QCR Holdings (QCRH) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investor ...

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Management tied the margin expansion to higher average earning assets, lower funding costs, and a mix shift toward non-interest-bearing deposits. Anderson said that since the Federal Reserve began cutting rates in 2024, QCR’s deposit costs have declined by 56 basis points compared with a 32 basis point decline in loan yields. He also said new loan yields during the quarter exceeded payoff yields by nearly 30 basis points , although he expects that benefit to moderate as the rate-cutting cycle progresses.Net ...

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $37 million, or $2.21 per diluted share for Q4 2025, and $130 million, or $7.64 per diluted share for the full year 2025, driven by significant growth in net interest income and capital markets revenue [17][29] - Net interest income increased by $4 million, or 22% annualized in Q4, and $23 million, or 10% for the year, supported by margin expansion [17][18] - The net interest margin (NIM) increased by 6 basis points from Q3, nearing the upper end of guidance, with a 14% increase in average earning assets [18][19] Business Line Data and Key Metrics Changes - The wealth management business added nearly 500 new client relationships, bringing in over $1 billion in new assets under management, with a five-year compound annual growth rate of 10% for both assets and revenue [8][9] - The LIHTC lending platform performed exceptionally well, with the company adding 18 new developer partners and benefiting from strong demand for affordable housing [9][10] Market Data and Key Metrics Changes - The company experienced strong organic growth and enhanced profitability in traditional banking operations, with total loans growing by $304 million, or 17% annualized in Q4 [24][25] - Total criticized loans decreased by $5 million in Q4 and $20 million for the full year, reflecting a 12% reduction, indicating improved asset quality [26][27] Company Strategy and Development Direction - The company aims to continue advancing its digital transformation, expand its wealth management business, and grow its LIHTC lending platform, supported by a positive NIM outlook and solid loan and deposit pipelines [16][19] - The multi-charter model allows the company to outperform competitors and gain market share, with a focus on improving balance sheet efficiency and enhancing service capabilities through technology investments [7][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum into 2026, with expectations for continued growth in net interest income and capital markets revenue [5][16] - The company anticipates additional core margin expansion in Q1 2026, supported by repricing opportunities and a favorable deposit mix [20][21] Other Important Information - The company executed share repurchases totaling approximately $13 million in Q4, returning nearly $22 million to shareholders for the full year [27][28] - The effective tax rate for Q4 was 8%, down from 10% in the prior quarter, reflecting a favorable mix of tax-exempt income [29] Q&A Session Summary Question: Guidance on capital markets revenues - Management indicated that Q1 is historically the slowest quarter for capital markets revenue, setting expectations accordingly [34][36] Question: Update on securitization plans - The company expects to securitize approximately $300 million-$350 million in loans before June 30, 2026, despite some delays in the process [37] Question: Earning assets starting point for Q1 - Earning assets heading into Q1 will be consistent with the end of Q4, with robust loan growth anticipated throughout the year [43][45] Question: Deposit gathering expectations - The company is focused on improving core deposit growth and enhancing the mix, with strategies in place to attract new retail checking accounts and private banking clients [54][55] Question: LIHTC business growth opportunities - Management expressed optimism about the LIHTC business, emphasizing the importance of maintaining a balanced growth approach across all business segments [66][70]

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $37 million, or $2.21 per diluted share for Q4 2025, and $130 million, or $7.64 per diluted share for the full year [17] - Net interest income increased by $4 million, or 22% annualized in Q4, and $23 million, or 10% for the year, driven by margin expansion [17][18] - The net interest margin (NIM) increased by 6 basis points from the previous quarter, supported by a 14% increase in average earning assets [18] Business Line Data and Key Metrics Changes - The wealth management business added nearly 500 new client relationships, bringing in over $1 billion in new assets under management, with a 5-year compound annual growth rate of 10% for both assets and revenue [8] - The LIHTC lending platform performed exceptionally well, with significant demand for affordable housing and the addition of 18 new developer partners [9][10] Market Data and Key Metrics Changes - Total loans grew by $304 million, or 17% annualized in Q4, with traditional loan portfolio growth of $92 million, or 8% annualized [24] - Core deposits increased by $64 million, or 4% annualized in Q4, with average deposit balances rising by $237 million, or 13% annualized compared to Q3 [25] Company Strategy and Development Direction - The company aims to advance its digital transformation, expand its wealth management business, and continue growing its LIHTC lending platform [16] - The multi-charter model allows the company to outperform competitors and gain market share, with a focus on enhancing service capabilities and client experience through technology upgrades [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong financial performance, supported by a positive NIM outlook and solid loan and deposit pipelines [16] - The company anticipates continued growth in net interest income and capital markets revenue, with guidance for capital markets revenue set at $55 million-$70 million over the next four quarters [10][21] Other Important Information - The company executed share repurchases totaling approximately $13 million in Q4, returning nearly $22 million to shareholders for the full year [27] - The effective tax rate for Q4 was 8%, down from 10% in the prior quarter, reflecting a favorable mix of tax-exempt income [29] Q&A Session Summary Question: Guidance on capital markets revenues and seasonality - Management noted that Q1 is historically the slowest quarter for capital markets revenue, with expectations set accordingly [34][36] Question: Update on securitization plans - The company expects to securitize approximately $300 million-$350 million in loans before June 30, 2026 [37] Question: Guidance for earning assets in Q1 - Earning assets are expected to be consistent with the end of Q4, with robust loan growth anticipated throughout the year [44][45] Question: Deposit gathering expectations - The company is focused on improving core deposit growth and enhancing the deposit mix, with strategies in place to attract new retail checking accounts and private banking clients [55][56] Question: Impact of recent M&A activity on market share - Management is actively targeting clients from a competitor's recent acquisition, expecting to gain market share in the Cedar Rapids area [60]

