Note 22. Business Segment Information

Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company’s internal organization, focusing on the financial information that the Company’s operating decision-makers routinely use to make decisions about operating matters. The chief operating decision maker consists of the Chief Executive Officer and President of the Company. The chief operating decision maker reviews financial reports that detail the interest income, interest expense, provision for credit losses, noninterest income, salaries and benefits expense, occupancy expense, other noninterest expenses, income tax expense and net income from continuing operations and compares the actual results to the amounts budgeted and the reason for variances. The results of this review allow the Company’s chief operating decision maker to make operating decisions and allocate resources. Capital markets revenue is considered a significant source of noninterest income. Salaries and benefits expense and occupancy expense are considered significant noninterest expenses.

The Company’s Commercial Banking business is geographically divided by markets into the operating segments which are the four subsidiary banks wholly-owned by the Company: QCBT, CRBT, CSB and GB. Each of these operating segments offer similar products and services, but are managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services.

The Company's All Other segment includes the corporate operations of the parent and operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds.

Selected financial information on the Company’s business segments is presented as follows as of and for the years ended December 31, 2025, 2024, and 2023:


	Commercial Banking															Intercompany			Consolidated
	QCBT			CRBT			CSB			GB			All other			Eliminations			Total

	(dollars in thousands)
Year Ended December 31, 2025
Interest and dividend income	$	151,070		$	135,004		$	85,596		$	123,509		$	292		$	(6,045)		$	489,426
Interest expense		73,449			52,582			34,511			63,607			17,803			(7,747)			234,205
Net interest income		77,621			82,422			51,085			59,902			(17,511)			1,702			255,221
Provision for credit losses		8,264			3,275			2,755			3,787			—			—			18,081
Noninterest income
Capital markets revenue		811			53,896			723			9,268			—			—			64,698
Other segment revenue items		21,771			15,322			5,846			7,759			160,092			(161,165)			49,625
Total noninterest income		22,582			69,218			6,569			17,027			160,092			(161,165)			114,323
Noninterest expense
Salaries and benefits expense		31,601			37,092			20,640			30,393			7,348			—			127,074
Occupancy expense		6,472			7,241			5,214			6,922			2,170			—			28,019
Other segment expense items		17,144			16,942			10,234			13,504			5,223			(2,579)			60,468
Total noninterest expense		55,217			61,275			36,088			50,819			14,741			(2,579)			215,561
Income tax expense		1,841			10,434			(764)			(1,385)			(1,418)			—			8,708
Net income (loss) from continuing operations	$	34,881		$	76,656		$	19,575		$	23,708		$	129,258		$	(156,884)		$	127,194

Goodwill	$	2,791		$	14,980		$	9,888		$	110,936		$	—		$	—		$	138,595
Intangibles		—			387			—			7,693			—			—			8,080
Total assets		2,705,319			2,855,840			1,717,264			2,411,570			1,466,389			(1,580,912)			9,575,470

Year Ended December 31, 2024
Interest and dividend income	$	148,530		$	126,316		$	80,650		$	126,977		$	294		$	(910)		$	481,857
Interest expense		76,027			54,476			34,762			70,143			17,088			(2,427)			250,069
Net interest income		72,503			71,840			45,888			56,834			(16,794)			1,517			231,788
Provision for credit losses		10,460			5,365			(154)			1,427			—			—			17,098
Noninterest income
Capital markets revenue		270			62,418			—			8,369			—			—			71,057
Other segment revenue items		19,115			10,666			5,603			10,326			145,001			(146,239)			44,472
Total noninterest income		19,385			73,084			5,603			18,695			145,001			(146,239)			115,529
Noninterest expense
Salaries and benefits expense		32,062			36,521			18,403			29,642			11,558			—			128,186
Occupancy expense		5,963			6,221			4,577			6,700			1,952			—			25,413
Other segment expense items		18,954			14,373			8,480			11,651			3,004			(2,419)			54,043
Total noninterest expense		56,979			57,115			31,460			47,993			16,514			(2,419)			207,642
Income tax expense		2,019			10,383			619			(30)			(4,264)			—			8,727
Net income (loss) from continuing operations	$	22,430		$	72,061		$	19,566		$	26,139		$	115,957		$	(142,303)		$	113,850

Goodwill	$	2,791		$	14,980		$	9,888		$	110,936		$	—		$	—		$	138,595
Intangibles		—			628			865			9,568			—			—			11,061
Total assets		2,588,587			2,614,570			1,531,559			2,342,958			1,332,834			(1,384,478)			9,026,030


Year Ended December 31, 2023
Interest and dividend income	$	128,280		$	108,113		$	68,069		$	110,130		$	181		$	(1,363)		$	413,410
Interest expense		60,379			40,700			24,413			53,464			16,066			(2,618)			192,404
Net interest income		67,901			67,413			43,656			56,666			(15,885)			1,255			221,006
Provision for loan/lease losses		12,512			2,139			1,248			640			—			—			16,539
Noninterest income
Capital markets revenue		246			82,593			—			9,226			—			—			92,065
Other segment revenue items		16,849			10,587			5,184			8,682			142,427			(143,110)			40,619
Total noninterest income		17,095			93,180			5,184			17,908			142,427			(143,110)			132,684
Noninterest expense
Salaries and benefits expense		28,470			51,733			16,749			29,727			9,940			—			136,619
Occupancy expense		5,627			6,029			4,489			7,108			1,778			—			25,031
Other segment expense items		14,693			14,457			7,997			11,749			2,284			(2,299)			48,881
Total noninterest expense		48,790			72,219			29,235			48,584			14,002			(2,299)			210,531
Income tax expense		1,927			13,857			330			71			(3,123)			—			13,062
Net income (loss) from continuing operations	$	21,767		$	72,378		$	18,027		$	25,279		$	115,663		$	(139,556)		$	113,558

Goodwill	$	3,223		$	14,980		$	9,888		$	110,936		$	—		$	—		$	139,027
Intangibles		—			883			1,430			11,508			—			—			13,821
Total assets		2,448,957			2,419,146			1,426,202			2,281,296			1,213,954			(1,250,661)			8,538,894

Note 22. Business Segment Information (continued)

Intercompany eliminations included in the selected financial information on the Company’s business segments consist of equity in net income of each subsidiary bank and investment in each subsidiary bank as follows:


	Commercial Banking
	QCBT			CRBT			CSB			GB		Total

	(dollars in thousands)
Year Ended December 31, 2025
Other segment revenue items:
Equity in net income of subsidiary bank	$	34,881		$	76,656		$	19,575		$	23,708	$	154,820
Total assets:
Investment in subsidiary bank		303,794			469,367			195,240			392,102		1,360,503

Year Ended December 31, 2024
Other segment revenue items:
Equity in net income of subsidiary bank	$	22,430		$	72,061		$	19,566		$	26,140	$	140,197
Total assets:
Investment in subsidiary bank		280,945			423,857			173,133			381,636		1,259,571

Year Ended December 31, 2023
Other segment revenue items:
Equity in net income of subsidiary bank	$	21,766		$	72,378		$	18,027		$	25,280	$	137,451
Total assets:
Investment in subsidiary bank		260,160			353,299			153,838			355,506		1,122,803

Historical Timeline

Fiscal Year	Filed
2025	Feb 27, 2026	Showing above
2024	Feb 28, 2025

2023	Feb 29, 2024

2022	Mar 1, 2023

2021	Mar 11, 2022

2020	Mar 12, 2021

2019	Mar 13, 2020

2018	Mar 15, 2019

2015	Mar 11, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

QCR HOLDINGS INC Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures