What is QNB Effective Interest Rate on Debt %?
Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. QNB's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $36.26 Mil. QNB's average total debt for the quarter that ended in Dec. 2023 was $115.40 Mil. Therefore, QNB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 31.42%.
QNB Effective Interest Rate on Debt % Historical Data
The historical data trend for QNB's Effective Interest Rate on Debt % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
QNB Effective Interest Rate on Debt % Chart
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QNB Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
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18.96 |
19.55 |
46.43 |
8.74 |
20.27 |
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QNB Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Effective Interest Rate on Debt % |
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14.34 |
23.64 |
29.12 |
31.42 |
44.45 |
Competitive Comparison of QNB's Effective Interest Rate on Debt %
For the Banks - Regional subindustry, QNB's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
QNB's Effective Interest Rate on Debt % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, QNB's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where QNB's Effective Interest Rate on Debt % falls into.
QNB Effective Interest Rate on Debt % Calculation
QNB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2022 ) | + | Total Debt (A: Dec. 2023 )) | / count ) |
| = | -1 * -28.927 | / | ( (171.327 | + | 114.094) | / 2 ) |
| = | -1 * -28.927 | / | 142.7105 |
| = | 20.27 % |
where
QNB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Sep. 2023 ) | + | Total Debt (Q: Dec. 2023 )) | / count ) |
| = | -1 * -36.26 | / | ( (116.703 | + | 114.094) | / 2 ) |
| = | -1 * -36.26 | / | 115.3985 |
| = | 31.42 % |
where
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
QNB (QNBC) Business Description
Traded in Other Exchanges
N/A
Address
15 North Third Street, P.O. Box 9005, Quakertown, PA, USA, 18951-9005
QNB Corp is a bank holding company based in the United States. It operates through its wholly-owned subsidiary, QNB Bank which engages in the general commercial banking business and offering a full range of banking services to its customers. Its business activities involve attracting deposits and using funds in making commercial loans, residential mortgage loans, consumer loans, and purchasing investment securities. The loan portfolio includes commercial loans, such as commercial and industrial, construction, and loans secured by commercial real estate and residential real estate, and retail loans, including home equity loans and lines, and consumer loans. It generates revenue from net interest income.
Executives
| Jennifer L Mann |
director |
P. O. BOX 9005, QUAKERTOWN PA 18951 |
| Randy S. Bimes |
director |
P.O. BOX 9005, QUAKERTOWN PA 18951-9005 |
| Laurie Bergman |
director |
460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406 |
| Ranajoy Ray-chaudhuri |
director |
PO BOX 9005, QUAKERTOWN PA 18951-9005 |
| Brown Kenneth F Jr |
director |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
| Dennis Helf |
director |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
| Thomas J Bisko |
director, officer: President/CEO |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
| Autumn R Bayles |
director |
QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951 |
| W Randall Stauffer |
director |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
| Scott R Stevenson |
director |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
| Covelens Courtney Lee |
officer: EVP, Chief Retail Officer |
PO BOX 9005, QUAKERTOWN PA 18951-9005 |
| Christina S Mcdonald |
officer: EVP, Marketing |
523 KINGSTON ROAD, ORELAND PA 19075 |
| Jeffrey Lehocky |
officer: EVP, Chief Financial Officer |
15 NORTH THIRD STREET, P.O. BOX 9005, QUAKERTOWN PA 18951-9005 |
| Mary Elizabeth Liddle |
officer: SVP Chief Acc Off, acting CFO |
P.O. BOX 9005, QUAKERTOWN PA 18951-8005 |
| David W. Freeman |
officer: President/COO |
P.O. BOX 9005, QUAKERTOWN PA 18951 |
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