QNB Corp. (QNBC)

QNB Corp. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	68	65.37	53.88	40.92	38.33	36.5
Interest Income on Investments	18.7	18.7	15.2	11.5	8.44	7.19
Total Interest Income	86.7	84.07	69.08	52.42	46.77	43.69
Interest Paid on Deposits	38.74	37.48	25	6.9	4.23	6.06
Interest Paid on Borrowings	3.73	3.73	3.93	1.02	0.42	0.38
Total Interest Expense	42.47	41.21	28.93	7.92	4.64	6.45
Net Interest Income	44.23	42.86	40.16	44.5	42.13	37.25
Net Interest Income Growth (YoY)	10.84%	6.74%	-9.76%	5.63%	13.10%	0.26%
Gain (Loss) on Sale of Investments	0.36	0.7	-1.83	-0.76	2.73	0.56
Other Non-Interest Income	6.27	6.18	6.65	6.49	6.45	5.32
Total Non-Interest Income	6.66	6.91	4.84	5.73	9.78	7.6
Non-Interest Income Growth (YoY)	22.13%	42.92%	-15.60%	-41.41%	28.66%	-8.60%
Revenues Before Loan Losses	50.89	49.78	44.99	50.23	51.91	44.85
Provision for Loan Losses	0.57	-0.07	-0.84	-0.85	0.46	1.25
Revenue	50.32	49.84	45.84	51.08	51.45	43.6
Revenue Growth (YoY)	13.13%	8.74%	-10.26%	-0.72%	18.00%	-1.29%
Salaries and Employee Benefits	19.6	19.54	18.84	17.22	17.35	16.43
Occupancy Expenses	1.69	1.47	1.5	1.48	1.48	1.36
Federal Deposit Insurance	1.16	1.16	1.06	0.77	0.79	0.57
Selling, General & Administrative	9.05	9.05	8.47	7.81	7.44	7.21
Other Non-Interest Expense	4.52	4.26	4.24	4.21	3.94	3.4
Total Non-Interest Expense	36.02	35.48	34.11	31.49	31	28.96
EBT Excluding Unusual Items	14.3	14.36	11.73	19.59	20.45	14.65
Pretax Income	14.3	14.36	11.73	19.59	20.45	14.65
Income Tax Expense	2.87	2.91	2.24	3.67	3.96	2.56
Net Income	11.43	11.45	9.48	15.92	16.49	12.08
Net Income to Common	11.43	11.45	9.48	15.92	16.49	12.08
Net Income Growth	43.64%	20.72%	-40.44%	-3.46%	36.49%	-2.22%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	1.68%	1.74%	1.30%	0.29%	0.47%	0.95%
EPS (Basic)	3.10	3.12	2.63	4.47	4.64	3.42
EPS (Diluted)	3.10	3.12	2.63	4.47	4.64	3.42
EPS Growth	41.23%	18.70%	-41.20%	-3.74%	35.84%	-3.23%
Dividend Per Share	1.490	1.480	1.480	1.440	1.400	1.360
Dividend Growth	0.68%	-	2.78%	2.86%	2.94%	3.03%
Effective Tax Rate	20.08%	20.27%	19.13%	18.71%	19.37%	17.49%

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.