QNB Corp. reports Q4 2024 net income of $3.1M (EPS $0.83) versus $1.1M (EPS $0.31) in Q4 2023

QNB CORP.

2024-FY EPS reported $3.12

Net interest income rose $783,000 to $10,975,000 for Q4 2024, driven by higher yields on earning assets (4.78% vs 4.44%).
Total assets grew 9.6% year-over-year to $1.87B, with loans up 11.2% to $1.22B and deposits up 9.4% to $1.63B.
Non-performing loans remained low at 0.16% of loans, and the allowance for credit losses was 0.72%.
Non-interest income increased to $1.645M from $0.283M, including a $1.498M gain on sale of Visa Class C shares.
President David Freeman cited strong loan growth and balance sheet management as drivers of the $1.9M earnings increase.

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