QCR Holdings Inc. (NASDAQ:QCRH) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET Company Participants Larry Helling - CEO & Director Todd Gipple - President, COO, CFO & Director Conference Call Participants Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Daniel Tamayo - Raymond James Jeff Rulis - D.A. Davidson Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the First Quarter of 2023. Yesterday, after market close, the company ...

Financial Performance - The Company reported net income of $99.1 million for the year ended December 31, 2022, with diluted EPS of $5.87, compared to net income of $98.9 million and diluted EPS of $6.20 in 2021[204]. - Adjusted net income (non-GAAP) for 2022 was $114.9 million, or $6.80 per diluted share, representing an increase of 14.8% and 8.5%, respectively, excluding one-time expenses related to the GFED acquisition[207]. - The Company reported net income of $99.1 million for 2022, compared to $98.9 million in 2021, indicating a slight increase of 0.2%[333]. Loan and Lease Growth - Loan and lease growth for the year was 14.6%, excluding PPP and GFED acquired loans[207]. - Loan and lease growth in 2022 was 31.2%, with organic growth (excluding PPP and GFED loans) at 14.6%[217]. - The Company aims to grow loans/leases by 9% per year, funded by core deposits[214]. Interest Income and Expense - Net interest income increased by $52.9 million, or 29.7%, in 2022, primarily due to an improved net interest margin in a rising interest rate environment[213]. - Interest income increased by $92.4 million, or 46%, compared to 2021, driven by higher yields and increased loan volumes[238]. - Interest expense rose by $39.5 million, or 180%, year-over-year, with the cost of funds increasing to 1.28% in 2022 from 0.59% in 2021[240]. Noninterest Income and Expense - Noninterest income decreased by $19.7 million, or 19.6%, primarily due to lower capital markets revenue from swap fee income[213]. - Total noninterest income decreased by 19.6% in 2022, totaling $80.7 million compared to $100.4 million in 2021[247]. - Total noninterest expense increased by 23.6% in 2022, amounting to $190.0 million, influenced by the GFED acquisition and one-time charges[263]. Credit Losses and Provisions - Provision for credit losses increased by $4.8 million in 2022, attributed to a CECL Day 2 provision for credit losses on acquired loans from the GFED transaction[213]. - The total provision for credit losses was $8.3 million for 2022, an increase of $4.8 million from 2021, primarily due to CECL Day 2 credit loss expense related to the GFED acquisition[243]. - The company recorded a pre-tax provision of $11.0 million for credit losses on loans in 2022 due to the CECL Day 2 provision related to the GFED acquisition[293]. Assets and Deposits - As of December 31, 2022, the Company had $7.9 billion in consolidated assets, including $6.1 billion in total loans/leases and $6.0 billion in deposits[187]. - Total deposits grew by $1.1 billion, or 22%, during 2022[279]. - The company had total uninsured deposits of $1.6 billion as of December 31, 2022, down from $1.9 billion in 2021[313]. Capital and Equity - Total stockholders' equity increased to $772.7 million in 2022, up from $677.0 million in 2021[279]. - The effective tax rate decreased to 12.7% in 2022 from 18.6% in 2021, with income tax expense at $14.5 million[277]. Risk Management and Lending Policies - The Company’s risk management includes assessing the ability and stability of current management, stable earnings, and sufficient cash flow for debt repayment[43][44]. - The Company’s lending policy specifies maximum loan-to-value limits for CRE loans, with a maximum advance rate of 80% for loans on improved property[51]. - The company has established policy limits for non-owner occupied CRE loans at 300% of total risk-based capital, with heightened risk management practices when outstanding balances increase by 50% or more over 36 months[55]. Market Conditions and Trends - The company’s net unrealized gains shifted from 7.17% in 2021 to a net unrealized loss of (11.26)% in 2022 due to rising interest rates[282]. - Fair value gain on derivatives increased by 1061.8% in 2022, driven by the rising interest rate environment[260].

QCR Holdings, Inc. (NASDAQ:QCRH) Q4 2022 Earnings Conference Call January 25, 2023 12:00 PM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President, Chief Operating Officer, and Chief Financial Officer Conference Call Participants Jeff Rulis - D.A. Davidson Damon DelMonte - KBW Daniel Tamayo - Raymond James Brian Martin - Janney Montgomery Nathan Race - Piper Sandler Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Fourth Quarter of F ...

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, 2022 ☐ 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) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Larry Helling - CEO Todd Gipple - President, COO & CFO Conference Call Participants Damon DelMonte - KBW Daniel Tamayo - Raymond James Brian Martin - Janney Montgomery Scott Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Third Quarter of 2022. Yesterday, after market close, the company distribute ...

