QNB CORP (QNBC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K/A	10-K/A	10-K	10-K	10-K
Interest income:
Interest income on loans	40.9	38.3	36.5	38.2	34.9	29.7	25.5	24.4
Interest income on investments	11.4	8.3	7.1	8.1	8.1	8.2	7.4	7.2
Interest income on trading account						0.0	0.1	0.2
	52.4	46.8	43.7	46.4	43.2	38.1	33.2	31.9
Interest expense:
Interest on borrowings				0.7	0.7
	7.9	4.6	6.4	10.1	8.2	5.7	4.7	4.5
Net interest income	44.5	42.1	37.2	36.3	35.0	32.4	28.5	27.4
Provision for loan losses	-0.9	0.5	1.3	1.3	1.1	1.4	0.0	0.2
Net interest income after provision for loan losses	45.3	41.7	36.0	35.0	33.9	31.0	28.5	27.2
Deposit and loan fees								1.7
Gain on sale of investments, net				0.2	0.1	-0.1	-0.2	-0.1
Other non-interest income	5.7	9.8	7.6	8.1	4.8	7.0	5.9	4.4
Total non-interest income	5.7	9.8	7.6	8.3	4.9	6.9	5.7	6.0
Non-interest expenses	31.5	31.0	29.0	28.1	25.9	23.7	22.2	22.4
Pre-tax income before non-recurring items	19.6	20.5	14.6	15.2	12.9	14.2	12.0	11.6
Non-recurring items								0.8
Pre-tax income	19.6	20.5	14.6	15.2	12.9	14.2	12.0	10.8
Income taxes	3.7	4.0	2.6	2.9	1.6	5.9	3.1	2.6
Tax rate	18.7%	19.4%	17.5%	18.7%	12.1%	41.6%	25.5%	23.8%
Net income	15.9	16.5	12.1	12.4	11.3	8.3	8.9	8.2
Net margin	31.2%	32.1%	27.7%	28.5%	29.2%	21.9%	26.1%	24.8%

Basic EPS	$4.47	$4.64	$3.42	$3.53	$3.27	$2.42	$2.63	$2.47
Diluted EPS	$4.47	$4.64	$3.42	$3.53	$3.25	$2.41	$2.63	$2.46

Shares outstanding (basic)	3.6	3.6	3.5	3.5	3.5	3.4	3.4	3.3
Shares outstanding (diluted)	3.6	3.6	3.5	3.5	3.5	3.4	3.4	3.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.