QNB Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, interest income was $8,849,000 against $8,633,000 for the same period a year ago. Net interest income was $6,595,000 against $6,938,000 for the same period a year ago, net interest income continues to be negatively impacted by declining yields on earning assets resulting from the prolonged low interest rate environment and the low level of loan demand by both businesses and consumers. Income before income taxes was $2,675,000 against $2,344,000 for the same period a year ago. Net income $2,125,000 against $1,912,000 for the same period a year ago. Basic and diluted earnings per share were $0.66 against $0.60 for the same period a year ago. Return on average total assets was 0.92% against 0.87% for the same period a year ago. Return on average stockholders' equity was 11.63% against 11.50% for the same period a year ago.

For the year, interest income was $33,348,000 against $36,217,000 for the same period a year ago. Net interest income was $26,900,000 against $28,126,000 for the same period a year ago, the factors that were discussed in the analysis of the quarterly comparison above are also the primary factors in the year-to-date net interest income comparison: strong deposit growth, change in the mix of earning assets with investment securities representing a larger portion of earning assets and a lower net interest margin. Income before income taxes was $11,784,000 against $11,356,000 for the same period a year ago. Net income $9,175,000 against $8,880,000 for the same period a year ago. Diluted earnings per share were $0.2.86 against $2.81 for the same period a year ago. Book value per share as at December 31, 2012 was $24.05 against $22.32 at the same period a year ago. Return on average total assets was 1.03 % against 1.06% for the same period a year ago. Return on average stockholders' equity was 13.07% against 13.99% for the same period a year ago.