QCR Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:05 pm EDT
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QCR Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 53.21 million compared to USD 59.4 million a year ago. Net income was USD 28.43 million compared to USD 15.24 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to USD 0.87 a year ago.
For the six months, net interest income was USD 110.02 million compared to USD 105.13 million a year ago. Net income was USD 55.58 million compared to USD 38.87 million a year ago. Basic earnings per share from continuing operations was USD 3.32 compared to USD 2.36 a year ago. Diluted earnings per share from continuing operations was USD 3.29 compared to USD 2.33 a year ago.
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities, through four wholly owned banking subsidiaries (Banks), Quad City Bank & Trust (QCBT), Cedar Rapids Bank & Trust (CRBT), Community State Bank (CSB) and Guaranty Bank (GB), which provides full-service commercial and consumer banking and trust and asset management services. The Companyâs principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company is also engaged in direct financing lease contracts and equipment financing agreements through m2, a wholly owned subsidiary of QCBT based in Waukesha, Wisconsin. It is also engaged in wealth management services through its banking subsidiaries. It also provides a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.
QCR HOLDINGS, INC. 
