QCR Holdings: Q2 Earnings Snapshot

July 26, 2022 GMT

MOLINE, Ill. (AP) _ QCR Holdings Inc. (QCRH) on Tuesday reported second-quarter net income of $15.2 million.

The bank, based in Moline, Illinois, said it had earnings of 87 cents 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 $1.35 per share.

The bank holding company posted revenue of $91 million in the period. Its revenue net of interest expense was $82.2 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $81.9 million.

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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