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. | --- | --- | --- | --- | --- | |---------------------------------------|-----------------------------------------|-------|------------------|------------ ...

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., 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 ...

Group 1 - QCR Holdings, Inc. announced the retirement of John H. Anderson, Chief Deposit Officer and CEO of Quad City Bank and Trust Company, effective January 3, 2025 [1] - Laura "Divot" Ekizian will succeed Mr. Anderson as CEO of QCBT while continuing her role as President [1] - Mr. Anderson has been a leader in the Quad Cities banking industry for 40 years, with 26 years at QCBT and 17 years as CEO [1] Group 2 - QCR Holdings, Inc. is a multi-bank holding company headquartered in Moline, Illinois, serving various communities through its wholly owned subsidiary banks [2] - The company provides full-service commercial and consumer banking, as well as trust and wealth management services [2] - As of March 31, 2024, QCR Holdings had $8.6 billion in assets, $6.6 billion in loans, and $6.8 billion in deposits [2]

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 ...

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 ...

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 ...

Financial Data and Key Metrics Changes - The company reported adjusted net income of $26.9 million, or $1.59 per diluted share, with a return on average assets (ROAA) of 1.25% and return on average equity (ROAE) of 11.83% for the quarter, indicating strong performance relative to peers [3][11][13] - Total loans grew by 6.4% on an annualized basis, translating to a net growth of $105 million, primarily driven by the low-income housing tax credit (LIHTC) lending program [43][50] - Core deposits increased by $316 million during the quarter, representing over 20% annualized growth, which is crucial for sustaining future loan growth [21][43] Business Line Data and Key Metrics Changes - Non-interest income for the first quarter was $26.9 million, down from a record $47.7 million in the previous quarter, with capital markets revenue at $16.5 million benefiting from strong demand for affordable housing [27][59] - The wealth management business generated $4.3 million in revenue, reflecting a 16% annualized increase from the previous quarter, with significant growth anticipated in new markets [58][102] Market Data and Key Metrics Changes - The company maintained a low level of uninsured and uncollateralized deposits at 20% of total deposits, indicating strong liquidity management [52] - The ratio of non-performing assets (NPAs) to total assets improved to 36 basis points, remaining below historical averages, showcasing excellent asset quality [13][60] Company Strategy and Development Direction - The company is focused on its 9-6-5 strategy, aiming to sustain top-tier financial performance across key metrics such as earnings per share and tangible book value per share growth [17][49] - Future loan growth is expected to be funded through core deposit growth and ongoing securitizations, with a commitment to enhancing employee and client experiences through technology investments [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic resilience of their markets, noting no significant signs of weakness among clients [45][46] - The company is well-positioned to navigate potential rate cuts, with expectations of benefiting from improved margins if rates decrease [110] Other Important Information - The tangible common equity ratio increased to 8.94%, driven by strong earnings, with a goal to reach the low nines for better capital positioning [30][125] - The effective tax rate for the quarter was 4%, significantly lower than the previous quarter, aided by tax-exempt loan and bond portfolios [31][32] Q&A Session Summary Question: What is the impact of upcoming LIHTC securitizations? - Management expects a $275 million securitization to occur in the third quarter, which will enhance liquidity and positively impact net interest margin [35][75] Question: How are deposit costs evolving? - There has been a reduction in non-interest bearing deposits, but management noted a stabilization in deposit pricing, with expectations of maintaining competitive rates [68][76] Question: What is the outlook for loan growth? - The company maintains confidence in achieving 4% to 6% growth with securitization and 8% to 10% without it, supported by strong early quarter performance [90] Question: How is the wealth management business performing? - The wealth management segment is growing well, with an 11% increase in assets under management and a strong client acquisition rate [102] Question: What are the priorities for capital management? - The focus is on strengthening the balance sheet and capital ratios before considering stock buybacks or dividends, with M&A being a lower priority currently [125]

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 ...