Regional lender QNB's Q3 net income rises on higher interest margin
Overview
QNB Corp. Q3 net income rises to $3.65 mln, impacted by merger-related costs
Company announces merger with Victory Bancorp, expected to close by early 2026
Net interest income for Q3 2025 increases by $1.87 mln year-over-year
Outlook
QNB expects merger with Victory Bancorp to close in Q4 2025 or Q1 2026
Result Drivers
INTEREST MARGIN IMPROVEMENT - QNB attributes increased net interest income to improved interest margins and higher yields on corporate debt securities
LOAN AND DEPOSIT GROWTH - Increase in commercial real estate loans and deposit balances contributed to higher net interest income
CREDIT LOSS PROVISION REDUCTION - Reduction in provision for credit losses positively impacted QNB's Q3 results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $3.64 mln | ||
Q3 Net Interest Income | $12.99 mln | ||
Q3 Net Interest Margin | 2.72% | ||
Q3 Pretax Profit | $4.57 mln |
Press Release:
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