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QNB Corp. operates as the bank holding company for QNB Bank that provides commercial and retail banking products and services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts. The company also provides commercial and industrial loans, commercial and residential real estate loans, construction and land development loans, indirect lease financing, 1-4 family residential mortgage loans, home equity loans and lines of credit, and consumer loans. In addition, it offers retail brokerage and advisory services; credit cards and insurance products; merchant services; ATM and debit card services; and internet and mobile-banking, electronic bill pay, and remote deposit capture services. The company serves other community banks, thrift institutions, credit unions and other non-bank financial organizations, such as mutual fund companies, insurance companies, and brokerage companies. QNB Corp. was founded in 1877 and is based in Quakertown, Pennsylvania.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 19.59M | 20.45M | 14.64M | 15.21M | 12.89M |
| Net income | 15.92M | 16.49M | 12.08M | 12.36M | 11.34M |
| Selling general administrative | 18.07M | 18.25M | 17.11M | 16.36M | 15.04M |
| Selling and marketing expenses | 0.87M | 0.92M | 0.88M | 1.04M | 0.93M |
| Gross profit | 50.23M | 51.91M | 44.85M | 44.61M | 39.91M |
| Reconciled depreciation | 1.79M | 1.95M | 2.19M | 1.90M | 1.05M |
| Ebit | 29.66M | 20.45M | 14.64M | 15.21M | 21.08M |
| Ebitda | 31.46M | 22.40M | 16.84M | 17.10M | 22.13M |
| Depreciation and amortization | 1.79M | 1.95M | 2.19M | 1.90M | 1.05M |
| Operating income | 29.66M | 20.45M | 14.64M | 15.21M | 21.08M |
| Other operating expenses | 0.87M | 31.45M | 30.20M | 29.40M | 35.00M |
| Interest expense | 7.92M | 4.64M | 6.45M | 10.12M | 8.19M |
| Tax provision | 3.67M | 3.96M | 2.56M | 2.85M | 1.56M |
| Interest income | 52.42M | 46.77M | 43.69M | 46.42M | 43.20M |
| Net interest income | 44.50M | 42.13M | 37.25M | 36.29M | 35.02M |
| Income tax expense | 3.67M | 3.96M | 2.56M | 2.85M | 1.56M |
| Total revenue | 50.23M | 51.91M | 44.85M | 44.61M | 39.91M |
| Total operating expenses | 0.87M | -31.45M | -30.20M | -29.40M | 35.00M |
| Cost of revenue | - | - | - | - | 0.00M |
| Total other income expense net | -10.07M | -4.64M | -6.45M | -10.12M | -8.19M |
| Net income from continuing ops | 15.92M | 16.49M | 12.08M | 12.36M | 11.34M |
| Net income applicable to common shares | 15.92M | 16.49M | 12.08M | 12.36M | 11.34M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1668.50M | 1673.34M | 1440.23M | 1225.02M | 1175.45M |
| Intangible assets | - | - | - | 0.44M | 0.45M |
| Other current assets | 5.04M | 4.10M | -440.47M | -352.54M | -360.52M |
| Total liab | 1597.54M | 1536.85M | 1305.78M | 56.84M | 1071.10M |
| Total stockholder equity | 70.96M | 136.49M | 134.44M | 120.72M | 104.35M |
| Other current liab | -0.47M | -0.21M | -59.19M | -56.84M | -51.27M |
| Common stock | 2.37M | 2.35M | 2.33M | 2.30M | 2.28M |
| Capital stock | 2.37M | 2.35M | 2.33M | 2.30M | 2.28M |
| Retained earnings | 128.95M | 118.16M | 106.64M | 99.37M | 91.64M |
| Other liab | 4.15M | 8.62M | 8.88M | 9.61M | 4.18M |
| Other assets | 1056.21M | 242.18M | 496.53M | 480.39M | 360.52M |
| Cash | 15.90M | 13.39M | 39.33M | 17.61M | 13.46M |
| Total current liabilities | 161.33M | 0.21M | 59.19M | 56.84M | 0.05M |
| Current deferred revenue | - | -68.27M | - | - | - |
| Net debt | -5.90M | -3.39M | 29.51M | 38.32M | 37.41M |
| Short term debt | 161.33M | 68.48M | 58.84M | 55.93M | 50.87M |
| Short long term debt | - | - | 58.84M | 55.93M | 50.87M |
| Short long term debt total | 10.00M | 10.00M | 68.84M | 55.93M | 50.87M |
| Other stockholder equity | 20.76M | 19.72M | 19.82M | 18.79M | 17.43M |
| Property plant equipment | 15.46M | 16.54M | 15.40M | 15.61M | 9.92M |
| Total current assets | 573.74M | 709.85M | 479.80M | 370.15M | 0.01M |
| Long term investments | 1575.38M | 1607.65M | 1344.86M | 358.87M | 353.64M |
| Net tangible assets | 70.96M | 136.49M | 134.44M | 120.72M | 104.35M |
| Short term investments | 546.52M | 692.36M | 435.65M | 349.71M | 344.22M |
| Net receivables | 5.04M | 4.10M | 4.83M | 2.83M | 2.85M |
| Long term debt | 10.00M | 10.00M | 10.00M | - | - |
| Accounts payable | 0.47M | 0.21M | 0.35M | 0.91M | 0.45M |
| Accumulated other comprehensive income | -81.13M | -3.74M | 5.65M | 0.26M | -7.13M |
| Common stock total equity | 2.37M | 2.35M | 2.33M | 2.30M | 2.28M |
| Retained earnings total equity | 128.95M | 118.16M | 106.64M | 99.37M | 91.64M |
