Qnb Corp Announces Strategic Repositioning Of Afs Securities Portfolio
QNBC•Portfolio repositioning details
Sept. 8 (Reuters) - QNB Corp (QNBC.O):
- QNB Corp announces strategic repositioning of AFS securities portfolio.
- QNB Corp sells $254.40 million in AFS securities, 46.8% of portfolio.
- QNB Corp unwinds $162 million in pay-fixed swaps.
- QNB Corp estimates net pre-tax loss of $26.20 million in Q3 2026 from repositioning.
- QNB Corp says the repositioning is expected to improve tangible common equity ratio and be accretive to earnings.