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $37 million, or $2.21 per diluted share for Q4 2025, and record full-year adjusted net income of $130 million, or $7.64 per diluted share [15] - Net interest income increased by $4 million, or 22% annualized in Q4, and $23 million, or 10% for the year, driven by margin expansion [15] - The net interest margin (NIM) increased by 6 basis points from the previous quarter, supported by a 14% increase in average earning assets [16] Business Line Data and Key Metrics Changes - The wealth management business added nearly 500 new client relationships, bringing in over $1 billion in new assets under management, with a five-year compound annual growth rate of 10% for both assets and revenue [7] - The LIHTC lending business performed exceptionally well, with significant demand for affordable housing and the addition of 18 new developer partners [8][9] - Total loans grew by $304 million, or 17% annualized in Q4, with traditional loan portfolio growth of $92 million, or 8% annualized [23] Market Data and Key Metrics Changes - The company experienced strong deposit growth, with total core deposits increasing by $64 million, or 4% annualized in Q4 [24] - Average deposit balances rose by $237 million, or 13% annualized compared to the previous quarter [24] - The company maintained excellent asset quality, with total criticized loans declining to their lowest level since June 2022 [25] Company Strategy and Development Direction - The company aims to advance its digital transformation, expand its wealth management business, and continue growing its LIHTC lending platform [14] - The multi-charter model allows the company to outperform competitors and gain market share [6] - The company is focused on maintaining a disciplined expense management strategy while investing in technology and talent to enhance scalability [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum into 2026, supported by strong loan and deposit pipelines and a stable credit outlook [14] - The company expects additional core margin expansion in Q1 2026, with guidance of 3-7 basis points [18] - Management highlighted the importance of improving the right side of the balance sheet and enhancing operating leverage to support future growth [93] Other Important Information - The company executed share repurchases totaling approximately $13 million in Q4, returning nearly $22 million to shareholders for the full year [26] - The effective tax rate for Q4 was 8%, down from 10% in the prior quarter, reflecting a lower pretax income and an increase in tax-exempt income [29] - The company is strategically planning to execute additional LIHTC construction loan sales and securitizations to enhance capital markets revenue [11] Q&A Session All Questions and Answers Question: Guidance on capital markets revenues - Management indicated that Q1 is historically the slowest quarter for capital markets revenue, with expectations set accordingly [34] Question: Update on securitization plans - Management confirmed plans for a securitization of approximately $300 million-$350 million in the first half of 2026 [37] Question: Guidance on earning assets for Q1 - Management stated that earning assets heading into Q1 would be consistent with the end of Q4, with robust loan growth expected [43] Question: Deposit gathering expectations - Management emphasized the focus on improving core deposit growth and the mix, with strategies in place to enhance non-interest-bearing deposits [56] Question: Long-term growth opportunities in LIHTC business - Management expressed optimism about the future of the LIHTC business, highlighting the importance of maintaining a conservative approach to guidance while preparing for growth [69]

Investor Presentation December 2025 FORWARD-LOOKING STATEMENTS Special Note Concerning Forward-Looking Statements. This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon be ...

Core Insights - QCR Holdings reported a revenue of $107.02 million for the quarter ended December 2025, marking a year-over-year increase of 16.5% and exceeding the Zacks Consensus Estimate of $95.95 million by 11.54% [1] - The company's EPS for the same period was $2.21, up from $1.93 a year ago, also surpassing the consensus EPS estimate of $1.96 by 12.9% [1] Financial Performance Metrics - Efficiency Ratio (Non-GAAP) was reported at 58.7%, higher than the estimated 53.2% by three analysts [4] - Net interest margin (GAAP) stood at 3.1%, below the average estimate of 3.6% from three analysts [4] - Average Balance of Total earning assets was $8.87 billion, slightly above the $8.75 billion average estimate from two analysts [4] - Net charge-offs as a percentage of average loans/leases were 0.1%, better than the estimated 0.3% by two analysts [4] - Total noninterest income reached $38.67 million, significantly higher than the estimated $27.7 million by three analysts [4] - Gains on sales of residential real estate loans were $0.67 million, compared to the average estimate of $0.51 million [4] - Capital markets revenue was reported at $24.48 million, exceeding the average estimate of $15.25 million from two analysts [4] - Deposit service fees were $2.09 million, slightly below the estimated $2.28 million by two analysts [4] - Net Interest Income was $68.35 million, marginally above the estimated $68.14 million from two analysts [4] - Net interest income - tax equivalent (non-GAAP) was $79.63 million, compared to the average estimate of $78.5 million from two analysts [4] Stock Performance - Shares of QCR Holdings have returned +3.5% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

