QNB Corp. raises expected offering proceeds to $48.3 million after full overallotment exercise

QNB Corp. said underwriters fully exercised their overallotment option in its public offering, purchasing 160,714 additional common shares at $42.00 each, less underwriting discounts and commissions. The company expects approximately $6.3 million in additional proceeds and total proceeds of about $48.3 million for the offering. Total shares sold reached 1,232,142. QNB Corp. plans to use net proceeds for general corporate purposes, including potentially restructuring its balance sheet, redeeming subordinated notes, funding loans, supporting capital ratios and continued growth. The overallotment closing is expected on or about August 21, 2026, subject to customary conditions.

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