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Jun 30, 2022
QCR Holdings Q2 2022 Earnings Report
Announced second quarter results with net income of $15.2 million and EPS of $0.87, including acquisition-related expenses and CECL Day 2 provision.
Key Takeaways
QCR Holdings reported a strong second quarter with net income of $15.2 million and EPS of $0.87. Excluding acquisition-related expenses and CECL Day 2 provision, adjusted net income was $30.4 million and adjusted EPS was $1.73. The company successfully completed the acquisition of Guaranty Federal Bancshares and saw significant loan growth and NIM expansion.
Net income was $15.2 million, and EPS was $0.87.
Adjusted net income (non-GAAP) was $30.4 million, and adjusted diluted EPS (non-GAAP) was $1.73.
Net interest income totaled $59.4 million, with NIM expanding by 23 basis points from the prior quarter.
Annualized loan and lease growth was 14.0%, excluding the Guaranty Bank acquisition and PPP Loans (non-GAAP).
QCR Holdings
QCR Holdings
QCR Holdings Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comCapital Markets Revenue
CapyFin.com Forward Guidance
The company anticipates maintaining capital markets revenue within a range of $13 to $15 million per quarter for the remainder of 2022 and reaffirms targeted organic loan growth to between 10% and 12% for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income