QCR Holdings, Inc. (NASDAQ:QCRH) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Damon DelMonte - KBW Brian Martin - Janney Montgomery Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Second Quarter of 2022. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to________ Commission file number 0-22208 QCR HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 42-1397595 (I.R.S. Employer Identification No.) 3551 7 th Street, Moline, Illinois 61265 (Address ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Damon DelMonte - KBW Brian Martin - Janney Montgomery Daniel Tamayo - Raymond James Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. ...

Table of Contents (Exact name of registrant as specified in its charter) Delaware 42-1397595 (State of incorporation) (I.R.S. Employer Identification No.) U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-22208 QCR HOLDINGS, INC. 3551 7th S ...

QCR Holdings Inc (NASDAQ:QCRH) Q4 2021 Earnings Conference Call January 26, 2022 11:00 AM ET Company Participants Larry Helling - CEO Todd Gipple - CFO Conference Call Participants Nathan Race - Piper Sandler Daniel Tamayo - Raymond James Brian Martin - Janney Montgomery Damon DelMonte - KBW Operator Good day, and welcome to the QCR Holdings Inc Fourth Quarter 2021 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After todays presentation there will ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to________ Commission file number 0-22208 QCR HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q3 2021 Earnings Conference Call October 28, 2021 11:00 AM ET Company Participants Larry Helling - CEO & Director Todd Gipple - President, COO, CFO & Director Conference Call Participants Damon DelMonte - Keefe, Bruyette, & Woods Nathan Race - Piper Sandler Jeffrey Rulis - D.A. Davidson Daniel Tamayo - Raymond James Brian Martin - Janney Montgomery Scott Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Third Quarter of 2021. Yester ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to________ Commission file number 0-22208 QCR HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q2 2021 Earnings Conference Call July 27, 2021 11:00 AM ET Company Participants Larry Helling - CEO & Director Todd Gipple - President, COO, CFO & Director Conference Call Participants Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Evan Lisle - Janney Montgomery Scott Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Second Quarter of 2021. Yesterday, after market close, the company distributed its second quarter earnings pres ...

