QCR Holdings: Fourth Quarter Earnings Overview
QCR Holdings Reports Strong Fourth-Quarter Results
QCR Holdings Inc., headquartered in Moline, Illinois, announced a net income of $35.7 million for the fourth quarter.
The company reported earnings of $2.12 per share, with adjusted earnings—excluding one-time expenses—rising to $2.21 per share.
These figures surpassed analysts’ expectations, as the consensus from four analysts polled by Zacks Investment Research had projected earnings of $1.96 per share.
During the quarter, QCR Holdings generated $166.2 million in total revenue. After accounting for interest expenses, net revenue stood at $107 million, also exceeding Wall Street forecasts.
For the full year, the company achieved a profit of $127.2 million, or $7.49 per share, with annual revenue reaching $369.5 million.
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