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. reports recurring developments as a relationship-driven multi-bank holding company serving Midwestern markets through wholly owned subsidiary banks. Its updates center on commercial and consumer banking, trust and wealth management services, loan and deposit growth, net interest income, noninterest income, capital markets revenue, and balance-sheet management across its bank network.
Company news also includes quarterly and annual financial results, conference-call announcements, cash dividend declarations, share repurchases, credit-rating activity, and capital-management actions. QCRH disclosures frequently reference Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank, Guaranty Bank, Community Bank & Trust, low-income housing tax credit financing, and m2 Equipment Finance portfolio runoff.
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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.