MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Wednesday reported fourth-quarter net income of $15.9 million.
The bank, based in Moline, Illinois, said it had earnings of 99 cents per share. Earnings, adjusted for one-time gains and costs, were 96 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The bank holding company posted revenue of $82.8 million in the period. Its revenue net of interest expense was $69.7 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $56.8 million.
For the year, the company reported profit of $57.4 million, or $3.60 per share. Revenue was reported as $234.3 million.
QCR Holdings shares have fallen roughly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.70, an increase of 23% in the last 12 months.