Welcome to our dedicated page for Qcr Holdings news (Ticker: QCRH), a resource for investors and traders seeking the latest updates and insights on Qcr Holdings stock.
QCR Holdings, Inc. (NASDAQ: QCRH) is a relationship-driven, multi-bank holding company headquartered in Moline, Illinois. Through its subsidiary banks, the company provides full-service commercial and consumer banking, along with trust and wealth management services, to communities in the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, Springfield, and Waterloo/Cedar Falls markets.
This news page aggregates coverage of QCR Holdings’ key corporate and financial developments. Readers can find announcements about quarterly and annual financial results, including details on net income, net interest income, capital markets revenue, loan and deposit trends, and asset quality metrics discussed in the company’s earnings press releases.
News items also include information on dividend declarations, subordinated note issuances and redemptions, and share repurchase authorizations
In addition, investors can review announcements of investor conference calls and webcasts, where management discusses recent financial performance and operating trends. Credit rating actions on QCR Holdings’ subordinated notes, including rating assignments and outlooks, may also appear in the news flow.
For anyone tracking QCRH stock, this page offers a centralized view of the company’s publicly released information, from earnings and capital actions to dividends and strategic funding decisions. Bookmark this section to quickly access the latest press releases and related updates about QCR Holdings, Inc.
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.
QCR Holdings (NASDAQ: QCRH) announced it will release its second quarter 2024 financial results after the market closes on July 24, 2024.
The Company will host a conference call and webcast on July 25, 2024, at 10:00 a.m. Central Time to discuss the results.
Interested parties can join the call by dialing 888-346-9286 (international 412-317-5253).
The event will be available for replay through August 1, 2024, by calling 877-344-7529 (international 412-317-0088), access code 8771212.
A webcast can also be accessed and will be archived on the Company’s website.
QCR Holdings (QCRH) announced the retirement of John H. Anderson, Chief Deposit Officer and CEO of its subsidiary Quad City Bank and Trust (QCBT). Effective January 3, 2025, Anderson will retire after a 40-year career in the Quad Cities banking industry, including 26 years with QCBT and 17 years as its CEO. Laura 'Divot' Ekizian, current President and Chief Relationship Officer of QCBT, will succeed him as CEO while maintaining her role as President. The transition will be managed smoothly over the next few months, with Anderson working closely with Ekizian. QCRH CEO Larry Helling thanked Anderson for his leadership and contributions.
QCR Holdings announced the re-election of four Class I directors, Mary Kay Bates, John-Paul E. Besong, Todd A. Gipple, and Donna J. Sorenson, at its annual stockholders' meeting. These directors will serve three-year terms. Additionally, the Board of Directors declared a cash dividend of $0.06 per share. The dividend is payable on July 3, 2024, to shareholders of record as of June 14, 2024.
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