President's Letter
To Our Shareholders, Customers, and Team,
As we reflect on 2025, it was a landmark year for Queensborough — one marked by record performance, purposeful investment, and strategic growth that positions us strongly for the future. Throughout the year, our focus remained clear - serve our customers exceptionally well, support our communities faithfully, and build long-term value for our shareholders.
I am proud to report that 2025 was the strongest financial year in our bank’s history. Total deposits reached $1,978,115,887, and total assets grew to $2,213,081,551. Net income rose to a record $21,106,213, resulting in earnings per common share of $16.34. These results are not only a reflection of favorable performance metrics, but of disciplined leadership, sound decision-making, and the dedication of our entire team.
Beyond financial performance, 2025 was a year of meaningful progress across our footprint. We continued the rollout of our QNBTNOW Interactive Teller Machines (ITMs), expanding enhanced banking access into both urban and rural markets. By extending service hours, including Saturdays, we are delivering greater convenience while maintaining the personal relationships that define Queensborough. This balance of innovation and hometown banking remains central to who we are.
We also strengthened our leadership team with the addition of our new Mortgage President, Kevin McDougal, a strategic move that positions us to significantly grow our mortgage division across our footprint, including the Savannah market. Mortgage expansion represents a key component of our long-term growth strategy, and we are confident this investment will generate meaningful opportunity and impact in the years ahead.
While we are proud of what we accomplished in 2025, we are even more energized about the future. Our foundation is strong. Our strategy is clear. And our team is committed to building on this momentum with intentional growth, operational excellence, and a continued focus on the communities we call home.
To our shareholders, thank you for your confidence. To our customers, thank you for your trust. And to our employees, thank you for your unwavering dedication. Because of you, the future of Queensborough is bright, and I look forward to what we will accomplish together in the coming year.
Read more in the Annual Report