GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » QNB Corp (OTCPK:QNBC) » Definitions » Total Assets

QNB (QNBC) Total Assets : $1,841.56 Mil (As of Sep. 2024)


View and export this data going back to . Start your Free Trial

What is QNB Total Assets?

QNB's Total Assets for the quarter that ended in Sep. 2024 was $1,841.56 Mil.

During the past 12 months, QNB's average Total Assets Growth Rate was 9.20% per year. During the past 3 years, the average Total Assets Growth Rate was 6.10% per year. During the past 5 years, the average Total Assets Growth Rate was 7.40% per year. During the past 10 years, the average Total Assets Growth Rate was 8.10% per year.

During the past 13 years, QNB's highest 3-Year average Total Assets Growth Rate was 2341.90%. The lowest was -12.70%. And the median was 8.00%.

Total Assets is connected with ROA %. QNB's annualized ROA % for the quarter that ended in Sep. 2024 was 0.74%. Total Assets is also linked to Revenue through Asset Turnover. QNB's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.


QNB Total Assets Historical Data

The historical data trend for QNB's Total Assets 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.

* Premium members only.

QNB Total Assets Chart

QNB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,225.02 1,440.23 1,673.34 1,668.50 1,706.32

QNB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,684.39 1,706.32 1,716.08 1,761.49 1,841.56

QNB Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

QNB's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=90.824+1615.494
=1,706.32

QNB's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=105.34+1736.223
=1,841.56

* 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  (OTCPK:QNBC) Total Assets Explanation

Total Assets is connected with ROA %.

QNB's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=13.352/( (1761.487+1841.563)/ 2 )
=13.352/1801.525
=0.74 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

QNB's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=13.094/( (1761.487+1841.563)/ 2 )
=13.094/1801.525
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

QNB Total Assets Related Terms

Thank you for viewing the detailed overview of QNB's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


QNB 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
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
Dennis Helf director P.O. BOX 9005, QUAKERTOWN PA 18951
Thomas J Bisko director, officer: President/CEO 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

QNB Headlines

From GuruFocus

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 08-28-2018

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 08-25-2020

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 11-27-2019

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 11-28-2018

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 05-24-2018

QNB Corp. Increases Dividend

By PRNewswire PRNewswire 02-26-2019

Fourthstone LLC Acquires New Stake in QNB Corp

By GuruFocus News 11-14-2024

QNB Corp. Declares Dividend

By PRNewswire PRNewswire 08-27-2019