Quakertown, PA and Limerick, PA, Feb. 25, 2026 (GLOBE NEWSWIRE) -- QNB Corp. ("QNB" or the "Company") (OTCQX: QNBC), the holding company for QNB Bank, and The Victory Bancorp, Inc. ("Victory") (OTCQX: VTYB), the holding company for The Victory Bank, today jointly announced that they have received all required regulatory approvals to complete their previously announced merger transaction (the “Merger”). The transaction, initially announced on September 23, 2025, is expected to close during the second quarter ...

Core Viewpoint - QNB Corp. has declared a quarterly cash dividend of $0.39 per share, reflecting its ongoing commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors of QNB Corp. declared a quarterly cash dividend of $0.39 per share [1]. - The cash dividend is scheduled to be payable on March 27, 2026, to shareholders of record as of March 13, 2026 [1]. Group 2: Company Overview - QNB Corp. operates through its subsidiary, QNB Bank, providing commercial and retail banking services across twelve banking offices located in Bucks, Montgomery, and Lehigh Counties [2]. - The stock of QNB Corp. is traded in the over-the-counter QX market under the symbol "QNBC" [2].

Core Insights - Seacoast Banking Corporation of Florida reported strong financial performance in Q4 2025, highlighting significant loan growth and improved efficiency metrics [6][5][4] Financial Performance - Net interest income reached $174.6 million, a 31% increase from the previous quarter, with net interest margin expanding to 3.44% [1] - Adjusted net income rose 18% year-over-year to $47.7 million, with adjusted pre-tax, pre-provision earnings increasing 39% from the previous quarter [4] - Non-interest income was $28.6 million, up 20% from the prior quarter, driven by stronger fee revenue and mortgage banking activity [9] Loan and Deposit Growth - Organic loan growth was reported at 15% annualized, with commercial production increasing by 22% from the prior quarter [2] - Total deposits increased to $16.3 billion, with deposit costs declining to 1.67% [7] Efficiency and Capital Strength - The adjusted efficiency ratio improved to below 55%, reflecting effective cost management [3] - Tier 1 capital ratio was reported at 14.4%, indicating strong capital levels [14] Wealth Management and Future Outlook - Wealth management income increased by 21% from the prior quarter, with total assets under management growing 37% year-over-year [10] - For 2026, the company anticipates earnings per share between $2.48 and $2.52, with expected adjusted revenue growth of 29% to 31% [17][18]

Core Insights - Primis Financial reported a fourth-quarter net interest income of approximately $31 million, an increase from $26 million year-over-year, with a net interest margin (NIM) of 3.28%, up from 2.90% a year earlier [2][4] - The company anticipates further margin improvements in 2026 due to an investment portfolio restructuring and the redemption of $27 million in subordinated debt, which could have increased NIM by about 11 basis points if fully implemented in Q4 [1][6] - Management projects run-rate earnings of roughly $8 million per quarter, equating to an 80-basis-point return on assets (ROA) on approximately $4 billion of average assets, with a target of achieving a 1% ROA in 2026 [3][19] Financial Performance - The fourth-quarter earnings per share (EPS) were reported at $1.20, driven by a substantial gain from a sale-leaseback transaction [4][6] - The company experienced a 10% annualized increase in gross loans held for investment from September 30 to December 31, with average earning assets rising 13% annualized in Q4 [6][8] - Non-interest-bearing deposits improved to 16% of total deposits by the end of 2025, up from 14% at the end of 2024, indicating a positive shift in deposit mix [7][9] Growth Drivers - Primis plans to scale its mortgage warehouse from approximately $175 million to around $500 million in 2026, with retail mortgage production targeted between $1.6 billion and $2 billion [5][11] - The mortgage warehouse business is expected to generate over 2% ROA, contributing positively to overall earnings as it scales [12][14] - Retail mortgage closed loans increased to approximately $1.2 billion in 2025, a 50% increase from 2024, with expectations for continued growth in 2026 [13][14] Expense Management - The company has controlled operating expenses, targeting a go-forward level of approximately $22 million, with expectations to maintain this as revenue grows [15][17] - Core expenses, excluding volatility from the mortgage and Panacea divisions, were approximately $28 million, with management aiming for a normalized level of $21 million [16][17] - The provision for credit losses was reported at $2.4 million, reflecting loan growth and specific reserving for impaired loans [18] Strategic Outlook - Management emphasized the importance of operational leverage and expects stronger performance in the second half of 2026, despite potential seasonality affecting the first quarter [19] - The company believes it has the capital and fundamentals necessary to pursue its goals, entering 2026 with positive momentum from recent restructuring efforts [19]

Core Viewpoint - QNB Corp. reported significant growth in net income for the fourth quarter and the full year of 2025, driven by increased net interest income and a pending merger with Victory Bancorp, which is expected to enhance shareholder value and community impact [1][2][6]. Financial Performance - QNB Corp. reported a net income of $3,981,000 or $1.06 per share for Q4 2025, up from $3,051,000 or $0.83 per share in Q4 2024, representing a 30.4% increase in net income year-over-year [1]. - For the full year 2025, net income reached $14,090,000 or $3.78 per share, compared to $11,448,000 or $3.12 per share in 2024, marking a 22.7% increase [1]. - Adjusted diluted earnings per share, excluding merger-related costs, were $1.22 for Q4 2025 and $4.08 for the full year [1]. Asset and Loan Growth - Total assets as of December 31, 2025, were $1,906,005,000, an increase from $1,870,894,000 in 2024 [5]. - Loans receivable increased by $46,026,000 or 3.8% to $1,262,074,000 [5]. - Total deposits rose by $13,970,000 or 0.9% to $1,642,511,000 [5]. Interest Income and Margin - Net interest income for Q4 2025 was $14,042,000, an increase of $3,067,000 from Q4 2024 [7]. - The net interest margin improved to 2.95% in Q4 2025 from 2.38% in Q4 2024 [7]. - The yield on earning assets increased to 4.98% in Q4 2025, up from 4.78% in Q4 2024 [8]. Non-Interest Income - Total non-interest income for Q4 2025 was $1,874,000, compared to $1,645,000 in Q4 2024, reflecting a 13.9% increase [14]. - For the full year, non-interest income was $6,957,000, a slight increase from $6,913,000 in 2024 [16]. Non-Interest Expense - Total non-interest expense for Q4 2025 was $10,694,000, up from $9,081,000 in Q4 2024, with a notable increase in salaries and benefits [17][19]. - Excluding merger-related costs, non-interest expense increased by 10.9% for Q4 2025 compared to the same period in 2024 [17]. Merger with Victory Bancorp - QNB Corp. announced a definitive agreement to acquire Victory Bancorp in an all-stock transaction, expected to close in Q2 2026, creating a bank holding company with nearly $2.4 billion in assets [2]. - Post-merger, the ownership split is projected to be approximately 77.2% for QNB and 22.8% for Victory [2].

Core Insights - Old Second Bancorp reported strong fourth-quarter performance with a tax-equivalent net interest margin of 5.09%, an increase of 41 basis points year-over-year and 4 basis points from the previous quarter [1] - The company achieved a return on assets (ROA) of 1.64% and a return on average tangible common equity (ROCCE) of 16.15%, with earnings per share up approximately 30% compared to the previous year [2][4] - The net income for the fourth quarter was reported at $28.8 million, or $0.54 per diluted share, with adjustments leading to a net income of $30.8 million, or $0.58 per diluted share [3][6] Financial Performance - The company experienced a decline in deposit costs, with the total cost of deposits falling to 1.15% from 1.33% in the prior quarter, contributing to the strong net interest margin [7] - Non-interest income decreased slightly from the prior quarter but was higher than the year-ago quarter, driven by increases in wealth management fees and service charges [18] - Total non-interest expense declined by $10.2 million from the prior quarter, including a significant decrease in acquisition-related costs [21] Loan and Deposit Trends - Old Second's loan-to-deposit ratio increased to 93.9%, up from 91.4% in the prior quarter, although total loans decreased by $12.4 million [10] - Average loans increased by $60 million, or 1.2%, from the linked quarter, while average deposits declined by approximately $200 million [11] - The company is targeting mid-single-digit loan growth for 2026 despite expected continued runoff in certain commercial real estate participations [5][13] Credit Quality and Charge-offs - The company recorded $6 million in net loan charge-offs during the fourth quarter, with approximately 75% attributed to the power sports and owner-occupied commercial real estate portfolios [14][16] - Non-performing loans increased by $4.8 million, and classified assets rose by $10 million during the quarter [14] - Management expects elevated charge-offs in the power sports segment in the near term due to a higher interest-rate environment, but remains optimistic about the contribution margin in that portfolio [15][16] Capital and Future Outlook - Tangible book value per share increased to $14.12, and the tangible equity ratio rose to 11.02% at year-end [23] - The company anticipates expense growth of around 3% in 2026, moderated by realized cost savings, while also planning for potential share repurchases [22][24] - Management expressed confidence in the integration of Evergreen and aims to drive organic balance sheet growth [24]

Core Viewpoint - Home BancShares, Inc. has declared a quarterly cash dividend of $0.21 per share, consistent with the previous quarter's dividend [1] Company Overview - Home BancShares, Inc. is a bank holding company based in Conway, Arkansas, with its subsidiary, Centennial Bank, offering a wide range of commercial and retail banking services [2] - Centennial Bank operates branches in Arkansas, Florida, Texas, South Alabama, and New York City [2] - The company's common stock is traded on the New York Stock Exchange under the symbol "HOMB" [2]

Core Insights - ServisFirst Bancshares, Inc. (SFBS) has reported significant financial growth for the fourth quarter of 2025, with notable increases in earnings and revenue [1] Financial Performance - The earnings per share (EPS) for SFBS was $1.58, exceeding the expected $1.38, representing a 33% increase from the same period in 2024 and a 32% rise from the third quarter of 2025 [2][6] - Annual diluted EPS reached $5.06, indicating a 22% increase compared to 2024, while adjusted diluted EPS rose by 26% to $5.25 [2] - Revenue was approximately $162.2 million, surpassing the estimated $154.7 million, with a price-to-sales ratio of about 4.17 [3][6] Efficiency and Margins - The net interest margin improved to 3.38%, which is 42 basis points higher than the fourth quarter of 2024 and 29 basis points above the third quarter of 2025 [4] - The efficiency ratio decreased significantly to 29%, down from 36% in the fourth quarter of 2024 and 35% in the third quarter of 2025 [4][6] Financial Ratios - The company has a moderate debt-to-equity ratio of approximately 0.87, but faces potential liquidity concerns with a current ratio of around 0.11 [5] - The earnings yield is about 6.12%, providing insight into the return on investment [5] - The cost of interest-bearing deposits decreased by 62 basis points from the fourth quarter of 2024, now standing at 3.01% [5]

Core Viewpoint - M&T Bank Corporation is experiencing a positive sentiment among analysts, reflected in the gradual increase of its consensus price target over the past year, indicating optimism about its future performance [2][6]. Financial Performance - M&T Bank reported a quarterly net income of $759 million, equating to diluted earnings per share of $4.67. For the full year of 2025, the bank achieved a net income of $2.85 billion, with diluted earnings per share of $17.00, showcasing strong financial metrics [3][6]. Price Target Insights - The average price target for M&T Bank has risen to $233, up from $227.67 last quarter and $227 last year, suggesting analysts' increasing confidence in the bank's performance [2][6]. - Wells Fargo has set a more conservative price target of $195 for M&T Bank, indicating a cautious outlook compared to the consensus [4]. Growth Potential - M&T Bank is expected to benefit from higher net interest income and loan growth, which could enhance its earnings potential [5][6]. - The bank's strong track record of exceeding earnings expectations and effective strategies may lead to an earnings beat in its upcoming report [4].

Core Viewpoint - Glen Burnie Bancorp has announced the voluntary delisting of its common stock from Nasdaq and the subsequent deregistration with the SEC to terminate its reporting obligations under the Exchange Act [1][2][5]. Delisting and Deregistration Process - Bancorp intends to file a Form 25 with the SEC around December 22, 2025, with the delisting from Nasdaq expected to take effect on January 1, 2026, 10 days after the filing [2]. - Following the delisting, Bancorp plans to file a Form 15 with the SEC on or about January 2, 2026, certifying it has fewer than 1,200 shareholders, which will suspend its filing obligations under the Exchange Act [4]. Rationale for Delisting - The Board believes that the burdens of operating as a registered public company outweigh the benefits, citing factors such as potential non-compliance with Nasdaq's listing requirements, lack of research coverage, and the significant costs associated with being a public company [5]. - The decision aims to redirect financial and management resources to a broader range of business opportunities [5]. Future Trading Plans - Bancorp intends to provide liquidity to its stockholders by facilitating trading on the OTCQX platform, although there is no guarantee that a broker will continue to make a market in its common stock [3][6].