QCR (US:QCRH) ZACKSยท2024-10-24 00:05Core Insights - QCR Holdings reported revenue of $86.88 million for the quarter ended September 2024, reflecting a year-over-year increase of 6.1% and a surprise of +3.43% over the Zacks Consensus Estimate of $84 million [1] - Earnings per share (EPS) for the quarter was $1.78, compared to $1.51 in the same quarter last year, resulting in an EPS surprise of +19.46% over the consensus estimate of $1.49 [1] Financial Performance Metrics - Efficiency Ratio (Non-GAAP) was reported at 61.7%, higher than the average estimate of 54.7% from three analysts [1] - Net interest margin (GAAP) stood at 2.9%, below the average estimate of 3.3% from three analysts [1] - Average balance of total earning assets was $8.18 billion, slightly above the average estimate of $8.04 billion from two analysts [1] - Net charge-offs as a percentage of average loans/leases were 0.1%, better than the estimated 0.2% from two analysts [1] - Total noninterest income reached $27.16 million, exceeding the average estimate of $26.72 million from three analysts [1] - Net interest income was reported at $59.72 million, surpassing the average estimate of $57.46 million from two analysts [1] - Capital markets revenue was $16.29 million, slightly above the estimated $16 million from two analysts [1] - Deposit service fees totaled $2.29 million, exceeding the average estimate of $2 million from two analysts [1] - Gains on sales of residential real estate loans were $0.39 million, below the average estimate of $0.60 million from two analysts [1] - Net interest income - tax equivalent (non-GAAP) was $69.27 million, higher than the average estimate of $66.39 million from two analysts [1] Stock Performance - Shares of QCR Holdings have returned +6.5% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [2]