QUAKERTOWN, PA – QNB Corp. (Nasdaq: QNBC) (the “Company”), parent company of QNB Bank, today completed a $51.7 million common stock offering. The Company issued a total of 1,232,142 shares at $42.00 per share, including the full exercise of the underwriters’ overallotment option. The offering price represented a 3.5% discount to QNB’s closing price on August 19, 2026. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include a balance sheet restructuring through the repositioning of a portion of the Company’s available-for-sale fixed income securities portfolio, redemption of a portion of the Company’s subordinated notes, funding new loans and supporting the Company’s capital ratios, and funding continued growth.
The Company’s common stock was uplisted from the OTCQX in conjunction with the offering, and now trades on the Nasdaq Capital Market under the ticker symbol “QNBC.”
Brean Capital, LLC served as Lead Book-Running Manager for the offering.
QNB Corp. (Nasdaq: QNBC) (the “Company”) is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank (the “Bank”) currently operates fourteen branches in Bucks, Lehigh, and Montgomery Counties, along with two loan production offices in Montgomery and Berks Counties. The Bank offers banking services, borrowing solutions, and cash management tools to commercial, small business, and personal customers in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at www.qnbbank.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.