NASDAQ : QNBC
QNB Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 47.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 292.70M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 88.65M | 73.05M | 65.37M | 53.88M | 40.92M | 38.33M |
| Interest Income on Investments | 19.59M | 19.59M | 18.70M | 15.20M | 11.50M | 8.44M |
| Total Interest Income | 108.24M | 92.64M | 84.07M | 69.08M | 52.42M | 46.77M |
| Interest Paid on Deposits | 37.30M | 35.13M | 37.48M | 25.00M | 6.90M | 4.23M |
| Interest Paid on Borrowings | 6.28M | 6.28M | 3.73M | 3.93M | 1.02M | 417.00K |
| Total Interest Expense | 43.58M | 41.41M | 41.21M | 28.93M | 7.92M | 4.64M |
| Net Interest Income | 64.66M | 51.23M | 42.86M | 40.16M | 44.50M | 42.13M |
| Gain (Loss) on Sale of Investments | -28.07M | 704.00K | -1.83M | -760.00K | 2.73M | |
| Other Non-Interest Income | 8.89M | 6.89M | 6.18M | 6.65M | 6.49M | 6.45M |
| Total Non-Interest Income | -19.14M | 6.96M | 6.91M | 4.84M | 5.73M | 9.78M |
| Revenues Before Loan Losses | 45.53M | 58.19M | 49.77M | 44.99M | 50.23M | 51.91M |
| Provision for Loan Losses | 850.00K | 449.00K | -68.00K | -844.00K | -850.00K | 458.00K |
| Revenue | 44.68M | 57.74M | 49.84M | 45.84M | 51.08M | 51.45M |
| Salaries and Employee Benefits | 25.10M | 20.93M | 19.54M | 18.84M | 17.22M | 17.35M |
| Occupancy Expenses | 2.55M | 1.58M | 1.47M | 1.50M | 1.48M | 1.48M |
| Federal Deposit Insurance | 1.03M | 1.03M | 1.16M | 1.06M | 768.00K | 793.00K |
| Selling, General & Administrative | 10.12M | 10.12M | 9.05M | 8.47M | 7.81M | 7.43M |
| Other Non-Interest Expense | 7.35M | 5.00M | 4.26M | 4.24M | 4.21M | 3.94M |
| Total Non-Interest Expense | 46.16M | 38.67M | 35.48M | 34.11M | 31.49M | 31.00M |
| EBT Excluding Unusual Items | -1.48M | 19.07M | 14.36M | 11.73M | 19.59M | 20.45M |
| Pretax Income | -6.33M | 17.93M | 14.36M | 11.73M | 19.59M | 20.45M |
| Income Tax Expense | -1.31M | 3.84M | 2.91M | 2.24M | 3.67M | 3.96M |
| Net Income | -5.01M | 14.09M | 11.45M | 9.48M | 15.92M | 16.49M |
| Net Income to Common | -5.01M | 14.09M | 11.45M | 9.48M | 15.92M | 16.49M |
| Basic Shares Outstanding | 4.50M | 3.72M | 3.67M | 3.61M | 3.56M | 3.55M |
| Diluted Shares Outstanding | 4.50M | 3.73M | 3.67M | 3.61M | 3.56M | 3.55M |
| EPS (Basic) | -1.11 | 3.79 | 3.12 | 2.63 | 4.47 | 4.64 |
| EPS (Diluted) | -1.12 | 3.78 | 3.12 | 2.63 | 4.47 | 4.64 |
| Dividend Per Share | 1.55 | 1.52 | 1.48 | 1.48 | 1.44 | 1.40 |
| Effective Tax Rate | 21.42% | 20.27% | 19.13% | 18.71% | 19.37% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 106.43M | 50.30M | 50.71M | 62.66M | 15.90M | 13.39M |
| Investment Securities | 397.56M | 211.42M | 186.40M | 181.88M | 200.75M | 247.82M |
| Mortgage-Backed Securities | 331.41M | 360.16M | 314.21M | 357.83M | 456.95M | |
| Total Investments | 397.56M | 542.83M | 546.56M | 496.09M | 558.58M | 704.77M |
| Gross Loans | 1.77B | 1.26B | 1.22B | 1.09B | 1.04B | 927.15M |
| Allowance for Loan Losses | -13.05M | -9.21M | -8.74M | -8.85M | -10.53M | -11.18M |
| Other Adjustments to Gross Loans | -437.00K | -503.00K | -238.00K | -252.00K | -677.00K | |
