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, payable on April 5, 2023. This dividend is for shareholders of record as of March 17, 2023. QCR Holdings operates through multiple banks in the Midwest, providing a range of commercial and consumer banking services. As of December 31, 2022, the company reported approximately $7.9 billion in assets, $6.1 billion in loans, and $6.0 billion in deposits. The announcement reflects the company’s commitment to returning value to shareholders.

Positive

• Declared a cash dividend of $0.06 per share, indicating financial stability.
• Reported approximately $7.9 billion in assets, showcasing strong financial health.
• Demonstrates commitment to returning value to shareholders through dividends.

Negative

• None.

MOLINE, Ill., Feb. 17, 2023 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on February 15, 2023, the Company’s board of directors declared a cash dividend of $0.06 per share payable on April 5, 2023, to holders of common stock of the Company of record on March 17, 2023.

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 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2022, the Company had approximately $7.9 billion in assets, $6.1 billion in loans and $6.0 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 QCRH in 2023?

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

When is the dividend payment date for QCRH?

The dividend is payable on April 5, 2023.

What is the record date for QCRH's dividend?

The record date for the dividend is March 17, 2023.

What are the total assets of QCR Holdings as of December 31, 2022?

As of December 31, 2022, QCR Holdings reported approximately $7.9 billion in assets.