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): $46.89Market Cap: $291.2 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -73% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% Attractive cash flow generationCFO/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 volatilityVol 12M is 12% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Community Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. | Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% | Key risksQNBC key risks include [1] execution risk from its ongoing balance sheet restructuring and [2] potential shareholder dilution from a recent public offering. |
| Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -73% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% |
| Attractive cash flow generationCFO/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 volatilityVol 12M is 12% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Community Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% |
| Key risksQNBC key risks include [1] execution risk from its ongoing balance sheet restructuring and [2] potential shareholder dilution from a recent public offering. |
Qualitative Assessment
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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.
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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 $48.3 million in net proceeds to shareholders' equity. This uplisting from OTCQX to NASDAQ is expected to enhance the company's visibility, improve trading liquidity, and strengthen its capital position.
4. Positive Analyst Sentiment. Analyst sentiment for QNBC improved during the period, with Brean Capital initiating coverage with a "Buy" rating on October 14, 2026, citing improving profitability. MarketBeat also assigned QNB an overall "Moderate Buy" rating. Such positive analyst coverage and upgrades can significantly influence investor perception and drive buying activity.
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Stock Movement Drivers
Fundamental Drivers
The 9.1% change in QNBC stock from 7/31/2026 to 11/5/2026 was primarily driven by a 53.4% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.01 | 46.91 | 9.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 60 | 66 | 10.3% |
| Net Income Margin (%) | 23.8% | 20.3% | -14.9% |
| P/E Multiple | 11.3 | 17.4 | 53.4% |
| Shares Outstanding (Mil) | 4 | 5 | -24.3% |
| Cumulative Contribution | 9.1% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| QNBC | 9.1% | |
| 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) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.38 | 46.91 | 8.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 58 | 66 | 13.7% |
| Net Income Margin (%) | 24.2% | 20.3% | -16.3% |
| P/E Multiple | 11.5 | 17.4 | 51.3% |
| Shares Outstanding (Mil) | 4 | 5 | -24.9% |
| Cumulative Contribution | 8.1% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| QNBC | 8.1% | |
| 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) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.25 | 46.91 | 36.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 53 | 66 | 24.5% |
| Net Income Margin (%) | 24.2% | 20.3% | -16.2% |
| P/E Multiple | 9.9 | 17.4 | 75.7% |
| Shares Outstanding (Mil) | 4 | 5 | -25.3% |
| Cumulative Contribution | 36.9% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| QNBC | 36.9% | |
| 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) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.35 | 46.91 | 130.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 49 | 66 | 35.9% |
| Net Income Margin (%) | 30.5% | 20.3% | -33.6% |
| P/E Multiple | 4.9 | 17.4 | 252.9% |
| Shares Outstanding (Mil) | 4 | 5 | -27.6% |
| Cumulative Contribution | 130.6% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| QNBC | 130.6% | |
| Market (SPY) | 81.3% | 2.4% |
| Sector (XLF) | 85.5% | 3.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| QNBC Return | 16% | -23% | 3% | 33% | 5% | 38% | 77% |
| Peers Return | 73% | -8% | 20% | 10% | 15% | 28% | 208% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| QNBC Win Rate | 83% | 25% | 42% | 42% | 50% | 64% | |
| Peers Win Rate | 68% | 43% | 53% | 47% | 55% | 64% | |
| S&P 500 Win Rate | 75% | 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
| Event | QNBC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.6% | -6.7% |
| % Gain to Breakeven | 40.0% | 7.1% |
| Time to Breakeven | 408 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.0% | -24.5% |
| % Gain to Breakeven | 31.6% | 32.4% |
| Time to Breakeven | 869 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -24.1% | -33.7% |
| % Gain to Breakeven | 31.7% | 50.9% |
| Time to Breakeven | 380 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.4% | 23.8% |
| Time to Breakeven | 2583 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -11.2% | -17.9% |
| % Gain to Breakeven | 12.6% | 21.8% |
| Time to Breakeven | 150 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -29.2% | -53.4% |
| % Gain to Breakeven | 41.2% | 114.4% |
| Time to Breakeven | 653 days | 1085 days |
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
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| Event | QNBC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.6% | -6.7% |
| % Gain to Breakeven | 40.0% | 7.1% |
| Time to Breakeven | 408 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.0% | -24.5% |
| % Gain to Breakeven | 31.6% | 32.4% |
| Time to Breakeven | 869 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -24.1% | -33.7% |
| % Gain to Breakeven | 31.7% | 50.9% |
| Time to Breakeven | 380 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.4% | 23.8% |
| Time to Breakeven | 2583 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -29.2% | -53.4% |
| % Gain to Breakeven | 41.2% | 114.4% |
| Time to Breakeven | 653 days | 1085 days |
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.
