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what it is
QNB is a Pennsylvania community bank that takes deposits and makes loans.
how it gets paid
Last year Qnb made $93M in revenue.
why it's growing
Revenue grew 289.0% last year. Revenue rose 7% from a year ago. EPS rose 28% from a year ago.
what just happened
QNB's quarter put $24M of revenue on the board, while EPS reached $1.06.
At a glance
B+ balance sheet — decent shape, but not bulletproof
60/100 earnings predictability — reasonably predictable
10.0x trailing p/e — the market's not buying it — or you found a deal
4.2% dividend yield — cash in your pocket every quarter
$3.12 fy2024 eps est
xvary composite: 63/100 — average
What they do
QNB is a Pennsylvania community bank that takes deposits and makes loans.
QNB dates to 1877, while many rivals are younger than your phone. It has a $28.8M lending limit per borrower, so it wins local business, not jumbo wars. With 193 employees, it runs a small, sticky franchise, and your paycheck is less likely to wander when the branch already knows your name.
How they make money
$93M
annual revenue · their business grew +289.0% last year
total revenue
$93M
+289.0%
The products that matter
consumer deposit funding
Personal checking & savings
$1.1B deposits · 2.64% funding cost
This funds the bank. QNB paid 2.64% on interest-bearing liabilities, down from 2.80% last year, which means the raw material for lending got a little cheaper.
funding base
commercial and real estate lending
Commercial & real estate loans
3.24% net interest margin
This is where the spread shows up. A 3.24% net interest margin means QNB keeps just over 3 cents of lending spread for every dollar of earning assets.
profit engine
pending scale expansion
Victory Bancorp merger
~$2.4B combined assets · 19% EPS accretion target
This is not a product in the usual sense. It is the current investment thesis. Management says the deal can add 19% to EPS by 2027, which is a big promise for a $138M bank.
the thesis
Key numbers
$93M
revenue
You are buying a bank with $93M in annual sales on a $138M market cap.
4.2%
dividend yield
You get paid 4.2% a year while you wait, which is real cash, not vibes.
10.0x
trailing p/e
The stock sells for 10 times trailing earnings, so you are paying 10 years of profit if nothing changes.
0.45
beta
A 0.45 beta means the shares have moved about half as much as the market.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 100 / 100
- long-term debt $69M (33% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for QNBC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
QNB's quarter put $24M of revenue on the board, while EPS reached $1.06.
Revenue rose 7% from a year ago. EPS rose 28% from a year ago. The bank stayed small and profitable, which is the whole point of a local lender.
$24M
revenue
$1.06
eps
28.0%
eps growth
EPS
EPS of $1.06 matters most. It was 28% above last year, so the bank kept more of each dollar than the headline revenue suggests.
source: company earnings report, 2026
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What could go wrong
The top risk is Victory Bancorp integration missing the promised 19% EPS accretion.
high
Victory Bancorp merger integration
The all-stock Victory deal is supposed to create a combined bank with about $2.4B in assets. System conversion, employee turnover, or customer attrition can eat into the headline integration benefits story fast.
If the 19% EPS accretion target for 2027 slips, the stock loses the main reason investors are willing to look past its ordinary community-bank economics.
med
spread compression from rates and deposit competition
QNB made $71M of its implied $93M revenue base from net interest income. That means most of the income statement is exposed to what it earns on loans versus what it pays on deposits.
Even modest compression in the 3.24% net interest margin would pressure the $14M profit base and make the 10.0x multiple look less cheap.
med
credit quality after the merger
Small banks can look stable right until one loan book starts aging badly. This page does not include detailed nonperforming asset data, so you should treat credit quality as an information gap, not an afterthought.
If problem loans rise after the deal closes, reserves could climb and wipe out the earnings benefit investors are underwriting.
low
thin trading and limited sponsorship
This is a roughly $138M market cap stock with institutional ownership data still being compiled in the snapshot. Thin coverage can keep valuation cheap longer than you expect.
If the market does not care about the story, you can be right on fundamentals and still wait a while for the stock to notice.
The merger thesis promises 19% EPS accretion. The standalone bank earns $14M today. If integration stumbles or the spread business weakens, that upside math gets smaller fast.
source: institutional data · regulatory filings · risk analysis
Pay attention to
deal close
the first official close announcement
Regulatory approvals were received on feb 25, 2026. The next step is the formal close and the first management commentary on integration timing, costs, and expected savings.
key metric
net interest margin after the deal
QNB ended 2025 at 3.24%. If the combined bank cannot hold the spread near that level, the deal math gets harder before it gets better.
risk
deposit retention and funding costs
The funding cost improved to 2.64% from 2.80% last year. You want that trend stable, not reversing right as two deposit bases are combined.
trend
whether the stock stays stuck in the $32–$39 band
A sleepy range is normal for a small bank. A breakout usually needs proof: cleaner combined results, credible integration benefits tracking, or a fresh step-up in earnings power.
Analyst rankings
earnings predictability
60 / 100
in human-speak, the earnings base is decent for a small bank, but the merger means you should expect a few noisy quarters.
valuation signal
10.0x p/e
That is inexpensive versus the broader market. It also tells you investors want proof before they pay up.
source: institutional data
Institutional activity
institutional ownership data for QNBC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$35
current price
n/a
target midpoint · n/a from current
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