QNB Corp prices public offering at $42 per share

Quakertown, Pennsylvania - QNB Corp. has announced the pricing of its public offering of common stock. The company plans to offer 1,071,428 shares at a price of $42.00 per share, according to a press release. This underwriter-led offering is expected to generate approximately $42.3 million in proceeds after accounting for fees, excluding operational expenses. QNB Corp. has given underwriters the option to purchase up to an additional 160,714 shares within a 30-day window at the same price, minus fees.

The shares are scheduled to begin trading on the Nasdaq Capital Market on Thursday, under the ticker QNBC. QNB Corp. anticipates closing the offering on Friday, pending approval of customary conditions. The proceeds from the offering will be utilized for various corporate purposes, potentially including restructuring the balance sheet, redeeming subordinated notes, funding new loans, maintaining capital ratios, and fostering growth.

Brean Capital, LLC is serving as the lead book-running manager, while Performance Trust Capital Partners, LLC is also involved as a joint book-running manager.

The offering is being conducted under a registration statement filed with the Securities and Exchange Commission, which was declared effective on August 14, 2026. QNB Corp. is the parent company of QNB Bank, headquartered in Quakertown, Pennsylvania. The bank operates 14 branches across Bucks, Lehigh, and Montgomery Counties, alongside two loan production offices in Montgomery and Berks Counties.