| Net Loans | 1.76B | 1.25B | 1.21B | 1.08B | 1.03B | 915.29M |
| Property, Plant & Equipment | 16.89M | 17.25M | 14.95M | 15.46M | 16.54M | |
| Loans Held for Sale | 163.00K | 246.00K | 664.00K | 549.00K | ||
| Accrued Interest Receivable | 4.84M | 4.96M | 6.10M | 5.04M | 4.10M | |
| Long-Term Deferred Tax Assets | 13.99M | 18.32M | 19.29M | 23.08M | 2.45M | |
| Other Long-Term Assets | 98.34M | 17.39M | 19.67M | 19.27M | 16.39M | 15.47M |
| Total Assets | 2.36B | 1.91B | 1.87B | 1.71B | 1.67B | 1.67B |
| Interest Bearing Deposits | 1.80B | 1.24B | 1.24B | 1.14B | 1.10B | 1.13B |
| Institutional Deposits | 208.79M | 203.29M | 165.13M | 84.12M | 74.92M | |
| Non-Interest Bearing Deposits | 251.59M | 189.96M | 183.50M | 185.10M | 231.85M | 243.01M |
| Total Deposits | 2.06B | 1.64B | 1.63B | 1.49B | 1.42B | 1.45B |
| Short-Term Borrowings | 16.50M | 80.60M | 53.84M | 94.09M | 161.33M | 68.48M |
| Current Portion of Leases | 504.00K | |||||
| Accrued Interest Payable | 5.05M | 7.58M | 5.29M | 467.00K | 211.00K | |
| Long-Term Debt | 41.07M | 39.27M | 39.07M | |||
| Federal Home Loan Bank Debt, Long-Term | 30.00M | 20.00M | 10.00M | 10.00M | ||
| Long-Term Leases | 1.88M | |||||
| Other Long-Term Liabilities | 21.57M | 6.63M | 8.51M | 7.39M | 7.38M | 8.41M |
| Total Liabilities | 2.14B | 1.78B | 1.77B | 1.62B | 1.60B | 1.54B |
| Common Stock | 226.18M | 2.47M | 2.44M | 2.41M | 2.37M | 2.35M |
| Retained Earnings | 148.40M | 139.96M | 133.94M | 128.95M | 118.16M | |
| Treasury Stock | -4.04M | -4.04M | -4.04M | -4.04M | -3.96M | |
| Comprehensive Income & Other | -17.26M | -35.01M | -41.50M | -56.33M | 19.94M | |
| Shareholders' Equity | 226.18M | 129.56M | 103.35M | 90.82M | 70.96M | 136.49M |
| Total Liabilities & Equity | 2.36B | 1.91B | 1.87B | 1.71B | 1.67B | 1.67B |
| Total Debt | 57.57M | 122.25M | 122.91M | 114.09M | 171.33M | 78.48M |
| Net Cash (Debt) | 48.86M | -71.96M | -72.20M | -51.44M | -155.43M | -65.09M |
| Net Cash Per Share | 10.85 | -19.30 | -19.65 | -14.25 | -43.60 | -18.31 |
| Filing Date Shares Outstanding | 5.53M | 3.76M | 3.70M | 3.65M | 3.59M | 3.55M |
| Total Common Shares Outstanding | 5.53M | 3.74M | 3.70M | 3.65M | 3.59M | 3.55M |
| Book Value Per Share | 40.90 | 34.65 | 27.96 | 24.86 | 19.78 | 38.41 |
| Tangible Book Value | 226.18M | 129.56M | 103.35M | 90.82M | 70.96M | 136.49M |
| Tangible Book Value Per Share | 40.90 | 34.65 | 27.96 | 24.86 | 19.78 | 38.41 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 14.09M | 11.45M | 9.48M | 15.92M | 16.49M | |
| Depreciation & Amortization | 1.02M | 1.15M | 1.77M | 1.20M | 1.96M | |
| Other Amortization | 200.00K | 56.00K | ||||
| Gain (Loss) on Sale of Investments | 958.00K | 568.00K | 3.44M | 2.98M | 420.00K | |
| Provision for Credit Losses | 449.00K | -68.00K | -844.00K | -850.00K | 458.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.13M | -86.00K | -533.00K | 6.00K | 11.88M | |
| Accrued Interest Receivable | 126.00K | 1.14M | -1.06M | -934.00K | 721.00K | |
| Change in Income Taxes | 1.94M | 539.00K | -2.09M | -534.00K | -78.00K | |
