FOR IMMEDIATE RELEASE

QNB CORP. REPORTS

EARNINGS FOR THIRD QUARTER 2025

QUAKERTOWN, PA (October 28, 2025) QNB Corp. (the “Company” or “QNB”) (OTCQX: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the third quarter of 2025 of $3,648,000 or $0.98 per share on a diluted basis. This compares to net income of $3,338,000, or $0.91 per share on a diluted basis, for the same period in 2024. For the nine months ended September 30, 2025, QNB reported net income of $10,109,000, or $2.72 per share on a diluted basis. This compares to net income of $8,397,000, or $2.29 per share on a diluted basis, reported for the same period in 2024. For both the three- and nine-month periods of 2025, net income included merger-related cost of $519,000. The merger-related costs are significant one-time costs and are not normal recurring operating expenses. Diluted earnings per share excluding the impact of the merger-related cost for the three- and nine-month periods of 2025 was $1.09 and $2.83, respectively*.

On September 23, 2025, QNB Corp. and The Victory Bancorp, Inc. ("Victory") announced they have entered into a definitive agreement under which QNB will acquire Victory in an all-stock transaction, creating a bank holding company with nearly $2.4 billion in assets. Upon the completion of the merger, the pro-forma post-merger shareholder ownership split would be approximately 76.4% for QNB and 23.6% for Victory. The transaction is expected to close in the fourth quarter of 2025 or first quarter of 2026, subject to satisfaction of customary closing conditions, including regulatory approvals and approval from both QNB and Victory shareholders.

For the third quarter ended September 30, 2025, the annualized rate of return on average assets and average shareholders’ equity was 0.76% and 12.49%, respectively, compared with 0.74% and 13.25%, respectively, for the third quarter 2024. Return on average assets, excluding the impact of the merger-related cost, for the three- and nine-month periods of 2025 was 0.85% and 0.74%, respectively*. Return on average equity, excluding the impact of the merger-related cost, for the three- and nine-month periods of 2025 was 13.89% and 12.68%, respectively*.

* QNB uses non-GAAP financial information in its analysis of performance. These non-GAAP ratios and calculations provide a better understanding of ongoing operations and comparability with prior period results by showing the effects of significant gains and charges in the periods presented. QNB believes that investors may use these non-GAAP measures to analyze QNB’s financial performance without the impact of unusual items or events that may obscure trends. This non-GAAP data is not a substitute for GAAP results and should be considered in addition to results prepared in accordance with GAAP. Non-GAAP financial measures include risks as companies might calculate these measures differently and persons might disagree as to the appropriateness of items included in these measures. Please see attached table "Impact of Merger-Related Costs--GAAP to Non-GAAP Measure Reconciliation."

The operating performance of the Bank, a wholly-owned subsidiary of QNB Corp., improved for the quarter ended September 30, 2025, in comparison with the same period in 2024, due primarily to

improvement in the interest margin causing a $2,458,000 increase in net interest income, a $187,000 increase in non-interest income and a reduction in the provision for credit losses on loans and unfunded commitments of $66,000; this was partly offset by an increase in non-interest expense of $909,000. The change in contribution from QNB Corp. for the quarter ended September 30, 2025, compared with the same period in 2024, is primarily due to a decrease in net interest income of $597,000, related to the subordinated debt issuance in 2024, an increase in non-interest expense of $642,000, primarily due to merger-related expenses, and a decrease of $302,000 in non-interest income due to realized and unrealized gains on the equity portfolio in 2024 compared to none in 2025.

The following table presents disaggregated net income (loss):

Total assets as of September 30, 2025 were $1,903,244,000 compared with $1,870,894,000 at December 31, 2024. Total cash and cash equivalents increased $15,618,000, or 30.8%, to $66,331,000, primarily due to increases in customer deposits. Loans receivable increased $30,481,000, or 2.5%, to $1,246,529,000. Total deposits increased $52,999,000, or 3.3%, to $1,681,540,000. Long-term borrowing declined $30,000,000.

