Qcr Holdings - QCRH STOCK NEWS

QCR Holdings, Inc. (NASDAQ: QCRH) reported a record annual net income of $98.9 million or $6.20 per diluted share for 2021, despite a fourth quarter net income drop to $27.0 million from $31.6 million in Q3 2021. Adjusted net income for Q4 was $27.4 million. The company saw loan and lease growth of 12.0% in Q4 and 16.9% for the full year, with a strong net interest income of $46.5 million. Nonperforming assets improved by 60% in Q4. The company also plans to acquire Guaranty Federal Bancshares, enhancing its market presence.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its fourth quarter and fiscal year 2021 financial results on January 25, 2022, after market close. A conference call will follow on January 26, 2022, at 10:00 a.m. Central Time, inviting shareholders and analysts to discuss the results. Participants can join by dialing 888-346-9286 (international 412-317-5253) and accessing a replay through February 2, 2022. As of September 30, 2021, QCR Holdings had approximately $6.0 billion in assets, $4.6 billion in loans, and $4.9 billion in deposits.

QCR Holdings (NASDAQ: QCRH) has announced a definitive agreement to acquire Guaranty Federal Bancshares (NASDAQ: GFED) and merge Guaranty Bank into Springfield First Community Bank. The merger aims to enhance QCR's market presence in southwest Missouri, increasing total assets to approximately $2 billion and deposits to $1.6 billion. The agreement includes a transaction valued at $151.6 million, with Guaranty shareholders receiving cash and stock options. This strategic move is expected to accelerate growth and provide significant earnings accretion of about 13% in the first full year.

On November 4, 2021, QCR Holdings, Inc. (NASDAQ: QCRH) declared a cash dividend of $0.06 per share, payable on January 5, 2022. Shareholders of record by December 17, 2021 will be eligible. As of September 30, 2021, QCR Holdings reported approximately $6.0 billion in assets, $4.6 billion in loans, and $4.9 billion in deposits, showcasing its solid financial standing. The company operates multiple banks across Iowa, Missouri, Wisconsin, and Illinois, serving various communities with comprehensive banking services.

QCR Holdings (NASDAQ: QCRH) reported a record net income of $31.6 million, or $1.99 per diluted share, for Q3 2021. This marks significant growth from $22.3 million and $1.39 EPS in Q2 2021. The company also achieved an annualized core loan growth of 23% and core deposit growth of 15.6%. Nonperforming assets improved by 32%, now at 0.11% of total assets. Additionally, net interest income increased to $46.2 million, up from $43.5 million in the prior quarter.

QCR Holdings, Inc. (NASDAQ: QCRH) has announced the release date for its third quarter financial results, which will be available after market close on October 27, 2021. A conference call is scheduled for October 28, 2021, at 10:00 a.m. Central Time to discuss these results. The event is open to shareholders and analysts, and participants can access it via a dedicated telephone line or through a webcast available on the company’s website. As of June 30, 2021, QCR Holdings reported approximately $5.8 billion in assets.

QCR Holdings, Inc. (NASDAQ: QCRH) has declared a cash dividend of $0.06 per share, payable on October 6, 2021. This dividend announcement was made on August 19, 2021, and shareholders of record as of September 17, 2021 will be eligible. With approximately $5.8 billion in assets and $4.7 billion in deposits as of June 30, 2021, QCR Holdings operates multiple banks across Iowa, Missouri, Wisconsin, and Illinois, providing diverse banking services to the Quad Cities and surrounding areas.

QCR Holdings, Inc. reported record net income of $22.3 million or $1.39 per diluted share for Q2 2021, up from $18.0 million in Q1 2021. Adjusted net income increased to $22.5 million with a NIM of 3.28%. Core loan and lease growth was 14.9% annually, with total loans/leases reaching $4.3 billion. Nonperforming assets improved by 28% to 0.17% of total assets. The company resumed share repurchases, buying back 100,000 shares at $48.00 each, while maintaining strong capital ratios.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its financial results for the second quarter ended June 30, 2021, after market close on July 26, 2021. The Company invites shareholders and analysts to a conference call scheduled for July 27, 2021, at 10:00 a.m. Central Time to discuss these results. Interested parties can access the call via a designated dial-in number or through a live webcast available on the Company's website. The event will be archived for replay until August 10, 2021.