QCR Holdings (QCRH) Q2 Earnings Report Preview: What To Look For

Midwest regional bank QCR Holdings (NASDAQGM:QCRH) will be announcing earnings results this Wednesday after market hours. Here’s what investors should know.

QCR Holdings missed analysts’ revenue expectations by 11.5% last quarter, reporting revenues of $76.88 million, down 14.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ net interest income estimates and EPS in line with analysts’ estimates.

Is QCR Holdings a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting QCR Holdings’s revenue to decline 9.1% year on year to $85.19 million, a reversal from the 1.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.59 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. QCR Holdings has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 14.6% on average.

Looking at QCR Holdings’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Capital Bank delivered year-on-year revenue growth of 15.2%, beating analysts’ expectations by 2.7%, and Nicolet Bankshares reported revenues up 12.7%, topping estimates by 4.4%. Texas Capital Bank traded up 4.8% following the results while Nicolet Bankshares was also up 7.8%.

Read our full analysis of Texas Capital Bank’s results here and Nicolet Bankshares’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 7.8% on average over the last month. QCR Holdings is up 13.3% during the same time and is heading into earnings with an average analyst price target of $84.80 (compared to the current share price of $75.27).

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