QCR Holdings (QCRH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
QCR Holdings (QCRH) reported $81.85 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0%. EPS of $1.51 for the same period compares to $1.69 a year ago.
The reported revenue represents a surprise of +6.16% over the Zacks Consensus Estimate of $77.1 million. With the consensus EPS estimate being $1.36, the EPS surprise was +11.03%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how QCR Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio (Non-GAAP): 62.4% compared to the 58.7% average estimate based on three analysts.
Net interest margin (GAAP): 2.9% versus the three-analyst average estimate of 3.2%.
Average Balance - Total earning assets: $7.57 billion versus the two-analyst average estimate of $7.57 billion.
Net charge-offs as a % of average loans/leases: 0% compared to the 0.2% average estimate based on two analysts.
Total noninterest income: $26.59 million compared to the $22.78 million average estimate based on three analysts.
Net Interest Income: $55.26 million versus $54.67 million estimated by two analysts on average.
Capital markets revenue: $15.60 million compared to the $12.60 million average estimate based on two analysts.
Deposit service fees: $2.11 million versus $2.02 million estimated by two analysts on average.
Gains on sales of residential real estate loans: $0.48 million versus the two-analyst average estimate of $0.50 million.
Net interest income - tax equivalent (Non-GAAP): $63.03 million compared to the $61.49 million average estimate based on two analysts.
View all Key Company Metrics for QCR Holdings here>>>
Shares of QCR Holdings have returned -3.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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QCR Holdings, Inc. (QCRH) : Free Stock Analysis Report
