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Dec 31, 2021
QCR Holdings Q4 2021 Earnings Report
Reported net income of $27.0 million and diluted earnings per share of $1.71.
Key Takeaways
QCR Holdings, Inc. announced net income of $27.0 million and diluted earnings per share of $1.71 for the fourth quarter of 2021. The company experienced robust loan growth and expanded its net interest margin.
Net income for the fourth quarter of 2021 was $27.0 million, with diluted EPS of $1.71.
Annualized loan and lease growth, excluding PPP Loans, was 12.0% for the quarter.
Net interest income reached a record $46.5 million for the fourth quarter of 2021.
Nonperforming assets totaled $2.8 million at the end of the fourth quarter, a decrease of $4.1 million from the third quarter of 2021.
QCR Holdings
QCR Holdings
Forward Guidance
The company is targeting organic loan growth for the full year 2022 of between 8% and 10%.