Core Points - QCR Holdings, Inc. announced the retirement of CEO Larry J. Helling effective May 22, 2025, following the annual stockholders meeting [1][2] - Todd A. Gipple, currently the President and CFO, will succeed Mr. Helling as President and CEO [1][2] - Nick W. Anderson will take over as Chief Financial Officer upon Mr. Gipple's promotion [1][2] Leadership Transition - Larry J. Helling has served as CEO for six years and has been with the organization since its formation in 2001 [2] - Mr. Helling emphasized the importance of local control and relationship-driven banking during his tenure [2] - Todd A. Gipple has been with the company since 2000 and has held various leadership roles, including Chief Operating Officer and President [2] - Nick W. Anderson has been with the company since late 2019 as Chief Accounting Officer and has a background in community service [2] Company Overview - QCR Holdings is a multi-bank holding company headquartered in Moline, Illinois, serving various communities through its subsidiary banks [4] - The company provides full-service commercial and consumer banking, as well as trust and wealth management services [4] - As of December 31, 2024, QCR Holdings reported $9.0 billion in assets, $6.7 billion in loans, and $7.1 billion in deposits [4]

Financial Data and Key Metrics Changes - The company reported its fourth quarter earnings, with a focus on financial results that will be summarized by management [1] - Management will discuss non-GAAP measures intended to supplement GAAP measures, with detailed financial information available in the press release [3] Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the available content Company Strategy and Development Direction and Industry Competition - The company will provide insights into its strategic direction and competitive landscape during the call [1] Management Comments on Operating Environment and Future Outlook - Management will share their views on the operating environment and future prospects, emphasizing forward-looking statements [2] Other Important Information - The conference call is being recorded and will be available for replay until January 30, 2025 [4] Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content

Core Insights - QCR Holdings reported revenue of $91.83 million for the quarter ended December 2024, reflecting a year-over-year decline of 11.3% and an EPS of $1.93 compared to $1.97 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $89.7 million, resulting in a surprise of +2.37%, while the EPS surprise was +11.56% against a consensus estimate of $1.73 [1] Financial Performance Metrics - Efficiency Ratio (Non-GAAP) was 58.3%, higher than the average estimate of 51.8% based on three analysts [4] - Net interest margin (GAAP) stood at 3%, below the average estimate of 3.4% from three analysts [4] - Average Balance of Total earning assets was $8.24 billion, slightly below the estimated $8.27 billion by two analysts [4] - Net charge-offs as a percentage of average loans/leases were 0.1%, significantly better than the estimated 0.4% by two analysts [4] - Total noninterest income reached $30.63 million, exceeding the average estimate of $28.73 million from three analysts [4] - Net Interest Income was $61.20 million, slightly above the average estimate of $61.14 million from two analysts [4] - Capital markets revenue was reported at $20.55 million, surpassing the average estimate of $15.50 million from two analysts [4] - Deposit service fees were $2.23 million, slightly below the average estimate of $2.26 million from two analysts [4] - Gains on sales of residential real estate loans were $0.73 million, exceeding the average estimate of $0.45 million from two analysts [4] - Net interest income - tax equivalent (non-GAAP) was $70.90 million, slightly below the average estimate of $71.34 million from two analysts [4] Stock Performance - Shares of QCR Holdings have returned -0.4% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1 - QCR Holdings reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.73 per share, but down from $1.97 per share a year ago, representing an earnings surprise of 11.56% [1] - The company posted revenues of $91.83 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.37%, but down from $103.47 million year-over-year [2] - Over the last four quarters, QCR Holdings has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2 - The stock has added about 1.1% since the beginning of the year, underperforming the S&P 500's gain of 2.9% [3] - The current consensus EPS estimate for the coming quarter is $1.60 on revenues of $86.95 million, and for the current fiscal year, it is $6.93 on revenues of $363.8 million [7] - The Zacks Industry Rank for Banks - Midwest is currently in the top 16% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Fourth Quarter Highlights Net income of $30.2 million, or $1.77 per diluted shareAdjusted net income of $32.8 million, or $1.93 per diluted share (non-GAAP) Record quarterly net interest income of $61.2 million Expanded NIM by 5 basis points and adjusted NIM (TEY) (non-GAAP) by 6 basis points to 3.40%Significant capital markets revenue of $20.6 million, including a $1.4 million gain on fourth securitizationTangible book value per share (non-GAAP) grew $1.21, or 10% annualizedTCE/TA ratio (non-GAAP) improved ...

