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QCR Holdings (QCRH)
NASDAQ:QCRH
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.73Last Year’s EPS
1.97Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 3.46%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant growth in net interest income, loan and deposit growth, and wealth management. However, challenges such as restructuring charges and increased net charge-offs were noted. Despite these issues, the positive aspects of the call, particularly related to strategic growth and asset quality, outweighed the negatives.Company Guidance
During the Q3 2024 earnings call, QCR Holdings, Inc. provided a robust set of metrics reflecting their strong financial performance. The company reported a net income of $28 million, or $1.64 per diluted share, with adjusted net income reaching $30 million, or $1.78 per diluted share. Their adjusted return on average assets (ROAA) was 1.35% and adjusted return on average equity (ROAE) was 12.60%. Net interest income grew significantly by $3.6 million, a 6% increase from the previous quarter, driven by a 6% annualized year-to-date loan growth, which reaches 10.5% when including securitized loans. Total core deposit growth was an impressive 8.5% annualized year-to-date. The company's adjusted net interest margin (NIM) expanded by 8 basis points from the prior quarter. Noninterest income totaled $27 million, with capital markets revenue contributing $16 million. Wealth management also saw significant growth, with assets under management increasing by nearly $1 billion year-to-date, boosting revenue by 17% annually for the quarter. Despite a $2.4 million restructuring expense at their m2 Equipment Finance subsidiary, core noninterest expenses only increased by 2% year-to-date. The company also maintained excellent asset quality, with nonperforming assets static compared to the prior quarter and a provision for credit losses reduced by $2 million. Looking forward, QCR Holdings anticipates further margin expansion of 2 to 7 basis points in the fourth quarter, assuming stable funding and no additional Fed actions, and continues to focus on deposit growth and capital management as they approach the $10 billion asset threshold.Strong Financial Performance
Net income of $28 million or $1.64 per diluted share; adjusted net income was $30 million or $1.78 per diluted share. Adjusted ROAA of 1.35% and an adjusted ROAE of 12.60%.
Net Interest Income and Margin Expansion
Net interest income increased by $3.6 million or 6%. Adjusted NIM expanded by 8 basis points.
Loan and Deposit Growth
Annualized year-to-date total loan growth is 6% or 10.5% including securitized loans. Core deposit growth was 8.5% year-to-date.
Wealth Management Growth
Assets under management grew by nearly $1 billion or 18% year-to-date, driving a 17% increase in quarterly wealth management revenues.
Capital Markets Revenue
Capital markets revenue was $16 million for the quarter, contributing to total noninterest income of $27 million.
Asset Quality and Credit Trends
Nonperforming assets remained static and below historical averages. Total criticized loans declined for the fourth consecutive quarter.
Securitization Strategy
Securitization of LIHTC loans improves liquidity and net interest margin, with a successful execution anticipated in the fourth quarter.
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QCRH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QCRH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $78.00 | $78.11 | +0.14% |
| Jul 24, 2024 | $70.14 | $74.95 | +6.86% |
| Apr 23, 2024 | $58.21 | $58.42 | +0.36% |
| Jan 23, 2024 | $56.42 | $60.21 | +6.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does QCR Holdings (QCRH) report earnings?
QCR Holdings (QCRH) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is QCR Holdings (QCRH) earnings time?
QCR Holdings (QCRH) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QCRH EPS forecast?
QCRH EPS forecast for the fiscal quarter 2024 (Q4) is 1.73.
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