---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-102586"
form_type: "8-K"
ticker: "QNBC"
cik: "0000750558"
company_name: "QNB CORP."
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:43:00.343231+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# QNB Corp. closes $40M subordinated note offering at 8.875%, oversubscribed 2x

## Summary
- Issued $40M in 8.875% Fixed-to-Floating Rate Subordinated Notes due 2034; qualifies as Tier 2 capital.
- Offering oversubscribed ~2x; proceeds for general corporate purposes and strategic opportunities.
- Interest fixed at 8.875% through Aug 2029, then resets quarterly to 3-month SOFR + 545 bps.
- Notes redeemable at company's option on or after Sept 1, 2029, subject to regulatory approval.
- No shareholder dilution; management cites cost-effective capital to support future growth.

## SEC filing metadata
- accession: 0000950170-24-102586
- form_type: 8-K
- ticker: QNBC
- cik: 0000750558
- company_name: QNB CORP.
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750558/000095017024102586/0000950170-24-102586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750558/000095017024102586/qnbc-20240830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-102586
- JSON: https://secwatch.observer/filing/0000950170-24-102586.json
- Plain text: https://secwatch.observer/filing/0000950170-24-102586.txt

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