QNB Bank and Employees Donate Over $33,000 to United Way
January 18, 2018QNB Bank Promotes Karen Krier to Vice President, Branch Manager at Perkasie Office
February 14, 2018
Quakertown, PA (January 30, 2018) QNB Corp. (the “Company” or “QNB”) (OTC Bulletin Board: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the fourth quarter of 2017 of $489,000, or $0.14 per share on a diluted basis, compared with $2,269,000, or $0.66 per share on a diluted basis during the same period in 2016. For the year ended December 31, 2017, QNB reported net income of $8,289,000, or $2.41 per share on a diluted basis. This compares to net income of $8,924,000, or $2.63 per share on a diluted basis, reported for 2016. For the year 2017 the rate of return on average assets and average shareholders’ equity was 0.74% and 8.17%, respectively, compared with 0.87% and 9.45%, respectively, for the year 2016.
