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AI brief of an SEC Form 8-K · QNB CORP. (QNBC)

QNB Corp. to take $26.2 million pre-tax loss from $254.4 million securities sale

Mixed Impact 4 of 5 restructuring Written later

QNB Corp. sold $254.4 million in available-for-sale securities with a 1.59% weighted-average yield and unwound $162.0 million in notional pay-fixed swaps, reinvesting proceeds at an expected blended yield of about 5.45%. The company estimates a net pre-tax loss of about $26.2 million, to be included in its third-quarter 2026 results, and expects to recover that loss in under four years.

Key points

  • Sold $254.4 million in book value of AFS securities at a 1.59% weighted-average yield, about 46.8% of the securities portfolio
  • Unwound $162.0 million in notional pay-fixed swaps as part of the repositioning
  • Estimated net pre-tax loss of about $26.2 million, included in third-quarter 2026 financial results
  • Sales had no impact on shareholders' equity or book value per share as of the sale date

The filing

CompanyQNB CORP. (QNBC)
Form8-K, current report
Filed with the SECSep 8, 2026, 9:42 AM ET
Accession number0001193125-26-384550

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.