Qcr Holdings Stock Price, News & Analysis
Company Description
QCR Holdings, Inc. (NASDAQ: QCRH) is a relationship-driven, multi-bank holding company in the commercial banking industry. The company is headquartered in Moline, Illinois and operates in the finance and insurance sector. QCR Holdings serves several Midwestern markets through its wholly owned subsidiary banks, which offer full-service commercial and consumer banking, as well as trust and wealth management services.
According to company disclosures, QCR Holdings serves the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities. It does so primarily through four subsidiary banks: Quad City Bank & Trust Company, Cedar Rapids Bank & Trust Company, Community State Bank, and Guaranty Bank. In addition, the company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company.
Banking Subsidiaries and Markets
QCR Holdings operates a multi-bank structure focused on specific regional markets:
- Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994 and serves the Quad Cities area.
- Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001 and focuses on the Cedar Rapids and Cedar Valley markets.
- Community State Bank, based in Ankeny, Iowa, was acquired by QCR Holdings in 2016 and serves the Des Moines/Ankeny and broader Central Iowa area.
- Guaranty Bank, based in Springfield, Missouri, was acquired by the company in 2018 and serves the Springfield community.
- Community Bank & Trust operates as a division of Cedar Rapids Bank & Trust Company and serves the Waterloo/Cedar Falls, Iowa community.
Across these institutions, QCR Holdings reports a 36-location network in Iowa, Missouri, and Illinois. The company is described as a multi-bank holding company in both its own releases and independent rating agency reports, reflecting its structure of multiple chartered banks under a single parent.
Core Business Activities
The subsidiary banks of QCR Holdings provide full-service commercial and consumer banking. Company descriptions state that these services include traditional banking products for businesses and individuals, as well as trust and wealth management services. In addition to its core banking activities, QCR Holdings reports specialized activities in correspondent banking and low-income housing tax credit (LIHTC) financing, as noted in a credit rating report.
The company’s commercial banking operations generate revenue in the form of interest, consistent with its classification as a commercial banking institution. Wealth management activities contribute fee-based revenue, and the company also reports capital markets revenue connected to its LIHTC lending and related interest rate swap arrangements.
Capital Markets and LIHTC Lending
QCR Holdings highlights capital markets revenue as an important contributor to its noninterest income. According to a rating agency report, this revenue consists predominantly of fees generated by LIHTC borrower interest rate swap activity. Customers seeking long-term fixed-rate financing in the LIHTC market enter into arrangements where the banks provide this structure and, in turn, enter into offsetting pay-fixed, receive-floating interest rate swaps. This activity generates fees and has supported noninterest income over several years.
The company also indicates that LIHTC loans comprise a substantial percentage of total loans and that management has securitized some of these loans to reduce exposure and support liquidity. These disclosures underscore QCR Holdings’ role in financing low-income housing projects and its participation in related capital markets activities.
Wealth Management and Trust Services
QCR Holdings reports that its banks provide trust and wealth management services alongside traditional banking. A rating agency report notes that the company offers trust and investment management services with assets under management, and company earnings releases reference ongoing growth in wealth management revenue. These services complement the company’s commercial and consumer banking operations and provide additional fee-based income.
Geographic Footprint and Branch Network
The company’s operations are concentrated in the Midwest. QCR Holdings states that it has 36 locations across Iowa, Missouri, and Illinois. Its primary markets include:
- Quad Cities
- Cedar Rapids
- Cedar Valley
- Des Moines/Ankeny
- Springfield
- Waterloo/Cedar Falls (through a division of Cedar Rapids Bank & Trust Company)
This regional focus is reflected in both company press releases and independent credit analyses, which describe QCR Holdings as a multi-bank holding company with a branch network across six Midwestern regions.
Regulatory Status and Exchange Listing
QCR Holdings, Inc. is incorporated in Delaware and lists its common stock on The Nasdaq Global Market under the trading symbol QCRH, as disclosed in its SEC filings. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Form 8-K filings related to earnings releases, dividends, share repurchase programs, and debt redemptions.
Capital Management and Funding
Recent SEC filings and company announcements describe several aspects of QCR Holdings’ capital and funding profile:
- The company has issued subordinated notes, including fixed-to-floating rate subordinated notes due 2035 and 2037, with proceeds intended to redeem existing subordinated debt and for general corporate purposes.
- QCR Holdings has redeemed earlier subordinated notes due 2030, reflecting active management of its Tier 2 capital structure.
- The board of directors has authorized a share repurchase program allowing the company to repurchase up to a specified number of shares of its common stock, replacing a prior program.
- Dividends on common stock have been declared by the board of directors, as documented in multiple Form 8-K filings and related press releases.
Rating agency commentary notes that consolidated regulatory capital ratios have been improving over time, supported by retained earnings and balance sheet management, and that dividends represent a relatively small percentage of quarterly net income in the analyzed period.
Earnings Drivers and Asset Quality (High-Level)
Company earnings releases describe net interest income, net interest margin, capital markets revenue, and wealth management revenue as key components of performance. The company has reported loan and deposit growth, as well as changes in noninterest expense, in its quarterly results. Asset quality metrics such as nonperforming assets and criticized loans are discussed in detail in those releases, with management highlighting trends in credit quality and provision for credit losses.
These disclosures provide insight into how QCR Holdings manages credit risk, funding, and capital while operating as a regional multi-bank holding company with a focus on relationship-based community banking.
Business Segments
In addition to the qualitative descriptions in press releases and rating reports, a separate company description notes that QCR Holdings operates through Commercial Banking, Wealth Management, and other segments. The commercial banking segment is described as geographically divided by markets corresponding to its subsidiary banks, including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank, and Guaranty Bank.
Across these segments, the company generates revenue in the form of interest from lending and investing activities, and fee income from wealth management, capital markets, and other services.
Stock and Investor Information
Investors in QCR Holdings (QCRH) can review the company’s financial condition and results of operations through its SEC filings, earnings press releases, and investor presentations referenced in Form 8-K filings. These documents provide detailed information on net income, net interest margin, noninterest income, loan and deposit balances, capital ratios, and other metrics relevant to shareholders and analysts.