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 ...

Financial Performance - Net income for Q1 2024 was $26.7 million, with diluted EPS of $1.58, down from $32.9 million and $1.95 in Q4 2023[2] - Adjusted net income (non-GAAP) for Q1 2024 was $26.9 million, compared to $33.3 million in Q4 2023[3] - Net income for the quarter was $26,726,000, down from $32,855,000 in the prior quarter, representing a decrease of 18.6%[39] - Basic EPS for the quarter was $1.59, compared to $1.96 in the previous quarter, a decline of 18.9%[39] - Adjusted net income (non-GAAP) for Q1 2024 was $26,855,000, a decrease of 19.5% from $33,315,000 in Q4 2023[64] - Adjusted earnings per common share (non-GAAP) for Q1 2024 were $1.60 (basic) and $1.59 (diluted), compared to $1.99 (basic) and $1.97 (diluted) in Q4 2023[64] Income and Expenses - Noninterest income totaled $26.9 million, down from $47.7 million in Q4 2023, with capital markets revenue at $16.5 million[12] - Total noninterest income decreased to $26,858,000 from $47,729,000 in the previous quarter, a decline of 43.8%[39] - Total noninterest expense decreased to $50,690,000 from $60,938,000 in the previous quarter, a reduction of 16.8%[39] - Noninterest expense (GAAP) for Q1 2024 was $50,690,000, a decrease from $60,938,000 in Q4 2023[65] Asset and Deposit Growth - Total assets increased to $8,599,549 thousand as of March 31, 2024, compared to $8,538,894 thousand at December 31, 2023, reflecting a growth of 0.7%[34] - Total deposits rose to $6,806,775 thousand, up 4.5% from $6,514,005 thousand at December 31, 2023[35] - Total assets for Quad City Bank and Trust increased to $2,618,727,000 from $2,448,957,000 in the previous quarter, representing a growth of 6.9%[55] - Total deposits at Quad City Bank and Trust rose to $2,161,515,000, up 14.9% from $1,878,375,000 in the previous quarter[55] Loan and Lease Performance - Total loans and leases grew by $104.9 million to $6.6 billion, representing a 6.4% annualized growth[19] - The company maintains a loan growth target of 8% to 10% for the full year 2024[21] - The loan portfolio included significant LIHTC balances totaling $1.9 billion as of March 31, 2024[36] - Total loans and leases for Quad City Bank and Trust increased to $2,046,038,000, a rise of 3.1% from $1,983,679,000 in the previous quarter[55] Asset Quality - Nonperforming assets decreased by 8.5% to $31.3 million, improving the ratio of NPAs to total assets to 0.36%[22] - The allowance for credit losses decreased to $84,470 thousand from $87,200 thousand, indicating improved asset quality[34] - Nonperforming assets totaled $31,327 thousand, representing 0.36% of total assets, an improvement from 0.40% in the previous quarter[52] - The allowance for credit losses on loans/leases decreased to $84,470 thousand from $87,200 thousand in the previous quarter[52] Capital and Ratios - The total risk-based capital ratio was 14.30%, with a common equity tier 1 ratio of 9.91% as of March 31, 2024[25] - Tangible book value per share (non-GAAP) increased by $1.12, or 10.2% annualized[26] - Total stockholders' equity increased to $907,342 thousand, up from $886,596 thousand, marking a growth of 2.8%[34] - Total stockholders' equity rose to $903,371,000, an increase of 6.00% from $852,163,000 in the prior quarter[43] Efficiency and Returns - The efficiency ratio (Non-GAAP) increased to 62.15% from 58.90% in the previous quarter, indicating a decline in operational efficiency[42] - Return on average assets (annualized) decreased to 1.25% from 1.53% in the previous quarter[42] - Adjusted return on average assets (annualized) decreased to 1.26% in Q1 2024 from 1.56% in Q4 2023[65] - The net interest margin (TEY) (non-GAAP) for Q1 2024 was 3.25%, a decrease from 3.32% in Q4 2023[65]

Table of Contents 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, 2023. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-22208 QCR HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 42-1397595 (State of incorporation) (I.R.S. Employer Identification No.) 3551 7th S ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q4 2023 Earnings Conference Call January 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 Brian Martin - Janney Montgomery Scott Jeff Rulis - DA Davidson Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Operator Greetings and welcome to the QCR Holdings Incorporated Earnings Conference Call for the Fourth ...

