QNB CORP. 8K

QNB Corp. furnished its second‑quarter 2026 earnings release, reporting stronger core (non‑GAAP) profitability and sizable balance sheet growth following the April 1, 2026 acquisition of Victory Bancorp, despite lower GAAP earnings due to one‑time merger costs.

QNB Corp., the parent of QNB Bank, filed a Form 8-K to furnish its press release announcing financial results for the second quarter and first half of 2026, highlighting reported net income of $3.0 million ($0.60 diluted EPS) for the quarter and $5.8 million ($1.32 diluted EPS) year‑to‑date, both significantly affected by $3.1 million of pre‑tax merger‑related expenses tied to its April 1, 2026 acquisition of Victory Bancorp, Inc. On an adjusted non‑GAAP basis excluding these one‑time merger costs, QNB reported second‑quarter net income of $5.2 million and diluted EPS of $1.05, up from $3.9 million and $1.04 a year earlier, with improvements driven by a higher net interest margin (3.16% vs. 2.69%), strong loan and deposit growth from the Victory transaction, and increased non‑interest income. Total assets rose to approximately $2.40 billion at June 30, 2026 from $1.91 billion at year‑end 2025, loans receivable increased to $1.72 billion, deposits to $2.07 billion, and asset quality remained stable with non‑performing loans at 0.61% of loans and an allowance for credit losses of 0.74% of loans. Management emphasized that Victory integration is progressing well, that merger‑related costs are non‑recurring, and that the combined franchise is generating meaningful core earnings growth and enhanced scale in its Pennsylvania community banking markets.

Filing Facts

CIK

750558

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-321023

Alert Tier

6