Earnings Releases·Oct 27, 2026, 2:22 PM ET

QNB Corp. — Third Quarter 2026 Earnings Summary

Reported a GAAP net loss of $14.77 million ($2.67/share) for Q3 2026 versus net income of $3.65 million ($0.98/share) in 2025, driven by a $27.71 million balance sheet restructuring loss; however, adjusted net income rose to $7.21 million ($1.30/share) from $4.06 million ($1.09/share) in the prior year.
Net interest income increased 47% to $19.16 million for the quarter, supported by a tax-equivalent net interest margin expansion to 3.25% from 2.72%, while total assets grew to $2.36 billion following the Victory Bancorp acquisition.
Management expects future earnings improvement and synergy realization from the Victory Bancorp deal, though non-performing loans rose to $11.69 million and commercial loans classified as substandard or doubtful increased by $5.4 million.
Strategic capital actions included a public offering raising $48.28 million in August and a securities portfolio repositioning in September resulting in a $29.05 million realized loss; cash dividends were maintained at $0.39 per share.