MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Wednesday reported first-quarter net income of $12.9 million.
The Moline, Illinois-based bank said it had earnings of 81 cents per share. Earnings, adjusted for non-recurring costs, came to 82 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The bank holding company posted revenue of $64.1 million in the period. Its revenue net of interest expense was $48.9 million, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $50.2 million.
QCR Holdings shares have increased slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.80, a fall of 27 percent 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