“We are pleased to share another quarter of strong performance, fueled by sustained growth in Net Interest Income and continued increases in both loan and deposit balances, said Dave Freeman, President and Chief Executive Officer. Freeman continued, our stable credit environment reflects the continued resilience of consumers and businesses as they adapt to ongoing economic pressures, including tariffs and inflation. This quarter also marked a pivotal milestone for our company with the announcement of our strategic merger with Victory Bancorp. This exciting move strengthens our long-term growth strategy and enhances our ability to deliver greater value to our communities and shareholders alike.”

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended September 30, 2025 totaled $12,998,000, an increase of $1,871,000, from the same period in 2024. Net interest margin was 2.72% for the third quarter of 2025 and 2.48% for the same period in 2024. Net interest margin was 2.64% for the nine months ended September 30, 2025, compared with 2.45% for the same period in 2024.

The yield on earning assets was 4.91% for the third quarter of 2025, compared with 4.86% in the third quarter of 2024; an increase of five basis points. For the nine-month period ended September 30, 2025, the yield on earning assets was 4.87%, compared with 4.71% for the same period in 2024.

The cost of interest-bearing liabilities was 2.64% for the third quarter ended September 30, 2025, compared with 2.90% for the same period in 2024, a decrease of 26 basis points. For the nine-month period ended September 30, 2025, the cost of interest-bearing liabilities was 2.70% compared with 2.77% for the same period in 2024.

Proceeds from the growth in average deposits and the issuance of subordinated debt over the past year were invested in loans, higher-yielding securities and used to pay down long-term borrowings. Loan growth was primarily in commercial real estate, which comprised 45.8% of average earning assets

in the nine months of 2025 compared with 45.3% for the same period in 2024, and the increases in both rates and volume in commercial real estate loans majorly contributed to the 27 basis-point increase in the yield on loans. The increase in the available-for-sale investments portfolio was primarily in corporate debt securities. The 11-basis point increase in rate on investments was primarily due to the 66-basis point increase in the yield on corporate debt securities. The average rate paid on interest-bearing deposits decreased 27 basis points; this partly offset by the issuance of subordinated debt, resulting in a decrease in the cost of funds of seven basis points.

Asset Quality, Provision for Credit Losses on Loans and Allowance for Credit Losses

QNB recorded a $98,000 in the provision for credit losses on loans in the third quarter of 2025 compared to a $154,000 provision in the third quarter of 2024. QNB recorded a provision of $504,000 in the provision for credit losses on loans for the nine-month ended September 30, 2025 compared to a $193,000 provision for the same period of 2024. QNB's allowance for credit losses on loans of $9,255,000 represents 0.74% of loans receivable at September 30, 2025, compared to $8,744,000, or 0.72% of loans receivable at December 31, 2024. The two-basis point increase in the allowance for credit losses on loans was primarily due to reserves for collateral dependent loans partly offset by an improvement in the economic outlook. Net loan charge-offs were $12,000 for the quarter ended September 30, 2025, compared with charge-offs of $25,000 for the same period in 2024. Annualized net loan charge-offs for the quarter ended September 30, 2025 were 0.00% and annualized net loan charge-offs were 0.01% for the quarter ended September 30, 2024, of average loans receivable, respectively. Net loan recoveries were $7,000 for the nine months ended September 30, 2025, compared with charge-offs of $58,000 for the same period in 2024. Annualized net loan recoveries for the nine months ended September 30, 2025 were 0.00% compared to annualized net charge-offs of 0.01% for the same period in 2024, of average loans receivable, respectively.

Total non-performing loans, which represent loans on non-accrual status and loans past due 90 days or more and still accruing interest, were $8,947,000, or 0.72% of loans receivable at September 30, 2025, compared with $1,975,000, or 0.16% of loans receivable at December 31, 2024. The increase was primarily due to one commercial customer relationship. In cases where there is a collateral shortfall on non-accrual loans, specific reserves have been established based on updated collateral values even if the borrower continues to pay in accordance with the terms of the agreement. At September 30, 2025, $7,777,000, or approximately 87% of the loans classified as non-accrual, are current or past due less than 30 days. Commercial loans classified as substandard or doubtful loans totaled $34,973,000 at September 30, 2025, compared with $34,301,000 at December 31, 2024; these were comprised primarily of commercial real estate loans.

