Quarterly ResultJul 28, 2026, 04:19 PM

QNB Corp. Q2 Net Income $5.24M (Adj.), EPS $1.05 (Adj.); Victory Merger Impact

AI Summary

QNB Corp. reported its second-quarter 2026 financial results, with GAAP net income of $3.015 million ($0.60 diluted EPS). Excluding merger-related costs, adjusted net income was $5.242 million ($1.05 adjusted diluted EPS). These results include three months of post-merger activity following the acquisition of Victory Bancorp, Inc. on April 1, 2026, which significantly increased total assets to nearly $2.4 billion. The company highlighted strong core banking performance and increased net interest income, despite the impact of one-time merger expenses.

Key Highlights

Acquisition of Victory Bancorp, Inc. closed on April 1, 2026, creating a franchise with nearly $2.4 billion in assets.
Q2 2026 GAAP Net Income was $3,015,000, or $0.60 per diluted share.
Q2 2026 Adjusted Net Income (excluding merger costs) was $5,242,000, or $1.05 per adjusted diluted share.
Net interest income for Q2 2026 increased by $5,699,000 to $18,351,000 compared to Q2 2025.
Total assets as of June 30, 2026, reached $2,398,970,000, up from $1,906,005,000 at December 31, 2025.
Loans receivable increased to $1,716,599,000 and total deposits increased to $2,067,151,000.
Merger-related costs, net of tax, for Q2 2026 totaled $2,227,000.

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QNBC

State Commercial Banks

QNB CORP.

Price Impact