Qcr Holdings Stock Price, News & Analysis

QCR Holdings (NASDAQ: QCRH) reported a record net income of $31.6 million, or $1.99 per diluted share, for Q3 2021. This marks significant growth from $22.3 million and $1.39 EPS in Q2 2021. The company also achieved an annualized core loan growth of 23% and core deposit growth of 15.6%. Nonperforming assets improved by 32%, now at 0.11% of total assets. Additionally, net interest income increased to $46.2 million, up from $43.5 million in the prior quarter.

QCR Holdings, Inc. (NASDAQ: QCRH) has announced the release date for its third quarter financial results, which will be available after market close on October 27, 2021. A conference call is scheduled for October 28, 2021, at 10:00 a.m. Central Time to discuss these results. The event is open to shareholders and analysts, and participants can access it via a dedicated telephone line or through a webcast available on the company’s website. As of June 30, 2021, QCR Holdings reported approximately $5.8 billion in assets.

QCR Holdings, Inc. (NASDAQ: QCRH) has declared a cash dividend of $0.06 per share, payable on October 6, 2021. This dividend announcement was made on August 19, 2021, and shareholders of record as of September 17, 2021 will be eligible. With approximately $5.8 billion in assets and $4.7 billion in deposits as of June 30, 2021, QCR Holdings operates multiple banks across Iowa, Missouri, Wisconsin, and Illinois, providing diverse banking services to the Quad Cities and surrounding areas.

QCR Holdings, Inc. reported record net income of $22.3 million or $1.39 per diluted share for Q2 2021, up from $18.0 million in Q1 2021. Adjusted net income increased to $22.5 million with a NIM of 3.28%. Core loan and lease growth was 14.9% annually, with total loans/leases reaching $4.3 billion. Nonperforming assets improved by 28% to 0.17% of total assets. The company resumed share repurchases, buying back 100,000 shares at $48.00 each, while maintaining strong capital ratios.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its financial results for the second quarter ended June 30, 2021, after market close on July 26, 2021. The Company invites shareholders and analysts to a conference call scheduled for July 27, 2021, at 10:00 a.m. Central Time to discuss these results. Interested parties can access the call via a designated dial-in number or through a live webcast available on the Company's website. The event will be archived for replay until August 10, 2021.

QCR Holdings, Inc. (NASDAQ: QCRH) announced the election of Marie Z. Ziegler as Chair of the Board of Directors, succeeding Patrick S. Baird, who will remain on the Board. Additionally, the Board declared a cash dividend of $0.06 per share, payable on July 7, 2021, to stockholders of record on June 18, 2021. As of March 31, 2021, the Company reported approximately $5.6 billion in assets, $4.4 billion in loans, and $4.6 billion in deposits, highlighting its strong position in the banking sector.

QCR Holdings, Inc. (NASDAQ: QCRH) has resumed its share repurchase program, initially authorized on February 13, 2020, after a suspension due to the COVID-19 pandemic. The Board approved the repurchase of up to 699,068 shares, reflecting a commitment to enhance shareholder value. CEO Larry J. Helling emphasized the program as a tool for capital allocation, citing strong financial performance. The repurchase can occur through various means, subject to market conditions and legal requirements.

QCR Holdings, Inc. reported net income of $18.0 million for Q1 2021, equivalent to $1.12 per diluted share. This reflects a slight decrease from the previous quarter's net income of $18.3 million and EPS of $1.14. Total noninterest income reached $23.5 million, while core loan growth was strong at 14.0%, totaling $4.1 billion. The net interest margin improved to 3.26%. The company maintained a low nonperforming asset ratio of 0.25% of total assets, indicating stable asset quality.