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

Rhea-AI Summary

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.

Positive

• Declared a cash dividend of $0.06 per share, indicating shareholder returns.
• Strong asset base of approximately $7.4 billion.
• Total loans and deposits also at $5.8 billion, showing stability.

Negative

• None.

MOLINE, Ill., Aug. 19, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on August 18, 2022, the Company’s board of directors declared a cash dividend of $0.06 per share payable on October 5, 2022, to holders of common stock of the Company of record on September 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. Including the Guaranty Bank acquisition, the Company now has 40 locations in Iowa, Missouri, Wisconsin and Illinois. As of June 30, 2022, the Company had approximately $7.4 billion in assets, $5.8 billion in loans and $5.8 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 declared by QCR Holdings?

QCR Holdings declared a cash dividend of $0.06 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 5, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is September 16, 2022.

What financials did QCR Holdings report as of June 30, 2022?

As of June 30, 2022, QCR Holdings reported approximately $7.4 billion in assets, $5.8 billion in loans, and $5.8 billion in deposits.