QCR Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 24, 2019 at 04:05 pm
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QCR Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the year, the company reported interest income of $182.879 million compared to $135.517 million a year ago. Net interest income was $142.395 million compared to $116.065 million a year ago. Net income was $43.120 million or $2.92 per basic share compared to $35.707 million or $2.68 per basic share a year ago. Diluted earnings per share were $2.86 against $2.61 a year ago.
For the quarter, the company reported interest income of $52.703 million compared to $37.878 million a year ago. Net interest income was $39.593 million compared to $31.793 million a year ago. Net income was $13.316 million or $0.85 per basic share compared to $9.902 million or $0.72 per basic share a year ago. Diluted earnings per share were $0.84 against $0.70 a year ago.
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities, through four wholly owned banking subsidiaries (Banks), Quad City Bank & Trust (QCBT), Cedar Rapids Bank & Trust (CRBT), Community State Bank (CSB) and Guaranty Bank (GB), which provides full-service commercial and consumer banking and trust and asset management services. The Companyâs principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company is also engaged in direct financing lease contracts and equipment financing agreements through m2, a wholly owned subsidiary of QCBT based in Waukesha, Wisconsin. It is also engaged in wealth management services through its banking subsidiaries. It also provides a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.
QCR HOLDINGS, INC. 
