---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-006421"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:20:15.207726+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# QNB Corp Q4 2023 EPS $0.31 vs $1.52; sells $26M securities, takes $1.8M loss

## Summary
- Net income Q4 2023: $1.134M ($0.31 diluted EPS) vs $5.447M ($1.52) in Q4 2022, a 79% decline.
- Full year 2023 net income $9.483M ($2.63 EPS) vs $15.921M ($4.47 EPS) in 2022.
- Net interest margin fell to 2.36% from 2.72% YoY due to higher deposit and borrowing costs.
- Sold $26M book value of low-yielding securities, realized $1.8M pre-tax loss; proceeds reinvested in higher-yield cash.
- Non-performing loans improved to 0.52% of loans from 0.88% at year-end 2022.

## SEC filing metadata
- accession: 0000950170-24-006421
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017024006421/0000950170-24-006421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017024006421/qnbc-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-006421
- JSON: https://secwatch.observer/filing/0000950170-24-006421.json
- Plain text: https://secwatch.observer/filing/0000950170-24-006421.txt

## Key facts
- Earnings Releases
  QNB CORP. reported the fourth quarter ended December 31, 2023 results: net income $1,134,000, or $0.31 per share on a diluted basis, EPS $0.31 per share on a diluted basis.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: $1,134,000, or $0.31 per share on a diluted basis
  - EPS: $0.31 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 fourth quarter of 2023 of $1,134,000, or $0.31 per share on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017024006421/0000950170-24-006421-index.htm

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