| Change in Other Net Operating Assets | 1.68M | -735.00K | 196.00K | -848.00K | 196.00K | |
| Other Operating Activities | -457.00K | -242.00K | -894.00K | -438.00K | -1.03M | |
| Operating Cash Flow | 16.62M | 16.22M | 14.46M | 16.84M | 30.39M | |
| Capital Expenditures | -1.14M | -3.52M | -765.00K | -552.00K | -3.17M | |
| Investment in Securities | 23.39M | -44.87M | 75.25M | 45.25M | -268.58M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -44.40M | -122.57M | -53.91M | -112.72M | -11.24M | |
| Other Investing Activities | -1.23M | -2.37M | 2.46M | -3.62M | 509.00K | |
| Investing Cash Flow | -23.38M | -173.33M | 23.04M | -71.65M | -282.49M | |
| Short-Term Debt Issued | 26.76M | 92.85M | 9.64M | |||
| Long-Term Debt Issued | 50.00M | 20.00M | ||||
| Total Debt Issued | 26.76M | 50.00M | 20.00M | 92.85M | 9.64M | |
| Short-Term Debt Repaid | -40.25M | -67.23M | ||||
| Long-Term Debt Repaid | -30.00M | -10.00M | ||||
| Total Debt Repaid | -30.00M | -40.25M | -77.23M | |||
| Net Debt Issued (Repaid) | -3.24M | 9.75M | -57.23M | 92.85M | 9.64M | |
| Issuance of Common Stock | 614.00K | 385.00K | 822.00K | 418.00K | 575.00K | |
| Repurchase of Common Stock | -75.00K | -1.36M | ||||
| Common Dividends Paid | -5.00M | -4.80M | -4.67M | -4.50M | -4.38M | |
| Net Increase (Decrease) in Deposit Accounts | 13.97M | 139.83M | 70.34M | -31.38M | 221.68M | |
| Financing Cash Flow | 6.34M | 145.16M | 9.26M | 57.32M | 226.16M | |
| Net Cash Flow | -416.00K | -11.94M | 46.76M | 2.51M | -25.94M | |
| Free Cash Flow | 15.49M | 12.70M | 13.69M | 16.28M | 27.21M | |
| Free Cash Flow Margin | 26.82% | 25.48% | 29.87% | 31.88% | 52.89% | |
| Free Cash Flow Per Share | 4.15 | 3.46 | 3.79 | 4.57 | 7.66 | |
| Cash Interest Paid | 43.94M | 38.92M | 24.10M | 7.67M | 4.78M | |
| Cash Income Tax Paid | 2.01M | 2.28M | 4.29M | 4.26M | 3.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 292.70M | 130.75M | 125.40M | 94.71M | 94.24M | 127.73M |
| Last Close Price | 47.12 | 34.00 | 31.58 | 22.89 | 21.87 | 28.52 |
| PE Ratio | 9.28 | 10.95 | 9.99 | 5.92 | 7.75 | |
| PS Ratio | 6.55 | 2.27 | 2.52 | 2.07 | 1.84 | 2.48 |
| PB Ratio | 1.15 | 1.01 | 1.21 | 1.04 | 1.33 | 0.94 |
| P/FCF Ratio | 20.08 | 8.44 | 9.87 | 6.92 | 5.79 | 4.69 |
| P/OCF Ratio | 17.39 | 7.87 | 7.73 | 6.55 | 5.60 | 4.20 |
| Debt / Equity Ratio | 0.26 | 0.94 | 1.19 | 1.26 | 2.41 | 0.57 |
| Debt / FCF Ratio | 7.89 | 9.68 | 8.33 | 10.52 | 2.88 | |
| Net Debt / Equity Ratio | -0.22 | 0.56 | 0.70 | 0.57 | 2.19 | 0.48 |
| Net Debt / FCF Ratio | 4.65 | 5.68 | 3.76 | 9.54 | 2.39 | |
| Return on Equity (ROE) | -2.88% | 12.10% | 11.79% | 11.72% | 15.35% | 12.17% |
| Return on Assets (ROA) | -0.24% | 0.75% | 0.64% | 0.56% | 0.95% | 1.06% |
| Earnings Yield | -2.37% | 10.78% | 9.13% | 10.01% | 16.89% | 12.91% |
| FCF Yield | 4.98% | 11.84% | 10.13% | 14.46% | 17.28% | 21.31% |
| Dividend Yield | 3.31% | 4.35% | 4.36% | 5.71% | 5.48% | 3.90% |
| Payout Ratio | 35.49% | 41.91% | 49.26% | 28.25% | 26.53% | |
| Buyback Yield / Dilution | -21.16% | -1.51% | -1.74% | -1.30% | -0.29% | -0.47% |
| Total Shareholder Return | -17.85% | 2.83% | 2.62% | 4.41% | 5.19% | 3.42% |