Financial Performance - Fourth quarter net income was $30.2 million, or $1.77 per diluted share, compared to $27.8 million and $1.64 in the previous quarter [2]. - Full year record net income reached $113.9 million, or $6.71 per diluted share, with adjusted net income of $119.3 million, or $7.03 per diluted share (non-GAAP) [5]. - Net income for Q4 2024 was $30,225,000, an increase from $27,785,000 in Q3 2024, reflecting a growth of 5.2% [43]. - Net income for the year ended December 31, 2024, was $113,850,000, slightly up from $113,558,000 in 2023 [45]. - Basic EPS for the year ended December 31, 2024, was $6.77, compared to $6.79 in 2023, reflecting a minor decrease of 0.3% [45]. - Adjusted net income (non-GAAP) for Q4 2024 was $32,819 thousand, up 1.5% from $32,855 thousand in Q4 2023 [70]. - Adjusted earnings per common share (non-GAAP) for Q4 2024 was $1.95, an increase from $1.99 in Q4 2023, reflecting a decrease of 2.0% [70]. Income and Revenue - Record quarterly net interest income of $61.2 million, an increase of $1.5 million from the previous quarter, with a net interest margin (NIM) of 2.95% [5][8]. - Interest income for Q4 2024 was $121,642,000, a slight decrease from $125,420,000 in Q3 2024 [43]. - Total noninterest income for Q4 2024 was $30,625,000, up from $27,157,000 in Q3 2024, representing an increase of 9.1% [43]. - Total noninterest income for the year ended December 31, 2024, was $115,529,000, down from $132,684,000 in 2023, a decrease of 12.9% [45]. - Noninterest income for the fourth quarter totaled $30.6 million, with significant capital markets revenue of $20.6 million, up from $16.3 million in the prior quarter [12]. Assets and Liabilities - Total assets increased to $9,026,030 thousand as of December 31, 2024, compared to $8,538,894 thousand a year earlier, reflecting a growth of 5.7% [38]. - Total deposits rose to $7,061,187 thousand, up 8.4% from $6,514,005 thousand in the previous year [39]. - Net loans/leases reached $6,694,563 thousand, showing an increase from $6,456,216 thousand year-over-year, which is a growth of 3.7% [38]. - Total borrowings decreased to $569,532 thousand from $718,295 thousand, reflecting a reduction of 20.7% [39]. - The allowance for credit losses stood at $89,841 thousand, slightly up from $87,200 thousand a year ago, indicating a proactive approach to risk management [38]. Efficiency and Ratios - The efficiency ratio improved to 58.26% in the fourth quarter, with expectations for noninterest expenses in the range of $52 to $55 million for Q1 2025 [16]. - The tangible book value per share increased by $1.21, or 10% annualized, during the fourth quarter, and by $6.40, or 15%, for the full year [30]. - The efficiency ratio (Non-GAAP) improved to 58.26%, down from 61.65% in the previous quarter, indicating better cost management [48]. - The total risk-based capital ratio improved to 14.10%, up from 14.29% a year ago, indicating a slight decrease in capital adequacy [47]. - Return on average assets (annualized) was 1.34%, an increase from 1.29% in the previous quarter [48]. Credit Quality - Nonperforming assets (NPAs) totaled $45.6 million, with a ratio of NPAs to total assets at 0.50% [21][22]. - Total nonperforming assets increased to $45,554,000 as of December 31, 2024, up from $35,689,000 in the previous quarter, representing a 27.5% increase [58]. - The allowance for credit losses on loans/leases ended at $89,841,000, an increase from $86,321,000 in the prior quarter, reflecting a credit loss expense of $6,832,000 for the quarter [58]. - Nonperforming loans/leases totaled $44,350,000, up from $34,778,000 in the previous quarter, indicating a significant rise of 27.5% [58]. Market and Shareholder Information - Common shares outstanding increased to 16,882,045 as of December 31, 2024, compared to 16,749,254 a year earlier, reflecting a growth of approximately 0.79% [47]. - Book value per common share rose to $59.08, up from $52.93 a year ago, representing an increase of 11.7% [47]. - Market capitalization reached $1,361,368,000, a significant increase from $977,989,000 in the previous year, marking a growth of approximately 39.1% [47].

Core Viewpoint - QCR Holdings (QCRH) is expected to report a decline in quarterly earnings and revenues compared to the previous year, indicating potential challenges in financial performance [1]. Earnings Estimates - Wall Street analysts predict QCRH will post quarterly earnings of $1.73 per share, a decrease of 12.2% year-over-year [1]. - The consensus EPS estimate has been adjusted downward by 0.6% over the past 30 days, reflecting a reassessment of projections by analysts [2]. Revenue Projections - Revenues for QCRH are forecasted to be $89.7 million, representing a year-over-year decrease of 13.3% [1]. - Analysts expect 'Total noninterest income' to reach $28.73 million, down from $47.73 million reported in the same quarter last year [5]. Key Financial Metrics - The estimated 'Efficiency Ratio (Non-GAAP)' is projected at 51.8%, improving from 58.9% a year ago [4]. - 'Average Balance - Total earning assets' is expected to be $8.27 billion, up from $7.63 billion in the same quarter last year [5]. - 'Net Interest Income' is forecasted at $61.14 million, compared to $55.74 million a year ago [6]. - 'Net interest income - tax equivalent (non-GAAP)' is estimated to reach $71.34 million, up from $63.69 million in the previous year [6]. Stock Performance - QCR Holdings shares have shown a return of -1.1% over the past month, compared to a -0.4% change in the Zacks S&P 500 composite [7]. - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7].

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Core Viewpoint - QCR Holdings (QCRH) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook indicating a potential impact on its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for January 22, 2025, with expected quarterly earnings of $1.73 per share, reflecting a year-over-year decrease of 12.2% [3][12]. - Revenues are projected to be $89.7 million, down 13.3% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.62% lower in the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +6.51% suggests that analysts have recently become more optimistic about QCR Holdings' earnings prospects [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - QCR Holdings has a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, QCR Holdings exceeded the expected earnings of $1.49 per share by delivering $1.78, resulting in a surprise of +19.46% [12]. - The company has beaten consensus EPS estimates in all of the last four quarters [13]. Industry Comparison - Wintrust Financial (WTFC), a peer in the Zacks Banks - Midwest industry, is expected to report earnings of $2.52 per share, marking a year-over-year increase of 34.8% [17]. - Wintrust's revenues are projected to be $640.87 million, up 12.3% from the previous year, but it has an Earnings ESP of -0.66%, making it challenging to predict an earnings beat [18].

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? QCR Holdings (QCRH) , which belongs to the Zacks Banks - Midwest industry, could be a great candidate to consider.When looking at the last two reports, this bank holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.96%, on average, in the last two quarters.For the last reported quarter, Q ...