QNB (QNBC)


Market Price (11/6/2026): $46.89 | Market Cap: $291.2 MilSector: Financials | Industry: Regional Banks

QNB (QNBC)


Market Price (11/6/2026): $46.89
Market Cap: $291.2 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 6.3%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -73%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

Low stock price volatility
Vol 12M is 12%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Community Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more.

Trading close to highs
Dist 52W High is -1.2%, Dist 3Y High is -1.2%

Key risks
QNBC key risks include [1] execution risk from its ongoing balance sheet restructuring and [2] potential shareholder dilution from a recent public offering.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 6.3%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -73%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
4 Low stock price volatility
Vol 12M is 12%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Community Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more.
6 Trading close to highs
Dist 52W High is -1.2%, Dist 3Y High is -1.2%
7 Key risks
QNBC key risks include [1] execution risk from its ongoing balance sheet restructuring and [2] potential shareholder dilution from a recent public offering.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

QNB (QNBC) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Robust Adjusted Earnings in Fiscal Q3 2026 Coupled with Net Interest Margin Expansion. QNB Corp. reported a net loss of $14.8 million, or $2.67 per diluted share, for fiscal Q3 2026, primarily due to one-time charges from the Victory Bancorp acquisition and a securities repositioning. However, excluding these items, adjusted net income rose to $7.2 million, or $1.30 per diluted share, surpassing the consensus estimate of approximately $1.11 by $0.19. This strong adjusted performance highlighted the underlying health of the company. Contributing to this, net interest income increased by $6.163 million to $19.161 million, and the tax-equivalent net interest margin rose significantly to 3.25% in fiscal Q3 2026 from 2.72% in fiscal Q3 2025. The yield on earning assets also increased by 40 basis points to 5.31% for fiscal Q3 2026 compared to 4.91% in the prior year's period.

Show more
Updated on 11/1/2026

QNB (QNBC) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Robust Adjusted Earnings in Fiscal Q3 2026 Coupled with Net Interest Margin Expansion. QNB Corp. reported a net loss of $14.8 million, or $2.67 per diluted share, for fiscal Q3 2026, primarily due to one-time charges from the Victory Bancorp acquisition and a securities repositioning. However, excluding these items, adjusted net income rose to $7.2 million, or $1.30 per diluted share, surpassing the consensus estimate of approximately $1.11 by $0.19. This strong adjusted performance highlighted the underlying health of the company. Contributing to this, net interest income increased by $6.163 million to $19.161 million, and the tax-equivalent net interest margin rose significantly to 3.25% in fiscal Q3 2026 from 2.72% in fiscal Q3 2025. The yield on earning assets also increased by 40 basis points to 5.31% for fiscal Q3 2026 compared to 4.91% in the prior year's period.

2. Strategic Balance Sheet Repositioning to Enhance Future Profitability. On September 8, 2026, QNB announced a strategic repositioning of $254.4 million of its available-for-sale (AFS) securities portfolio, representing 46.8% of its total securities. The company sold lower-yielding AFS securities with a weighted-average yield of 1.59% and is utilizing the net proceeds to purchase higher-yielding, low-risk AFS securities and fund loan growth, with a blended expected weighted-average yield of approximately 5.45%. While this move resulted in a pre-tax loss of approximately $26.2 million in fiscal Q3 2026, it is projected to be accretive to future earnings, net interest margin, and return on average assets, with the estimated loss expected to be recovered in under four years.

3. Successful NASDAQ Uplisting and Public Stock Offering. QNB Corp. announced on August 19, 2026, the pricing of a public offering and its transfer to the NASDAQ Capital Market. The offering, completed on August 20, 2026, involved the issuance of 1,232,142 common shares, which added approximately $48.3 million in net proceeds to shareholders' equity. This uplisting from OTCQX to NASDAQ is expected to enhance the company's visibility, improve trading liquidity, and strengthen its capital position.

4. Positive Analyst Sentiment. Analyst sentiment for QNBC improved during the period, with Brean Capital initiating coverage with a "Buy" rating on October 14, 2026, citing improving profitability. MarketBeat also assigned QNB an overall "Moderate Buy" rating. Such positive analyst coverage and upgrades can significantly influence investor perception and drive buying activity.

