NASDAQ$QCRH

QCR Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported record net income driven by robust revenue growth and increased net interest income.

QCR Holdings, Inc. announced record net income of $15.9 million for the fourth quarter of 2019, with diluted earnings per share of $0.99. The company's performance was driven by robust revenue growth, increased net interest income, and successful completion of the sale of RB&T.

  • Net income reached $15.9 million, with diluted EPS of $0.99 for Q4 2019.
  • Adjusted net income (non-GAAP) was $15.4 million, and adjusted diluted EPS was $0.96 for Q4 2019.
  • Total loans and leases increased by $79.9 million to $3.7 billion.
  • Core deposits increased by $192.0 million, or 5.4% on a linked quarter basis.

Headline financials

Total Revenue

$39.9M

Previous: $39.6M+0.8%
EPS (adj)

$0.96

Previous: $0.91+5.5%
Net Interest Margin

3.4%

No prior period
Nonperforming Assets to Total Assets

0.3%

No prior period
Allowance to Total Loans/Leases

1.0%

No prior period
Total Risk-Based Capital Ratio

13.5%

No prior period
Common Equity Tier 1 Ratio

10.3%

No prior period
Tangible Common Equity to Tangible Assets

9.3%

No prior period
Capital Expenditures

$3.67M

Previous: $4.34M-15.4%
Free Cash Flow

$26.7M

Previous: $23.1M+15.8%
Net Income

$15.9M

Previous: $13.3M+19.4%
Operating Income

$19.4M

No prior period
Gross Profit

$56.4M

Previous: $53.6M+5.2%
Cash & Equivalents

$183M

Previous: $85.5M+114.3%
Total Assets

$4.9B

Previous: $4.95B-1.0%
Stock-Based Comp

$600K

Previous: $337K+78.0%

Revenue & EPS history

QCR Holdings · Revenue · Quarterly

$39.9M

Q4 2019+0.8%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
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 expects to continue delivering exceptional financial results due to a healthy loan pipeline and high-quality deposit base, leading to improved returns and enhanced shareholder value in 2020 and beyond.

Tailwinds

  • Healthy loan pipeline
  • High quality deposit base
  • Improved returns
  • Enhanced shareholder value
  • Ability to continue delivering exceptional financial results

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 Q4 2019

Historical avgQ4 2019

+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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