earnings
confidence high
sentiment positive
materiality 0.75
QNB Corp. Q3 net income rises 42% to $3.34M, EPS $0.91 from $0.65 YoY
QNB CORP.
2024-Q3 EPS reported
$2.29
- Q3 net income $3.34M ($0.91 diluted EPS), up from $2.34M ($0.65) in Q3 2023.
- Net interest margin improved to 2.48% (vs 2.38% Q3 2023) as yield on earning assets rose 58 bps.
- Total loans grew 7.1% to $1.17B, deposits up 9.2% to $1.63B from Dec 2023.
- Issued $40M subordinated debt in Q3; non-performing loans remained low at 0.14% of loans.