---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-097366"
form_type: "8-K"
ticker: "QCRH"
cik: "0000906465"
company_name: "QCR HOLDINGS INC"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:21:55.102520+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# QCR Holdings discontinues new loans/leases via m2 Equipment Finance; $2.1M restructuring charge

## Summary
- m2's $360M portfolio will be serviced by reduced staff; majority expected to amortize over 3 years.
- One-time restructuring expense of ~$2.1M and goodwill write-down of ~$0.4M in Q3 2024.
- CEO expects move to improve profitability, liquidity, and reduce credit losses; charge to be earned back in 2 quarters.
- Company to focus on business units with greater deposit-gathering potential and higher risk-adjusted returns.

## SEC filing metadata
- accession: 0001104659-24-097366
- form_type: 8-K
- ticker: QCRH
- cik: 0000906465
- company_name: QCR HOLDINGS INC
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906465/000110465924097366/0001104659-24-097366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906465/000110465924097366/tm2423194d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-097366
- JSON: https://secwatch.observer/filing/0001104659-24-097366.json
- Plain text: https://secwatch.observer/filing/0001104659-24-097366.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.