QNB Corp. Q4 2022 net income $5.4M, EPS $1.52, up from $1.17 YoY; loan growth drives results

QNB CORP.

2022-FY EPS reported $4.47

Q4 2022 diluted EPS $1.52 vs $1.17 in Q4 2021; net income $5.447M vs $4.149M.
Full-year 2022 net income $15.921M, diluted EPS $4.47; 2021 net income $16.492M, EPS $4.64.
Reversed $850K provision for loan losses; allowance for loan losses 1.01% of loans.
Loans (ex-PPP) grew $124.5M to $1.037B; total assets $1.668B; deposits down $31.4M.
Non-performing loans fell to $9.1M (0.88% of loans) from $11.7M (1.26%) at Dec 2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QNB CORP. reported twelve months ended December 31, 2022 results: net income $15,921,000, EPS $4.47 per share on a diluted basis.

Period: twelve months ended December 31, 2022
Net income: $15,921,000
EPS: $4.47 per share on a diluted basis
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2022, QNB reported net income of $15,921,000, or $4.47 per share on a diluted basis.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QNB CORP. reported fourth quarter ended December 31, 2022 results: net income $5,447,000, EPS $1.52 per share on a diluted basis.

Period: fourth quarter ended December 31, 2022
Net income: $5,447,000
EPS: $1.52 per share on a diluted basis
Result: reported results

Exact text from the filing

QNB Corp. announced its consolidated financial results for the fourth quarter ended December 31, 2022.

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QNB CORP. filing history →

Source: SEC EDGAR

accession 0001564590-23-000729

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