QNB Corp. Completes Asset Acquisition/Disposition
Ticker: QNBC · Form: 8-K · Filed: Jul 23, 2024 · CIK: 750558
| Field | Detail |
|---|---|
| Company | Qnb CORP (QNBC) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, disposition, assets, 8-K
TL;DR
QNB Corp. just filed an 8-K on asset acquisition/disposition. Big moves happening.
AI Summary
On July 23, 2024, QNB Corp. filed an 8-K report detailing the completion of an acquisition or disposition of assets. The filing indicates that the company is a commercial bank incorporated in Pennsylvania with its principal executive offices located at 15 North Third Street, Quakertown, PA.
Why It Matters
This filing signals a significant corporate action for QNB Corp., potentially impacting its asset base, market position, and future financial performance.
Risk Assessment
Risk Level: medium — Acquisitions and dispositions of assets can introduce significant financial and operational risks, depending on the nature and scale of the transaction.
Key Numbers
- 0-17706 — SEC File Number (Identifies the specific SEC filing for QNB Corp.)
- 23-2318082 — IRS Employer Identification No. (Tax identification number for QNB Corp.)
Key Players & Entities
- QNB Corp. (company) — Registrant
- July 23, 2024 (date) — Date of report
- Pennsylvania (location) — State of incorporation
- 15 North Third Street, Quakertown, PA (location) — Principal executive offices
- 6022 (other) — Standard Industrial Classification Code for Commercial Banks
FAQ
What specific assets were acquired or disposed of by QNB Corp.?
The filing does not specify the exact assets involved in the acquisition or disposition, only that such an event has occurred.
What was the financial value of the transaction?
The filing does not disclose the dollar amount of the acquisition or disposition.
When did the acquisition or disposition officially close?
The report is dated July 23, 2024, indicating the event was reported as of this date.
Are there any specific parties involved in this transaction with QNB Corp.?
The filing does not name any other parties involved in the asset acquisition or disposition.
Does this transaction require the filing of financial statements or exhibits?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item of information, indicating they are included or will be provided.
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-07-23 14:13:18
Filing Documents
- qnbc-20240723.htm (8-K) — 48KB
- qnbc-ex99_1.htm (EX-99.1) — 810KB
- img160341895_0.jpg (GRAPHIC) — 22KB
- 0000950170-24-085535.txt ( ) — 1033KB
- qnbc-20240723.xsd (EX-101.SCH) — 27KB
- qnbc-20240723_htm.xml (XML) — 5KB
02
Item 2.02 Results of Operations and Financial Condition On July 23, 2024, QNB Corp. announced its consolidated financial results for the second quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included in this Item, as well as Exhibit 99.1, referenced herein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 unless specifically incorporated in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits The following exhibits are filed herewith: Exhibit No. Description D 99.1 News release disseminated on July 23, 2024 by QNB Corp . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. QNB Corp. By: /s/ Jeffrey Lehocky Jeffrey Lehocky Chief Financial Officer Dated: July 23, 2024