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Stock Movement Drivers

Fundamental Drivers

The 9.1% change in QNBC stock from 7/31/2026 to 11/5/2026 was primarily driven by a 53.4% change in the company's P/E Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)43.0146.919.1%
Change Contribution By: 
Total Revenues ($ Mil)606610.3%
Net Income Margin (%)23.8%20.3%-14.9%
P/E Multiple11.317.453.4%
Shares Outstanding (Mil)45-24.3%
Cumulative Contribution9.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
QNBC9.1% 
Market (SPY)-1.9%21.6%
Sector (XLF)1.0%24.4%

Fundamental Drivers

The 8.1% change in QNBC stock from 4/30/2026 to 11/5/2026 was primarily driven by a 51.3% change in the company's P/E Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)43.3846.918.1%
Change Contribution By: 
Total Revenues ($ Mil)586613.7%
Net Income Margin (%)24.2%20.3%-16.3%
P/E Multiple11.517.451.3%
Shares Outstanding (Mil)45-24.9%
Cumulative Contribution8.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
QNBC8.1% 
Market (SPY)2.3%17.8%
Sector (XLF)10.7%21.8%

Fundamental Drivers

The 36.9% change in QNBC stock from 10/31/2025 to 11/5/2026 was primarily driven by a 75.7% change in the company's P/E Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)34.2546.9136.9%
Change Contribution By: 
Total Revenues ($ Mil)536624.5%
Net Income Margin (%)24.2%20.3%-16.2%
P/E Multiple9.917.475.7%
Shares Outstanding (Mil)45-25.3%
Cumulative Contribution36.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
QNBC36.9% 
Market (SPY)8.4%20.6%
Sector (XLF)11.1%18.2%

Fundamental Drivers

The 130.6% change in QNBC stock from 10/31/2023 to 11/5/2026 was primarily driven by a 252.9% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)20.3546.91130.6%
Change Contribution By: 
Total Revenues ($ Mil)496635.9%
Net Income Margin (%)30.5%20.3%-33.6%
P/E Multiple4.917.4252.9%
Shares Outstanding (Mil)45-27.6%
Cumulative Contribution130.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
QNBC130.6% 
Market (SPY)81.3%2.4%
Sector (XLF)85.5%3.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QNBC Return16%-23%3%33%5%38%77%
Peers Return73%-8%20%10%15%28%208%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
QNBC Win Rate83%25%42%42%50%64% 
Peers Win Rate68%43%53%47%55%64% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
QNBC Max Drawdown-9%-31%-29%-12%-8%-3% 
Peers Max Drawdown-20%-32%-43%-20%-25%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FULT, WSFS, CUBI, WSBC, STBA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventQNBCS&P 500
2023 SVB Regional Banking Crisis
  % Loss-28.6%-6.7%
  % Gain to Breakeven40.0%7.1%
  Time to Breakeven408 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.0%-24.5%
  % Gain to Breakeven31.6%32.4%
  Time to Breakeven869 days427 days
2020 COVID-19 Crash
  % Loss-24.1%-33.7%
  % Gain to Breakeven31.7%50.9%
  Time to Breakeven380 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.3%-19.2%
  % Gain to Breakeven25.4%23.8%
  Time to Breakeven2583 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-11.2%-17.9%
  % Gain to Breakeven12.6%21.8%
  Time to Breakeven150 days123 days
2008-2009 Global Financial Crisis
  % Loss-29.2%-53.4%
  % Gain to Breakeven41.2%114.4%
  Time to Breakeven653 days1085 days

Compare to FULT, WSFS, CUBI, WSBC, STBA

In The Past

QNB's stock fell -3.4% during the 2025 US Tariff Shock. Such a loss loss requires a 3.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventQNBCS&P 500
2023 SVB Regional Banking Crisis
  % Loss-28.6%-6.7%
  % Gain to Breakeven40.0%7.1%
  Time to Breakeven408 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.0%-24.5%
  % Gain to Breakeven31.6%32.4%
  Time to Breakeven869 days427 days
2020 COVID-19 Crash
  % Loss-24.1%-33.7%
  % Gain to Breakeven31.7%50.9%
  Time to Breakeven380 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.3%-19.2%
  % Gain to Breakeven25.4%23.8%
  Time to Breakeven2583 days105 days
2008-2009 Global Financial Crisis
  % Loss-29.2%-53.4%
  % Gain to Breakeven41.2%114.4%
  Time to Breakeven653 days1085 days

Compare to FULT, WSFS, CUBI, WSBC, STBA

In The Past

QNB's stock fell -3.4% during the 2025 US Tariff Shock. Such a loss loss requires a 3.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About QNB (QNBC)

QNB Corp. (QNBC) is a bank holding company that operates QNB Bank, providing a comprehensive suite of commercial and retail banking products and services. The company primarily serves individuals and businesses within southeastern Pennsylvania, operating through twelve full-service community banking offices located in Bucks, Montgomery, and Lehigh counties.

