QCR Holdings ( (QCRH) ) has released its Q4 earnings. Here is a breakdown of the information QCR Holdings presented to its investors.
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QCR Holdings, Inc., a multi-bank holding company based in Moline, Illinois, serves communities in Iowa, Missouri, Wisconsin, and Illinois through its subsidiary banks, offering full-service commercial and consumer banking, as well as trust and wealth management services. In its latest earnings report, QCR Holdings announced a record net income of $113.9 million for the full year 2024, showcasing significant growth and robust financial performance.
The company’s fourth-quarter net income totaled $30.2 million, with diluted earnings per share of $1.77. This quarter marked a record net interest income of $61.2 million, alongside a noteworthy expansion in net interest margin, attributed to reduced funding costs. The full year also highlighted a significant capital markets revenue of $71.1 million, driven by strong demand in the low-income housing tax credit (LIHTC) sector.
QCR Holdings experienced a 10% increase in tangible book value per share over the year, supported by robust loan and deposit growth. The company’s efficiency ratio improved, reflecting controlled noninterest expenses despite higher incentive compensation. Asset quality remained strong, with nonperforming assets increasing slightly but still maintaining excellent overall health.
Looking ahead, QCR Holdings anticipates continued growth in net interest margin and expects further loan growth in 2025. The management remains focused on executing its relationship-driven banking model, maintaining strong credit quality, and expanding its franchise to deliver exceptional performance for shareholders.
