MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Tuesday reported fourth-quarter net income of $32.9 million.

The Moline, Illinois-based bank said it had earnings of $1.95 per share. Earnings, adjusted for non-recurring costs, were $1.97 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The bank holding company posted revenue of $160 million in the period. Its revenue net of interest expense was $103.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $81.6 million.

For the year, the company reported profit of $113.6 million, or $6.73 per share. Revenue was reported as $353.7 million.

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