secwatch.observer — SEC 8-K summary
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Issuer:     QCR HOLDINGS INC (QCRH)
CIK:        0000906465
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001104659-23-050336
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QCR Holdings Q1 net income $27.2M, diluted EPS $1.60; adjusted EPS $1.65
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- Net income $27.2M ($1.60 diluted EPS) vs $30.9M ($1.81) in Q4 2022; adjusted net income $28.0M ($1.65).
- Capital markets revenue from swap fees surged 50% to $17.0M; total noninterest income up 22% to $25.8M.
- Net interest margin (TEY) fell to 3.52% from 3.93% QoQ; adjusted NIM TEY declined 14 bps to 3.47%.
- Nonperforming assets rose to $23.0M (0.29% of assets) from $8.9M due to one credit moved to nonaccrual.
- Loan growth guided to 0-5% annualized in Q2 net of planned securitization; TCE ratio improved to 8.21%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906465/000110465923050336/0001104659-23-050336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906465/000110465923050336/tm2313590d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-050336

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