QNB Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced interest income of $8,486,000 compared to $8,184,000 for the same period a year ago. Net interest income was $7,279,000 compared to $7,025,000 for the same period a year ago. Income before income taxes was $3,012,000 compared to $2,514,000 for the same period a year ago. Net income was $2,269,000 or $0.66 per basic and diluted share compared to $1,943,000 or $0.58 per basic and diluted share for the same period a year ago. Return on average assets was 0.85% compared to 0.75% for the same period a year ago. Return on average shareholders' equity was 9.34% compared to 8.50% for the same period a year ago.

For the full year, the company announced interest income of $33,237,000 compared to $31,875,000 for the same period a year ago. Net interest income was $28,504,000 compared to $27,369,000 for the same period a year ago. Income before income taxes was $11,978,000 compared to $10,803,000 for the same period a year ago. Net income was $8,924,000 or $2.63 per diluted share compared to $8,233,000 or $2.46 per diluted share for the same period a year ago. Book value was $26.92 compared to $26.04 for the same period a year ago. Return on average assets was 0.87% compared to 0.83% for the same period a year ago. Return on average shareholders' equity was 9.45% compared to 9.29% for the same period a year ago.


For the fourth quarter ended December 31, 2016, the company announced net loan charge-offs of $104,000 compared to $255,000 for the same period a year ago.