| Treasury stock | -4.04M | -3.96M | -2.61M | -2.48M | -2.48M |
| Non currrent assets other | -558.58M | -721.31M | -463.90M | -374.48M | 461.28M |
| Non current assets total | 38.54M | 721.31M | 463.90M | 374.48M | 814.92M |
| Long term debt total | 10.00M | 10.00M | 10.00M | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 45.52M | -271.73M | -81.56M | 2.34M | -26.54M |
| Change to liabilities | -0.83M | 0.49M | -1.88M | 0.39M | 0.44M |
| Total cashflows from investing activities | -71.65M | -282.49M | -185.13M | -33.57M | -33.11M |
| Net borrowings | 92.85M | 9.64M | 12.91M | 5.06M | -4.88M |
| Total cash from financing activities | 57.32M | 226.16M | 199.25M | 23.83M | 13.59M |
| Change to operating activities | -0.59M | 0.06M | -1.56M | 0.84M | 0.74M |
| Net income | 15.92M | 16.49M | 12.08M | 12.36M | 11.34M |
| Change in cash | 2.51M | -25.94M | 21.72M | 4.15M | -2.87M |
| Begin period cash flow | 13.39M | 39.33M | 17.61M | 13.46M | 16.33M |
| End period cash flow | 15.90M | 13.39M | 39.33M | 17.61M | 13.46M |
| Total cash from operating activities | 16.84M | 30.39M | 7.60M | 13.90M | 16.65M |
| Issuance of capital stock | 0.42M | 0.57M | 0.50M | 0.59M | 0.68M |
| Depreciation | 1.79M | 1.95M | 2.19M | 1.90M | 1.05M |
| Other cashflows from investing activities | -116.61M | -7.58M | -102.85M | -32.83M | -4.16M |
| Dividends paid | 4.50M | 4.38M | 4.23M | 4.09M | 3.86M |
| Change to inventory | - | - | - | - | 0.48M |
| Change to account receivables | -0.93M | 0.72M | -2.00M | 0.02M | 0.69M |
| Sale purchase of stock | -0.07M | -1.36M | -0.13M | 0.59M | 0.68M |
| Other cashflows from financing activities | 62.09M | 231.32M | 203.11M | 27.32M | 16.77M |
| Change to netincome | -0.16M | 10.54M | -4.54M | -0.35M | 1.55M |
| Capital expenditures | 0.55M | 3.17M | 0.72M | 3.09M | 2.41M |
| Change receivables | -0.93M | 0.72M | -2.00M | 0.02M | 0.69M |
| Cash flows other operating | -1.18M | -2.94M | -0.74M | -1.92M | 0.15M |
| Cash and cash equivalents changes | 2.51M | -25.94M | 21.72M | 4.15M | -2.87M |
| Change in working capital | -2.06M | 0.70M | -3.35M | 0.83M | 1.20M |
| Stock based compensation | 0.09M | 0.10M | 0.11M | 0.12M | 0.12M |
| Other non cash items | 1.15M | 11.04M | -3.38M | -1.63M | 2.68M |
| Free cash flow | 16.28M | 27.21M | 6.88M | 10.81M | 14.24M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| QNBC QNB Corp. Common Stock |
0.07 0.15% |
47.48 | 6.75 | - | 1.86 | 1.28 |
| DBSDY DBS Group Holdings Ltd ADR |
-0.76 0.34% |
219.92 | 20.00 | 17.57 | 7.54 | 3.17 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.62 | 7.70 | 7.10 | 0.55 | 0.83 |
| CIHKY China Merchants Bank Co Ltd |
0.28 0.82% |
34.49 | 7.79 | 7.20 | 0.55 | 0.85 |
| UNCFF UniCredit SpA |
-0.46 0.49% |
92.86 | 11.53 | 10.27 | 5.72 | 1.83 |
QNB Corp. operates as the bank holding company for QNB Bank that provides commercial and retail banking products and services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts. The company also provides commercial and industrial loans, commercial and residential real estate loans, construction and land development loans, indirect lease financing, 1-4 family residential mortgage loans, home equity loans and lines of credit, and consumer loans. In addition, it offers retail brokerage and advisory services; credit cards and insurance products; merchant services; ATM and debit card services; and internet and mobile-banking, electronic bill pay, and remote deposit capture services. The company serves other community banks, thrift institutions, credit unions and other non-bank financial organizations, such as mutual fund companies, insurance companies, and brokerage companies. QNB Corp. was founded in 1877 and is based in Quakertown, Pennsylvania.
15 North Third Street, Quakertown, PA, United States, 18951-9005
215 538 5600
190
| Name | Title | Year Born |
|---|---|---|
| Mr. David W. Freeman | Pres, CEO & Director | 1956 |
| Mr. Scott G. Orzehoski | Exec. VP & Chief Lending Officer of QNB Bank | 1966 |
| Ms. Dale A. Westwood | Exec. VP & Chief Retail Officer of QNB Bank | 1956 |
| Mr. Christopher T. Cattie | Exec. VP & Chief Information Technology Officer of QNB Bank | 1973 |
| Mr. Jeffrey Lehocky CPA, CIA | Exec. VP & CFO | 1967 |
| Ms. Mary Beth E. Liddle | Sr. VP & Chief Accounting Officer | 1964 |
| Ms. Jean M. Scholl | Assistant Sec. | NA |
| Tiffany M. Pompei | Sr. VP & Compliance Officer | NA |
| William F. Marks | Sr. VP & Commercial Loan Officer | NA |
| Justin M. Hartrum | Sr. VP & Commercial Lending Team Leader | NA |
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