QCR Holdings Inc (QCRH) shares are soaring 7.04% in pre-market trading on Thursday, following the company's impressive third-quarter earnings report released late Wednesday. The financial services company significantly outperformed analyst expectations, driving investor enthusiasm.

QCR Holdings reported adjusted earnings of $2.17 per diluted share for Q3, a substantial increase from $1.78 in the same period last year. This result far exceeded the FactSet analyst consensus estimate of $1.75 per share. The company's revenue, calculated as the sum of net interest income and total noninterest income, reached $101.5 million for the quarter ended September 30, up from $86.9 million a year earlier and surpassing the $98.4 million forecast by analysts.

The strong quarterly performance demonstrates QCR Holdings' ability to grow its business and improve profitability in the current economic environment. Investors are responding positively to these results, as evidenced by the stock's significant pre-market surge. As financial sector stocks often react strongly to earnings reports, QCR Holdings' impressive beat on both top and bottom lines is likely the primary driver behind the stock's notable 7.04% jump.