QNB Corp. Reports Earnings

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.