Welcome to our dedicated page for QCR Holdings news (Ticker: QCRH), a resource for investors and traders seeking the latest updates and insights on QCR Holdings stock.
QCR Holdings Inc (NASDAQ: QCRH) is a distinguished multi-bank holding company headquartered in Moline, Illinois. The company serves diverse communities across the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield through its wholly-owned subsidiary banks. These include Quad City Bank & Trust Company, Cedar Rapids Bank & Trust Company, Community State Bank, and Guaranty Bank.
Core Business Segments
- Commercial Banking: Providing full-service commercial and consumer banking through community-based branches.
- Wealth Management: Offering trust and wealth management services to individuals and businesses.
Recent Achievements
- Announced net income of $32.9 million for Q4 2023, a record for the company.
- Completed two significant loan securitizations in low-income housing tax credits (LIHTC), amounting to $265 million.
- Increased tangible book value per share by 35% annualized during Q4 2023.
Financial Performance
- Reported net interest income of $55.7 million for Q4 2023, showing positive growth trends.
- Core deposits grew by 6% in 2023, reflecting strong customer loyalty and market expansion.
- Maintained strong asset quality with nonperforming assets (NPAs) at 0.40% of total assets.
Partnerships and Strategic Initiatives
- Deep-rooted partnerships with local communities to drive economic growth.
- Focus on expanding market share and building lasting relationships with clients.
QCR Holdings is dedicated to its mission of being the premier provider of financial services to businesses and individuals who value relationships, in markets where it can excel. With a strong balance sheet, solid financial performance, and strategic initiatives, QCR Holdings continues to deliver impressive results and add value for its shareholders.
Rhea-AI Summary
QCR Holdings, Inc. reported net income of $26.7 million and diluted earnings per share of $1.58 for the first quarter of 2024. The company achieved annualized core deposit growth of 20.3% and increased tangible book value per share by 10.2%. Despite a decrease in net interest income, the company saw strong noninterest income, well-controlled expenses, exceptional core deposit growth, and continued loan growth. Asset quality remained excellent, with strong capital levels and improved ratios across the board.
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QCR Holdings, Inc. (NASDAQ: QCRH) will release its first quarter financial results on April 23, 2024, followed by a conference call on April 24, 2024. Shareholders and analysts can join to discuss the results.
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QCR Holdings, Inc. (QCRH) declared a cash dividend of $0.06 per share, payable on April 3, 2024, to common stockholders of record on March 15, 2024.
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Rhea-AI Summary
QCR Holdings, Inc. (QCRH) reported record quarterly net income of $32.9 million and diluted EPS of $1.95 for Q4 2023, compared to $25.1 million and $1.49 for Q3 2023. Full-year net income was $113.6 million, or $6.73 per share. Capital Markets Revenue was $37.0 million, and the TCE/TA ratio improved by 70 basis points to 8.75%. NIM increased by 1 basis point. Loan and lease growth was 11% prior to loan securitizations, and deposit growth was 9%. The Company's noninterest income was $47.7 million, including a record $37.0 million of Capital Markets Revenue. Noninterest expenses were $60.9 million, and the Company's loans and leases held for investment grew $213.4 million. The ratio of NPAs to total assets improved to 0.40%. The Company's total risk-based capital ratio was 14.15%, and the tangible book value per share increased by $3.48, or 35% annualized during the fourth quarter.
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QCR Holdings, Inc. (NASDAQ: QCRH) to release financial results for Q4 and fiscal year 2023 on January 23, 2024. Conference call and webcast scheduled for January 24, 2024, at 10:00 a.m. Central Time.
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QCR Holdings, Inc. (NASDAQ: QCRH) successfully closed two securitizations, selling $265 million of low-income housing tax credit (LIHTC) loans through its subsidiary Cedar Rapids Bank & Trust. The first securitization of $130 million of tax-exempt LIHTC loans was part of the Freddie Mac-sponsored M-Series, while the second securitization of $135 million of taxable LIHTC loans was part of the Freddie Mac-sponsored Q-Series. Both transactions were designated as Social Bonds by Freddie Mac. The company recognized a net gain on sale of $664 thousand.
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QCR Holdings, Inc. (NASDAQ: QCRH) declares $0.06 cash dividend per share, payable on January 4, 2024, to holders of common stock of the Company of record on December 15, 2023.
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QCR Holdings, Inc. reports net income of $25.1 million and diluted earnings per share of $1.49 for Q3 2023. Adjusted net income and diluted EPS were $25.4 million and $1.51, respectively. Net interest income increased by 3.9% from Q2. Capital Markets Revenue was $15.6 million year-to-date. Tangible book value per share increased by 3.4% annually.
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QCR Holdings, Inc. to release Q3 2023 financial results on October 25, 2023.
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QCR Holdings, Inc. declares cash dividend of $0.06 per share.
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FAQ
What is the current stock price of QCR Holdings (QCRH)?
The current stock price of QCR Holdings (QCRH) is $81.62 as of December 20, 2024.
What is the market cap of QCR Holdings (QCRH)?
The market cap of QCR Holdings (QCRH) is approximately 1.4B.
What does QCR Holdings Inc do?
QCR Holdings Inc is a multi-bank holding company that provides commercial and consumer banking, as well as wealth management services.
What are the core business segments of QCR Holdings Inc?
The core business segments are Commercial Banking and Wealth Management.
Where is QCR Holdings Inc headquartered?
QCR Holdings Inc is headquartered in Moline, Illinois.
How did QCR Holdings Inc perform financially in Q4 2023?
QCR Holdings Inc reported a record net income of $32.9 million and saw significant growth in core deposits and loan securitizations.
What recent achievements has QCR Holdings Inc announced?
Recent achievements include record quarterly net income, significant loan securitizations, and a 35% annualized increase in tangible book value per share.
What is the company's strategy for future growth?
QCR Holdings focuses on expanding market share, building lasting client relationships, and executing strategic initiatives to drive growth.
How many locations does QCR Holdings Inc operate?
QCR Holdings operates 36 locations across Iowa, Missouri, Wisconsin, and Illinois.
What financial metrics highlight QCR Holdings Inc's performance?
Key financial metrics include net interest income, core deposit growth, and nonperforming asset ratios.
What is QCR Holdings Inc's approach to asset quality?
The company maintains strong asset quality, with a focus on minimizing nonperforming assets and maintaining solid capital levels.
Where can I find more information about QCR Holdings Inc?
For more details, visit the company's official website at www.qcrh.com.
QCR Holdings Inc
Nasdaq:QCRH
QCRH Rankings
QCRH Stock Data
1.36B
16.28M
3.47%
74.3%
0.84%
Banks - Regional
State Commercial Banks
United States of America
MOLINE