Qcr Holdings Stock Price, News & Analysis

QCR Holdings, Inc. announced strong financial results for the first quarter of 2023, reporting a net income of $27.2 million and diluted earnings per share of $1.60. Adjusted net income reached $28.0 million with adjusted diluted EPS at $1.65. Capital Markets Revenue from swap fees increased by 50% to $17.0 million. The company's core deposits grew by 1.4%, and they maintained a strong liquidity position with approximately $1.5 billion available. The tangible book value per share rose 5.1%, and the total risk-based capital ratio stood at 14.50%. However, net interest income fell to $56.8 million, down from $65.2 million in the previous quarter.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its financial results for Q1 2023 on April 26, 2023, after market close. A conference call will be held on April 27, 2023, at 10:00 a.m. CT to discuss these results, inviting shareholders and analysts to participate. The call can be accessed at 888-346-9286, with an international option at 412-317-5253. The event will be archived for replay until May 4, 2023. QCR Holdings operates multiple banking subsidiaries in Iowa, Missouri, Wisconsin, and Illinois, with approximately $7.9 billion in assets, as of December 31, 2022.

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.

QCR Holdings, Inc. (NASDAQ: QCRH) reported strong financial results for Q4 2022, with net income of $30.9 million and diluted EPS of $1.81, a rise from $29.3 million and $1.71 for Q3 2022. The adjusted net income was $31.1 million, or $1.83 per diluted share. Annual net income reached $99.1 million, a 14.8% increase in adjusted figures. Key highlights included record net interest income of $65.2 million and a net interest margin of 3.62%. Nonperforming assets improved by 51%, representing only 0.11% of total assets. The company's loan and lease growth stood at 14.6% for the year, showcasing robust performance amid economic conditions.

QCR Holdings, Inc. (NASDAQ: QCRH) will announce its fourth quarter and fiscal year financial results on January 24, 2023, after market hours. A conference call is scheduled for January 25, 2023, at 11:00 a.m. Central Time to discuss the results. The call invites shareholders and analysts to join in the discussion. The event will be archived for replay until February 1, 2023. As of September 30, 2022, QCR Holdings had approximately $7.7 billion in assets, $6.0 billion in loans, and $5.9 billion in deposits.

QCR Holdings, Inc. (NASDAQ: QCRH) has extended its registered exchange offer for up to $45 million of Fixed-to-Floating Rate Subordinated Notes due 2032. The new expiration date is December 19, 2022, an extension from the original deadline of December 12, 2022. As of the previous deadline, approximately 91.7% of the outstanding notes, totaling $41.25 million, had been tendered. This exchange offer involves securities that were previously issued in a private placement on August 18, 2022, and the terms are detailed in a prospectus dated November 7, 2022.

QCR Holdings, Inc. (NASDAQ: QCRH) announced a cash dividend of $0.06 per share on November 3, 2022. This dividend is payable on January 5, 2023, to holders of common stock recorded by December 16, 2022. The company, headquartered in Moline, Illinois, operates in multiple regions providing full-service banking and wealth management through various subsidiaries.

QCR Holdings, Inc. (NASDAQ: QCRH) reported a robust third quarter in 2022 with net income of $29.3 million or $1.71 per diluted share, an increase from $15.2 million in Q2 2022. Adjusted net income was $28.9 million. The company's annualized loan growth reached 14.5%, with total loans surpassing $6 billion. Net interest income grew to $60.8 million, reflecting strong loan activity and NIM at 3.46%. Total risk-based capital increased to 14.55%, bolstered by a $100 million issuance of subordinated debt. Nonperforming assets improved to 0.23% of total assets.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its Q3 financial results on October 26, 2022, after market close. A conference call will follow on October 27, 2022, at 10:00 a.m. Central Time to discuss the results, accessible via phone or webcast. As of June 30, 2022, QCR Holdings reported approximately $7.4 billion in assets, with $5.8 billion in loans and deposits. The company operates multiple banking subsidiaries across the Midwest, focusing on full-service commercial, consumer banking, and wealth management services.