earnings
confidence high
sentiment neutral
materiality 0.70
QCR Holdings Q3 net income $29.3M, adjusted EPS $1.69; loan growth 14.5% annualized
QCR HOLDINGS INC
2022-Q3 EPS reported
$4.20
revenue$258,044,000
- Net income $29.3M ($1.71 diluted EPS); adjusted net income $28.9M ($1.69 adjusted EPS).
- Loans/leases grew 14.5% annualized to $6.0B; deposits grew 8.3% annualized.
- NIM (TEY) 3.71% vs 3.74% prior quarter; no provision for credit losses; NPAs 0.23% of assets.
- Raised $100M subordinated notes (tier 2 capital); total risk-based capital ratio 14.55%.
- Repurchased 190K shares at avg $55.18; ~1.03M shares remain under buyback program.