With the acquisition of Victory Bancorp finalized on April 1, 2026, Quakertown-based QNB Corp. reported first-quarter net income of $2,765,000 or $0.73 per diluted share, up from $2,578,000, or $0.69 per diluted share a year prior.
For the three-month period ended March 31, 2026, net income included $754,000 in after-tax merger-related costs. When excluding these one-time merger-related costs, adjusted diluted earnings per share for the first quarter was $0.93.
During the same period, QNB posted a 0.59 percent annualized return on average assets and an 8.40 percent return on average shareholders’ equity, compared to 0.56 percent and 9.73 percent, respectively, in the first quarter of 2025. When excluding merger-related costs, first quarter ROAA was 0.75 percent and ROAE reached 10.69 percent.
QNB Bank, the wholly owned subsidiary of QNB Corp., improved its operating performance in the three-month period compared with the same quarter in 2025, driven largely by an improved interest margin. This resulted in a $1,849,000 increase in net interest income and a $229,000 increase in non-interest income.
Learn more about the acquisition of Victory Bank and the first quarter earnings reported by the Quakertown company at QNB Bank.
_______