The company's core business involves offering various deposit products, including demand, savings, money market, club, and online savings accounts, as well as time deposits like certificates of deposit and individual retirement accounts. On the lending side, QNB provides a diverse portfolio of loans such as commercial and industrial, commercial and residential real estate, construction and land development, and indirect lease financing. For individual clients, it offers 1-4 family residential mortgage loans, home equity loans and lines of credit, and other consumer loans.

In addition to traditional banking, QNB extends its services to include retail brokerage and advisory services, credit cards, and insurance products. The bank also facilitates modern financial management through merchant services, ATM and debit card services, internet and mobile banking, electronic bill pay, and remote deposit capture services, ensuring convenient access for its customers.

AI Analysis | Feedback

Here are 1-3 brief analogies for QNB Corp. (QNBC):

  • QNB is like a localized version of a major bank such as JPMorgan Chase or Bank of America, providing a full range of banking, brokerage, and advisory services specifically for communities in southeastern Pennsylvania.
  • Think of QNB as a community-focused PNC or Truist, serving all the banking needs – from personal accounts to commercial loans – for specific towns and counties in southeastern Pennsylvania.

AI Analysis | Feedback

  • Deposit Accounts: QNB offers various deposit products including demand, savings, money market, and time deposit accounts like Certificates of Deposit and IRAs.
  • Loan Products: The company provides a range of loans such as commercial and industrial, real estate, construction, mortgage, home equity, and consumer loans.
  • Retail Brokerage & Advisory Services: QNB offers services to assist customers with investments and financial planning.
  • Credit Cards & Insurance Products: The bank provides credit card options and various insurance offerings to its customers.
  • Merchant Services: QNB assists businesses with processing electronic payments from customers.
  • Digital Banking & Payment Services: Services include ATM and debit cards, internet and mobile banking, electronic bill pay, and remote deposit capture.

AI Analysis | Feedback

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QNB Corp. (QNBC) primarily serves two broad categories of customers:

  • Individual Consumers and Households: This category encompasses individuals and families who utilize a range of retail banking products and services. These include various deposit accounts (demand, savings, money market, club, online savings, certificates of deposit, and individual retirement accounts), 1-4 family residential mortgage loans, home equity loans and lines of credit, consumer loans, retail brokerage and advisory services, credit cards, insurance products, ATM and debit card services, internet and mobile banking, and electronic bill pay services.
  • Businesses and Commercial Enterprises: This category includes local businesses and other commercial entities that rely on QNB Bank for its commercial banking offerings. Services provided to these customers include commercial and industrial loans, commercial and residential real estate loans, construction and land development loans, indirect lease financing, various deposit products, credit cards, insurance products, merchant services, ATM and debit card services, internet and mobile banking, electronic bill pay, and remote deposit capture services. Given the nature of a community bank, these customers are typically small to medium-sized businesses within its service area of Bucks, Montgomery, and Lehigh counties in southeastern Pennsylvania.
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David W. Freeman, President and Chief Executive Officer

Mr. Freeman has served as the Chief Executive Officer of QNB Corp. and QNB Bank since January 2013, and as President of both entities since September 2010. Before joining QNB Corp., he was the Division President of the Drovers Bank Division of Fulton Bank from March 2002 to March 2010. He previously held executive and management positions with PNC Bank, Chase Bank of Ohio, and Huntington National Bank. Mr. Freeman's educational background includes a Bachelor of Science degree in business management from Franklin University, a Master of Business Administration from The Ohio State University, and he is a graduate of ABA Stonier Graduate School of Banking. He is expected to retire on December 31, 2028.

