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Sep 30, 2024
QCR Holdings Q3 2024 Earnings Report
Announced net income of $27.8 million for the third quarter of 2024.
Key Takeaways
QCR Holdings reported a net income of $27.8 million and diluted EPS of $1.64 for the third quarter of 2024. The company experienced growth in net interest income and margin expansion, along with strong capital markets and wealth management revenue. Core deposits grew, asset quality was maintained, and tangible book value per share significantly increased.
Net interest income increased by 6% and net interest margin expanded by 8 basis points.
Capital markets revenue totaled $16.3 million, with wealth management revenue at $4.5 million, a 17% annualized increase.
Core deposits grew by $166.3 million, or 10.3% annualized, to $6.6 billion.
Nonperforming assets to total assets ratio remained at 0.39%.
Revenue by Segment
Forward Guidance
QCR Holdings anticipates continued growth in net interest income and guides to further fourth quarter adjusted NIM TEY (non-GAAP) expansion in a range of between 2 to 7 basis points.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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