secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000950170-24-085535
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. Q2 2024 net income $2.465M ($0.67 EPS) up 31% YoY; NIM expands to 2.46%
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- Diluted EPS $0.67 vs $0.52 in Q2 2023; net income $2,465,000 vs $1,887,000.
- Net interest margin improved to 2.46% from 2.27% a year ago on higher loan yields.
- Loans receivable grew 6.3% to $1,162M; deposits rose 5.7% to $1,573M.
- Non-performing loans stable at 0.18% of loans; provision for credit losses decreased to $132,000.
- Bank subsidiary net income $2,741,000; holding company reported net loss of $276,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000095017024085535/0000950170-24-085535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000095017024085535/qnbc-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-085535

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