Part I FINANCIAL INFORMATION [Item 1 Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201%20Consolidated%20Financial%20Statements%20(Unaudited)) Presents unaudited consolidated financial statements for QCR Holdings, Inc. as of March 31, 2021 Consolidated Balance Sheet Highlights (As of March 31, 2021 vs. December 31, 2020) | Metric | March 31, 2021 (in thousands) | December 31, 2020 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$5,645,147 thousand** | **$5,682,797 thousand** | | Net Loans/Leases Receivable | $4,279,220 thousand | $4,166,753 thousand | | Total Securities | $799,825 thousand | $838,131 thousand | | Total Deposits | $4,631,782 thousand | $4,599,137 thousand | | **Total Liabilities** | **$5,036,428 thousand** | **$5,089,004 thousand** | | **Total Stockholders' Equity** | **$608,719 thousand** | **$593,793 thousand** | Consolidated Income Statement Highlights (For the Three Months Ended March 31) | Metric | 2021 (in thousands) | 2020 (in thousands) | | :--- | :--- | :--- | | Net Interest Income | $41,975 thousand | $37,698 thousand | | Provision for Credit Losses | $6,713 thousand | $8,367 thousand | | Noninterest Income | $23,489 thousand | $15,196 thousand | | **Net Income** | **$17,982 thousand** | **$11,228 thousand** | | **Diluted EPS** | **$1.12** | **$0.70** | [Note 1. Summary of Significant Accounting Policies](index=11&type=section&id=Note%201.%20Summary%20of%20Significant%20Accounting%20Policies) Details accounting policies, including CECL adoption on January 1, 2021, impacting retained earnings - The Company adopted ASU 2016-13 (CECL) on January 1, 2021, using a modified retrospective approach. This resulted in an after-tax decrease to retained earnings of **$937 thousand**[31](index=31&type=chunk) Impact of ASU 2016-13 Adoption on January 1, 2021 | Item | Impact (in thousands) | | :--- | :--- | | Decrease in Allowance for Credit Losses on Loans | ($8,102) | | Establishment of ACL on HTM Securities | $183 | | Establishment of ACL on OBS Credit Exposures | $9,117 | [Note 2. Investment Securities](index=31&type=section&id=Note%202.%20Investment%20Securities) Breaks down the $799.8 million investment securities portfolio, primarily municipal and mortgage-backed Investment Securities Portfolio (March 31, 2021) | Category | Amortized Cost (in thousands) | Fair Value (in thousands) | | :--- | :--- | :--- | | Securities Held to Maturity (HTM) | $453,126 thousand | $491,347 thousand | | Securities Available for Sale (AFS) | $340,726 thousand | $346,873 thousand | | **Total Securities** | **$793,852 thousand** | **$838,220 thousand** | - As of March 31, 2021, 101 out of 644 securities were in an unrealized loss position, with aggregate losses representing approximately **0.4%** of the portfolio's total amortized cost. Management believes these declines are temporary and does not intend to sell these securities before recovery[99](index=99&type=chunk) [Note 3. Loans/Leases Receivable](index=36&type=section&id=Note%203.%20Loans%2FLeases%20Receivable) Details the $4.36 billion loan and lease portfolio composition, credit quality, and COVID-19 modifications Loan Portfolio Composition (March 31, 2021) | Loan Category | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | C&I (revolving & other) | $1,784,986 | 41% | | CRE (owner & non-owner occupied) | $1,071,854 | 25% | | Construction and land development | $607,798 | 14% | | Multi-family | $396,272 | 9% | | 1-4 family real estate | $368,927 | 8% | | Other (Leases, Consumer) | $131,214 | 3% | | **Total Gross Loans/Leases** | **$4,361,051** | **100%** | - **Nonperforming loans (NPLs) totaled $13.9 million**, or **0.32%** of the total loan portfolio, as of March 31, 2021. This is a slight decrease from **$13.9 million (0.33%)** at year-end 2020[115](index=115&type=chunk)[117](index=117&type=chunk) - As of March 31, 2021, **69 loan modifications totaling $6.9 million (0.16% of the total portfolio)** were on deferral under the company's Loan Relief Program (LRP) in response to COVID-19[141](index=141&type=chunk) [Note 9. Regulatory Capital Requirements](index=57&type=section&id=Note%209.%20Regulatory%20Capital%20Requirements) Outlines regulatory capital requirements, confirming the company is 'well capitalized' as of March 31, 2021 QCR Holdings, Inc. Capital Ratios (As of March 31, 2021) | Ratio | Actual | Requirement for 'Well Capitalized' | | :--- | :--- | :--- | | Total risk-based capital | 14.85% | > 10.00% | | Tier 1 risk-based capital | 11.31% | > 8.00% | | Tier 1 leverage | 10.10% | > 5.00% | | Common equity Tier 1 | 10.55% | > 6.50% | [Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations](index=59&type=section&id=Item%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses Q1 2021 financial condition and operations, including COVID-19 impact and strategic developments - The company reported strong Q1 2021 results with **net income of $18.0 million and diluted EPS of $1.12**, a significant increase from **$11.2 million and $0.70** in Q1 2020[187](index=187&type=chunk) - The company continues to respond to the COVID-19 pandemic through its Loan Relief Program (LRP) and active participation as a lender in the Paycheck Protection Program (PPP), having processed **2,394 PPP loans for $451 million** as of March 31, 2021[184](index=184&type=chunk) [Results of Operations](index=76&type=section&id=Results%20of%20Operations) Analyzes Q1 2021 operations, highlighting growth in net interest and noninterest income, and expense changes - **Net interest income increased 11% YoY**, benefiting from **strong** loan growth and a significant reduction in the cost of funds to **0.63%** from **1.33%** in Q1 2020[191](index=191&type=chunk)[230](index=230&type=chunk) - **Noninterest income surged 55% YoY**, primarily driven by a **99% increase** in swap fee income, which reached **$13.6 million** in Q1 2021[191](index=191&type=chunk)[241](index=241&type=chunk)[245](index=245&type=chunk) - **Noninterest expense increased by 18% YoY**, mainly due to a **34% rise** in salaries and employee benefits related to higher incentive compensation from strong financial results[191](index=191&type=chunk)[254](index=254&type=chunk) [Financial Condition](index=87&type=section&id=Financial%20Condition) Reviews Q1 2021 financial condition, including loan growth, deposit changes, asset quality, and equity - **Core loans and leases (excluding PPP loans) grew at an annualized rate of 14.0%** during the first quarter of 2021[276](index=276&type=chunk) - Asset quality remains strong, with **Nonperforming Assets (NPAs) representing only 0.25% of total assets** at March 31, 2021[297](index=297&type=chunk)[298](index=298&type=chunk) Key Financial Condition Ratios | Ratio | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | NPAs to Total Assets | 0.25% | 0.26% | | ACL to Gross Loans/Leases | 1.88% | 1.98% | | TCE / TA Ratio (non-GAAP) | 9.42% | 9.08% | [Item 3 Quantitative and Qualitative Disclosures About Market Risk](index=104&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Assesses interest rate risk using a simulation model, showing asset-sensitive position within policy limits Net Interest Income Sensitivity (Year 1) | Interest Rate Scenario | Policy Limit | Exposure as of March 31, 2021 | | :--- | :--- | :--- | | 200 basis point upward shift | (10.0)% | +2.7% | | 100 basis point downward shift | (10.0)% | (0.2)% | | 300 basis point upward shock | (30.0)% | +10.5% | [Item 4 Controls and Procedures](index=107&type=section&id=Item%204%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of March 31, 2021 - The CEO and CFO concluded that the company's **disclosure controls and procedures were effective** as of the end of the reporting period[351](index=351&type=chunk) Part II OTHER INFORMATION [Item 1 Legal Proceedings](index=108&type=section&id=Item%201%20Legal%20Proceedings) Reports no material pending legal proceedings beyond routine business litigation [Item 1A Risk Factors](index=108&type=section&id=Item%201A%20Risk%20Factors) No material changes to risk factors disclosed in the Annual Report on Form 10-K for December 31, 2020 [Item 2 Unregistered Sales of Equity Securities and Use of Proceeds](index=108&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Share repurchase program remains suspended since March 2020 due to COVID-19 uncertainties - The company's share repurchase program remains suspended as of March 31, 2021, with **699,068 shares remaining authorized for repurchase**[357](index=357&type=chunk)[358](index=358&type=chunk)