earnings
confidence high
sentiment neutral
materiality 0.60
QNB Corp. reports Q3 net income flat at $0.96/share; bank net interest income rises
QNB CORP.
2022-Q3 EPS reported
$2.94
- Net income $3.415M ($0.96 diluted EPS) vs $3.424M ($0.96) in Q3 2021.
- QNB Bank net income rose $518K to $4.247M; holding company had $832K loss from equity fair value adjustments.
- Net interest income up $795K to $11.379M; net interest margin 2.72% unchanged.
- Loans (ex-PPP) grew $93.4M to $1.006B; non-performing loans improved to 1.06% from 1.26% at Dec 2021.
- Total deposits increased $26.9M to $1.477B; no provision for loan losses recognized.