QNB Corp. (OTCQX: QNBC) priced an underwritten public offering of 1,071,428 shares of common stock at $42.00 per share, with expected gross proceeds of approximately $42.3 million after underwriting discounts and commissions but before operating expenses.
The offering includes a 30-day option for underwriters to purchase up to an additional 160,714 shares at the public offering price, less discounts and commissions. Shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol QNBC on Thursday, with the offering closing on or about Friday subject to customary conditions.
Net proceeds will be used for general corporate purposes, including balance sheet restructuring through the repositioning of its available-for-sale fixed income securities portfolio, redemption of a portion of subordinated notes, funding new loans, and supporting capital ratios to drive continued growth.
Brean Capital, LLC served as lead book-running manager, with Performance Trust Capital Partners, LLC as joint book-running manager. The offering was made pursuant to a registration statement on Form S-3 declared effective by the U.S. Securities and Exchange Commission on August 14, 2026.
QNB Corp. is the parent company of QNB Bank, headquartered in Quakertown, Pennsylvania. QNB Bank operates 14 branches across Bucks, Lehigh, and Montgomery Counties, along with two loan production offices in Montgomery and Berks Counties.