Non-Interest Income

Total non-interest income was $1,847,000 for the third quarter of 2025 compared with $1,967,000 for the same period in 2024. There were no realized and unrealized gain/loss on securities for the quarter ended September 30, 2025 compared to a net gain of $367,000 in the same period in 2024. Excluding the net realized and unrealized gains on securities, non-interest income increased $247,000, or 15.4%. During the third quarter of 2024 QNB Corp. sold equity securities at a gain of $224,000.

Fees for service to customers increased $52,000 for the quarter ended September 30, 2025, as overdraft fees increased $37,000 and other deposit-related fees increased $15,000. ATM and debit card increased $85,000 due to volume. Retail brokerage and advisory income increased $57,000 to $196,000 for the same period. Gains on sales of loans increased $22,000 due to volume of sales. Other non-interest income increased $31,000 for the same period due to an increase in letter of credit fees of $12,000 and a loss on premises and equipment disposals in 2024 of $18,000.

For the nine months ended September 30, 2025, non-interest income was $5,083,000 a decrease of $185,000 compared to the same period in 2024, primarily due to the change in fair value of the equities portfolio of $1,129,000 in 2024. QNB completed the exchange offer to convert the Bank's Visa B-1 shares to B-2 and C shares in the second quarter of 2024; the fair value of the Visa C shares was a gain of $1,419,000 at September 30, 2024. Realized loss on sale of securities in 2024 was $495,000. Excluding the net realized and unrealized gains on securities, non-interest income increased $449,000, or 9.7%. Net gain on sale of loans increased $31,000 when comparing the nine months ended September 30, 2025 with the same period in 2024. Increases in non-interest income for the nine months ended September 30, 2025 compared to the same period in 2024 comprise: fees for services to customers, ATM and debit card fees and retail brokerage and advisory, which increased $137,000, $124,000 and $119,000, respectively. Other non-interest income increased $38,000 due primarily to increases in letter of credit fees and title insurance company income partly offset by a decrease in merchant servicing income.

Non-Interest Expense

Total non-interest expense was $10,182,000 for the third quarter of 2025 compared with $8,636,000 for the same period in 2024. Excluding merger-related costs, noninterest expense increased $1,027,000 or 11.9% for the third quarter of 2025, compared to the same period in 2024. Salaries and benefits expense increased $598,000, or 12.9%, to $5,248,000 when comparing the two quarters. Salary expense and related payroll taxes increased $407,000, or 9.7%, to $4,616,000 during the third quarter of 2025 compared to the same period in 2024, primarily due to pay increases. Benefits expense increased $191,000, or 43.3%, when comparing the two periods primarily due to increase in medical costs due to timing as year-to-date costs are down $87,000.

Net occupancy and furniture and equipment expense increased $157,000, or 10.3%, to $1,688,000 for the third quarter of 2025 primarily due to software maintenance costs. Other non-interest expense increased $791,000, or 32.2%, when comparing third quarter of 2025 with the same period in 2024 due to $519,000 of merger-related costs, an increase in third-party services of $172,000 related to information technology services and consultant expense and an increase in bank shares tax of $148,000.

For the nine months ended September 30, 2025, non-interest expense was $29,113,000, an increase of $2,710,000, or 10.3%, compared to the same period in 2024. Excluding merger-related costs, noninterest expense increased $2,191,000 or 8.3% for the nine months ended September 30, 2025, compared to the same period in 2024.

Income Taxes

Provision for income taxes decreased $39,000 to $922,000 in the third quarter of 2025 due a decrease in state tax rates, compared with the same period in 2024. The effective tax rate for the quarter ended September 30, 2025 was 20.2% compared with 22.4% for the same period in 2024. The effective tax rate for the nine months ended September 30, 2025 was 20.2% compared with 20.5% for the same period in 2024.

About the Company

QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank currently operates twelve branches in Bucks, Lehigh and Montgomery Counties and offers commercial and retail banking services in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a

member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at QNBBank.com.

Forward Looking Statement

This press release may contain forward-looking statements as defined in the Private Securities Litigation Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including "Item lA. Risk Factors," set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.