Qcr Holdings Stock Price, News & Analysis

QCR Holdings, Inc. (NASDAQ: QCRH) declared a cash dividend of $0.06 per share on February 17, 2021. This dividend will be payable on April 7, 2021, to shareholders of record as of March 19, 2021. The company, based in Moline, Illinois, serves communities through its subsidiary banks, offering commercial and consumer banking, as well as trust and wealth management services. As of December 31, 2020, QCRH had approximately $5.7 billion in assets and $4.3 billion in loans.

QCR Holdings, Inc. (NASDAQ: QCRH) reported record financial results for Q4 2020, with net income reaching $18.3 million, or $1.14 per diluted share, compared to $17.3 million in Q3 2020. Adjusted net income was $19.1 million, with a diluted EPS of $1.20. Noninterest income was $32.0 million for the quarter, contributing to a total of $113.8 million for the year, an increase of 71% year-over-year. Core loan growth was 9.0% for the quarter while nonperforming assets improved by 22% to just 0.26% of total assets. However, net interest income slightly declined to $43.7 million due to lower yields.

QCR Holdings, Inc. (NASDAQ: QCRH) announced the retirement of Rob Fulp as CEO of SFC Bank after nine years, effective January 19, 2021. Monte McNew, previously President of SFC Bank since 2014, has been appointed as the new CEO. McNew has a strong track record of growth in commercial and residential lending and aims to maintain exceptional service while supporting the community. QCR Holdings, operating several banks across Iowa and Missouri, reported approximately $5.9 billion in assets and $4.2 billion in loans as of September 30, 2020.

QCR Holdings, Inc. (NASDAQ: QCRH) will release its fourth quarter and fiscal year financial results for the year ended December 31, 2020, after market close on January 27, 2021. A conference call will take place on January 28, 2021, at 10:00 AM CT to discuss the results. Interested parties can join the call by dialing 888-346-9286 (international 412-317-5253). The event will be archived for replay until February 11, 2021.

The company, headquartered in Moline, Illinois, operates multiple banks and had approximately $5.9 billion in assets as of September 30, 2020.

On November 5, 2020, QCR Holdings, Inc. (NASDAQ: QCRH) announced a cash dividend of $0.06 per share, payable on January 6, 2021, for stockholders of record as of December 18, 2020. The company, based in Moline, Illinois, manages multi-bank operations across several communities, providing full-service banking and wealth management. As of September 30, 2020, QCR Holdings reported approximately $5.9 billion in assets, $4.2 billion in loans, and $4.7 billion in deposits.

QCR Holdings, Inc. (NASDAQ: QCRH) reported record net income of $17.3 million or $1.09 per diluted share for Q3 2020, a significant increase from $13.7 million or $0.86 in Q2 2020. Adjusted net income rose to $17.7 million, with a pre-provision, pre-tax adjusted net income of $42.2 million. Core loan growth stood at 11.5%, and the net interest margin improved to 3.36%. Total loans and leases increased by $107.7 million. Noninterest income hit a record $38.0 million, primarily due to $26.7 million in swap fees, reflecting strong operational performance amidst the pandemic.

QCR Holdings, Inc. (NASDAQ: QCRH) updated its Loan Relief Program, reporting that $83 million in loans and leases, or 1.95% of total loans, are in the second round of deferrals as of September 30, 2020. This represents a significant decrease from the first round's $575 million (13.53%). CEO Larry J. Helling noted many clients have resumed payments, highlighting the quality of their loan portfolio and resilient local markets, with regional unemployment lower than the national average. The third quarter earnings will be released on October 27, 2020, followed by a conference call on October 28.

On September 14, 2020, QCR Holdings announced a successful private placement of $50 million in 5.125% Fixed-to-Floating Rate Subordinated Notes, due 2030. The proceeds will be utilized for general corporate purposes, which may involve supporting subsidiary banks' growth, funding acquisitions, repaying debt, financing capital expenditures, or repurchasing shares. The interest on the Notes is fixed at 5.125% until September 15, 2025, after which it will convert to a floating rate based on the three-month SOFR plus 500 basis points.

QCR Holdings, Inc. (NASDAQ: QCRH) has appointed Brent R. Cobb as an independent director, effective August 19, 2020. Cobb, CEO of World Class Industries, brings significant expertise in manufacturing and supply chain. The board also declared a cash dividend of $0.06 per share, payable on October 7, 2020, to stockholders of record by September 18, 2020. As of June 30, 2020, QCR Holdings reported approximately $5.6 billion in assets and $4.3 billion in deposits, highlighting its growth in the banking sector.