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Mar 31, 2024
QCR Holdings Q1 2024 Earnings Report
Announced net income of $26.7 million and diluted earnings per share of $1.58.
Key Takeaways
QCR Holdings reported a strong first quarter with a net income of $26.7 million and diluted EPS of $1.58. The company experienced significant fee income, core deposit and loan balance growth, well-managed expenses, improved asset quality, and strengthened capital levels.
Core deposits increased by $316.2 million, or 20.3% annualized.
Total loans and leases grew by $104.9 million, or 6.4% annualized.
Nonperforming assets decreased by 8.5% to $31.3 million.
Capital markets revenue totaled $16.5 million.
Revenue by Segment
Forward Guidance
QCR Holdings maintains its loan growth target for the full year 2024 of 8% to 10%, prior to loan securitizations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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