Buoyed by a one-time gain on the sale of its merchant credit card acquiring business, QCR Holdings Inc. in Moline, Ill., said Friday that third-quarter earnings rose 169% from a year earlier, to $4.3 million.

The $1.6 billion-asset, four-bank holding company said it earned $3 million on the sale, which helped to offset the $2.2 million it set aside for loan losses, up from $1 million a year earlier.

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