QCR HOLDINGS INC
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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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Strategic Developments
The Company has taken the following actions during the first quarter of 2026 to support its corporate strategy and further the strategic financial metrics shown above:
| ● | In the first quarter of 2026, the Company grew loans and leases by 8.0% annualized, excluding the runoff of the m2 portfolio. Loan growth was driven by both traditional and LIHTC lending. |
Part I
Item 2
| ● | The Company acted as the correspondent bank through QCBT for 190 downstream banks with total noninterest bearing deposits of $112.9 million and total interest-bearing deposits of $1.3 billion as of March 31, 2026, as correspondent banking continued to be a core line of business for the Company. By comparison, the Company acted as the correspondent bank for 189 downstream banks with total noninterest bearing deposits of $116.7 million and total interest-bearing deposits of $965.2 million as of March 31, 2025. The Company is competitively positioned with experienced staff, software systems and processes to continue growing in the four states currently served – Iowa, Wisconsin, Missouri and Illinois. This line of business provides a strong source of deposits, fee income, high-quality loan participations and bank stock loans. The Company also managed off-balance sheet liquidity held at the Federal Reserve on behalf of the downstream banks of $523.8 million as of March 31, 2026, as compared to $537.9 million as of March 31, 2025. |
| ● | The Company continued to focus on executing interest rate swaps on select commercial loans, including LIHTC permanent loans. These interest rate swaps allow commercial borrowers to pay a fixed interest rate while the Company receives a variable interest rate as well as an upfront nonrefundable fee dependent on the pricing. Management believes that these swaps help position the Company more favorably for various interest rate environments. The Company will continue to review opportunities to execute these swaps at each of its subsidiary banks as appropriate for applicable borrowers and the Company. Levels of capital markets revenue from swap fee income are influenced by prevailing interest rates. Capital markets revenue, primarily from swap fee income, totaled $10.7 million for the first quarter of 2026 as compared to $6.5 million for the same period of the prior year. Demand for affordable housing remains strong, as discussed in the “Executive Overview” section of this report, above. |
| ● | Over many years, the Company has been successful in expanding its wealth management client base. Trust and investment advisory and management fees continue to be a significant contributor to noninterest income. Assets under management decreased by $52.5 million for the quarter ended March 31, 2026 compared to the quarter ended December 31, 2025. Income is generated primarily from fees charged based on assets under administration for corporate and personal trusts and for custodial services. The majority of trust fees are determined based on the value of the investments managed. The Company expects trust and investment advisory and management fees to be negatively impacted during periods of lower market valuations and positively impacted during periods of higher market valuations. The Company has expanded its wealth management business into the southwest Missouri and central Iowa markets. |
| ● | Noninterest expense for the first three months of 2026 totaled $52.1 million as compared to $46.5 million in the first three months of 2025. The increase was primarily due to an increase in salaries and benefits expenses related to higher variable incentive compensation and increased occupancy and equipment expense related to the Company’s digital transformation. |
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