secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001564590-22-015722
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. Q1 2022 net income falls 27% to $3.71M; EPS $1.04 vs $1.42 YoY
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- Net income $3.71M, down from $5.05M in Q1 2021; diluted EPS $1.04 vs $1.42.
- Net interest margin compressed to 2.71% from 3.07%, as lower-yielding securities increased to 42.7% of earning assets.
- Non-interest income dropped $1.79M to $1.61M, driven by $1.1M unrealized securities loss and $352K lower loan-sale gains.
- No provision for loan losses; non-performing loans stable at 1.26% of loans; allowance for loan losses at 1.21%.
- Total deposits up $2M to $1.45B; loans ex-PPP grew $7.9M; total assets $1.65B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000156459022015722/0001564590-22-015722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000156459022015722/qnbc-8k_20220426.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-015722

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