QCR Holdings, Inc. - $QCRH STOCK NEWS

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 distinguished multi-bank holding company headquartered in Moline, Illinois. The company serves diverse communities across the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield through its wholly-owned subsidiary banks. These include Quad City Bank & Trust Company, Cedar Rapids Bank & Trust Company, Community State Bank, and Guaranty Bank.

Core Business Segments

• Commercial Banking: Providing full-service commercial and consumer banking through community-based branches.
• Wealth Management: Offering trust and wealth management services to individuals and businesses.

Recent Achievements

• Announced net income of $32.9 million for Q4 2023, a record for the company.
• Completed two significant loan securitizations in low-income housing tax credits (LIHTC), amounting to $265 million.
• Increased tangible book value per share by 35% annualized during Q4 2023.

Financial Performance

• Reported net interest income of $55.7 million for Q4 2023, showing positive growth trends.
• Core deposits grew by 6% in 2023, reflecting strong customer loyalty and market expansion.
• Maintained strong asset quality with nonperforming assets (NPAs) at 0.40% of total assets.

Partnerships and Strategic Initiatives

• Deep-rooted partnerships with local communities to drive economic growth.
• Focus on expanding market share and building lasting relationships with clients.

QCR Holdings is dedicated to its mission of being the premier provider of financial services to businesses and individuals who value relationships, in markets where it can excel. With a strong balance sheet, solid financial performance, and strategic initiatives, QCR Holdings continues to deliver impressive results and add value for its shareholders.