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.
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.
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.
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.
QCR Holdings, Inc. (NASDAQ: QCRH) will release its first quarter financial results for the period ending March 31, 2021, after market close on April 27, 2021. A conference call to discuss these results will be held the following day, April 28, 2021, at 10:00 a.m. Central Time. Interested parties can join by dialing 888-346-9286 (international 412-317-5253). The event will be archived for replay until May 12, 2021. As of December 31, 2020, QCR Holdings reported $5.7 billion in assets and $4.6 billion in deposits.
QCR Holdings, Inc. (NASDAQ: QCRH) declared a cash dividend of $0.06 per share on February 17, 2021. This dividend will be payable on April 7, 2021, to shareholders of record as of March 19, 2021. The company, based in Moline, Illinois, serves communities through its subsidiary banks, offering commercial and consumer banking, as well as trust and wealth management services. As of December 31, 2020, QCRH had approximately $5.7 billion in assets and $4.3 billion in loans.
QCR Holdings, Inc. (NASDAQ: QCRH) reported record financial results for Q4 2020, with net income reaching $18.3 million, or $1.14 per diluted share, compared to $17.3 million in Q3 2020. Adjusted net income was $19.1 million, with a diluted EPS of $1.20. Noninterest income was $32.0 million for the quarter, contributing to a total of $113.8 million for the year, an increase of 71% year-over-year. Core loan growth was 9.0% for the quarter while nonperforming assets improved by 22% to just 0.26% of total assets. However, net interest income slightly declined to $43.7 million due to lower yields.
QCR Holdings, Inc. (NASDAQ: QCRH) announced the retirement of Rob Fulp as CEO of SFC Bank after nine years, effective January 19, 2021. Monte McNew, previously President of SFC Bank since 2014, has been appointed as the new CEO. McNew has a strong track record of growth in commercial and residential lending and aims to maintain exceptional service while supporting the community. QCR Holdings, operating several banks across Iowa and Missouri, reported approximately $5.9 billion in assets and $4.2 billion in loans as of September 30, 2020.
QCR Holdings, Inc. (NASDAQ: QCRH) will release its fourth quarter and fiscal year financial results for the year ended December 31, 2020, after market close on January 27, 2021. A conference call will take place on January 28, 2021, at 10:00 AM CT to discuss the results. Interested parties can join the call by dialing 888-346-9286 (international 412-317-5253). The event will be archived for replay until February 11, 2021.
The company, headquartered in Moline, Illinois, operates multiple banks and had approximately $5.9 billion in assets as of September 30, 2020.
On November 5, 2020, QCR Holdings, Inc. (NASDAQ: QCRH) announced a cash dividend of $0.06 per share, payable on January 6, 2021, for stockholders of record as of December 18, 2020. The company, based in Moline, Illinois, manages multi-bank operations across several communities, providing full-service banking and wealth management. As of September 30, 2020, QCR Holdings reported approximately $5.9 billion in assets, $4.2 billion in loans, and $4.7 billion in deposits.
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