QNB Corp. Q2 2024 net income $2.465M ($0.67 EPS) up 31% YoY; NIM expands to 2.46%

QNB CORP.

2024-Q2 EPS reported $1.38

Diluted EPS $0.67 vs $0.52 in Q2 2023; net income $2,465,000 vs $1,887,000.
Net interest margin improved to 2.46% from 2.27% a year ago on higher loan yields.
Loans receivable grew 6.3% to $1,162M; deposits rose 5.7% to $1,573M.
Non-performing loans stable at 0.18% of loans; provision for credit losses decreased to $132,000.
Bank subsidiary net income $2,741,000; holding company reported net loss of $276,000.

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