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MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Wednesday reported fourth-quarter earnings of $30.2 million.
The bank, based in Moline, Illinois, said it had earnings of $1.77 per share. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The bank holding company posted revenue of $152.3 million in the period. Its revenue net of interest expense was $91.8 million, also exceeding Street forecasts.
For the year, the company reported profit of $113.9 million, or $6.71 per share. Revenue was reported as $347.3 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