QNB net income falls 22.36% to $3.02 million in Q2 FY26; adjusted diluted EPS rises to $1.05 excluding merger costs
QNBC•Revenue, margin and expenses
- 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.