Jeffrey Lehocky, Executive Vice President and Chief Financial Officer

Mr. Lehocky was appointed Executive Vice President and Chief Financial Officer of QNB Corp. and QNB Bank in November 2022. In this role, he oversees the company's accounting, financial, and treasury operations. Prior to joining QNB, Mr. Lehocky served as Managing Director, Head of Business and Risk Management Global Transaction Bank for Mitsubishi UFJ Finance Group in New York from February 2020 to September 2021. Before that, he was a Managing Director, Head of Operations, Corporate and Investment Bank for Deutsche Bank in New York and London from November 1994 to December 2019. Mr. Lehocky is a Certified Public Accountant and a Certified Internal Auditor, holding a Bachelor of Arts in Accounting from Villanova University and a Master of Business Administration in Finance from Seton Hall University.

Christopher T. Cattie, Executive Vice President and Chief Operating Officer

Mr. Cattie has been a member of the QNB leadership team for more than 10 years and was appointed Chief Operating Officer on January 1, 2025. He is responsible for planning, overseeing, and managing the bank's information technology and infrastructure, deposit operations, loan operations, security, fraud, and compliance. He previously served as QNB's Executive Vice President, Chief Operations & Technology Officer from February 2016 to 2024. Before joining QNB, he was Group Vice President of Information Technology for Bryn Mawr Trust from January 2015 to February 2016, and Senior Vice President, Information Technology Director for Continental Bank. Mr. Cattie is expected to assume the roles of President and Chief Executive Officer of both QNB Bank and QNB Corp. upon Mr. Freeman's planned retirement on December 31, 2028. He holds a Bachelor of Science degree in Management and Accounting from Lock Haven University, an MBA in Management Information Systems from La Salle University, and is a graduate of the ABA Stonier Graduate School of Banking.

Abigail Covelens, Executive Vice President, Chief Retail Officer and Chief Business Banking Officer

Ms. Covelens has served as Executive Vice President, Chief Retail Officer and Chief Business Banking Officer of the Bank since January 1, 2023. In her role, she is responsible for planning, overseeing, and managing retail branch banking and the business banking group. Prior to this, she served as QNB's Senior Vice President and Commercial Lending Officer from June 2014 to December 2022, and held various roles within Retail Branch Banking from 2000 to 2014.

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AI Analysis | Feedback

Here are the key risks to QNB Corp. (QNBC):

Key Risks to QNB Corp. (QNBC)

  1. Credit Quality and Commercial Real Estate Concentration: The most significant risk for QNB Corp., like many community banks, is credit quality. The company's loan portfolio has a concentration in commercial real estate, which can lead to considerable pressure if a local borrower or property segment experiences weakness.
  2. Interest Rate and Funding Risk: Another major concern for QNB Corp. is the risk associated with interest rates and funding. The bank's net interest margin can quickly shrink if the cost of deposits increases at a faster rate than the yields on its assets.
  3. Execution Risk from Balance Sheet Restructuring and Share Dilution: QNB Corp. is currently undergoing a balance sheet restructuring, which involves selling securities and funding new loans. This process introduces execution risk. Additionally, the recent public offering of common stock for general corporate purposes, including the balance sheet restructuring, poses a risk of potential dilution for existing shareholders.

AI Analysis | Feedback

The rise of digital-first and online-only banks and FinTech companies that offer banking services primarily through digital channels, challenging the traditional branch-based model by providing convenient, often lower-cost alternatives.

AI Analysis | Feedback

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QNB Corp. (QNBC) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Strategic Acquisition and Market Expansion: A significant driver is the merger with The Victory Bancorp, Inc., which was agreed upon in September 2025 and successfully integrated in June 2026. This all-stock transaction is anticipated to expand QNB's market presence deeper into Montgomery and Berks counties in Pennsylvania, creating a combined organization with nearly $2.4 billion in assets.
  2. Growth in Commercial and Residential Real Estate Loans: QNB Corp. has shown consistent growth in its loan portfolio, particularly in commercial and residential real estate. Loans receivable increased by 3.8% in 2025, supported by these segments. The company's business model emphasizes small-business lending and commercial real estate as significant components of its loan portfolio, which is expected to continue contributing to revenue growth.
  3. Net Interest Margin (NIM) Expansion: The company has demonstrated an improving net interest margin, which expanded to 2.72% in 2025 from 2.43% in 2024. This improvement, driven by the repricing of existing loans and active management of its cost of funds, directly enhances net interest income, a primary revenue component for banks.
  4. Balance Sheet Restructuring and Higher-Yielding Investments: QNB plans to enhance its balance sheet by selling lower-yielding securities (approximately $236 million at 1.61% yield) and reinvesting in higher-yielding securities (around $125 million at 4.76% yield) and new loans (approximately $76 million at 6.50% yield). This strategic reallocation of assets is designed to improve overall asset yield and bolster future net interest income and regulatory capital ratios.
  5. Continued Focus on Community Banking and Technology-Enabled Services: QNB continues to emphasize its long-standing presence in community banking, offering personalized service to local individuals, families, and small to mid-sized businesses. Coupled with ongoing investments in technology-enabled services like internet and mobile banking, electronic bill pay, and remote deposit capture, this approach helps retain and attract customers, contributing to sustained deposit and loan growth.

