NASDAQ$QCRH

QCR Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported strong results with increased fee income and managed expenses.

QCR Holdings, Inc. announced a net income of $27.2 million and diluted earnings per share of $1.60 for the first quarter of 2023. The company experienced core deposit growth, bolstered on-balance sheet liquidity, and maintained strong capital levels.

  • Net income was $27.2 million and diluted EPS was $1.60.
  • Core deposits grew by $19.9 million, reaching a total of $5.9 billion.
  • Noninterest income jumped 22% to $25.8 million, driven by capital markets revenue.
  • Loans and leases grew by $51.2 million, totaling $6.2 billion.

Headline financials

Total Revenue

$82.7M

Previous: $61.4M+34.7%
EPS (adj)

$1.65

Previous: $1.54+7.1%
Net Interest Margin

3.2%

Previous: 3.3%-3.6%
Total Risk-Based Capital Ratio

14.5%

Previous: 14.6%-0.9%
Common Equity Tier 1 Ratio

9.5%

Previous: 11.4%-16.7%
Capital Expenditures

-$1.7M

Previous: -$3.43M+50.4%
Free Cash Flow

$25.5M

Previous: $20.2M+26.1%
Net Income

$27.2M

Previous: $23.6M+15.0%
Operating Income

$36.6M

Previous: $51.5M-28.9%
Gross Profit

$78.7M

Previous: $58.5M+34.7%
Cash & Equivalents

$302M

Previous: $107M+181.4%
Total Assets

$8.04B

Previous: $6.18B+30.1%
Stock-Based Comp

$953K

Previous: $751K+26.9%

Revenue & EPS history

QCR Holdings · Revenue · Quarterly

$82.7M

Q1 2023+34.7%vs Q1 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

QCR Holdings · $19.4M total across 2 segments · Q3 2023

  • Capital Markets
    $15.6M
  • Wealth Management
    $3.8M

Forward guidance

The company is guiding to loan growth in the second quarter in the range of zero to 5%, on an annualized basis net of the planned loan securitization.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.0%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.4%

Avg return

30 days after

62%

41 / 66 earnings

Positive

+15.2%

Q1 2020

Best reaction

-9.3%

Q1 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+3.9%+2.0%
Q4 2025+1.6%+4.8%-1.8%
Q3 2025+3.3%+5.6%+10.0%
Q2 2025-1.7%-1.1%+0.9%
Q1 2025-2.5%-4.8%-0.5%
Q4 2024-2.0%-2.7%-5.4%
Q3 2024-1.0%+3.2%+17.4%
Q2 2024+4.3%+4.8%+6.2%
Q1 2024+1.4%-2.7%+0.1%
Q4 2023+4.7%+6.7%-2.3%
Q3 2023+2.5%+1.4%+8.8%
Q2 2023+6.2%+5.4%+8.7%
Q1 2023+4.5%+3.7%+2.0%
Q4 2022+0.7%+0.6%+7.6%
Q3 2022-7.7%-10.3%-7.9%
Q2 2022+1.1%+2.9%+2.2%
Q1 2022-5.7%-4.0%-4.0%
Q4 2021-1.8%-5.1%-7.3%
Q3 2021+0.1%+7.7%+4.0%
Q2 2021+2.4%+5.1%+8.7%
Q1 2021-1.3%-0.0%-1.4%
Q4 2020-1.2%+0.3%+3.8%
Q3 2020+3.7%+2.3%+22.6%
Q2 2020+4.1%+2.9%+4.2%
Q1 2020+15.2%+4.5%+8.3%
Q4 2019+3.4%+2.1%+1.2%
Q3 2019+1.6%+5.1%+4.9%
Q2 2019+9.4%+13.8%+6.3%
Q1 2019-3.4%+1.6%-3.7%
Q4 2018+3.9%+1.0%+7.5%
Q3 2018+2.2%+8.1%+6.7%
Q2 2018-6.7%-7.6%-8.5%
Q1 2018+5.3%+6.9%+7.6%
Q4 2017+5.9%+0.8%+3.2%
Q3 2017-2.3%-10.1%-5.0%
Q2 2017-1.9%-2.2%-9.1%
Q1 2017+3.9%+10.0%+1.8%
Q4 2016+2.1%+3.9%+4.1%
Q3 2016+0.9%+2.2%+21.3%
Q2 2016+2.8%+3.6%+8.9%
Q1 2016+0.5%
Q4 2015-1.1%
Q3 2015+5.6%
Q2 2015-0.0%
Q1 2015+2.2%
Q4 2014+1.5%
Q3 2014-1.2%
Q2 2014+0.1%
Q1 2014+1.2%
Q4 2013-0.8%
Q3 2013+0.8%
Q2 2013+0.9%
Q1 2013+3.8%
Q4 2012+4.4%
Q3 2012-0.6%
Q2 2012+4.8%
Q1 2011+3.4%
Q1 2012-2.5%
Q4 2009+0.6%
Q4 2011+0.6%
Q4 2010+0.6%
Q3 2011+0.0%
Q3 2010+0.0%
Q2 2010-4.6%
Q2 2011-4.6%
Q1 2010-9.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro