QCR Holdings (QCRH) came out with quarterly of $1 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to of $0.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an surprise of 9.89%. A quarter ago, it was expected that this bank holding company would post of $0.79 per share when it actually produced of $0.88, delivering a surprise of 11.39%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
QCR Holdings, which belongs to the Zacks Banks - Midwest industry, posted revenues of $60.63 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 12.06%. This compares to year-ago revenues of $47.12 million. The company has topped consensus revenue estimates three times over the last four quarters.
QCR Holdings, Inc. operates as a multi-bank holding company which engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Wealth Management and All Other. The Commercial Banking segment comprises of the firm's subsidiary banks namely Quad City Bank & Trust Co., Cedar Rapids Bank & Trust Co., Community State Bank, and Rockford Bank & Trust Co. The Wealth Management segment represents the trust and asset management and investment management and advisory services. The All Other segment includes the operations of all other consolidated subsidiaries and defined operating segments that fall below the segment reporting thresholds. The company was founded by Douglas M. Hultquist and Michael A. Bauer in 1993 and is headquartered in Moline, IL.
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