Q1 net income nearly flat at $2.58M ($0.69 EPS); NPLs surge to $8.4M

QNB CORP.

2025-Q1 EPS reported $0.69

Net income $2.578M ($0.69 diluted EPS) vs $2.594M ($0.71) in Q1 2024; ROAA 0.54%, ROAE 6.24%.
Net interest income rose $2.629M to $22.198M; net interest margin expanded 12bp to 2.51%.
Non-performing loans jumped to $8.4M (0.69% of loans) from $1.98M (0.16%) at Dec 2024, tied to one commercial customer.
Provision for credit losses on loans was $551K vs a $93K reversal in Q1 2024; allowance now 0.77% of loans.
Core non-interest income (ex securities gains) up 6.4%; non-interest expenses rose $483K on occupancy, fraud, and director fees.

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