secwatch.observer — SEC 8-K summary
======================================

Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001564590-23-000729
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. Q4 2022 net income $5.4M, EPS $1.52, up from $1.17 YoY; loan growth drives results
--------------------------------------------------------------------------------

- Q4 2022 diluted EPS $1.52 vs $1.17 in Q4 2021; net income $5.447M vs $4.149M.
- Full-year 2022 net income $15.921M, diluted EPS $4.47; 2021 net income $16.492M, EPS $4.64.
- Reversed $850K provision for loan losses; allowance for loan losses 1.01% of loans.
- Loans (ex-PPP) grew $124.5M to $1.037B; total assets $1.668B; deposits down $31.4M.
- Non-performing loans fell to $9.1M (0.88% of loans) from $11.7M (1.26%) at Dec 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000156459023000729/0001564590-23-000729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000156459023000729/qnbc-8k_20230124.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-000729

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