QNB Corp sells $254.4 million AFS securities in strategic repositioning
QNBC•QNB Corp launches strategic repositioning of AFS portfolio
QNB Corp. launched a strategic repositioning of its available-for-sale securities portfolio in the third quarter of 2026.
- Sold $254.4 million of AFS securities yielding 1.59%, about 46.8% of the total securities portfolio.
- Unwound $162 million notional of pay-fixed swaps; expects a net pre-tax loss of about $26.2 million.
- Proceeds earmarked for higher-yielding, low-risk AFS securities and loan growth; blended expected yield about 5.45%.
- Move expected to lift tangible common equity ratio; accretive to earnings and net interest margin; loss recovery expected in under four years.
