Earnings ·
QNB Corp. reports $2.67 loss per share for Q3 2026 amid restructuring costs
QNBCQnb Corp.
QNB Corp. reported a net loss of $14,774,000, or $2.67 per diluted share, for the third quarter ended September 30, 2026. The results were heavily impacted by a $29,049,000 loss from the sale of available-for-sale securities and related swap unwinding as part of a balance sheet restructuring, alongside $251,000 in merger-related costs. Excluding these items, adjusted net income was $7,207,000, or $1.30 per diluted share, compared to $4,058,000, or $1.09 per share, in the prior year period. The company also noted a tax-equivalent net interest margin expansion to 3.25% from 2.72% and total assets of $2.36 billion. QNB Corp. is the holding company for QNB Bank, which provides commercial, small business, and personal banking services in Pennsylvania.