分组1 - QCR Holdings reported quarterly earnings of $2.21 per share, exceeding the Zacks Consensus Estimate of $1.96 per share, and showing an increase from $1.93 per share a year ago, resulting in an earnings surprise of +12.90% [1] - The company achieved revenues of $107.02 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 11.54%, compared to $91.83 million in the same quarter last year [2] - QCR Holdings has outperformed the S&P 500 with a share price increase of about 4.6% since the beginning of the year, while the S&P 500 gained 1.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.88 on revenues of $94.9 million, and for the current fiscal year, it is $7.91 on revenues of $395.55 million [7] - The Zacks Industry Rank for Banks - Midwest is in the top 38% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8] - QCR Holdings has a Zacks Rank of 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]

Financial Performance - Fourth quarter 2025 net income was $35.7 million, or $2.12 per diluted share, compared to $36.7 million and $2.16 in the previous quarter[2]. - Adjusted net income for Q4 2025 was $37.3 million, or $2.21 per diluted share, up from $36.9 million and $2.17 in Q3 2025, and $32.8 million and $1.93 in Q4 2024[3]. - The company reported a significant increase in revenue, with a year-over-year growth of 15% to $150 million[39]. - Net income for the quarter was $35,664,000, compared to $36,714,000 in the previous quarter, indicating a slight decrease of 2.9%[43]. - Net income for the year was $127,194,000, an increase of 11.5% compared to $113,850,000 in 2024[46]. - Basic EPS for the year was $7.54, up from $6.77 in the previous year, reflecting a growth of 11.4%[46]. Income and Revenue Growth - Noninterest income for Q4 2025 was $38.7 million, a 6% increase from Q3 2025, with capital markets revenue at $24.5 million[9]. - Total noninterest income for the quarter was $38,665,000, up from $36,651,000 in the prior quarter, reflecting a growth of approximately 5.5%[43]. - Total noninterest income for the year was $114,323,000, a decrease of 1.0% from $115,529,000 in the previous year[46]. - Capital markets revenue for the year was $64,698,000, down from $71,057,000 in the previous year, indicating a decline of approximately 9.5%[46]. Asset and Loan Growth - Total loans grew by $303.7 million, or 17% annualized, in Q4 2025, with full-year loan growth at $800.5 million, or 12%[13]. - Total assets increased to $9,575,470 thousand as of December 31, 2025, compared to $9,568,302 thousand as of September 30, 2025, reflecting a growth of 0.07%[40]. - Net loans/leases stood at $7,076,828 thousand, slightly decreasing from $7,090,151 thousand in the prior quarter, a decline of 0.19%[40]. - LIHTC loan balances within the loan/lease portfolio were $2.4 billion as of December 31, 2025[40]. Deposits and Funding - Core deposits increased by $64.2 million, or 4% annualized, in Q4 2025, with total deposits reaching $7.4 billion, a 5% increase year-over-year[19]. - Total deposits rose to $7,414,198 thousand, up from $7,380,068 thousand in the previous quarter, marking an increase of 0.46%[40]. - Total borrowings decreased to $638,541 thousand from $706,827 thousand, a decline of 9.66%[40]. Efficiency and Cost Management - The adjusted efficiency ratio for Q4 2025 was 56.8%, compared to 55.6% in the prior quarter, with noninterest expenses totaling $62.9 million[15][17]. - The efficiency ratio (Non-GAAP) was 58.73%, an increase from 55.78% in the prior quarter[48]. - The management highlighted a focus on improving operational efficiency, aiming for a 5% reduction in costs by the end of the year[39]. Capital and Liquidity - The total risk-based capital ratio increased to 14.19% as of December 31, 2025, reflecting solid earnings growth and the LIHTC construction loan sale[25]. - There is a commitment to maintaining a strong liquidity position, with a target of keeping cash reserves above $50 million[39]. - Stockholders' equity (GAAP) for QCR Holdings, Inc. was $1,112,311 as of December 31, 2025, compared to $1,086,915 as of September 30, 2025[65]. Market and Strategic Outlook - The company provided an optimistic outlook, projecting a revenue growth of 10-12% for the next quarter[39]. - New product launches are expected to contribute an additional $30 million in revenue over the next fiscal year[39]. - Market expansion efforts are underway, targeting a 25% increase in market share in the Southeast region[39]. - The company is considering strategic acquisitions to enhance its service offerings and customer base[39]. - The company is investing $5 million in research and development for new technologies, including AI integration[39]. Economic Factors and Monitoring - The company is closely monitoring economic factors that could impact performance, including inflation and interest rates[35].