secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0000950170-25-056552
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 net income nearly flat at $2.58M ($0.69 EPS); NPLs surge to $8.4M
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- Net income $2.578M ($0.69 diluted EPS) vs $2.594M ($0.71) in Q1 2024; ROAA 0.54%, ROAE 6.24%.
- Net interest income rose $2.629M to $22.198M; net interest margin expanded 12bp to 2.51%.
- Non-performing loans jumped to $8.4M (0.69% of loans) from $1.98M (0.16%) at Dec 2024, tied to one commercial customer.
- Provision for credit losses on loans was $551K vs a $93K reversal in Q1 2024; allowance now 0.77% of loans.
- Core non-interest income (ex securities gains) up 6.4%; non-interest expenses rose $483K on occupancy, fraud, and director fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000095017025056552/0000950170-25-056552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000095017025056552/qnbc-20250422.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-056552

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