QCRH reports record Q4 net income $32.9M; capital markets revenue surges to $37M

QCR HOLDINGS INC

2023-FY EPS reported $6.73 revenue$546,094,000

Q4 net income $32.9M ($1.95 diluted EPS), up from $25.1M in Q3; record full-year net income $113.6M ($6.73 diluted EPS).
Record capital markets revenue of $37.0M in Q4; full-year total $92.1M, up 123% YoY.
NIM expanded 1bp to 2.90% (3.32% TEY); adjusted NIM TEY 3.29%, above guidance midpoint.
Loans grew 13% annualized in Q4; 2024 loan growth target 8-10% prior to planned securitizations.
Tangible book value per share rose $3.48 (35% annualized); TCE/TA improved to 8.75%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QCR HOLDINGS INC reported the quarter and year ended December 31, 2023 results: net income $32.9 million for the Fourth Quarter and $113.6 million for the Full Year 2023, EPS $1.95 per diluted share for the fourth quarter and $6.73 per diluted share for the full year. Guidance raised.

Period: the quarter and year ended December 31, 2023
Net income: $32.9 million for the Fourth Quarter and $113.6 million for the Full Year 2023
EPS: $1.95 per diluted share for the fourth quarter and $6.73 per diluted share for the full year
Guidance: raised
Result: reported results

Exact text from the filing

On January 23, 2024, QCR Holdings, Inc. (the “Company”) issued a press release disclosing financial results for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-005875

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