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QCR Holdings: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Wednesday reported second-quarter earnings of $29.1 million.

The Moline, Illinois-based bank said it had earnings of $1.72 per share. Earnings, adjusted for non-recurring costs, came to $1.73 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The bank holding company posted revenue of $150.6 million in the period. Its revenue net of interest expense was $87.1 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