Quakertown-based QNB Corp., the parent company of QNB Bank, has reported its second-quarter 2025 earnings, showing year-over-year growth in both net income and earnings per share, reports GlobeNewswire.
Net income for the quarter reached $3,883,000, or $1.04 per diluted share, up from $2,465,000, or $0.67 per diluted share, in the same quarter last year.
For the first half of the year, QNB Corp. reported net income of $6.46 million, or $1.74 per diluted share, up from $5.06 million, or $1.38 per diluted share, in the same period a year prior.
The annualized return on average assets and average shareholders’ equity for the second quarter was 0.83 percent and 14.25 percent, respectively, up from 0.57 percent and 10.73 percent for the same period a year prior.
QNB Bank’s second-quarter operating performance improved year-over-year, driven mainly by interest margin gains which resulted in a $2.9 million rise in net interest income and a $260,000 reduction in the provision for credit losses on loans and unfunded commitments.
“Consistent with the first quarter, the Bank’s operating performance continued to improve in the second quarter, primarily driven by an expanding net interest margin that positively impacted net interest income,” said David W. Freeman, President and Chief Executive Officer.
Read more about QNB Corp.’s strong second-quarter performance and what’s driving its continued growth at GlobeNewswire.
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