QNB Corp Q2 net income falls on Victory Bancorp acquisition

QNB

28/07/2026 21:12

Overview
U.S. community bank's Q2 net income fell on merger costs, but adjusted EPS rose yr/yr
Q2 net interest income and margin increased, aided by Victory Bancorp acquisition
Victory Bancorp deal expanded assets, loans, and deposits in Q2

Outlook
Company did not provide specific guidance for the current qtr or full yr

Result Drivers
VICTORY BANCORP ACQUISITION - QNB said the Victory Bancorp acquisition expanded assets, loans, and deposits and contributed to Q2 results
HIGHER NET INTEREST INCOME - QNB said Q2 net interest income rose due to higher loan balances and improved yields, especially in commercial real estate
INCREASED NON-INTEREST INCOME - QNB said non-interest income rose in Q2, led by higher customer fees and gains on securities

Company press release: ID:nGNX1GWqTR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$3.01 mln
 
Q2 Net Interest Income
 
$18.35 mln
 
Q2 Net Interest Margin
 
3.16%
 
Q2 Pretax Profit
 
$3.83 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)