Qcr Holdings Stock Price, News & Analysis

QCR Holdings (QCRH) reported strong fourth quarter and full-year 2024 results, with quarterly net income of $30.2 million ($1.77 per diluted share) and record annual net income of $113.9 million ($6.71 per diluted share). The company achieved record quarterly net interest income of $61.2 million and expanded its net interest margin by 5 basis points.

Key highlights include significant capital markets revenue of $20.6 million in Q4, including a $1.4 million gain from a low-income housing tax credit securitization. The company demonstrated strong loan growth of 10% (prior to securitizations) and deposit growth of 8% for the full year. Tangible book value per share increased by $6.40, or 15% for the year.

Asset quality metrics showed some normalization with NPAs at 0.50% of total assets. The company maintains strong liquidity with $4 billion available and robust capital levels, with a total risk-based capital ratio of 14.10%.

QCR Holdings (NASDAQ: QCRH) has announced the release schedule for its fourth quarter and fiscal year 2024 financial results. The company will release its financial results after market close on Wednesday, January 22, 2025.

A conference call and webcast will be held the following day, Thursday, January 23, 2025, at 10:00 a.m. Central Time to discuss the results. Shareholders and interested parties can join via teleconference using dial-in numbers 888-346-9286 (domestic) or 412-317-5253 (international). The event replay will be available through January 30, 2025, accessible via 877-344-7529 (domestic) or 412-317-0088 (international) with access code 8346661. A webcast will also be available on the company's News and Events page.

QCR Holdings (NASDAQ: QCRH) has announced that its Board of Directors declared a cash dividend of $0.06 per share. The dividend will be payable on January 3, 2025, to shareholders of record as of December 13, 2024. The announcement was made on November 22, 2024, following the board's decision on November 20, 2024.

QCR Holdings reported Q3 2024 net income of $27.8 million, or $1.64 per diluted share, with adjusted net income of $30.3 million ($1.78 per diluted share). Key highlights include a 6% increase in net interest income to $59.7 million, net interest margin expansion of 8 basis points to 3.34%, and strong capital markets revenue of $16.3 million. The company demonstrated robust core deposit growth of $166.3 million (10.3% annualized) and maintained excellent asset quality with a nonperforming assets ratio of 0.39%. Tangible book value per share grew by $2.35 (20% annualized), while the TCE ratio improved to 9.24%.

QCR Holdings, Inc. (NASDAQ: QCRH) has announced the release date for its third quarter 2024 financial results. The results will be made public after market close on Wednesday, October 23, 2024. Following this, the company will host a conference call and webcast on Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss the results.

Interested parties can join the teleconference by dialing 888-346-9286 (international: 412-317-5253) and requesting to join the QCR Holdings, Inc. call. The event will be archived and available for replay until October 31, 2024, with replay access information at 877-344-7529 (international: 412-317-0088), access code 4892655. A webcast of the teleconference can be accessed on the company's News and Events page at www.qcrh.com, with an archived version available shortly after the live event.

QCR Holdings (NASDAQ: QCRH) has announced the discontinuation of new loans and leases through its equipment finance subsidiary, m2 Equipment Finance. This strategic decision aims to improve profitability, increase liquidity, reduce credit losses, and allow for capital allocation to assets with higher risk-adjusted returns. m2 will continue servicing its existing $360 million portfolio with a reduced staff, expected to amortize over the next 3 years.

The company anticipates one-time restructuring expenses of $2.1 million and a goodwill write-down of $0.4 million in Q3 2024. However, QCRH expects to recover these costs within two quarters. CEO Larry J. Helling emphasized that this move will enable the company to focus on business units with greater potential for building client relationships and deposit gathering.

QCR Holdings, Inc. (NASDAQ: QCRH) has announced two significant developments. Firstly, the company has appointed James R. Batten and Amy L. Reasner to its Board of Directors, expanding it from 11 to 13 members. Both new directors bring valuable expertise and strong ties to the markets served by QCR Holdings.

Secondly, the company has declared a cash dividend of $0.06 per share, payable on October 2, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders.

The appointments and dividend declaration were made effective on August 21, 2024, signaling a strategic move to strengthen the company's leadership and maintain investor confidence.

Enova International (NYSE: ENVA), a leading financial services company, has announced the appointment of Lindsay Corby to its Board of Directors, effective immediately. Corby, currently the Chief Financial Officer at Chicago Trading Company, brings extensive financial industry experience to Enova's board. Her background includes roles as CFO at Byline Bank and senior leadership positions at BXM Holdings and Keefe and Bruyette & Woods. Corby has also served on the boards of QCR Holdings and Innerworkings.

Enova's CEO, David Fisher, expressed enthusiasm about Corby joining the board, highlighting her potential contribution to the company's growth strategy and shareholder value creation. Corby's educational background includes an M.S. in Accounting, a B.A. in Spanish, and a B.B.A. in Accounting from Southern Methodist University. She is also a registered Certified Public Accountant.

QCR Holdings (NASDAQ: QCRH) reported strong Q2 2024 results with net income of $29.1 million and diluted EPS of $1.72. Key highlights include:

- Net interest income up 3% from Q1, with 11% annualized growth
- Noninterest income increased 15% to $30.9 million
- Strong capital markets revenue of $17.8 million
- Well-controlled expenses at $49.9 million, down 2% from Q1
- Tangible book value per share grew 15% annualized
- Solid loan growth of 9.5% annualized year-to-date
- Excellent asset quality with NPAs to total assets at 0.39%
- Strong capital levels with total risk-based capital ratio at 14.33%

The company maintained its 8-10% loan growth target for 2024 and expects Q3 adjusted NIM TEY to be static to up 5 basis points.