QCR (QCRH)
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QCR Holdings (QCRH) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-24 22:46
This quarterly report represents an earnings surprise of 24.46%. A quarter ago, it was expected that this bank holding company would post earnings of $1.32 per share when it actually produced earnings of $1.59, delivering a surprise of 20.45%. QCR Holdings, which belongs to the Zacks Banks - Midwest industry, posted revenues of $87.05 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.90%. This compares to year-ago revenues of $85.73 million. The company has topped consens ...
QCR (QCRH) - 2024 Q2 - Quarterly Results
2024-07-24 20:05
· Net income of $29.1 million, or $1.72 per diluted share · Net interest income up $1.5 million, or nearly 3% from the prior quarter, an 11% annualized growth rate · Adjusted NIM (TEY)(non-GAAP) expanded by 2 basis points from the prior quarter · Noninterest income up $4.0 million, or 15% from the prior quarter · Continued strong capital markets revenue of $17.8 million · Well-controlled noninterest expenses of $49.9 million, down $0.8 million, or nearly 2% from the prior quarter · Tangible book value (non- ...
QCR Holdings, Inc. Announces Net Income of $29.1 Million for the Second Quarter of 2024
Newsfilter· 2024-07-24 20:05
Second Quarter 2024 Highlights MOLINE, Ill., July 24, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ:QCRH) (the "Company") today announced quarterly net income of $29.1 million and diluted earnings per share ("EPS") of $1.72 for the second quarter of 2024, compared to net income of $26.7 million and diluted EPS of $1.58 for the first quarter of 2024. | --- | --- | --- | --- | --- | |---------------------------------------|-----------------------------------------|-------|------------------|------------ ...
QCR Holdings, Inc. Announces Net Income of $29.1 Million for the Second Quarter of 2024
GlobeNewswire News Room· 2024-07-24 20:05
Net interest margin ("NIM") was 2.82% and NIM on a tax-equivalent yield ("TEY") basis (non-GAAP) was 3.27% for the second quarter, as compared to 2.82% and 3.25% for the prior quarter, respectively. Adjusted NIM TEY (non-GAAP) of 3.26%, represented an increase of 2 basis points from 3.24% for the first quarter of 2024. Second Quarter 2024 Highlights Total uninsured and uncollateralized deposits remain very low at 18% of total deposits as of the end of the second quarter of 2024, as compared to 20% as of the ...
QCR Holdings, Inc. Announces Retirement of John Anderson
Newsfilter· 2024-05-20 20:05
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994; Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, com ...
QCR Holdings, Inc. Announces Retirement of John Anderson
globenewswire.com· 2024-05-20 20:05
PRESS CONTACT: Cari Henson VP, Corporate Communications Manager 309.277.2668 | chenson@qcrh.com About Us QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf ...
QCR Holdings, Inc. Announces Annual Meeting Results and a Cash Dividend of $0.06 Per Share
Newsfilter· 2024-05-17 20:05
MOLINE, Ill., May 17, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of four Class I directors at the Company's annual meeting of its stockholders. The directors, Mary Kay Bates, John-Paul E. Besong, Todd A. Gipple, and Donna J. Sorenson, were re-elected to three-year terms. Additionally, on May 15, 2024, the Company's Board of Directors declared a cash dividend of $0.06 per share payable on July 3, 2024, to holders of common stock of the Company of record on June 14 ...
QCR Holdings, Inc. Announces Annual Meeting Results and a Cash Dividend of $0.06 Per Share
globenewswire.com· 2024-05-17 20:05
MOLINE, Ill., May 17, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of four Class I directors at the Company's annual meeting of its stockholders. The directors, Mary Kay Bates, John-Paul E. Besong, Todd A. Gipple, and Donna J. Sorenson, were re-elected to three-year terms. Contact: Todd A. Gipple President Chief Financial Officer (309) 743-7745 tgipple@qcrh.com Additionally, on May 15, 2024, the Company's Board of Directors declared a cash dividend of $0.06 per sha ...
QCR (QCRH) - 2024 Q1 - Quarterly Report
2024-05-09 15:01
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 March 31, 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 ot ...
QCR (QCRH) - 2024 Q1 - Earnings Call Transcript
2024-04-24 20:41
QCR Holdings, Inc. (NASDAQ:QCRH) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President and Chief Financial Officer Conference Call Participants Nathan Race - Piper Sandler. Damon DelMonte - KBW Jeff Rulis - DA Davidson Daniel Tamayo - Raymond James Brian Martin - Janney Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the First Quarter of 2024. Yesterday after market closed, the c ...