QNB CORP. — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
QNB Corp reported a Q3 2026 net loss of $14.8M ($2.67 per diluted share) driven by a $29.0M loss on the sale of $250.7M in available-for-sale securities plus $1.3M swap gain (net restructuring loss $27.7M). Separately, the company completed a $48.3M public offering of 1.23M shares in August 2026 and closed the Victory Bancorp acquisition on April 1, 2026. Excluding restructuring and merger costs, adjusted net income was $7.2M ($1.30 per share), up 78% from Q3 2025's $4.1M ($1.09 per share); nine-month adjusted income was $16.2M ($3.39 per share) versus $10.5M ($2.83 per share) in 2025. Assets grew to $2.36B from $1.91B at year-end 2025; loans increased to $1.77B and deposits to $2.06B.
Why this rating
Restructuring loss is significant one-time charge (27.7M pre-tax = 26% of equity base), but underlying operations improved materially YoY. Dilutive equity raise and integration costs offset by strong margin expansion and loan growth. Net effect is moderately adverse near-term despite solid operational trends.
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