QCR HOLDINGS INC

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 8, 2026

QCRH$100.85-0.3%Stored close · as of Nov 6, 2026

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Contents

Executive Overview

The Company reported net income of $33.4 million and diluted EPS of $1.99 for the quarter ended March 31, 2026. By comparison, for the quarter ended December 31, 2025, the Company reported net income of $35.7 million and diluted EPS of $2.12. For the quarter ended March 31, 2025, the Company reported net income of $25.8 million, and diluted EPS of $1.52.

Part I

Item 2

The first quarter of 2026 was also highlighted by the following results and events (see section titled “GAAP to Non-GAAP Reconciliations” for additional information):

●	Net income of $33.4 million, or $1.99 per diluted share, representing a 31% year-over-year increased in diluted EPS and a 1.40% ROAA;

●	Net interest income of $67.4 million, representing 12% growth on a year-over-year basis;

●	Strong loan growth of 8% annualized prior to m2 portfolio runoff;

●	Robust core deposit growth of $409.1 million, or 23% annualized;

●	Significant noninterest expense reduction of 17% on a linked-quarter basis;

●	Tangible book value per share (non-GAAP) expansion of $1.33, or 9% annualized on a linked-quarter basis; and

●	247,289 common shares repurchased at an average price of $84.28 per share.

Following is a table that represents various net income measurements for the Company:


· · For the three months ended · ·
· · March 31, 2026 · · December 31, 2025 · · March 31, 2025 · ·
· · (dollars in thousands, except per share data) ·

Net income	$33,383	$35,664	$25,797

Diluted earnings per common share	$1.99	$2.12	$1.52

Weighted average common and common equivalent shares outstanding	16,741,541	16,858,506	17,013,992

The Company reported adjusted net income (non-GAAP) of $33.4 million, with adjusted diluted EPS (non-GAAP) of $1.99 for the three months ended March 31, 2026. See section titled “GAAP to Non-GAAP Reconciliations” for additional information.

Following is a table that represents the major income and expense categories for the Company:


· · For the three months ended · ·
· · March 31, 2026 · · December 31, 2025 · · March 31, 2025 ·
· · (dollars in thousands) ·

Net interest income	$67,438	$68,354	$59,986
Provision for credit losses	2,454	5,499	4,234
Noninterest income	22,952	38,665	16,892
Noninterest expense	52,125	62,852	46,539
Federal and state income tax expense	2,428	3,004	308
Net income	$33,383	$35,664	$25,797

Following are certain noteworthy developments in the Company's financial results for the quarter ended March 31, 2026:

●	Net interest income in the first quarter of 2026 decreased 1% compared to the fourth quarter of 2025 due to lower loan yields and increased 12% compared to the first quarter of 2025 due to higher average earning assets and higher investment yields.

●

The provision for credit losses in the first quarter of 2026 decreased $3.0 million compared to the fourth quarter of 2025. Provision expense decreased $1.8 million compared to the first quarter of 2025. The decreases across all periods were driven primarily by the transfer of loans held for sale. See the “Provision for Credit Losses” section of this report for additional details.

●	Noninterest income in the first quarter of 2026 decreased $15.7 million, or 41%, compared to the fourth quarter of 2025 primarily due to historically lower capital markets revenue from swap fees during the first quarter.

Part I

Item 2

Noninterest income in the first quarter of 2026 increased $6.1 million, or 36%, compared to the first quarter of 2025. The increase was primarily due to higher capital markets revenue from swap fees. Sustained, long-term demand for affordable housing remains strong. The demand for low-income housing remains healthy and the economics associated with these tax credit projects continue to be favorable. The Company has a strong pipeline for this business that continues to improve as clients adapt to evolving market conditions. The Company expects its capital markets revenue will continue to be a solid source of fee income.

●

Noninterest expense in the first quarter of 2026 decreased $10.7 million, or 17%, compared to the fourth quarter of 2025. The decrease was primarily due to lower capital markets revenue and its impact on variable compensation, lower professional and data processing fees, and the impact of the $2.0 million debt extinguishment loss in the prior quarter. Noninterest expense increased $5.6 million, or 12%, compared to the first quarter of 2025. The increase was primarily due to higher capital markets revenue and its impact on variable compensation, and higher occupancy and equipment expense related to the Company’s digital transformation.

ContentsView on SEC.gov

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