QCR Holdings ( (QCRH) ) has released its Q1 earnings. Here is a breakdown of the information QCR Holdings presented to its investors.
QCR Holdings, Inc., headquartered in Moline, Illinois, is a multi-bank holding company that provides commercial and consumer banking, as well as wealth management services, through its subsidiary banks across Iowa, Missouri, and Illinois.
In the first quarter of 2025, QCR Holdings reported a net income of $25.8 million, with a diluted earnings per share of $1.52. The company experienced robust core deposit growth and a significant increase in wealth management revenue, despite a decrease in net income compared to the previous quarter.
Key financial highlights for the quarter include a 20% annualized growth in core deposits, a 14% annualized increase in wealth management revenue, and an improvement in the tangible common equity to tangible assets ratio to 9.70%. The company also saw a reduction in noninterest expenses by 13% due to lower variable compensation costs.
Despite challenges in the capital markets business due to macroeconomic factors, QCR Holdings anticipates a normalization in this sector and expects continued growth in its wealth management business. The company also reported excellent asset quality with a low nonperforming assets ratio.
Looking ahead, QCR Holdings remains optimistic about its financial performance, with expectations of continued margin expansion and strategic investments driving growth in its core markets.