secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000950170-23-054853
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/0000950170-23-054853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000095017023054853/qnbc-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054853

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