QCR Holdings: Q1 Earnings Snapshot
MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Wednesday reported first-quarter net income of $27.2 million.
The bank, based in Moline, Illinois, said it had earnings of $1.60 per share. Earnings, adjusted for non-recurring costs, were $1.65 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The bank holding company posted revenue of $120.1 million in the period. Its revenue net of interest expense was $82.7 million, also exceeding Street forecasts.
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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
