QNB Corp. reported a significant increase in its financial performance for the second quarter of 2025, with net income rising to $3.883 million, or $1.04 per diluted share, compared to $2.465 million, or $0.67 per diluted share, in the same period last year. For the first half of 2025, net income reached $6.461 million, up from $5.059 million in the prior year. The bank's net interest income also saw a notable increase, climbing by 19.5% to $12.652 million for the quarter and by 16.5% to $24.189 million for the six-month period. This growth was attributed to a rise in interest income from loans and investments, despite an increase in interest expenses.
Total assets for QNB Corp. increased to $1.885 billion as of June 30, 2025, compared to $1.871 billion at the end of 2024. The bank's loan portfolio grew slightly, with loans receivable at $1.219 billion, reflecting a modest increase from $1.216 billion at year-end 2024. Total deposits also rose to $1.652 billion, up from $1.629 billion, driven by increases in non-interest-bearing demand deposits and savings accounts. The bank's allowance for credit losses on loans was $9.169 million, representing 0.75% of total loans, compared to $8.744 million, or 0.72%, at the end of 2024.
In terms of operational developments, QNB Corp. has focused on enhancing its customer service and expanding its market presence in southeastern Pennsylvania. The bank's strategy includes maintaining a strong local presence while pursuing growth through existing customer relationships and new client acquisitions. The bank's employee headcount has also seen a slight increase, reflecting its commitment to providing high-quality service.
The filing indicated that QNB Corp. is well-capitalized, with a total risk-based capital ratio of 15.78% as of June 30, 2025, exceeding the regulatory minimum requirements. The bank's capital position has improved due to retained earnings from net income, which was partially offset by dividends paid. The outlook for QNB Corp. remains cautiously optimistic, with management anticipating continued growth in net interest income and a focus on managing interest rate risk amid competitive pressures in the banking sector.
Overall, QNB Corp.'s financial results for the second quarter of 2025 demonstrate a positive trajectory, with increased profitability, asset growth, and a solid capital position, positioning the bank for future opportunities in its local market.
About QNB CORP
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.