AI Analysis | Feedback

Share Issuance

  • In August 2026, QNB Corp. completed a public offering of 1,071,428 shares of common stock at $42.00 per share, yielding approximately $42.3 million in net proceeds.
  • Underwriters fully exercised their overallotment option, purchasing an additional 160,714 shares at $42.00 per share, increasing total proceeds to approximately $48.3 million from 1,232,142 shares sold.
  • As part of the all-stock acquisition of The Victory Bancorp, Inc., completed on April 1, 2026, QNB Corp. issued 1,178,182 shares, in a transaction valued at $47.1 million.

Outbound Investments

  • QNB Corp. entered into a definitive agreement in September 2025 to acquire The Victory Bancorp, Inc. in an all-stock transaction.
  • The acquisition of The Victory Bancorp, Inc. was completed on April 1, 2026, creating a combined entity with nearly $2.4 billion in assets.

Peer Outperformance in Regional Banks

QNBC has outperformed 52% of its 262 Regional Banks peers over 5Y. Among the peers that beat it are SRCE and FULT. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that QNBC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
66%
of 281 industry peers · 37.0% return
3Y
81%
of 273 industry peers · 126.3% return
5Y
52%
of 262 industry peers · 52.0% return
Regional Banks peers with revenue growth within 4pp of QNBC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
QNBC QNB 11.4% 17.4x 37.0%126.3%52.0% —
SRCE 1st Source 7.5% 11.8x 46.3%95.9%95.9% +44pp
FULT Fulton Financial 8.0% 11.5x 40.0%92.4%73.1% +21pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is QNBC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

QNBCFULTWSFSCUBIWSBCSTBAMedian
NameQNB Fulton F.WSFS Fin.Customer.Wesbanco S&T Banc. 
Mkt Price46.8923.5679.0784.4338.6850.8648.88
Mkt Cap0.24.54.02.93.71.83.3
Rev LTM661,3661,1179061,063416985
Op Inc LTM-------
FCF LTM15412286229378143258
FCF 3Y Avg13329200172268151186
CFO LTM17426297381392147339
CFO 3Y Avg15361211267282155239

Growth & Margins

QNBCFULTWSFSCUBIWSBCSTBAMedian
NameQNB Fulton F.WSFS Fin.Customer.Wesbanco S&T Banc. 
Rev Chg LTM24.5%5.9%5.9%38.3%21.7%8.1%14.9%
Rev Chg 3Y Avg11.4%8.0%3.5%16.2%22.6%0.8%9.7%
Rev Chg Q43.2%12.2%6.3%10.6%4.1%5.2%8.5%
QoQ Delta Rev Chg LTM10.3%3.0%1.6%2.4%1.0%1.3%2.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM25.4%31.2%26.6%42.0%36.9%35.3%33.3%
CFO/Rev 3Y Avg27.2%29.7%19.5%35.3%33.2%39.0%31.5%
FCF/Rev LTM22.0%30.2%25.6%25.3%35.6%34.4%27.9%
FCF/Rev 3Y Avg23.3%27.2%18.4%23.3%31.6%38.0%25.3%

Valuation

QNBCFULTWSFSCUBIWSBCSTBAMedian
NameQNB Fulton F.WSFS Fin.Customer.Wesbanco S&T Banc. 
Mkt Cap0.24.54.02.93.71.83.3
P/S3.53.33.63.13.54.43.5
P/Op Inc-------
P/EBIT-------
P/E17.411.412.19.810.312.911.7
P/CFO13.810.613.67.59.512.411.5
Total Yield8.2%11.9%9.3%10.2%13.5%10.7%10.5%
Dividend Yield2.4%3.2%1.0%0.0%3.8%2.9%2.7%
FCF Yield 3Y Avg9.9%9.1%5.9%7.4%9.3%10.4%9.2%
D/E0.60.40.10.80.60.20.5
Net D/E-0.7-0.5-0.4-0.90.3-0.5-0.5

