QCR Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

QCR Holdings (NASDAQ:QCRH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$83.4m (up 6.9% from 3Q 2023).
• Net income: US$27.8m (up 11% from 3Q 2023).
• Profit margin: 33% (up from 32% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.65 (up from US$1.50 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

QCR Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on QCR Holdings' balance sheet health.

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