MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Tuesday reported fourth-quarter profit of $35.7 million.
The bank, based in Moline, Illinois, said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring costs, were $2.21 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The bank holding company posted revenue of $166.2 million in the period. Its revenue net of interest expense was $107 million, which also topped Street forecasts.
For the year, the company reported profit of $127.2 million, or $7.49 per share. Revenue was reported as $369.5 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
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