QNB Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced interest income of $8,184,000 compared to $7,814,000 for the same period a year ago. Net interest income was $7,025,000 compared to $6,651,000 for the same period a year ago. Income before income taxes was $2,514,000 compared to $3,217,000 for the same period a year ago. Net income was $1,943,000 or $0.58 per basic and diluted share compared to $2,486,000 or $0.75 per basic and diluted share for the same period a year ago. Return on average assets was 0.75% compared to 1.00% for the same period a year ago. Return on average shareholders' equity was 8.50% compared to 11.61% for the same period a year ago.

For the full year, the company announced interest income of $31,875,000 compared to $30,670,000 for the same period a year ago. Net interest income was $27,369,000 compared to $26,126,000 for the same period a year ago. Income before income taxes was $10,803,000 compared to $11,642,000 for the same period a year ago. Net income was $8,233,000 or $2.46 per diluted share compared to $8,998,000 or $2.72 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 0.83% compared to 0.95% for the same period a year ago. Return on average shareholders' equity was 9.29% compared to 10.89% for the same period a year ago.


For the fourth quarter ended December 31, 2015, the company announced net loan charge-offs of $255,000 compared to $765,000 for the same period a year ago.