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Jun 30, 2021
QCR Holdings Q2 2021 Earnings Report
Announced record net income driven by strong loan growth, expanded net interest margin, improved asset quality, and careful noninterest expense management.
Key Takeaways
QCR Holdings, Inc. reported a record net income of $22.3 million and diluted earnings per share (EPS) of $1.39 for the second quarter of 2021. The company's performance was driven by strong loan growth, an expanded net interest margin, improved asset quality, and careful noninterest expense management.
Net income reached a record $22.3 million.
Diluted EPS was reported at $1.39.
Annualized loan and lease growth was 14.9% excluding PPP loans.
Net interest income totaled $43.5 million.
QCR Holdings
QCR Holdings
QCR Holdings Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.com Forward Guidance
The company is targeting continued strong organic loan growth for the full year 2021 of between 10% and 12%. The company expects its third quarter swap fee income/capital markets revenue will be at the upper end of its guidance range of $14 to $18 million.
Positive Outlook
- Targeting continued strong organic loan growth for the full year 2021 of between 10% and 12%.
- Expect third quarter swap fee income/capital markets revenue will be at the upper end of guidance range of $14 to $18 million.