---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054853"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:16:22.129832+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# QNB Corp. Q3 net income falls 31% to $2.34M; EPS $0.65 vs $0.96 YoY

## Summary
- Net interest income decreased $1.17M to $10.21M; net interest margin compressed to 2.38% from 2.72%.
- Provision for credit losses on loans was $452,000 in Q3 2023 vs $0 in Q3 2022.
- Non-performing loans improved to 0.55% of loans receivable from 0.88% at Dec 2022.
- Total deposits grew $64.96M to $1.483B; short-term borrowings reduced 40.1%.
- Non-interest expense increased $857K to $8.671M, driven by salaries and benefits.

## SEC filing metadata
- accession: 0000950170-23-054853
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/0000950170-23-054853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/qnbc-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054853
- JSON: https://secwatch.observer/filing/0000950170-23-054853.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054853.txt

## Key facts
- Earnings Releases
  QNB CORP. reported the nine months ended September 30, 2023 results: net income $8,349,000, EPS $2.32 per share on a diluted basis.
  - Period: the nine months ended September 30, 2023
  - Net income: $8,349,000
  - EPS: $2.32 per share on a diluted basis
  - Result: reported results
  source text: For the nine months ended September 30, 2023, QNB reported net income of $8,349,000, or $2.32 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/0000950170-23-054853-index.htm
- Earnings Releases
  QNB CORP. reported the third quarter ended September 30, 2023 results: net income $2,344,000, EPS $0.65 per share on a diluted basis.
  - Period: the third quarter ended September 30, 2023
  - Net income: $2,344,000
  - EPS: $0.65 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 third quarter of 2023 of $2,344,000, or $0.65 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/0000950170-23-054853-index.htm

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