QNB Corp. (NASDAQ: QNBC), the parent company of QNB Bank, announced that underwriters for its recent public offering of common stock exercised their overallotment option in full, adding 160,714 shares at $42.00 per share.

The exercise of the overallotment option is expected to generate approximately $6.3 million in net proceeds for the Quakertown, Pennsylvania-based company, after deducting underwriting discounts and commissions but before other expenses. Combined with the initial offering, total proceeds are expected to reach approximately $48.3 million.

The full exercise brought the total number of shares sold in the public offering to 1,232,142. The company stated it intends to use the net proceeds for general corporate purposes, which may include restructuring its available-for-sale fixed income securities portfolio, redeeming a portion of its subordinated notes, funding new loans, and supporting its capital ratios.

Brean Capital, LLC served as lead book-running manager for the offering, with Performance Trust Capital Partners, LLC acting as joint book-running manager. The closing of the overallotment option was expected on or about August 21, 2026, subject to customary conditions.

The offering was made pursuant to a registration statement on Form S-3 declared effective by the Securities and Exchange Commission on August 14, 2026.