QCR HOLDINGS INC

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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 $36.4 million and diluted EPS of $2.21 for the quarter ended September 30, 2026. By comparison, for the quarter ended June 30, 2026, the Company reported net income of $36.3 million and diluted EPS of $2.19. For the quarter ended September 30, 2025, the Company reported net income of $36.7 million, and diluted EPS of $2.16. For the nine months ended September 30, 2026, the Company reported net income of $106.1 million and diluted EPS of $6.39. By comparison, for the nine months ended September 30, 2025, the Company reported net income of $91.5 million and diluted EPS of $5.38.

Part I

Item 2

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

●	Record diluted EPS of $2.21, and net income of $36.4 million and ROAA of 1.52%;

●	Expanded NIM on a TEY basis 3 basis points to 3.58% compared to the prior quarter;

●	Strong capital markets revenue of $16.9 million, up 10% on a linked-quarter basis;

●	Solid wealth management revenue of $5.7 million, up 12% year-over-year;

●	Robust loan growth of 11% annualized on a linked-quarter basis, excluding planned m2 portfolio runoff;

●	Excellent asset quality with NPAs improving to 0.39% of total assets, the lowest level in two years; and

●	Opportunistic share repurchases of $9.5 million, or 94,861 shares, of common stock during the quarter.

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


· · For the three months ended · · For the nine months ended ·
· · September 30, 2026 · · June 30, 2026 · · September 30, 2025 · · September 30, 2026 · · September 30, 2025 ·
· · (dollars in thousands, except per share data) ·

Net income	$36,434	$36,251	$36,714	$106,068	$91,530

Diluted earnings per common share	$2.21	$2.19	$2.16	$6.39	$5.38

Weighted average common and common equivalent shares outstanding	16,451,111	16,569,815	17,015,730	16,587,489	17,011,877

The Company reported adjusted net income (non-GAAP) of $36.4 million, with adjusted diluted EPS (non-GAAP) of $2.21 for the three months ended September 30, 2026. See section titled “GAAP to Non-GAAP Reconciliations” for additional information. The Company reported adjusted net income (non-GAAP) of $106.1 million, with adjusted diluted EPS (non-GAAP) of $6.40 for the nine months ended September 30, 2026.

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


· · For the three months ended · · For the nine months ended ·
· · September 30, 2026 · · June 30, 2026 · · September 30, 2025 · · September 30, 2026 · · September 30, 2025
· · (dollars in thousands) ·

Net interest income	$68,692	$67,916	$64,799	$204,046	$186,867
Provision for credit losses	4,452	4,708	4,305	11,614	12,582
Noninterest income	30,482	29,427	36,651	82,861	75,658
Noninterest expense	54,726	53,157	56,587	160,008	152,709
Federal and state income tax expense	3,562	3,227	3,844	9,217	5,704
Net income	$36,434	$36,251	$36,714	$106,068	$91,530

Following are certain noteworthy developments in the Company's financial results for the quarter ended September 30, 2026:

●

Net interest income in the third quarter increased 1% compared to the second quarter of 2026 and increased 6% compared to the third quarter of 2025 due to higher average earning assets and higher NIM. Net interest income increased 9% when comparing the first nine months of 2026 to the same period of the prior year due to higher average earning assets and higher NIM.

●

The provision for credit losses in the third quarter of 2026 decreased $256 thousand compared to the second quarter of 2026 as a result of improved loan quality in the current quarter. Provision expense increased $147 thousand compared to the third quarter of 2025 as a result of loan growth. Provision expense in the first nine

Part I

Item 2

months of 2026 decreased $968 thousand compared to the first nine months of 2025 as a result of improved loan quality. See the “Provision for Credit Losses” section of this report for additional details.

●

Noninterest income in the third quarter of 2026 increased $1.1 million, or 4%, compared to the second quarter of 2026 primarily due to higher capital markets revenue from swap fees during the third quarter. Noninterest income in the third quarter of 2026 decreased $6.2 million, or 17%, compared to the third quarter of 2025 primarily due to lower capital markets revenue from swap fees. Noninterest income increased $7.2 million, or 10%, when comparing the first nine months of 2026 to the same period of the prior year primarily due to higher trust fees and higher capital markets revenue from swap fees. 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. The Company expects its capital markets revenue will continue to be a significant source of fee income.

●

Noninterest expense in the third quarter of 2026 increased $1.6 million, or 3%, compared to the second quarter of 2026. 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. Noninterest expense decreased $1.9 million, or 3%, compared to the third quarter of 2025. The decrease was primarily due to lower capital markets revenue and its impact on variable compensation, and lower professional and data processing fees expense. Noninterest expense increased $7.3 million, or 5%, when comparing the first nine months of 2026 to the same period in the prior year. These increases were 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.

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