NASDAQ$QCRH

QCR Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced net income of $27.8 million for the third quarter of 2024.

QCR Holdings reported a net income of $27.8 million and diluted EPS of $1.64 for the third quarter of 2024. The company experienced growth in net interest income and margin expansion, along with strong capital markets and wealth management revenue. Core deposits grew, asset quality was maintained, and tangible book value per share significantly increased.

  • Net interest income increased by 6% and net interest margin expanded by 8 basis points.
  • Capital markets revenue totaled $16.3 million, with wealth management revenue at $4.5 million, a 17% annualized increase.
  • Core deposits grew by $166.3 million, or 10.3% annualized, to $6.6 billion.
  • Nonperforming assets to total assets ratio remained at 0.39%.

Headline financials

Total Revenue

$86.9M

Previous: $81.8M+6.1%
EPS (adj)

$1.78

Previous: $1.51+17.9%
Capital Expenditures

-$30.5M

Previous: -$8.02M-280.7%
Free Cash Flow

-$2.76M

Previous: $17.1M-116.1%
Net Income

$27.8M

Previous: $25.1M+10.6%
Operating Income

$12.6M

Previous: $21.9M-42.7%
Gross Profit

$83.4M

Previous: $78M+6.9%
Cash & Equivalents

$250M

Previous: $165M+51.7%
Total Assets

$9.09B

Previous: $8.54B+6.4%
Stock-Based Comp

$235K

Previous: $527K-55.4%

Revenue & EPS history

QCR Holdings · Revenue · Quarterly

$86.9M

Q3 2024+6.1%vs Q3 2023
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

QCR Holdings anticipates continued growth in net interest income and guides to further fourth quarter adjusted NIM TEY (non-GAAP) expansion in a range of between 2 to 7 basis points.

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 Q3 2024

Historical avgQ3 2024

+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%

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