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Dec 31, 2023
QCR Holdings Q4 2023 Earnings Report
Reported record net income and diluted earnings per share for the fourth quarter of 2023.
Key Takeaways
QCR Holdings, Inc. announced record quarterly net income of $32.9 million and diluted earnings per share of $1.95 for the fourth quarter of 2023. The company's net interest income grew to $55.7 million and noninterest income reached $47.7 million, driven by record capital markets revenue. Loan growth remained strong, and asset quality remained excellent.
Record fourth quarter net income of $32.9 million and EPS of $1.95.
Net interest income grew to $55.7 million.
Noninterest income reached $47.7 million, including record capital markets revenue of $37.0 million.
Loans and leases held for investment grew by $213.4 million.
QCR Holdings
QCR Holdings
Forward Guidance
QCR Holdings is targeting loan growth for the full year 2024 between 8% and 10%, prior to the loan securitizations that we have planned for 2024. Capital markets revenue guidance for the next twelve months to be in a range of $50 to $60 million.