MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Monday reported second-quarter earnings of $13.7 million.
The Moline, Illinois-based bank said it had earnings of 86 cents per share. Earnings, adjusted for non-recurring costs, came to 88 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The bank holding company posted revenue of $77.3 million in the period. Its revenue net of interest expense was $69.6 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $54.8 million.
QCR Holdings shares have decreased 35% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.50, a fall of 24% in the last 12 months.