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, 2023 ☐ 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 o ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President and Chief Financial Officer Conference Call Participants Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Daniel Tamayo - Raymond James Operator Greetings and welcome to the QCR Holdings Inc. Earnings Conference Call for the Third Quarter of 2023. Yesterday after market close the company distributed its third ...

)CR HOLDINGS, INC. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forwardlooking statements. These factors include, among others, the following: (i) the strength of the local, state, national and international economies(including effects of inflationary pressures and supply chain constraints); (ii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics ...

Financial Performance - Net income for the three months ended June 30, 2023, was $28,425 thousand, a 86.1% increase compared to $15,242 thousand for the same period in 2022[13] - Basic earnings per common share increased to $1.70 for the three months ended June 30, 2023, compared to $0.88 for the same period in 2022, reflecting a significant growth of 93.2%[13] - Net income for the six months ended June 30, 2023, was $55,582,000, up from $38,866,000 in 2022, reflecting a 42.9% growth[16] - Basic earnings per common share increased to $3.32 in 2023 from $2.36 in 2022, a growth of 40.6%[15] - Comprehensive income for the six months ended June 30, 2023, was $58,571,000, compared to a loss of $12,760,000 in 2022[16] - Net income for the three months ended June 30, 2023, was $28,425,000, a 86.2% increase from $15,242,000 in the same period of 2022[81] Asset and Liability Growth - Total assets increased to $8,226,673 thousand as of June 30, 2023, up from $7,948,837 thousand at December 31, 2022, representing a growth of 3.5%[11] - The total liabilities increased to $7,403,984 thousand as of June 30, 2023, from $7,176,113 thousand at December 31, 2022, representing a growth of 3.2%[11] - Total deposits increased to $6,606,720 thousand as of June 30, 2023, compared to $5,984,217 thousand at December 31, 2022, an increase of 10.4%[11] - Cash and due from banks increased to $84,084 thousand as of June 30, 2023, compared to $59,723 thousand at December 31, 2022, a rise of 40.9%[11] Income and Expense Analysis - Total noninterest income rose to $32,520 thousand for the three months ended June 30, 2023, up from $22,782 thousand in the same period of 2022, marking a 42.7% increase[13] - Total noninterest expenses increased to $98,512,000 in 2023 from $92,573,000 in 2022, a rise of 6.4%[15] - Interest payments increased significantly to $78,966,000 in 2023 from $13,779,000 in 2022, reflecting a rise in interest expenses[20] - The company reported a total interest and dividend income of $98,377 thousand for the three months ended June 30, 2023, compared to $68,205 thousand in the same period of 2022, an increase of 44.2%[13] Credit Quality and Provisions - Provision for credit losses decreased to $3,606 thousand for the three months ended June 30, 2023, down from $11,200 thousand in the same period of 2022, indicating improved credit quality[13] - The company reported a provision for credit losses of $7,534,000 in 2023, slightly down from $8,284,000 in 2022, a decrease of 9.0%[15] - The allowance for credit losses decreased to $85.8 million as of June 30, 2023, from $87.7 million as of December 31, 2022[49] - The percentage of current loans in the total loan/lease portfolio was 99.30% as of June 30, 2023, compared to 99.71% as of December 31, 2022[51] Loan and Lease Portfolio - The loan/lease portfolio totaled $6.379 billion as of June 30, 2023, an increase from $6.139 billion as of December 31, 2022, representing a growth of approximately 3.9%[49] - The company held $1.308 billion in construction and land development loans as of June 30, 2023, up from $1.192 billion at the end of 2022, indicating a growth of approximately 9.7%[49] - The total for construction and land development loans was $16,507 thousand, with all loans classified as performing[66] - The total for CRE - owner occupied loans is $609,717 thousand, with a mix of performing and nonperforming loans[65] Capital and Ratios - The Company maintained a total risk-based capital ratio of 14.69% as of June 30, 2023, exceeding the minimum requirement of 8.00%[98] - Tier 1 risk-based capital ratio was reported at 10.38% as of June 30, 2023, above the required minimum of 6.00%[98] - The total risk-based capital ratio as of December 31, 2022, was 14.28%, exceeding the required minimum of 8.00%[99] Interest Rate Management - The Company has $300 million in deposits hedged against rising interest rates with interest rate caps, with an initial premium of $3.5 million paid[74] - The interest rate collar for loans has a notional amount of $50,000 thousand with a cap strike rate of 4.40% and a floor strike rate of 2.44%[74] - The total balance of interest rate swaps decreased to $159,172 thousand as of June 30, 2023, from $166,614 thousand as of December 31, 2022[73] Noninterest Income and Fees - Total noninterest income increased by 51.9% to $58.4 million for the first half of 2023 compared to $38.4 million in the same period of 2022, with significant contributions from capital markets revenue and trust fees[152] - Capital markets revenue surged by 72.9% to $22.5 million in the second quarter of 2023 compared to $13.0 million in the same period of 2022[152] - Trust fees increased by 14% in the second quarter of 2023 compared to the same period in 2022, reflecting an increase in assets under management by $569.9 million in the second quarter[152] Operational Efficiency - The efficiency ratio (non-GAAP) improved to 58.01% for the quarter ended June 30, 2023, from 59.02% in the previous quarter and 66.01% a year ago[124] - Noninterest expense (GAAP) was $49.7 million for the quarter ended June 30, 2023, compared to $48.8 million in the previous quarter and $54.2 million a year ago[124] Market and Economic Conditions - The Company aims to generate loan and lease growth of 9% per year, funded by core deposits, as part of its long-term strategic financial metrics[109] - The Company plans to continue growing quality loans and leases while expanding its private placement tax-exempt securities portfolio to maximize yield and minimize risks[142]

