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Jun 30, 2024
QCR Holdings Q2 2024 Earnings Report
Reported net income and EPS increased driven by expanded net interest margin and strong capital markets revenue.
Key Takeaways
QCR Holdings announced a strong second quarter with net income of $29.1 million and diluted EPS of $1.72. The company experienced growth in net interest income and maintained excellent asset quality and strong capital levels.
Net interest income increased by 3% due to expanded margin and strong loan growth.
Capital markets revenue was strong at $17.8 million, benefiting from low-income housing tax credit lending and swap fees.
Noninterest expenses were well-controlled at $49.9 million, leading to a 500 basis point improvement in the efficiency ratio.
Total loans and leases grew by $206.1 million to $6.9 billion.
Revenue by Segment
Forward Guidance
QCR Holdings anticipates further growth in net interest income, guiding to a third quarter adjusted NIM TEY (non-GAAP) in a range of static to up 5 basis points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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