Net interest income rose USD 5.7 million to USD 18.35 million; tax-equivalent net interest margin widened 47 basis points to 3.16%.
Non-interest expense climbed USD 6.87 million to USD 16.44 million, including USD 3.08 million of merger-related expenses tied to the Victory acquisition.
Q2 results and adjusted earnings
QNB posted Q2 net income of USD 3.02 million, down 22.36%, with diluted EPS of USD 0.60 versus USD 1.04 a year earlier.
Adjusted (non-GAAP) Q2 net income excluding merger-related costs was USD 5.24 million; adjusted diluted EPS was USD 1.05.
Balance sheet and acquisition impact
Total assets were USD 2.4 billion at June 30, 2026, reflecting the April 1 acquisition of Victory Bancorp, expanding the franchise deeper into Montgomery County.
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