QNB CORP.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
QNBC$47.61+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| (in thousands, except per share data) | |||
|---|---|---|---|
| Year ended December 31, | 2025 | 2024 | 2023 |
| Interest income | |||
| Interest and fees on loans | $73,052 | $65,367 | $53,884 |
| Interest and dividends on investment securities (AFS & Equity): | |||
| Taxable | 15,515 | 14,090 | 11,794 |
| Tax-exempt | 1,415 | 1,424 | 1,460 |
| Interest on interest-bearing balances and other interest income | 2,656 | 3,187 | 1,944 |
| Total interest income | 92,638 | 84,068 | 69,082 |
| Interest expense | |||
| Interest on deposits | |||
| Interest-bearing demand | 9,699 | 10,019 | 7,767 |
| Money market | 7,312 | 8,181 | 4,823 |
| Savings | 3,591 | 3,651 | 4,187 |
| Time less than $100 | 6,291 | 6,808 | 3,194 |
| Time $100 through $250 | 6,088 | 6,570 | 3,859 |
| Time greater than $250 | 2,152 | 2,247 | 1,171 |
| Interest on short-term borrowings | 2,103 | 1,148 | 3,273 |
| Interest on long-term debt | 423 | 1,322 | 653 |
| Interest on subordinated debt | 3,750 | 1,260 | — |
| Total interest expense | 41,409 | 41,206 | 28,927 |
| Net interest income | 51,229 | 42,862 | 40,155 |
| Provision (reversal of provision) for credit losses | 449 | (68) | (844) |
| Net interest income after provision for credit losses | 50,780 | 42,930 | 40,999 |
| Non-interest income | |||
| Net unrealized (loss) gain on investment equity securities | — | (215) | 250 |
| Net gain (loss) on sale of investment securities | — | 919 | (2,077) |
| Net gain (loss) on investment securities | — | 704 | (1,827) |
| Fees for services to customers | 1,986 | 1,770 | 1,651 |
| ATM and debit card | 2,991 | 2,740 | 2,735 |
| Retail brokerage and advisory | 648 | 476 | 862 |
| Bank-owned life insurance | 338 | 332 | 320 |
| Merchant | 321 | 348 | 394 |
| Net gain on sale of loans | 63 | 29 | 16 |
| Other | 610 | 514 | 686 |
| Total non-interest income | 6,957 | 6,913 | 4,837 |
| Non-interest expense | |||
| Salaries and employee benefits | 21,261 | 19,741 | 19,026 |
| Net occupancy | 2,320 | 2,207 | 2,223 |
| Furniture and equipment | 4,434 | 3,973 | 3,602 |
| Marketing | 1,038 | 1,044 | 964 |
| Third party services | 3,069 | 2,595 | 2,422 |
| Telephone, postage and supplies | 511 | 505 | 571 |
| State taxes | 947 | 577 | 367 |
| FDIC insurance premiums | 1,033 | 1,156 | 1,058 |
| Merger-Related | 1,138 | — | — |
| Other | 4,056 | 3,686 | 3,876 |
| Total non-interest expense | 39,807 | 35,484 | 34,109 |
| Income before income taxes | 17,930 | 14,359 | 11,727 |
| Provision for income taxes | 3,840 | 2,911 | 2,244 |
| Net income | $14,090 | $11,448 | $9,483 |
| Earnings per share - basic | $3.79 | $3.12 | $2.63 |
| Earnings per share - diluted | $3.78 | $3.12 | $2.63 |
| Cash dividends per share | $1.52 | $1.48 | $1.48 |
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