Qcr Holdings - QCRH STOCK NEWS

QCR Holdings, Inc. (NASDAQ: QCRH) reported strong financial results for Q4 2022, with net income of $30.9 million and diluted EPS of $1.81, a rise from $29.3 million and $1.71 for Q3 2022. The adjusted net income was $31.1 million, or $1.83 per diluted share. Annual net income reached $99.1 million, a 14.8% increase in adjusted figures. Key highlights included record net interest income of $65.2 million and a net interest margin of 3.62%. Nonperforming assets improved by 51%, representing only 0.11% of total assets. The company's loan and lease growth stood at 14.6% for the year, showcasing robust performance amid economic conditions.

QCR Holdings, Inc. (NASDAQ: QCRH) will announce its fourth quarter and fiscal year financial results on January 24, 2023, after market hours. A conference call is scheduled for January 25, 2023, at 11:00 a.m. Central Time to discuss the results. The call invites shareholders and analysts to join in the discussion. The event will be archived for replay until February 1, 2023. As of September 30, 2022, QCR Holdings had approximately $7.7 billion in assets, $6.0 billion in loans, and $5.9 billion in deposits.

QCR Holdings, Inc. (NASDAQ: QCRH) has extended its registered exchange offer for up to $45 million of Fixed-to-Floating Rate Subordinated Notes due 2032. The new expiration date is December 19, 2022, an extension from the original deadline of December 12, 2022. As of the previous deadline, approximately 91.7% of the outstanding notes, totaling $41.25 million, had been tendered. This exchange offer involves securities that were previously issued in a private placement on August 18, 2022, and the terms are detailed in a prospectus dated November 7, 2022.

QCR Holdings, Inc. (NASDAQ: QCRH) announced a cash dividend of $0.06 per share on November 3, 2022. This dividend is payable on January 5, 2023, to holders of common stock recorded by December 16, 2022. The company, headquartered in Moline, Illinois, operates in multiple regions providing full-service banking and wealth management through various subsidiaries.

QCR Holdings, Inc. (NASDAQ: QCRH) reported a robust third quarter in 2022 with net income of $29.3 million or $1.71 per diluted share, an increase from $15.2 million in Q2 2022. Adjusted net income was $28.9 million. The company's annualized loan growth reached 14.5%, with total loans surpassing $6 billion. Net interest income grew to $60.8 million, reflecting strong loan activity and NIM at 3.46%. Total risk-based capital increased to 14.55%, bolstered by a $100 million issuance of subordinated debt. Nonperforming assets improved to 0.23% of total assets.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its Q3 financial results on October 26, 2022, after market close. A conference call will follow on October 27, 2022, at 10:00 a.m. Central Time to discuss the results, accessible via phone or webcast. As of June 30, 2022, QCR Holdings reported approximately $7.4 billion in assets, with $5.8 billion in loans and deposits. The company operates multiple banking subsidiaries across the Midwest, focusing on full-service commercial, consumer banking, and wealth management services.

QCR Holdings, Inc. (NASDAQ: QCRH) declared a cash dividend of $0.06 per share on August 18, 2022. This dividend will be payable on October 5, 2022, to shareholders on record as of September 16, 2022. QCR Holdings operates multi-bank subsidiaries across various regions, offering commercial and consumer banking services. As of June 30, 2022, the company reported approximately $7.4 billion in assets, $5.8 billion in loans, and $5.8 billion in deposits, reflecting solid financial standing.

QCR Holdings, Inc. (NASDAQ: QCRH) announced the completion of a $100 million private placement of subordinated notes, divided into two tranches: $45 million due September 2032 and $55 million due September 2037. The 2032 Notes will carry a fixed interest rate of 5.50% initially, switching to a floating rate thereafter, while the 2037 Notes will start at 5.95%. The funds will be utilized for general corporate purposes, including potential stock repurchases. CEO Larry J. Helling emphasized the importance of preparing for economic uncertainties.

QCR Holdings reported net income of $15.2 million or $0.87 per diluted share for Q2 2022, a decrease from $23.6 million or $1.49 in Q1 2022. Adjusted net income rose to $30.4 million, or $1.73 per diluted share. The acquisition of Guaranty Federal Bancshares added $1.3 billion in assets and led to a 14% loan growth. The company repurchased 602,500 shares at an average price of $54.80. NIM expanded to 3.53% from 3.30% in the previous quarter. Nonperforming assets increased by $21.3 million due to the acquisition.