QCR Holdings, Inc. (NASDAQ:QCRH) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President & Chief Financial Officer Conference Call Participants Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Daniel Tamayo - Raymond James Operator Greetings, and welcome to the QCR Holdings Inc. Earnings Conference Call for the Second Quarter of 2023. Yesterday, after market close, the company distributed ...

Financial Performance - Net income for Q1 2023 was $27,157 thousand, compared to $23,624 thousand in Q1 2022, marking an increase of 15.5%[15]. - Comprehensive income for Q1 2023 was $36,482,000, compared to a loss of $3,716,000 in Q1 2022[16]. - Total revenue for the three months ended March 31, 2023, was $120,059,000, an increase from $66,695,000 in the same period of 2022, representing an increase of approximately 80.4%[89]. - Net interest income for the three months ended March 31, 2023, was $56,810 thousand, up from $45,733 thousand in the same period of 2022, representing a year-over-year increase of 24.5%[15]. - Noninterest income for Q1 2023 was $25,842 thousand, an increase from $15,633 thousand in Q1 2022, reflecting a growth of 65.1%[15]. - Basic earnings per common share increased to $1.62 for Q1 2023, compared to $1.51 for Q1 2022, representing a growth of 7.3%[15]. - The company reported net income of $27.2 million and diluted EPS of $1.60 for Q1 2023, compared to $30.9 million and $1.81 in Q4 2022, and $23.6 million and $1.49 in Q1 2022[100]. - Adjusted net income (non-GAAP) for Q1 2023 was $28,024,000, down 10% from $31,129,000 in Q4 2022 but up 15% from $24,371,000 in Q1 2022[119]. Asset and Deposit Growth - Total assets increased to $8,036,904 thousand as of March 31, 2023, compared to $7,948,837 thousand as of December 31, 2022, reflecting a growth of 1.1%[12]. - Total deposits rose to $6,501,663 thousand as of March 31, 2023, from $5,984,217 thousand as of December 31, 2022, indicating a growth of 8.7%[12]. - The net increase in deposit accounts was $517,446,000 in Q1 2023, compared to a decrease of $83,083,000 in Q1 2022[18]. - The Company’s nonmaturity deposits totaled $5,288,242,000 as of March 31, 2023, reflecting a stable funding base[89]. - The Company added $497.5 million in short-term brokered deposits during the quarter to enhance liquidity and eliminate overnight borrowings from the FHLB[199]. Credit Quality and Allowance for Credit Losses - The allowance for credit losses decreased slightly to $86,573 thousand as of March 31, 2023, from $87,706 thousand as of December 31, 2022[12]. - The provision for credit losses was $3,928,000 in Q1 2023, compared to a benefit of $2,916,000 in Q1 2022[18]. - The company’s allowance for credit losses (ACL) on loans and leases was 1.43% of total gross loans/leases held for investment as of March 31, 2023, unchanged from December 31, 2022[135]. - The provision for credit losses totaled $2,458 thousand in Q1 2023, compared to a charge-off of $2,275 thousand[185]. - Nonperforming assets (NPAs) increased to $23.0 million as of March 31, 2023, up $14.1 million from December 31, 2022, and up $20.3 million from March 31, 