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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.
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- 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.
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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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Key Risks to QNB Corp. (QNBC)
- 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.
- 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.
- 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.
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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.
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
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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
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 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 |
| Industry | Names | 1Y med | 3Y med | 5Y 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% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.88 |
| Mkt Cap | 3.3 |
| Rev LTM | 985 |
| Op Inc LTM | - |
| FCF LTM | 258 |
| FCF 3Y Avg | 186 |
| CFO LTM | 339 |
| CFO 3Y Avg | 239 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.9% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 8.5% |
| QoQ Delta Rev Chg LTM | 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 LTM | 33.3% |
| CFO/Rev 3Y Avg | 31.5% |
| FCF/Rev LTM | 27.9% |
| FCF/Rev 3Y Avg | 25.3% |
Price Behavior
| Market Price | $46.91 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/05/2013 | |
| Distance from 52W High | -1.2% | |
| 50 Days | 200 Days | |
| DMA Price | $45.69 | $42.25 |
| DMA Trend | up | up |
| Distance from DMA | 2.7% | 11.0% |
| 3M | 1YR | |
| Volatility | 10.3% | 11.9% |
| Downside Capture | -18.78 | -6.19 |
| Upside Capture | 33.31 | 33.23 |
| Correlation (S&P 500) | 3.9% | 16.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.16 | 0.18 | 0.10 | 0.05 | 0.15 | 0.01 |
| Up Beta | -0.28 | -0.35 | 0.09 | 0.07 | 0.27 | 0.01 |
| Down Beta | 0.08 | 0.27 | 0.26 | 0.13 | 0.08 | -0.05 |
| Up Capture | 53% | 42% | 26% | 10% | 25% | 6% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 11 | 21 | 32 | 48 | 92 | 193 |
| Down Capture | -2% | -3% | -28% | -12% | -11% | -31% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 11 | 21 | 27 | 42 | 77 | 198 |
[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 | |
|---|---|---|---|---|
| QNBC | 40.7% | 13.1% | 3.59 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 21.0% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 22.2% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 15.5% |
| 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% | -0.42 | 7.8% |
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 | |
|---|---|---|---|---|
| QNBC | 16.0% | 21.9% | 1.22 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 9.7% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 8.2% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 7.4% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -1.7% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 7.0% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 5.4% |
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 | |
|---|---|---|---|---|
| QNBC | 8.5% | 24.5% | 0.71 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 12.5% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 12.3% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 8.4% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 2.1% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 10.7% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 4.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 1.6% | 1.8% | |
| 7/28/2026 | -0.3% | 1.3% | 3.6% |
| 4/28/2026 | 0.0% | -0.2% | -0.7% |
| 1/27/2026 | 3.4% | 4.8% | 4.4% |
| 10/28/2025 | 0.0% | 1.4% | 1.3% |
| 7/22/2025 | 0.0% | -0.1% | 0.7% |
