QNBC QNB Corp
QNB Corp. is a bank holding company, which engages in the general commercial banking business and provides banking services to its customers. The company was founded on June 4, 1984 and is headquartered in Quakertown, PA.
Company profile
Ticker
QNBC
Exchange
Website
CEO
David W. Freeman
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
232318082
QNBC stock data
()
Calendar
7 May 20
9 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 11.33M | 11.6M | 11.82M | 11.71M | |
| Net income | 220K | 2.75M | 3.09M | 3.14M | |
| Diluted EPS | 0.06 | 0.78 | 0.88 | 0.9 | |
| Net profit margin | 1.94% | 23.66% | 26.15% | 26.84% | |
| Net change in cash | 28.88M | -3.18M | 6.72M | 360K | |
| Cash on hand | 46.49M | 17.61M | 20.79M | 14.07M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 46.42M | 43.2M | 38.1M | 33.24M | |
| Net income | 12.36M | 11.34M | 8.29M | 8.92M | |
| Diluted EPS | 3.53 | 3.25 | 2.41 | 2.63 | |
| Net profit margin | 26.62% | 26.24% | 21.75% | 26.85% | |
| Net change in cash | 4.15M | -2.87M | 5.61M | -6.27M | |
| Cash on hand | 17.61M | 13.46M | 16.33M | 10.72M |
Financial data from QNB earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 26 Jun 20 | Randy S. Bimes | Common Stock | Buy | Aquire P | No | 27.64 | 361.795 | 10K | 55,326.297 |
| 26 Jun 20 | Mann Jennifer L | Common Stock | Buy | Aquire P | No | 27.64 | 180.897 | 5K | 2,886.732 |
| 29 May 20 | Randy S. Bimes | Common Stock | Buy | Aquire P | No | 28.7 | 1,793 | 51.46K | 54,454.673 |
| 28 May 20 | Randy S. Bimes | Common Stock | Aquire L | No | 28.7 | 143 | 4.1K | 52,661.673 | |
| 27 May 20 | Randy S. Bimes | Common Stock | Aquire L | No | 28.7 | 64 | 1.84K | 52,518.673 | |
| 27 Mar 20 | Mann Jennifer L | Common Stock | Buy | Aquire P | No | 28.22 | 177.179 | 5K | 2,643.243 |
| 14 Feb 20 | Christopher T Cattie | Common Stock Common Stock | Grant | Aquire A | No | 36.5 | 3,500 | 127.75K | 3,500 |
Institutional ownership Q4 2019
13.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 5 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 1 |
| Reduced positions | 1 |
13F shares |
Current |
|---|---|
| Total value | 493.09M |
| Total shares | 470.24K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Maltese Capital Management | 295.29K | $11.41M |
| Banc Funds | 155.22K | $6M |
| John W. Rosenthal Capital Management | 12.3K | $475.4M |
| Philadelphia Trust | 7.42K | $287K |
| Huntington National Bank | 1 | $0 |
Financial report summary
?Management Discussion
- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- QNB Corp. is a bank holding company headquartered in Quakertown, Pennsylvania. QNB Corp., through its wholly-owned subsidiary, the Bank, has been serving the residents and businesses of upper Bucks, northern Montgomery and southern Lehigh counties in Pennsylvania since 1877. Due to its limited geographic area, growth is pursued through expansion of existing customer relationships and building new relationships by stressing a consistent high level of service at all points of contact. The Bank is a locally managed community bank that provides a full range of commercial and retail banking and retail brokerage services. The consolidated entity is referred to herein as “QNB” or the “Company”.
- Tabular information presented throughout management’s discussion and analysis, other than share and per share data, is presented in thousands of dollars.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
ample, appointment, April, arranged, billion, broader, chain, Chapter, competent, Conceptual, cumulative, difficulty, disease, disrupt, disruption, encouraged, eventual, evolving, exhausted, expanded, Explicit, face, Facility, fairly, flat, Food, GIANT, globally, Governor, hardship, health, key, lock, Monday, motor, Night, OCI, outbreak, pandemic, Paycheck, personnel, portal, PPP, PPPLF, proportion, Protection, quickly, rapidly, relief, remote, reopened, reprieve, round, safety, SBA, scenario, sponsored, Store, strongly, temporarily, terrorism, unemployment, unforeseen, unknown, vehicle, Warminster, wear, window, Wolf, work, worked, workforce, working, World
Removed:
amortizing, application, capitalize, classify, eligibility, entered, executory, initiated, introduced, leased, lessee, line, negative, opening, optional, ownership, phased, postage, prefer, ranged, reaching, reconciliation, reimbursement, revised, rule, schedule, Strict, Telephone, unchanged, undiscounted, usage
Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
13 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
14 Mar 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
10-K
2017 FY
Annual report
16 Mar 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
26 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
6 May 20
8-K
QNB Corp. Reports Earnings for First Quarter 2020
28 Apr 20
8-K
QNB Corp. Reports Earnings for Fourth Quarter 2019
30 Jan 20
8-K/A
Results of Operations and Financial Condition
25 Oct 19
8-K
QNB Corp. Reports Earnings for Third Quarter 2019
25 Oct 19
8-K
QNB Corp. Reports
23 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
29 May 19
8-K
QNB Corp. Reports
23 Apr 19
8-K
QNB Corp. Reports 2018
25 Jan 19
Registration and prospectus
S-8
Registration of securities for employees
5 Aug 16
S-8
Registration of securities for employees
6 Aug 15
S-8
Registration of securities for employees
26 Jul 11
S-3
Shelf registration
31 Dec 09
S-8
Registration of securities for employees
28 Jun 06
S-8
Registration of securities for employees
21 Jun 05
S-8
Registration of securities for employees
15 Aug 01
S-8
Registration of securities for employees
18 Nov 99
S-8
Registration of securities for employees
22 Nov 96
Proxies
DEFA14A
Additional proxy soliciting materials
6 May 20
DEF 14A
Definitive proxy
14 Apr 20
DEF 14A
Definitive proxy
16 Apr 19
DEF 14A
Definitive proxy
10 Apr 18
DEF 14A
Definitive proxy
12 Apr 17
DEF 14A
Definitive proxy
12 Apr 16
DEF 14A
Definitive proxy
15 Apr 15
DEF 14A
Definitive proxy
16 Apr 14
DEF 14A
Definitive proxy
17 Apr 13
DEF 14A
Definitive proxy
20 Apr 12
Ownership
3
QNB / Laurie Bergman ownership change
2 Jul 20
4
QNB / Jennifer L Mann ownership change
30 Jun 20
4
QNB / Randy S. Bimes ownership change
30 Jun 20
3
QNB / Randy S. Bimes ownership change
3 Jun 20
4
QNB / Christopher T Cattie ownership change
19 Feb 20
4
QNB / David W. Freeman ownership change
19 Feb 20
4
QNB / Scott G Orzehoski ownership change
19 Feb 20
4
QNB / Janice S McCracken ownership change
19 Feb 20
SC 13G/A
QNB Corp
13 Feb 20
4
QNB / Scott G Orzehoski ownership change
17 Jan 20