QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share

Rhea-AI Summary

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.

Positive

• Declared cash dividend of $0.06 per share, demonstrating financial stability and shareholder return.

Negative

• None.

MOLINE, Ill., Nov. 04, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on November 3, 2022, the Company’s board of directors declared a cash dividend of $0.06 per share payable on January 5, 2023, to holders of common stock of the Company of record on December 16, 2022.

About Us

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly-owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank on April 1, 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company offers equipment loans and leases to businesses through its wholly-owned subsidiary, m2 Equipment Finance, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The Company has 40 locations in Iowa, Missouri, Wisconsin and Illinois. As of September 30, 2022, the Company had approximately $7.7 billion in assets, $6.0 billion in loans and $5.9 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

Contacts:

Todd A. Gipple                                        
President                                        
Chief Operating Officer                                
Chief Financial Officer                                
(309) 743-7745                                        
tgipple@qcrh.com

FAQ

What is the dividend amount for QCR Holdings?

The dividend amount declared by QCR Holdings is $0.06 per share.

When will the dividend be paid to QCRH shareholders?

The dividend will be paid on January 5, 2023.

What is the record date for QCR Holdings' dividend?

The record date for the dividend is December 16, 2022.