| 4/22/2025 | 0.4% | 2.2% | 1.9% |
| 1/21/2025 | 0.0% | -0.1% | 0.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 10 | 14 |
| # Negative | 7 | 12 | 7 |
| Median Positive | 0.0% | 1.6% | 1.4% |
| Median Negative | -0.7% | -0.9% | -3.5% |
| Max Positive | 10.7% | 11.1% | 13.0% |
| Max Negative | -4.5% | -7.9% | -7.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 1.6% | 1.8% | |
| 7/28/2026 | -0.3% | 1.3% | 3.6% |
| 4/28/2026 | 0.0% | -0.2% | -0.7% |
| 1/27/2026 | 3.4% | 4.8% | 4.4% |
| 10/28/2025 | 0.0% | 1.4% | 1.3% |
| 7/22/2025 | 0.0% | -0.1% | 0.7% |
| 4/22/2025 | 0.4% | 2.2% | 1.9% |
| 1/21/2025 | 0.0% | -0.1% | 0.3% |
| 10/22/2024 | 1.1% | 2.5% | 9.0% |
| 4/23/2024 | -0.6% | -0.7% | -1.1% |
| 1/23/2024 | 0.0% | -1.7% | -7.4% |
| 10/24/2023 | -0.1% | -2.5% | -3.3% |
| 4/25/2023 | -3.0% | -7.9% | -5.0% |
| 1/24/2023 | 10.7% | 11.1% | 13.0% |
| 10/25/2022 | 0.0% | -0.4% | 0.0% |
| 7/26/2022 | 0.0% | -1.2% | -3.5% |
| 4/26/2022 | -1.3% | -1.5% | -7.3% |
| 1/25/2022 | 0.0% | 0.1% | 0.4% |
| 10/26/2021 | 1.1% | 0.4% | 0.8% |
| 7/27/2021 | -0.7% | 0.5% | 1.9% |
| 4/27/2021 | 0.0% | -0.7% | 1.4% |
| 1/26/2021 | -4.5% | -3.0% | 1.5% |
| SUMMARY STATS | |||
| # Positive | 15 | 10 | 14 |
| # Negative | 7 | 12 | 7 |
| Median Positive | 0.0% | 1.6% | 1.4% |
| Median Negative | -0.7% | -0.9% | -3.5% |
| Max Positive | 10.7% | 11.1% | 13.0% |
| Max Negative | -4.5% | -7.9% | -7.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/11/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Insider Activity
Updated 9/29/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bimes, Randy S | Direct | Buy | 9292026 | 45.30 | 221 | 10,000 | 12,171,373 | Form | |
| 2 | Bayles, Autumn R | Direct | Buy | 7012026 | 43.85 | 219 | 9,603 | 143,995 | Form | |
| 3 | Bimes, Randy S | Direct | Buy | 3312026 | 38.03 | 263 | 10,000 | 10,127,362 | Form | |
| 4 | Orzehoski, Scott G | EVP, Chief Lending Officer | Direct | Sell | 2032026 | 38.28 | 300 | 11,484 | 599,733 | Form |
| 5 | Stevenson, Scott R | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 81,887 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bimes, Randy S | Direct | Buy | 9292026 | 45.30 | 221 | 10,000 | 12,171,373 | Form | |
| 2 | Bayles, Autumn R | Direct | Buy | 7012026 | 43.85 | 219 | 9,603 | 143,995 | Form | |
| 3 | Bimes, Randy S | Direct | Buy | 3312026 | 38.03 | 263 | 10,000 | 10,127,362 | Form | |
| 4 | Orzehoski, Scott G | EVP, Chief Lending Officer | Direct | Sell | 2032026 | 38.28 | 300 | 11,484 | 599,733 | Form |
| 5 | Stevenson, Scott R | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 81,887 | Form | |
| 6 | Stauffer, W Randall | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 1,918,382 | Form | |
| 7 | Ray-Chaudhuri, Ranajoy | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 68,996 | Form | |
| 8 | Mann, Jennifer L | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 360,534 | Form | |
| 9 | Gorski, Gerald E | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 29,585 | Form | |
| 10 | Brown, Kenneth F JR | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 5,290,017 | Form | |
| 11 | Bimes, Randy S | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 9,268,956 | Form | |
| 12 | Bergman, Laurie | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 68,996 | Form | |
| 13 | Bayles, Autumn R | Direct | Buy | 1062026 | 34.97 | 274 | 9,582 | 105,147 | Form | |
| 14 | Bimes, Randy S | Direct | Buy | 12302025 | 34.91 | 286 | 10,000 | 9,243,488 | Form | |
| 15 | Bimes, Randy S | Direct | Buy | 11242025 | 35.10 | 1,985 | 69,674 | 9,247,768 | Form | |
| 16 | Bimes, Randy S | Direct | Buy | 11192025 | 35.10 | 100 | 3,510 | 9,178,095 | Form | |
| 17 | Bimes, Randy S | Direct | Buy | 11172025 | 35.00 | 915 | 32,025 | 9,148,447 | Form | |
| 18 | Bimes, Randy S | Direct | Buy | 10012025 | 35.47 | 282 | 10,000 | 9,238,842 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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