Returns

QNBCFULTWSFSCUBIWSBCSTBAMedian
NameQNB Fulton F.WSFS Fin.Customer.Wesbanco S&T Banc. 
1M Rtn2.9%5.2%4.1%12.6%4.2%4.2%4.2%
3M Rtn7.6%-2.6%-2.9%2.9%-6.4%-0.8%-1.7%
6M Rtn8.5%11.6%10.3%8.4%15.4%16.0%11.0%
12M Rtn37.0%38.6%48.2%24.9%31.9%38.6%37.8%
3Y Rtn126.2%90.5%109.8%90.8%69.3%100.0%95.4%
1M Excs Rtn4.7%8.2%7.2%15.3%7.5%6.6%7.4%
3M Excs Rtn8.5%-1.1%-1.8%3.8%-5.5%1.6%0.3%
6M Excs Rtn3.7%6.9%5.5%3.6%10.6%11.2%6.2%
12M Excs Rtn23.4%27.4%38.2%12.6%20.7%27.8%25.4%
3Y Excs Rtn47.2%20.9%48.2%26.5%-1.3%36.8%31.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment5850455052
Total5850455052


Price Behavior

Price Behavior
Market Price$46.91 
Market Cap ($ Bil)0.2 
First Trading Date03/05/2013 
Distance from 52W High-1.2% 
   50 Days200 Days
DMA Price$45.69$42.25
DMA Trendupup
Distance from DMA2.7%11.0%
 3M1YR
Volatility10.3%11.9%
Downside Capture-18.78-6.19
Upside Capture33.3133.23
Correlation (S&P 500)3.9%16.1%
QNBC Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.160.180.100.050.150.01
Up Beta-0.28-0.350.090.070.270.01
Down Beta0.080.270.260.130.08-0.05
Up Capture53%42%26%10%25%6%
Bmk +ve Days12182862130427
Stock +ve Days1121324892193
Down Capture-2%-3%-28%-12%-11%-31%
Bmk -ve Days10253664121325
Stock -ve Days1121274277198

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QNBC
QNBC40.7%13.1%3.59-
Sector ETF (XLF)11.1%15.2%0.4721.0%
Equity (SPY)9.5%13.6%0.4122.2%
Gold (GLD)3.6%28.7%0.1115.5%
Commodities (DBC)37.7%21.2%1.40-18.3%
Real Estate (VNQ)12.0%14.2%0.55-0.0%
Bitcoin (BTCUSD)-20.8%43.3%-0.427.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QNBC
QNBC16.0%21.9%1.22-
Sector ETF (XLF)9.1%18.4%0.369.7%
Equity (SPY)11.3%17.3%0.488.2%
Gold (GLD)17.5%19.1%0.747.4%
Commodities (DBC)8.0%19.6%0.29-1.7%
Real Estate (VNQ)1.2%18.9%-0.057.0%
Bitcoin (BTCUSD)5.9%51.5%0.295.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QNBC
QNBC8.5%24.5%0.71-
Sector ETF (XLF)13.3%22.1%0.5412.5%
Equity (SPY)14.9%18.0%0.7012.3%
Gold (GLD)12.0%16.5%0.598.4%
Commodities (DBC)7.6%18.1%0.332.1%
Real Estate (VNQ)5.7%20.7%0.2310.7%
Bitcoin (BTCUSD)61.3%66.2%1.014.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 930202614.4%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity5.0 Mil
Short % of Basic Shares0.5%

