QNB Corp. sells $254M in securities in portfolio repositioning
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QNB Corp. Announces the Execution of a Strategic Repositioning
September 8, 2026 8:00 AM EDTQuakertown, PA, Sept. 08, 2026 (GLOBE NEWSWIRE) -- QNB Corp. (NASDAQ: QNBC) (the Company), parent company of QNB Bank (the Bank), today announced the execution of a strategic repositioning of a portion of its available for sale (AFS) securities portfolio. The Company sold $254.4 million in book value of AFS securities with a weighted-average yield of 1.59%, representing approximately 46.8% of the total securities portfolio.  The Company also unwound $162.0 million in notional amount of pay-fixed swaps. The Company estimates the AFS sales and swaps unwind will result in a net pre-tax loss of approximately $26.2 million, which will be included in the Companys... More
