QCR Holdings, Inc. Announces Annual Meeting Results and a Cash Dividend of $0.06 Per Share

Rhea-AI Summary

QCR Holdings, Inc. (NASDAQ: QCRH) held its annual stockholder meeting on May 23, 2022, where three Class II directors, Brent R. Cobb, Larry J. Helling, and Mark C. Kilmer, were re-elected for three-year terms. Additionally, the Board declared a cash dividend of $0.06 per share, set to be paid on July 6, 2022, to shareholders on record as of June 17, 2022. As of March 31, 2022, QCR Holdings reported approximately $6.2 billion in assets, $4.8 billion in loans, and $4.8 billion in deposits, solidifying its position in multiple banking communities.

Positive

• Re-election of experienced directors supports strategic continuity.
• Announcement of $0.06 cash dividend increases shareholder value.

Negative

• None.

MOLINE, Ill., May 23, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of three Class II directors at the Company’s annual meeting of its stockholders. The directors, Brent R. Cobb, Larry J. Helling, and Mark C. Kilmer, were re-elected to three-year terms.

Additionally, on May 19, 2022, the Company’s Board of Directors declared a cash dividend of $0.06 per share payable on July 6, 2022, to holders of common stock of the Company of record on June 17, 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 March 31, 2022, the Company had approximately $6.2 billion in assets, $4.8 billion in loans and $4.8 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

Contacts:
Todd A. Gipple	Kim K. Garrett
President	Vice President, Corporate Communications
Chief Operating Officer	Investor Relations Manager
Chief Financial Officer	(319) 743-7006
(309) 743-7745	kgarrett@qcrh.com
tgipple@qcrh.com

FAQ

What was the cash dividend declared by QCR Holdings in 2022?

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

When will QCRH's dividend be paid?

The dividend will be paid on July 6, 2022.

Who were re-elected as directors of QCR Holdings?

Brent R. Cobb, Larry J. Helling, and Mark C. Kilmer were re-elected.

What are QCR Holdings' total assets as of March 31, 2022?

As of March 31, 2022, QCR Holdings reported approximately $6.2 billion in assets.