EPS $0.52 vs $0.94 in Q2 2022; 6-month EPS $1.67 vs $1.98.
- Net interest margin narrowed to 2.27% from 2.73% as cost of funds rose 139 bps.
- Total deposits grew $31M to $1.45B; short-term borrowing dropped 43.7%.
- Provision for credit losses on loans was $212K in Q2 2023 vs zero in Q2 2022.
- Non-performing loans improved to 0.86% of loans vs 1.18% a year ago.

## SEC filing metadata
- accession: 0000950170-23-034481
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017023034481/0000950170-23-034481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017023034481/qnbc-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034481
- JSON: https://secwatch.observer/filing/0000950170-23-034481.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034481.txt

## Key facts
- Earnings Releases
  QNB CORP. reported six months ended June 30, 2023 results: net income $6,005,000, EPS $1.67.
  - Period: six months ended June 30, 2023
  - Net income: $6,005,000
  - EPS: $1.67
  - Result: reported results
  source text: For the six months ended June 30, 2023, QNB reported net income of $6,005,000, or $1.67 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017023034481/0000950170-23-034481-index.htm
- Earnings Releases
  QNB CORP. reported three months ended June 30, 2023 results: net income $1,887,000, EPS $0.52.
  - Period: three months ended June 30, 2023
  - Net income: $1,887,000
  - EPS: $0.52
  - 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 second quarter of 2023 of $1,887,000, or $0.52 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017023034481/0000950170-23-034481-index.htm

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