secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2022-01-25T23:59:59+00:00
Accession:  0001564590-22-002335
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp reports record full-year 2021 net income of $16.5M, diluted EPS $4.64
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- Q4 2021 net income $4.15M ($1.17 diluted EPS) flat YoY; full-year net income $16.5M ($4.64 EPS), up 36% from 2020.
- Net interest income full-year $42.1M (+$4.9M YoY); net interest margin 2.79% vs 2.92%.
- Total deposits $1.45B (+18.1% YoY); loans ex-PPP $912.5M (+7.5% YoY).
- No provision for loan losses in Q4; allowance 1.21% of loans; non-performing loans improved to 1.26% from 1.53%.
- Total assets $1.67B at Dec 31, 2021, up $233M from Dec 31, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000156459022002335/0001564590-22-002335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000156459022002335/qnbc-8k_20220125.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-002335

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