DNB Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the fourth quarter, the company reported net interest income of $5.473 million against $5.451 million a year ago. Income before income taxes was $1.760 million against $2.017 million a year ago. Net income was $1.382 million against $1.451 million a year ago. Net income available to common stockholders was $1.374 million against $1.419 million a year ago. Net income per common share, diluted was $0.48 against $0.50 a year ago. Book value per common share was $19.65 against $18.32 a year ago. Tangible book value per common share was $19.58 against $18.26 a year ago. Return on average assets was 0.74% against 0.82% a year ago. Return on average equity was 9.32% against 9.04% a year ago. Return on average tangible equity was 9.35% against 9.06% a year ago. The effective tax rate for the quarter ended December 31, 2015 was 21.5%, compared with 28.1% for the corresponding quarter in 2014.  The primary reason for the lower effective tax rate was an increase in tax exempt loans to municipalities and tax exempt municipal investment securities.

For the year, the company reported net interest income of $21.77 million against $21.28 million a year ago. Income before income taxes was $6.761 million against $6.481 million a year ago. Net income was $5.258 million against $4.804 million a year ago. Net income available to common stockholders was $5.208 million against $4.669 million a year ago. Net income per common share, diluted was $1.79 against $1.66 a year ago. Return on average assets was 0.69% for the year ended December 31, 2015. Return on average equity was 8.7% for the year ended December 31, 2015.

For the fourth quarter ended December 31, 2015, the company's net charge-offs were only 0.07% of total average loans, compared with 0.41% for the quarter ending September 30, 2015.