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QCR Holdings, Inc. Announces Net Income of $27.8 Million for the Third Quarter of 2024
GlobeNewswire News Room· 2024-10-23 20:05
Third Quarter 2024 Highlights Net income of $27.8 million, or $1.64 per diluted shareAdjusted net income of $30.3 million or $1.78 per diluted share (non-GAAP) resulting in an adjusted ROAA (non-GAAP) of 1.35%Significant increase in net interest income of $3.6 million from the prior quarter, or 6%Net interest margin expanded by 8 basis points to 3.34% adjusted NIM (TEY) (non-GAAP)Continued strong capital markets revenue of $16.3 millionTangible book value (non-GAAP) per share grew $2.35, or 20% annualizedTC ...
QCR Holdings, Inc. (QCRH) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-10-16 14:15
Have you been paying attention to shares of QCR Holdings (QCRH) ? Shares have been on the move with the stock up 5.8% over the past month. The stock hit a new 52-week high of $81.59 in the previous session. QCR Holdings has gained 36.4% since the start of the year compared to the 20.1% move for the Zacks Finance sector and the 17.5% return for the Zacks Banks - Midwest industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earn ...
QCR Holdings, Inc. to Report Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-02 20:05
MOLINE, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) ("QCRH" or the "Company") announced today that its third quarter ended September 30, 2024 financial results will be released after the market closes on Wednesday, October 23, 2024. The Company will host a conference call and webcast the next day, Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss the results. Shareholders, analysts, and other interested parties are invited to join. Teleconference: Dial-in inform ...
QCR Holdings, Inc. to Discontinue Offering New Loans and Leases Through m2 Equipment Finance Subsidiary
GlobeNewswire News Room· 2024-09-05 20:05
MOLINE, ill., Sept. 05, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the "Company") announced the decision to discontinue offering new loans and leases through its equipment finance business, m2 Equipment Finance, LLC ("m2"), located in Waukesha, WI. m2 was acquired by the Company in 2005 and has provided equipment financing solutions to commercial borrowers since its founding in 1998. "We expect that this change will improve our profitability, increase liquidity, reduce our credit losses and ...
QCR Holdings, Inc. Welcomes New Directors and Announces a Cash Dividend of $0.06 Per Share
GlobeNewswire News Room· 2024-08-23 12:00
MOLINE, Ill., Aug. 23, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the "Company") today announced the appointment of James R. Batten and Amy L. Reasner to the Company's Board of Directors, increasing the Board from 11 to 13 members. The appointments were effective August 21, 2024. "Both Jim and Amy bring a strong background and expertise that complements the composition and experience of our board," said Larry Helling, Chief Executive Officer. "They also have deep commitments and close ties ...
QCR (QCRH) - 2024 Q2 - Quarterly Report
2024-08-08 16:00
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, 2024 ☐ 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) Delaware 42-1397595 (State or oth ...
3 Momentum Anomaly Picks as Recession Fears Spur Volatility
ZACKS· 2024-08-07 12:02
After witnessing a steady uptrend over the past few weeks, the broader U.S. equity markets fell sharply in the last few trading days due to fears of recession. The sell-off was triggered mainly by weaker-than-expected job market data with nonfarm payrolls growing by just 114,000 last month compared with broad-based expectations of 185,000 job additions. With the unemployment rate increasing to 4.3%, investors feared that the Federal Reserve's prolonged high-interest rate regime led to dismal job market cond ...
What Makes QCR Holdings (QCRH) a New Buy Stock
ZACKS· 2024-07-29 17:00
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for QCR Holdings imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Earnings Estimate Revisions for QCR Holdings Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' rati ...
QCR Holdings, Inc. (QCRH) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-07-29 14:16
Have you been paying attention to shares of QCR Holdings (QCRH) ? Shares have been on the move with the stock up 26.6% over the past month. The stock hit a new 52-week high of $76.97 in the previous session. QCR Holdings has gained 30.1% since the start of the year compared to the 13.2% move for the Zacks Finance sector and the 18.1% return for the Zacks Banks - Midwest industry. Valuation Metrics In terms of its value breakdown, the stock currently trades at 12.7X current fiscal year EPS estimates, which i ...
QCR (QCRH) - 2024 Q2 - Earnings Call Transcript
2024-07-25 20:33
QCR Holdings, Inc. (NASDAQ:QCRH) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Larry Helling - CEO Todd Gipple - President and CFO Conference Call Participants Damon DelMonte - KBW Daniel Tamayo - Raymond James Brian Martin - Janney Jeff Rulis - DA Davidson Nathan Race - Piper Sandler Operator Greetings, and welcome to the QCR Holdings Incorporated Earnings Conference Call for the Second Quarter of 2024. Yesterday, after market closed, the company distributed its second qua ...