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Dec 31, 2019
QCR Holdings Q4 2019 Earnings Report
Reported record net income driven by robust revenue growth and increased net interest income.
Key Takeaways
QCR Holdings, Inc. announced record net income of $15.9 million for the fourth quarter of 2019, with diluted earnings per share of $0.99. The company's performance was driven by robust revenue growth, increased net interest income, and successful completion of the sale of RB&T.
Net income reached $15.9 million, with diluted EPS of $0.99 for Q4 2019.
Adjusted net income (non-GAAP) was $15.4 million, and adjusted diluted EPS was $0.96 for Q4 2019.
Total loans and leases increased by $79.9 million to $3.7 billion.
Core deposits increased by $192.0 million, or 5.4% on a linked quarter basis.
QCR Holdings
QCR Holdings
Forward Guidance
The company expects to continue delivering exceptional financial results due to a healthy loan pipeline and high-quality deposit base, leading to improved returns and enhanced shareholder value in 2020 and beyond.
Positive Outlook
- Healthy loan pipeline
- High quality deposit base
- Improved returns
- Enhanced shareholder value
- Ability to continue delivering exceptional financial results