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QCR Holdings Q1 2025 Earnings Report
QCR Holdings, Inc. announced a net income of $25.8 million for the first quarter of 2025, with diluted earnings per share of $1.52.
Key Takeaways
QCR Holdings, Inc. reported a net income of $25.8 million for the first quarter of 2025, or $1.52 per diluted share. Adjusted net income was $26.0 million, or $1.53 per diluted share. The company saw margin expansion, robust deposit growth, and strong wealth management revenue growth, despite a decrease in capital markets revenue.
Net income for Q1 2025 was $25.8 million, or $1.52 per diluted share.
Adjusted net income (non-GAAP) was $26.0 million, or $1.53 per diluted share.
Adjusted NIM (TEY) (non-GAAP) expanded to 3.41%.
Core deposits grew 20% annualized, and wealth management revenue increased 14% annualized.
QCR Holdings
QCR Holdings
QCR Holdings Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comCapital Markets Revenue
CapyFin.com Forward Guidance
QCR Holdings, Inc. is suspending its full-year loan growth guidance due to heightened uncertainty, but projects an annualized growth rate of 4% to 6% for the second quarter of 2025. The company anticipates continued margin expansion and expects noninterest expense to be in the range of $50 million to $53 million for Q2 2025, with an effective tax rate between 6% and 8%.
Positive Outlook
- Anticipate continued margin expansion.
- Guiding to second quarter adjusted NIM TEY in the range from static to an increase of four basis points, assuming no Federal Reserve rate cuts.
- Expect capital markets revenue to be in a range of $50 million to $60 million over the next four quarters.
- Expect continued strong growth in wealth management business.
- Expect noninterest expense to be in the range of $50 million to $53 million for the second quarter of 2025.
Challenges Ahead
- Suspending full-year loan growth guidance due to heightened uncertainty.
- Capital markets business was affected by macroeconomic uncertainty in Q1 2025.
- Anticipate a more normalized mix of revenue for Q2 2025.
- The effective tax rate is expected to increase to 6% to 8% for Q2 2025 from 1% in Q1 2025.
- Loan growth guidance for Q2 2025 is 4% to 6% annualized, which is lower than previous periods.