secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000950170-25-007087
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

QNB Corp. reports Q4 2024 net income of $3.1M (EPS $0.83) versus $1.1M (EPS $0.31) in Q4 2023
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- Net interest income rose $783,000 to $10,975,000 for Q4 2024, driven by higher yields on earning assets (4.78% vs 4.44%).
- Total assets grew 9.6% year-over-year to $1.87B, with loans up 11.2% to $1.22B and deposits up 9.4% to $1.63B.
- Non-performing loans remained low at 0.16% of loans, and the allowance for credit losses was 0.72%.
- Non-interest income increased to $1.645M from $0.283M, including a $1.498M gain on sale of Visa Class C shares.
- President David Freeman cited strong loan growth and balance sheet management as drivers of the $1.9M earnings increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000095017025007087/0000950170-25-007087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000095017025007087/qnbc-20250121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-007087

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