secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000950170-24-116170
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. Q3 net income rises 42% to $3.34M, EPS $0.91 from $0.65 YoY
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- Q3 net income $3.34M ($0.91 diluted EPS), up from $2.34M ($0.65) in Q3 2023.
- Net interest margin improved to 2.48% (vs 2.38% Q3 2023) as yield on earning assets rose 58 bps.
- Total loans grew 7.1% to $1.17B, deposits up 9.2% to $1.63B from Dec 2023.
- Issued $40M subordinated debt in Q3; non-performing loans remained low at 0.14% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000095017024116170/0000950170-24-116170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000095017024116170/qnbc-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116170

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer