QNB Corp
QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates o… Read more
QNB Corp (QNBC) - Net Assets
Latest net assets as of September 2024: $105.34 Million USD
Based on the latest financial reports, QNB Corp (QNBC) has net assets worth $105.34 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.84 Billion) and total liabilities ($1.74 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $105.34 Million |
| % of Total Assets | 5.72% |
| Annual Growth Rate | -3.98% |
| 5-Year Change | -92.23% |
| 10-Year Change | 5.18% |
| Growth Volatility | 194.84 |
QNB Corp - Net Assets Trend (1996–2023)
This chart illustrates how QNB Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for QNB Corp (1996–2023)
The table below shows the annual net assets of QNB Corp from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $90.82 Million | +28.00% |
| 2022-12-31 | $70.96 Million | -48.01% |
| 2021-12-31 | $136.49 Million | +1.52% |
| 2020-12-31 | $134.44 Million | -88.49% |
| 2019-12-31 | $1.17 Billion | +1019.51% |
| 2018-12-31 | $104.35 Million | +5.86% |
| 2017-12-31 | $98.57 Million | +5.35% |
| 2016-12-31 | $93.57 Million | +3.45% |
| 2015-12-31 | $90.44 Million | +4.74% |
| 2014-12-31 | $86.35 Million | +14.19% |
| 2013-12-31 | $75.62 Million | -2.57% |
| 2012-12-31 | $77.62 Million | +9.57% |
| 2011-12-31 | $70.84 Million | +15.96% |
| 2010-12-31 | $61.09 Million | +8.27% |
| 2009-12-31 | $56.43 Million | +4.67% |
| 2008-12-31 | $53.91 Million | +1.24% |
| 2007-12-31 | $53.25 Million | +5.64% |
| 2006-12-31 | $50.41 Million | +8.26% |
| 2005-12-31 | $46.56 Million | +1.72% |
| 2004-12-31 | $45.77 Million | +5.38% |
| 2003-12-31 | $43.44 Million | +6.17% |
| 2002-12-31 | $40.91 Million | +16.17% |
| 2001-12-31 | $35.22 Million | +10.77% |
| 2000-12-31 | $31.79 Million | +15.61% |
| 1999-12-31 | $27.50 Million | -91.13% |
| 1998-12-31 | $310.18 Million | +4.99% |
| 1997-12-31 | $295.43 Million | +8.71% |
| 1996-12-31 | $271.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to QNB Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 918527.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $133.94 Million | 147.48% |
| Common Stock | $2.41 Million | 2.66% |
| Other Comprehensive Income | $-67.94 Million | -74.80% |
| Other Components | $22.40 Million | 24.67% |
| Total Equity | $90.82 Million | 100.00% |
QNB Corp Competitors by Market Cap
The table below lists competitors of QNB Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Sentai WPC Group Share Co. Ltd.
SHE:301429
|
$91.02 Million |
|
Thai Stanley Electric Public Company Limited
BK:STANLY
|
$91.03 Million |
|
Kss Line
KO:044450
|
$91.07 Million |
|
Solux Co. Ltd
KQ:290690
|
$91.09 Million |
|
Shun Tak Holdings Limited
PINK:SHTGF
|
$91.01 Million |
|
Gmt Global Inc.
TWO:4573
|
$90.99 Million |
|
Maha Energy AB (publ)
ST:MAHA-A
|
$90.94 Million |
|
Great China Metal Industry Co Ltd
TW:9905
|
$90.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QNB Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 70,958,000 to 90,824,000, a change of 19,866,000 (28.0%).
- Net income of 9,483,000 contributed positively to equity growth.
- Dividend payments of 4,671,000 reduced retained earnings.
- New share issuances of 818,000 increased equity.
- Other comprehensive income increased equity by 13,190,000.
- Other factors increased equity by 1,046,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.48 Million | +10.44% |
| Dividends Paid | $4.67 Million | -5.14% |
| Share Issuances | $818.00K | +0.9% |
| Other Comprehensive Income | $13.19 Million | +14.52% |
| Other Changes | $1.05 Million | +1.15% |
| Total Change | $- | 28.00% |
Book Value vs Market Value Analysis
This analysis compares QNB Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5325.49x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.01 | $35.39 | x |
| 1996-12-31 | $7.25 | $35.39 | x |
| 1997-12-31 | $8.16 | $35.39 | x |
| 1998-12-31 | $8.91 | $35.39 | x |
| 1999-12-31 | $8.65 | $35.39 | x |
| 2000-12-31 | $10.11 | $35.39 | x |
| 2001-12-31 | $11.39 | $35.39 | x |
| 2002-12-31 | $13.17 | $35.39 | x |
| 2003-12-31 | $13.77 | $35.39 | x |
| 2004-12-31 | $14.39 | $35.39 | x |
| 2005-12-31 | $14.67 | $35.39 | x |
| 2006-12-31 | $15.90 | $35.39 | x |
| 2007-12-31 | $16.78 | $35.39 | x |
| 2008-12-31 | $17.05 | $35.39 | x |
| 2009-12-31 | $18.18 | $35.39 | x |
| 2010-12-31 | $19.61 | $35.39 | x |
| 2011-12-31 | $22.39 | $35.39 | x |
| 2012-12-31 | $24.18 | $35.39 | x |
| 2013-12-31 | $23.20 | $35.39 | x |
| 2014-12-31 | $26.15 | $35.39 | x |
| 2015-12-31 | $26.99 | $35.39 | x |
| 2016-12-31 | $27.55 | $35.39 | x |
| 2017-12-31 | $28.61 | $35.39 | x |
| 2018-12-31 | $29.96 | $35.39 | x |
| 2019-12-31 | $34.45 | $35.39 | x |
| 2020-12-31 | $38.01 | $35.39 | x |
| 2021-12-31 | $38.40 | $35.39 | x |
| 2022-12-31 | $19.91 | $35.39 | x |
| 2023-12-31 | $25.15 | $35.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QNB Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.69%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 18.79x
- Recent ROE (10.44%) is below the historical average (11.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 8.08% | 16870.00% | 0.00x | 1.00x | $-399.60 |
| 1996 | 12.30% | 124.49% | 0.01x | 12.31x | $523.50K |
| 1997 | 12.12% | 130.73% | 0.01x | 11.84x | $547.80K |
| 1998 | 12.17% | 130.26% | 0.01x | 11.46x | $614.20K |
| 1999 | 13.82% | 25.17% | 0.04x | 12.75x | $1.05 Million |
| 2000 | 12.91% | 26.48% | 0.04x | 11.69x | $926.60K |
| 2001 | 12.60% | 26.73% | 0.04x | 12.81x | $914.10K |
| 2002 | 12.11% | 27.37% | 0.04x | 12.30x | $863.60K |
| 2003 | 13.00% | 28.46% | 0.04x | 12.68x | $1.30 Million |
| 2004 | 13.55% | 29.89% | 0.04x | 12.75x | $1.63 Million |
| 2005 | 10.84% | 25.82% | 0.03x | 12.50x | $389.60K |
| 2006 | 10.75% | 27.06% | 0.03x | 12.19x | $379.00K |
| 2007 | 5.72% | 16.49% | 0.03x | 11.45x | $-2.28 Million |
| 2008 | 10.67% | 24.73% | 0.04x | 12.32x | $362.10K |
| 2009 | 7.49% | 15.59% | 0.04x | 13.51x | $-1.42 Million |
| 2010 | 11.81% | 23.61% | 0.04x | 13.25x | $1.11 Million |
| 2011 | 12.54% | 27.45% | 0.04x | 12.26x | $1.80 Million |
| 2012 | 11.82% | 28.40% | 0.04x | 11.85x | $1.41 Million |
| 2013 | 11.10% | 26.76% | 0.03x | 12.34x | $829.50K |
| 2014 | 10.42% | 27.54% | 0.03x | 11.32x | $362.60K |
| 2015 | 9.10% | 24.65% | 0.03x | 11.29x | $-811.30K |
| 2016 | 9.54% | 26.12% | 0.03x | 11.36x | $-432.70K |
| 2017 | 8.41% | 21.09% | 0.03x | 11.69x | $-1.57 Million |
| 2018 | 10.86% | 28.40% | 0.03x | 11.26x | $900.20K |
| 2019 | 10.24% | 27.70% | 0.04x | 10.15x | $285.30K |
| 2020 | 8.99% | 26.94% | 0.03x | 10.71x | $-1.36 Million |
| 2021 | 12.08% | 31.77% | 0.03x | 12.26x | $2.84 Million |
| 2022 | 22.44% | 31.70% | 0.03x | 23.51x | $8.83 Million |
| 2023 | 10.44% | 20.69% | 0.03x | 18.79x | $400.60K |
Industry Comparison
This section compares QNB Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QNB Corp (QNBC) | $105.34 Million | 8.08% | 16.48x | $91.01 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |