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QCR Holdings: Q1 Earnings Snapshot

April 26, 2022 GMT

MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Tuesday reported first-quarter net income of $23.6 million.

The bank, based in Moline, Illinois, said it had earnings of $1.49 per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The bank holding company posted revenue of $66.7 million in the period. Its revenue net of interest expense was $61.4 million, missing Street forecasts. Three analysts surveyed by Zacks expected $70 million.

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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