Earnings Returns History

Updated 11/5/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/20261.6%1.8% 
7/28/2026-0.3%1.3%3.6%
4/28/20260.0%-0.2%-0.7%
1/27/20263.4%4.8%4.4%
10/28/20250.0%1.4%1.3%
7/22/20250.0%-0.1%0.7%
4/22/20250.4%2.2%1.9%
1/21/20250.0%-0.1%0.3%
...
SUMMARY STATS   
# Positive151014
# Negative7127
Median Positive0.0%1.6%1.4%
Median Negative-0.7%-0.9%-3.5%
Max Positive10.7%11.1%13.0%
Max Negative-4.5%-7.9%-7.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/20261.6%1.8% 
7/28/2026-0.3%1.3%3.6%
4/28/20260.0%-0.2%-0.7%
1/27/20263.4%4.8%4.4%
10/28/20250.0%1.4%1.3%
7/22/20250.0%-0.1%0.7%
4/22/20250.4%2.2%1.9%
1/21/20250.0%-0.1%0.3%
10/22/20241.1%2.5%9.0%
4/23/2024-0.6%-0.7%-1.1%
1/23/20240.0%-1.7%-7.4%
10/24/2023-0.1%-2.5%-3.3%
4/25/2023-3.0%-7.9%-5.0%
1/24/202310.7%11.1%13.0%
10/25/20220.0%-0.4%0.0%
7/26/20220.0%-1.2%-3.5%
4/26/2022-1.3%-1.5%-7.3%
1/25/20220.0%0.1%0.4%
10/26/20211.1%0.4%0.8%
7/27/2021-0.7%0.5%1.9%
4/27/20210.0%-0.7%1.4%
1/26/2021-4.5%-3.0%1.5%
SUMMARY STATS   
# Positive151014
# Negative7127
Median Positive0.0%1.6%1.4%
Median Negative-0.7%-0.9%-3.5%
Max Positive10.7%11.1%13.0%
Max Negative-4.5%-7.9%-7.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/05/202610-Q
12/31/202503/16/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202505/06/202510-Q
12/31/202403/18/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/10/202310-Q
12/31/202203/14/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/05/202610-Q
12/31/202503/16/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202505/06/202510-Q
12/31/202403/18/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/10/202310-Q
12/31/202203/14/202310-K
09/30/202211/09/202210-Q
06/30/202208/05/202210-Q
03/31/202205/09/202210-Q
12/31/202103/14/202210-K
09/30/202111/15/202110-Q
06/30/202108/09/202110-Q
03/31/202105/07/202110-Q
12/31/202003/11/202110-K
09/30/202011/05/202010-Q
06/30/202008/07/202010-Q
03/31/202005/07/202010-Q
12/31/201903/13/202010-K
09/30/201911/06/201910-Q

Insider Activity

Updated 9/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bimes, Randy S DirectBuy929202645.3022110,00012,171,373Form
2Bayles, Autumn R DirectBuy701202643.852199,603143,995Form
3Bimes, Randy S DirectBuy331202638.0326310,00010,127,362Form
4Orzehoski, Scott GEVP, Chief Lending OfficerDirectSell203202638.2830011,484599,733Form
5Stevenson, Scott R DirectBuy106202634.972749,58281,887Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bimes, Randy S DirectBuy929202645.3022110,00012,171,373Form
2Bayles, Autumn R DirectBuy701202643.852199,603143,995Form
3Bimes, Randy S DirectBuy331202638.0326310,00010,127,362Form
4Orzehoski, Scott GEVP, Chief Lending OfficerDirectSell203202638.2830011,484599,733Form
5Stevenson, Scott R DirectBuy106202634.972749,58281,887Form
6Stauffer, W Randall DirectBuy106202634.972749,5821,918,382Form
7Ray-Chaudhuri, Ranajoy DirectBuy106202634.972749,58268,996Form
8Mann, Jennifer L DirectBuy106202634.972749,582360,534Form
9Gorski, Gerald E DirectBuy106202634.972749,58229,585Form
10Brown, Kenneth F JR DirectBuy106202634.972749,5825,290,017Form
11Bimes, Randy S DirectBuy106202634.972749,5829,268,956Form
12Bergman, Laurie DirectBuy106202634.972749,58268,996Form
13Bayles, Autumn R DirectBuy106202634.972749,582105,147Form
14Bimes, Randy S DirectBuy1230202534.9128610,0009,243,488Form
15Bimes, Randy S DirectBuy1124202535.101,98569,6749,247,768Form
16Bimes, Randy S DirectBuy1119202535.101003,5109,178,095Form
17Bimes, Randy S DirectBuy1117202535.0091532,0259,148,447Form
18Bimes, Randy S DirectBuy1001202535.4728210,0009,238,842Form
Core Cache Last Updated: 11/5/2026