Tranche Update on QCR Holdings, Inc.'s Equity Buyback Plan announced on May 19, 2022.
August 08, 2023 at 11:47 am EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 22,500 shares, representing 0.13% for $0.97 million. With this, the company has completed the repurchase of 745,000 shares, representing 4.33% for $39.58 million under the buyback announced on May 19, 2022.
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. 
