QCR Holdings: 3Q Earnings Snapshot

October 23, 2019

MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Wednesday reported third-quarter net income of $15.1 million.

The bank, based in Moline, Illinois, said it had earnings of 94 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and to extinguish debt, were $1 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The bank holding company posted revenue of $76.7 million in the period. Its revenue net of interest expense was $60.6 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $54.1 million.

QCR Holdings shares have risen 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.32, an increase of 10% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QCRH at https://www.zacks.com/ap/QCRH