QCR Holdings beats Street 4Q forecasts
QCR Holdings tops 4Q profit and revenue expectations
MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Wednesday reported fourth-quarter net income of $8.5 million.
The Moline, Illinois-based bank said it had earnings of 64 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The bank holding company posted revenue of $39.3 million in the period. Its adjusted revenue was $36.3 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $35.6 million.
For the year, the company reported profit of $27.7 million, or $2.17 per share. Revenue was reported as $125.6 million.
QCR Holdings shares have dropped 3 percent since the beginning of the year. The stock has climbed 85 percent in the last 12 months.
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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
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Keywords: QCR Holdings, Earnings Report
