QCR Holdings: Q2 Earnings Snapshot
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.