secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001564590-22-026400
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. Q2 earnings fall to $0.94/share; holdco equity portfolio drags results
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- Diluted EPS $0.94 vs $1.09 in Q2 2021; net income $3.35M down 13.4%.
- QNB Bank net income rose 24% to $4.08M; holdco loss of $733M from equity fair value.
- Net interest income grew 8.7% to $11.1M; net interest margin slightly narrowed to 2.73%.
- Non-performing loans improved to 1.18% of loans; no provision for loan losses in Q2.
- Deposits up $18M to $1.468B; loans ex-PPP grew $47M to $960M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000156459022026400/0001564590-22-026400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000156459022026400/qnbc-8k_20220726.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-026400

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