QCR Holdings: Q1 Earnings Snapshot
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.