QCR Holdings Q4 net income increases

QCR Holdings, Inc., a provider of commercial and consumer banking services, has reported that net income attributable to the company's common stockholders for the fourth quarter ended December 31, 2012 was $2.44 million, or $0.49 per diluted share, compared to $1.7 million, or $0.35 per diluted share, for the fourth quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $14.3 million, compared to $14.16 million for the fourth quarter ended December 31, 2011.

Net income attributable to the company's common stockholders for the year ended December 31, 2012 was $9.12 million, or $1.85 per diluted share, compared to $4.41 million, or $0.92 per diluted share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $57.65 million, compared to $54.14 million for the year ended December 31, 2011.

"We are pleased with our record earnings for the fourth quarter and the year," stated Douglas Hultquist, President and CEO. "This marks two consecutive years of record earnings which is commendable considering the challenging economic and regulatory environment. The favorable earnings trends clearly indicate that our relationship-based banking model continues to be successful."