Qcr Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 22, 2020 at 04:08 pm
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QCR Holdings, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 39.919 million compared to USD 39.593 million a year ago. Net income was USD 15.891 million compared to USD 13.316 million a year ago. Basic earnings per share was USD 1.01 compared to USD 0.85 a year ago. Diluted earnings per share was USD 0.99 compared to USD 0.84 a year ago. For the full year, net interest income was USD 155.559 million compared to USD 142.395 million a year ago. Net income was USD 57.408 million compared to USD 43.120 million a year ago. Basic earnings per share was USD 3.65 compared to USD 2.92 a year ago. Diluted earnings per share was USD 3.6 compared to USD 2.86 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. 
