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QCR Holdings Inc - QCRH STOCK NEWS

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

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.

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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.

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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.

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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.

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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.

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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.

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QCR Holdings, Inc. (NASDAQ: QCRH) announced the election of Marie Z. Ziegler as Chair of the Board of Directors, succeeding Patrick S. Baird, who will remain on the Board. Additionally, the Board declared a cash dividend of $0.06 per share, payable on July 7, 2021, to stockholders of record on June 18, 2021. As of March 31, 2021, the Company reported approximately $5.6 billion in assets, $4.4 billion in loans, and $4.6 billion in deposits, highlighting its strong position in the banking sector.

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QCR Holdings, Inc. (NASDAQ: QCRH) has resumed its share repurchase program, initially authorized on February 13, 2020, after a suspension due to the COVID-19 pandemic. The Board approved the repurchase of up to 699,068 shares, reflecting a commitment to enhance shareholder value. CEO Larry J. Helling emphasized the program as a tool for capital allocation, citing strong financial performance. The repurchase can occur through various means, subject to market conditions and legal requirements.

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QCR Holdings, Inc. reported net income of $18.0 million for Q1 2021, equivalent to $1.12 per diluted share. This reflects a slight decrease from the previous quarter's net income of $18.3 million and EPS of $1.14. Total noninterest income reached $23.5 million, while core loan growth was strong at 14.0%, totaling $4.1 billion. The net interest margin improved to 3.26%. The company maintained a low nonperforming asset ratio of 0.25% of total assets, indicating stable asset quality.

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FAQ

What is the current stock price of QCR Holdings (QCRH)?

The current stock price of QCR Holdings (QCRH) is $81.85 as of December 24, 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

1.38B
16.28M
3.47%
74.3%
0.84%
Banks - Regional
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United States of America
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