QCR HOLDINGS INC

Listed Company

QCRHCIK 0000906465NasdaqLarge AcceleratedState Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$127.19M

Total Assets

$9.58B

Equity

$1.11B

Shares Out

16.73M

Op. Cash Flow

$421.54M

Business

QCR HOLDINGS INC is a multi-bank holding company that owns and oversees full-service commercial and consumer banking operations and related financial services. It offers deposit-taking, commercial and consumer lending and leasing, securities investment, trust and asset management, investment advisory, deposit service products, capital markets revenue and mortgage origination and sale, with an equipment finance subsidiary engaged in direct financing leases. The company operates through four primary banking subsidiaries and several statutory trust entities as reportable segments. Its operations serve markets in the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield/Joplin areas through a network of branch offices, correspondent relationships and secondary market channels.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Taxable	304	317	285	216	152
Nontaxable	115	104	84	42	22
Taxable	19	17	15	12	9
Nontaxable	42	33	22	19	16
Interest-bearing deposits at financial institutions	7	6	4	1	173,000
Restricted investment securities	2	3	2	2	950,000
Federal funds sold	532,000	692,000	998,000	410,000	2,000
Total interest and dividend income	489	482	413	293	200
Deposits	205	213	159	42	13
Short-term borrowings	83,000	99,000	179,000	299,000	5,000
Federal Home Loan Bank advances	9	20	17	7	70,000
Other borrowings	2	—	—	53,000	—
Subordinated notes	15	14	13	9	6
Junior subordinated debentures	3	3	3	3	2
Total interest expense	234	250	192	61	—
Net interest income	255	232	221	231	178
Provision for credit losses	18	17	17	8	3
Net interest income after provision for credit losses	237	215	204	223	175
Gains on sales of residential real estate loans, net	2	2	2	2	4
Capital markets revenue	65	71	92	41	61
Securities losses, net	—	—	−451,000	—	−88,000
Earnings on bank-owned life insurance	3	5	4	2	2
Loan related fee income	4	4	3	2	2
Fair value gain (loss) on derivatives and trading securities	347,000	−3	−1	2	—
Other	2	1	2	1	4
Total noninterest income	114	116	133	81	100
Salaries and employee benefits	127	128	137	115	101
Occupancy and equipment expense	28	25	25	22	16
Professional and data processing fees	25	19	16	16	15
Post-acquisition compensation, transition and integration costs	—	—	207,000	6	—
Restructuring expense	—	2	—	—	—
FDIC insurance, other insurance and regulatory fees	8	7	7	6	4
Loan/lease expense	2	2	3	2	2
Net cost of (income from) and losses/(gains) on operations of other real estate	80,000	−21,000	−26,000	−40,000	−1
Advertising and marketing	8	7	6	5	4
Communication and data connectivity	788,000	1	2	2	2
Supplies	956,000	1	1	1	1
Bank service charges	3	2	3	2	2
Loss on liability extinguishment, net	2	—	—	—	—
Correspondent banking expense	1	1	963,000	840,000	799,000
Intangibles amortization	3	3	3	3	2
Goodwill impairment	—	432,000	—	—	—
Payment card processing	2	3	3	2	1
Trust expense	2	2	1	775,000	758,000
Other	3	3	3	3	3
Total noninterest expense	216	208	211	190	154
Net income before income taxes	136	123	127	114	121
Federal and state income tax expense	9	9	13	14	23
Net income	127	114	114	99	99
Basic earnings per common share (in dollars per share)	7.54	6.77	6.79	5.94	6.3
Diluted earnings per common share (in dollars per share)	7.49	6.71	6.73	5.87	6.2
Weighted average common shares outstanding	17	17	17	17	16
Weighted average common and common equivalent shares outstanding	17	17	17	17	16
Cash dividends declared per common share	0.24	0.24	0.24	0.24	0.24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	76	92	97	60	37
Federal funds sold	23	27	35	57	12
Interest-bearing deposits at financial institutions	127	143	105	67	75
Securities held to maturity, at amortized cost (including securities pledged on other borrowings of $176,632 and $0, respectively, net of allowance for credit losses)	949	836	684	587	—
Securities available for sale, at fair value	280	281	300	341	—
Securities trading, at fair value	84	84	22	—	—
Total securities	1,312	1,200	1,006	—	—
Loans receivable held for sale	1	2	3	2	4
Loans/leases receivable held for investment	7,166	6,782	6,541	6,137	4,676
Gross loans/leases receivable	7,167	6,784	6,543	6,139	—
Less allowance for credit losses	−90	−90	−87	−88	−79
Net loans/leases receivable	7,077	6,695	6,456	—	—
Bank-owned life insurance	113	110	108	107	62
Premises and equipment, net	215	159	123	118	79
Restricted investment securities	33	35	42	43	19
Other real estate owned, net	540,000	661,000	1	133,000	—
Goodwill	139	139	139	138	74
Intangibles	8	11	14	17	9
Derivatives	192	187	187	178	222
Other assets	259	227	225	186	93
Total assets	9,575	9,026	8,539	7,949	6,096
Noninterest-bearing	951	921	1,039	1,263	1,269
Interest-bearing	6,463	6,140	5,475	4,721	3,654
Total deposits	7,414	7,061	6,514	5,984	4,923
Short-term borrowings	3	2	2	130	4
Federal Home Loan Bank advances	245	285	435	415	15
Other borrowings	107	—	—	—	—
Subordinated notes	234	233	233	233	114
Junior subordinated debentures	49	49	49	49	38
Derivatives	214	215	216	201	225
Other liabilities	196	183	204	165	100
Total liabilities	8,463	8,029	7,652	7,176	5,419
Preferred stock, $1 par value; shares authorized 250,000 December 2025 and December 2024 - no shares issued or outstanding	—	—	—	—	—
Common stock, $1 par value; shares authorized 20,000,000 December 2025 - 16,690,603 shares issued and outstanding December 2024 - 16,882,045 shares issued and outstanding	17	17	17	17	16
Additional paid-in capital	373	375	371	371	274
Retained earnings	773	665	555	450	386
Securities available for sale	−36	−38	−36	−45	6
Derivatives	−15	−22	−20	−20	−4
Total stockholders' equity	1,112	997	887	773	677
Total liabilities and stockholders' equity	9,575	9,026	8,539	7,949	6,096

