QNB Corp sells $254.4M low-yield securities, expects $26.2M pre-tax loss in Q3 2026

QNB CORP.

Sold $254.4M AFS securities (46.8% of portfolio) with 1.59% yield; unwound $162M pay-fixed swaps.
Expects net pre-tax loss of $26.2M in Q3 2026; proceeds reinvested at ~5.45% expected yield.
Repositioning expected to be accretive to earnings, NIM, ROA; loss recoverable in under 4 years.
No impact on shareholders' equity or book value per share; capital remains well-capitalized.

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