QNB CORP

The board of directors of QNB Corp. has declared a quarterly dividend of $0.39 per share. The payment date is September 25, 2026; the record date for registered shareholders is September 11, 2026. QNB Corp. is the parent company of QNB Bank, which operates 14 branches and two lending offices in Pennsylvania. » Más en de.investing.com

The consortium banks have fully exercised the over-allotment option and purchased an additional 160,714 QNB Corp. common shares at $42.00 each, bringing the total number of shares sold in the public offering to 1,232,142. The expected proceeds from the option are about $6.3 million, increasing the expected total gross proceeds of the offering to approximately $48.3 million before operating expenses. QNB Corp. intends to use the net offering proceeds for general corporate purposes, including reallocating fixed-income securities, partial repayment of subordinated notes, funding new loans and strengthening capital ratios. » Más en de.investing.com

QNB Corp begins trading on the Nasdaq today after selling about 1.1 million shares at $42 each, raising $45 million. The bank is moving from the OTC Markets (formerly ticker QNBC.PK) to the Nasdaq. The proceeds will be used for general corporate purposes, including repositioning its bond portfolio, repaying liabilities, financing new loans and bolstering capital ratios. Brean Capital served as lead bookrunner, with Performance Trust Capital Partners as joint bookrunner. » Más en de.investing.com