QNB Corp targets 5.45% yield as it redeploys securities-sale proceeds into higher-yielding AFS assets and loan growth - QNBC News | RalliesQNB Corp targets 5.45% yield as it redeploys securities-sale proceeds into higher-yielding AFS assets and loan growth
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QNBC• Redeploying securities-sale proceeds into higher-yielding assets
- QNB Corp. will redeploy securities-sale proceeds into high-yielding, low-risk AFS securities and loan growth, targeting a 5.45% blended yield.
- Repositioning is expected to lift tangible common equity-to-tangible assets, earnings, net interest margin, and return on average assets.
- Management expects to recover the estimated USD 26.2 million pre-tax loss in under four years.
