earnings
confidence high
sentiment neutral
materiality 0.70
QCR Holdings Q3 net income $25.1M, EPS $1.49; loan growth 14.2% annualized
QCR HOLDINGS INC
2023-Q3 EPS reported
$4.79
revenue$386,117,000
- Net income $25.1M ($1.49 diluted EPS) vs $28.4M ($1.69) in Q2; adjusted EPS $1.51.
- Net interest income $55.3M (+3.9% linked quarter); NIM (TEY) 3.31% up 2 bps; adjusted NIM static at 3.28%.
- Capital markets revenue $15.6M (down from $22.5M in Q2); wealth management $3.8M.
- Loans grew $227M (14.2% annualized); core deposits stable; NPAs $34.7M (0.41% of assets).
- Q4 loan growth guidance 9-12% annualized; two LIHTC securitizations (~$265M) expected close by end of Nov.