QNB Corp sells $254.4 million AFS securities in strategic repositioning

• QNB Corp. launched a strategic repositioning of its available-for-sale securities portfolio in the third quarter of 2026.
• Sold USD 254.4 million of AFS securities yielding 1.59%, about 46.8% of the total securities portfolio.
• Unwound USD 162 million notional of pay-fixed swaps; expects a net pre-tax loss of about USD 26.2 million.
• Proceeds earmarked for higher-yielding, low-risk AFS securities and loan growth; blended expected yield about 5.45%.
• Move expected to lift tangible common equity ratio; accretive to earnings and net interest margin; loss recovery expected in under four years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QNB Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609080800PRIMZONEFULLFEED9821868) on September 08, 2026, and is solely responsible for the information contained therein.