2022[195]. Loan Portfolio and Performance - The company reported a total of $6,190,022 thousand in gross loans/leases receivable as of March 31, 2023, down from $6,138,871 thousand as of December 31, 2022[12]. - The total loan/lease portfolio amounted to $6,190.0 million, an increase from $6,138.9 million as of December 31, 2022, reflecting a growth of approximately 0.84%[46]. - The construction and land development loan portfolio totaled $1,208,185 thousand, with a 19% share of total loans/leases[181]. - Total loans/leases increased by 3.3% on an annualized basis in Q1 2023, reaching $6,190,022 thousand[177]. - The company aims to grow quality loans and leases while expanding its private placement tax-exempt securities portfolio to maximize yield[130]. Capital Adequacy and Regulatory Compliance - The Company and its subsidiary banks met all capital adequacy requirements as of March 31, 2023, ensuring compliance with regulatory standards[91]. - Total risk-based capital for the Company was $1,078,343 thousand with a ratio of 14.68% as of March 31, 2023, exceeding the required 8.00%[93]. - Tier 1 risk-based capital was reported at $754,221 thousand with a ratio of 10.27% as of March 31, 2023, also above the required 6.00%[93]. - Common equity Tier 1 capital stood at $705,587 thousand with a ratio of 9.60% as of March 31, 2023, surpassing the minimum requirement of 4.50%[93]. Interest Rate Management - The company has $300 million in deposits hedged against rising interest rates, with an initial premium of $3.5 million paid for interest rate caps[68]. - The fair value of interest rate caps as of March 31, 2023, is $6,714,000, a decrease from $8,327,000 as of December 31, 2022, indicating a decline of about 19.4%[68]. - The company has entered into interest rate swaps with a total notional amount of $300 million, with liabilities recorded at $(29,978,000) as of March 31, 2023, down from $(35,631,000) at the end of 2022, reflecting an improvement of approximately 15.7%[69]. - The company utilizes interest rate collars to manage future interest rate exposure on variable rate loans, with a notional amount of $50,000,000 and a fair value of $(57,000) as of March 31, 2023[69]. Noninterest Expense and Efficiency - Noninterest expense totaled $48.8 million in Q1 2023, an increase of $10.5 million, or 27%, compared to Q1 2022[113]. - The efficiency ratio (non-GAAP) improved to 59.02% in Q1 2023 from 57.50% in Q4 2022, but worsened from 62.45% in Q1 2022[119]. - Total noninterest expense increased by 27.3% year-over-year in Q1 2023, with salaries and employee benefits rising by 35.5% due to the GFED acquisition[155][156]. Market Presence and Strategic Initiatives - The acquisition of GFED, the holding company of GB, was completed on April 1, 2022, and the merged entity is now named Guaranty Bank[25]. - The combined bank from the merger is expected to enhance market presence and operational efficiency in the Springfield area[25]. - The company has not invested in private mortgage-backed securities or pooled trust preferred securities, focusing solely on government-sponsored or guaranteed securities[32].