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	127	114	114	99	99
Depreciation	9	8	9	8	5
Deferred income taxes	−2	−7	−946,000	−5	15
Stock-based compensation expense	3	3	3	2	2
Deferred compensation expense accrued	6	6	6	4	5
Losses (gains) on other real estate owned, net	3,000	−224,000	−85,000	−129,000	−2
Amortization (accretion) of securities premiums/discounts, net	−5	200,000	916,000	1	2
Caplet amortization	—	511,000	872,000	1	697,000
Fair value (gain) loss on derivatives and trading securities	−347,000	3	1	−2	—
Ineffectiveness on fair value hedges	16,000	16,000	77,000	—	—
Securities losses, net	—	—	451,000	—	88,000
Loans originated for sale	−87	−86	−70	−99	−204
Proceeds on sales of loans	375	89	70	107	209
Proceeds from loan securitizations	—	327	240	—	—
Net gain on loan securitizations	0	−955,000	−664,000	0	—
Losses on sales and disposals of premises and equipment	6,000	143,000	388,000	378,000	1
Accretion of acquisition fair value adjustments, net	−514,000	−2	−2	−9	−1
Increase in cash value of bank-owned life insurance	−3	−3	−3	−2	−2
Gain on bank-owned life insurance death benefits	—	−2	−1	—	—
Increase (decrease) in other assets	−7	4	−40	−43	−47
Decrease (increase) in other liabilities	−15	−27	31	46	5
Net cash provided by operating activities	422	445	376	119	88
Net decrease in federal funds sold	4	8	21	−45	−3
Net (increase) decrease in interest-bearing deposits at financial institutions	17	−39	−38	25	11
Proceeds from sales of other real estate owned	768,000	2	296,000	482,000	5
Purchases	−235	−214	−188	−231	−173
Calls, maturities and redemptions	69	61	97	44	106
Paydowns	39	17	14	32	65
Sales	—	445,000	31	111	24
Purchases	−3	−811,000	−3	−23	−1
Redemptions	4	7	4	2	30,000
Proceeds from bank-owned life insurance death benefits	—	4	3	—	—
Net increase in loans/leases originated and held for investment	−686	−643	−677	−655	−434
Purchase of premises and equipment	−67	−44	−15	−33	−14
Proceeds from sales of premises and equipment	2	2,000	503,000	2	2
Purchase of swaptions	—	−5	—	—	—
Net cash used in investing activities	−855	−845	−749	−635	−412
Net increase in deposit accounts	353	547	530	−15	324
Net increase (decrease) in short-term borrowings	850,000	300,000	−128	126	−2
Term advances	—	10	135	—	—
Net change in short-term and overnight advances	95	−160	−115	400	—
Prepayments	−137	—	—	−16	—
Proceeds from other borrowings, net of issuance costs	131	—	—	10	—
Prepayments of subordinated notes	−70	—	—	—	−5
Proceeds from subordinated notes	70	—	—	100	—
Payment of cash dividends on common stock	−4	−4	−4	−4	−4
Proceeds from issuance of common stock, net	1	1	1	422,000	670,000
Repurchase and cancellation of common stock	−22	—	−9	−53	−14
Net cash provided by financing activities	418	395	410	538	300
Net increase (decrease) in cash and due from banks	−15	−5	37	22	−24
Interest	237	248	188	59	23
Income/franchise taxes	5	5	3	—	—
Change in fair value of fair value hedges	−2	3	−3	—	—
Transfers of loans to other real estate owned	650,000	777,000	1	431,000	3
Transfer of loans to held for sale for securitizations in preparation	—	387	262	—	—
Transfer of loans to held for sale for LIHTC construction loan sale	285	—	—	—	—
Beneficial interests (trading securities) acquired in securitizations	—	60	22	—	—
Due to trustee for other borrowing payments	24	—	—	—	—
Due from trustee for securities call/paydowns	−24	—	—	—	—
Increase in the fair value of back-to-back interest rate swap assets and liabilities	8	2	15	−54	−1
Dividends payable	1	1	1	1	935,000
Measurement period adjustment to goodwill	—	—	1	—	—

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