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An announcement from QCR Holdings ( (QCRH) ) is now available.
QCR Holdings, Inc. has announced it will no longer offer new loans and leases through its subsidiary m2 Equipment Finance, LLC, aiming to improve profitability and reallocate capital to higher return assets. Despite ceasing new offerings, m2 will still manage its existing $360 million portfolio. This strategic move is expected to result in one-time restructuring costs but should ultimately enhance the company’s financial performance.
See more data about QCRH stock on TipRanks’ Stock Analysis page.
