MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Monday reported third-quarter profit of $8.8 million.
The Moline, Illinois-based bank said it had earnings of 55 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 65 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The bank holding company posted revenue of $58.6 million in the period. Its revenue net of interest expense was $47.1 million, topping Street forecasts. Four analysts surveyed by Zacks expected $45.1 million.
QCR Holdings shares have dropped 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $36, a decrease of 26 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