---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046745"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:55:00.155457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# QNB Corp Q1 2024 net income $2.59M, down 37% from Q1 2023; EPS $0.71 vs $1.15

## Summary
- Net income $2,594,000 ($0.71 diluted EPS) vs $4,118,000 ($1.15) year ago; ROA 0.59% vs 0.96%.
- Net interest income $10,168,000 (-$249K YoY); net interest margin 2.39% vs 2.55% on deposit cost rise.
- Loans +2.7% to $1.123B; deposits +3.2% to $1.536B; short-term borrowings -41.5%.
- Credit stable: NPLs 0.18% of loans; provision reversal $93K vs $1.783M reversal prior year.
- Non-interest expense +$633K to $8,833K driven by salaries/benefits (+$411K) and FDIC insurance (+$170K).

## SEC filing metadata
- accession: 0000950170-24-046745
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017024046745/0000950170-24-046745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017024046745/qnbc-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046745
- JSON: https://secwatch.observer/filing/0000950170-24-046745.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046745.txt

## Key facts
- Earnings Releases
  QNB CORP. reported the first quarter ended March 31, 2024 results: net income $2,594,000, EPS $0.71 per share on a diluted basis.
  - Period: the first quarter ended March 31, 2024
  - Net income: $2,594,000
  - EPS: $0.71 per share on a diluted basis
  - Result: reported results
  source text: QNB Corp. announced its consolidated financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750558/000095017024046745/0000950170-24-046745-index.htm

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