---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000057"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:47:20.468620+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings discloses First Republic Bank contributed ~2.5% of 2022 revenue; bank seized by FDIC

## Summary
- First Republic Bank accounted for ~2.5% of Q2's total 2022 revenue, predominantly from professional services.
- No single customer >4% of Q2's total revenue; top 20 customers <25% of revenue for FY2022.
- Q2 is monitoring potential impacts on customers and operations from the First Republic seizure and broader market instability.
- JP Morgan Chase acquired substantially all of First Republic Bank's operations after FDIC control.

## SEC filing metadata
- accession: 0001410384-23-000057
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000057/0001410384-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000057/qtwo-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000057
- JSON: https://secwatch.observer/filing/0001410384-23-000057.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000057.txt

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