Qcr Holdings Stock Price, News & Analysis

QCR Holdings, Inc. (NASDAQ: QCRH) announced the completion of a $100 million private placement of subordinated notes, divided into two tranches: $45 million due September 2032 and $55 million due September 2037. The 2032 Notes will carry a fixed interest rate of 5.50% initially, switching to a floating rate thereafter, while the 2037 Notes will start at 5.95%. The funds will be utilized for general corporate purposes, including potential stock repurchases. CEO Larry J. Helling emphasized the importance of preparing for economic uncertainties.

QCR Holdings reported net income of $15.2 million or $0.87 per diluted share for Q2 2022, a decrease from $23.6 million or $1.49 in Q1 2022. Adjusted net income rose to $30.4 million, or $1.73 per diluted share. The acquisition of Guaranty Federal Bancshares added $1.3 billion in assets and led to a 14% loan growth. The company repurchased 602,500 shares at an average price of $54.80. NIM expanded to 3.53% from 3.30% in the previous quarter. Nonperforming assets increased by $21.3 million due to the acquisition.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its second quarter financial results for 2022 after market close on July 26, 2022. A conference call will take place on July 27, 2022, at 10:00 a.m. Central Time to discuss results. Interested parties can join via the toll-free number 888-346-9286 or access the webcast on the company's website. The event will be archived until August 3, 2022, for replay. The company operates multiple banks across the Midwest, serving various communities with comprehensive banking and wealth management services.

QCR Holdings, Inc. (NASDAQ: QCRH) held its annual stockholder meeting on May 23, 2022, where three Class II directors, Brent R. Cobb, Larry J. Helling, and Mark C. Kilmer, were re-elected for three-year terms. Additionally, the Board declared a cash dividend of $0.06 per share, set to be paid on July 6, 2022, to shareholders on record as of June 17, 2022. As of March 31, 2022, QCR Holdings reported approximately $6.2 billion in assets, $4.8 billion in loans, and $4.8 billion in deposits, solidifying its position in multiple banking communities.

QCR Holdings, Inc. (NASDAQ: QCRH) has announced a share repurchase program, enabling the repurchase of up to 1,500,000 shares, approximately 8.5% of its outstanding stock as of May 1, 2022. This initiative reflects the company's commitment to enhancing shareholder value. The repurchased shares can be acquired through various means, including open market transactions, as per SEC regulations. The timing and amount of repurchases will depend on market conditions and legal requirements. As of March 31, 2022, QCR Holdings reported $6.2 billion in assets and $4.8 billion in loans.

QCR Holdings, Inc. reported net income of $23.6 million for Q1 2022, translating to $1.49 per diluted share. This marks a decline from $27.0 million and $1.71 per share in Q4 2021. Adjusted net income was $24.4 million, slightly down from $27.4 million previously. The company achieved a net interest margin of 3.30% and 14.6% annualized loan growth, excluding PPP loans. Nonperforming assets hit a record low at 0.04% of total assets, and the company completed the acquisition of Guaranty Federal Bancshares, enhancing its market position.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its first quarter financial results for the period ending March 31, 2022, on April 26, 2022, after market close. A conference call will follow on April 27, 2022, at 10:00 a.m. Central Time to discuss these results. Participants can join via telephone by calling 888-346-9286 (international 412-317-5253). The event will also be webcast, and archived for later access. QCR Holdings is a multi-bank holding company with approximately $7.3 billion in assets as of December 31, 2021, serving several communities across Iowa, Missouri, Wisconsin, and Illinois.

QCR Holdings, Inc. (NASDAQ: QCRH) has appointed John F. Griesemer to its Board of Directors. Griesemer brings significant experience from his role as President and CEO of Erlen Group and will enhance QCRH's strategic expansion in southwest Missouri. Larry Helling, CEO of QCR Holdings, expressed confidence in Griesemer's community involvement and leadership. With 40 locations and approximately $7.3 billion in assets, QCRH continues to strengthen its position in the banking sector.

On April 1, 2022, QCR Holdings (NASDAQ: QCRH) announced the successful acquisition of Guaranty Federal Bancshares. The merger of Guaranty's banking subsidiary, Guaranty Bank, will be effective April 2, 2022, merging into Springfield First Community Bank. The transaction is valued at approximately $144.1 million, based on QCRH's closing price of $56.59 as of March 31, 2022. Former Guaranty stockholders may receive cash, stock, or a mix for their shares. The combined bank will have 17 locations across southwest Missouri, enhancing QCR Holdings' presence in the region.