Financial Performance - Net income for the three months ended June 30, 2022, was $15,242 thousand, a decrease of 31.5% compared to $22,349 thousand in the same period of 2021[14]. - Net income for 2022 was $38,866,000, down from $40,331,000 in 2021, a decrease of 3.6%[18]. - Net income for the six months ended June 30, 2022, was $38.866 million, a decrease of 3.5% from $40.331 million in 2021[22]. - Net income from continuing operations for the three months ended June 30, 2022, was $15,242,000, compared to $22,349,000 in the same period of 2021, indicating a decrease of about 31.5%[115]. - The Company reported a net income of $15.2 million and diluted EPS of $0.87 for the quarter ended June 30, 2022, a decrease from $23.6 million and $1.49 in the previous quarter[133]. Revenue and Income Sources - Total revenue for the three months ended June 30, 2022, was $90,987,000, an increase from $68,199,000 in the same period of 2021, representing a growth of approximately 33.4%[115]. - Total noninterest income increased to $22,782 thousand, a 18.5% rise from $19,296 thousand year-over-year[14]. - Noninterest income decreased to $38,415,000 in 2022 from $42,785,000 in 2021, a decline of 10.2%[18]. - Trust department fees contributed significantly to noninterest income, with 188 new relationships added totaling $250.9 million in new assets under management in the first six months of 2022[148]. - Capital markets revenue from swap fees totaled $13.0 million for the quarter and $19.4 million for the six months of 2022[144]. Assets and Liabilities - Total assets increased to $7,392,941 thousand as of June 30, 2022, up from $6,096,132 thousand as of December 31, 2021, representing a growth of 21.2%[12]. - Total deposits increased to $5,820,657 thousand, a 18.3% increase from $4,922,772 thousand as of December 31, 2021[12]. - The total assets acquired by the Company amounted to $1,218,273,000, while total liabilities assumed were $1,137,729,000, resulting in net assets acquired of $80,544,000[40]. - The Company reported a total of 17,345,324 weighted average common shares outstanding for Q2 2022, compared to 15,813,932 in Q2 2021[99]. Loans and Credit Quality - Net loans/leases receivable rose to $5,705,478 thousand, a 24% increase from $4,601,411 thousand in the previous year[12]. - The total loan/lease portfolio amounted to $5,797.9 million, an increase of 23.9% from $4,680.1 million as of December 31, 2021[64]. - Nonperforming loans (NPLs) totaled $23.8 million as of June 30, 2022, with a total NPL percentage of 0.41%[66]. - The allowance for credit losses was $92.4 million as of June 30, 2022, compared to $78.7 million as of December 31, 2021, indicating a rise of 17.4%[64]. - The provision for credit losses for the three months ended June 30, 2022, was $12.141 million, which included $11.0 million related to acquired non-PCD loans from Guaranty Bank[69]. Interest Income and Expenses - Net interest income for the three months ended June 30, 2022, was $59,400 thousand, up 36.5% from $43,516 thousand in the same period of 2021[14]. - Total interest and dividend income increased to $119,267,000 in 2022 from $96,468,000 in 2021, representing a growth of 23.6%[18]. - The average cost of interest-bearing liabilities was 0.74% for the quarter ended June 30, 2022, compared to 0.60% for the same quarter in 2021[173]. - Interest income increased by 39% in Q2 2022 compared to Q2 2021, and by 24% for the first half of 2022 compared to the same period in 2021, primarily due to the GFED acquisition and increased yields on loans and securities[171]. Noninterest Expenses - Total noninterest expense for the three months ended June 30, 2022, was $54,248 thousand, up 52.2% from $35,675 thousand in the same period of 2021[14]. - Noninterest expense rose by 42% in the second quarter of 2022 compared to the first quarter, primarily due to acquisition costs and post-acquisition expenses[137]. - Salaries and employee benefits increased by 30.1% in Q2 2022 compared to Q2 2021, and by 11.9% in the first half of 2022 compared to the first half of 2021[194]. - Acquisition costs totaled $2.0 million in Q2 2022 and $3.8 million in the first half of 2022, with no costs incurred in the same periods of 2021[198]. Capital and Regulatory Compliance - The Company’s total common equity Tier 1 capital ratio was maintained above the regulatory minimum, ensuring compliance with capital adequacy guidelines[118]. - Total risk-based capital for the Company was $907,484 thousand, with a ratio of 13.40%, exceeding the required 8.00%[119]. - As of June 30, 2022, the Company and its subsidiary banks met all capital adequacy requirements as per regulatory standards[117]. Acquisitions - The Company completed the acquisition of GFED on April 1, 2022, merging its subsidiary bank, Guaranty Bank, into Springfield First Community Bank[115]. - The acquisition of Guaranty Bank on April 1, 2022, resulted in total assets acquired valued at $1.218 billion and net assets acquired of $80.544 million[23]. - The consideration paid for the acquisition included $26,871,000 in cash and $117,214,000 in common stock, totaling $144,085,000, with goodwill recognized at $63,541,000[40]. Economic Outlook and Risks - The Company anticipates that the economic impact from COVID-19 may continue to adversely affect its business and loan portfolio[126]. - The Company’s financial statements are prepared in accordance with GAAP, requiring management to make estimates that could significantly change[127].

QCR Holdings, Inc. (NASDAQ:QCRH) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Damon DelMonte - KBW Brian Martin - Janney Montgomery Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Operator Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the Second Quarter of 2022. ...

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 transition period from ______to________ Commission file number 0-22208 QCR HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 42-1397595 (I.R.S. Employer Identification No.) 3551 7 th Street, Moline, Illinois 61265 (Address ...

QCR Holdings, Inc. (NASDAQ:QCRH) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Larry Helling - Chief Executive Officer Todd Gipple - President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Damon DelMonte - KBW Brian Martin - Janney Montgomery Daniel Tamayo - Raymond James Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. ...

Table of Contents (Exact name of registrant as specified in its charter) Delaware 42-1397595 (State of incorporation) (I.R.S. Employer Identification No.) 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, 2021. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-22208 QCR HOLDINGS, INC. 3551 7th S ...