QNB Corp.

QNB Corp. (QNBC), a Pennsylvania-based bank holding company, reported strong FY 2025 performance in its 10-K filing dated March 16, 2026. Net income reached $14.1 million, a 23% increase from $11.4 million in 2024, driven by net interest income growth to $51.2 million (up 19.5% YoY) amid a 29 basis point expansion in net interest margin to 2.72%. Total interest income rose to $92.6 million, fueled by higher loan yields and volumes, particularly commercial real estate loans up 3.8% to $1.26 billion. Non-interest income held steady at $7.0 million, while non-interest expense increased 12.2% to $39.8 million, partly due to $1.1 million in merger-related costs for the pending Victory Bancorp acquisition expected in Q2 2026. Balance sheet expanded to $1.91 billion in assets, with deposits at $1.64 billion (up 0.9% YoY) and shareholders' equity at $129.6 million. EPS was $4 (basic and diluted, up from $3.12), with dividends of $2 per share. Credit quality showed non-performing loans at 0.70% of total loans, provision for credit losses $449K. Operating cash flow was $16.6 million, supporting liquidity amid loan growth.

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