Form 8-K

8-K — QCR HOLDINGS INC

Accession: 0001104659-26-117409

Filed: 2026-10-20

Period: 2026-10-20

CIK: 0000906465

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — qcrh-20261020x8k.htm (Primary)

EX-99.1 (qcrh-ex99d1.htm)

GRAPHIC (qcrh-ex99d1001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: qcrh-20261020x8k.htm · Sequence: 1

QCR Holdings, Inc._October 20, 2026

0000906465false00009064652026-10-202026-10-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): October 20, 2026

QCR Holdings, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

0-22208

42-1397595

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)

3551 Seventh Street, Moline, Illinois 61265

(Address of Principal Executive Offices) (Zip Code)

(309) 736-3584

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1.00 Par Value

QCRH

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 20, 2026, QCR Holdings, Inc. (the “Company”) issued a press release disclosing financial results for the quarter ended September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being “furnished” and will not, except to the extent required by applicable law or regulation, be deemed “filed” by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor will any of such information or exhibits be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release dated October 20, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

QCR Holdings, Inc.

Date: October 20, 2026

By:

/s/ Todd A. Gipple

Todd A. Gipple

President and Chief Executive Officer

EX-99.1

Filename: qcrh-ex99d1.htm · Sequence: 2

Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

QCR Holdings, Inc. Announces Net Income of $36.4 million

for the Third Quarter of 2026

Third Quarter 2026 Highlights

● Record diluted earnings per share (“EPS”) of $2.21 with net income of $36.4 million and a 1.52% return on average assets (“ROAA”)

● Expanded net interest margin (“NIM”) on a tax-equivalent yield (“TEY”) basis1 3 basis points to 3.58%

● 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 m2 Equipment Finance (“m2”) portfolio runoff

● Excellent asset quality with nonperforming assets (“NPAs”) improving to 0.39% of total assets, the lowest level in two years

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

Moline, IL, October 20, 2026 – QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced quarterly net income of $36.4 million and diluted EPS of $2.21 for the third quarter of 2026, compared to quarterly net income of $36.3 million and diluted EPS of $2.19 for the second quarter of 2026, and $36.7 million and $2.16 for the third quarter of 2025.

For the Quarter Ended

September 30,

June 30,

September 30,

$ in millions (except per share data)

2026

2025

Net Income

36.4

36.3

36.7

Diluted EPS

2.21

2.19

2.16

Adjusted Net Income1

36.4

36.3

36.9

Adjusted Diluted EPS1

2.21

2.19

2.17

“We delivered record EPS this quarter with net income of $36.4 million, supported by margin expansion, robust loan growth, increased capital markets revenue, solid wealth management revenue, and further improvement in asset quality to the strongest level in several years,” said Todd Gipple, President and Chief Executive Officer. “Together, our results underscore the strength of our diversified business model, continued momentum in both low-income housing tax credit (“LIHTC”) and traditional lending, and disciplined execution across our franchise.”

Robust Loan Growth

In the third quarter of 2026, total loans increased $167.0 million, or 9% annualized from the second quarter. Loan growth was $189.7 million or 11% annualized when excluding the planned m2 portfolio runoff. Total loans were $7.2 billion on September 30, 2026, consistent with September 30, 2025 as the Company sold or securitized $730.0 million of LIHTC loans and an additional $105.6 million of m2 loans were runoff and not replaced.

“Over the past 12 months, we have strategically sold and securitized loans to recycle capital, support additional LIHTC originations, and generate attractive fee income without requiring corresponding balance sheet growth. By recycling this capital into new originations, we generated $67.5 million of capital markets revenue while increasing net interest income by $24.3 million or 10% compared to the preceding 12-month period. This demonstrates our ability to grow both net interest income and capital markets revenue while operating with a smaller balance sheet and deploying capital more efficiently,” said Mr. Gipple.

“With solid loan production trends and a strong pipeline heading into year-end, we are reaffirming our gross loan growth guidance of 10% to 15% annualized for the fourth quarter of 2026,” added Mr. Gipple.

Net Interest Income Growth Supported by Margin Expansion

Net interest income for the third quarter of 2026 was $68.7 million, an increase of $0.8 million, or 5% annualized, from the second quarter of 2026. NIM was 3.12% and NIM TEY1 was 3.58% for the third quarter, as compared to 3.10% and 3.55%, respectively, for the prior quarter. The linked-quarter increase in net interest income was driven by margin expansion supported by disciplined funding costs and higher average noninterest-bearing deposits. Average earning assets declined $44.5 million, reflecting strategic LIHTC loan offtakes in the second quarter with strong third quarter loan and investment growth partially offsetting the reduction.

“Our NIM TEY1 expanded 3 basis points from the second quarter of 2026, exceeding our guidance and driving solid net interest income growth. We expect the Federal Reserve’s September rate increase to be slightly accretive to NIM in the near-term, as variable-rate assets and new loan and investment growth reprice faster than deposits. The resulting benefit will hinge on our deposit repricing, customer behavior, and the shape of the yield curve. We remain focused on maintaining deposit pricing discipline and managing funding costs carefully,” said Nick Anderson, Chief Financial Officer.

“Looking ahead, we will continue to balance disciplined deposit pricing with the need to retain and grow core relationships. While our historical lag in deposit repricing should allow us to retain some near-term benefit from higher rates, continued competition for deposits and changes in our funding mix are expected to largely offset that benefit. Accordingly, assuming no additional Federal Reserve rate changes, we are guiding to a relatively static fourth quarter NIM TEY1,” added Mr. Anderson.

Capital Markets and Wealth Management Revenue Remain Strong

Noninterest income for the third quarter of 2026 was $30.5 million, up from $29.4 million in the second quarter of 2026. The Company generated $16.9 million of capital markets revenue in the third quarter of 2026, compared to $15.4 million in the prior quarter, which was impacted by a $1.3 million loss from the Freddie Mac LIHTC securitization.

Wealth management revenue totaled $5.7 million for the quarter, consistent with the prior quarter, benefitting from market performance, continued expansion of client relationships, and growth in assets under management. Compared with the third quarter of 2025, wealth management revenue increased 12%. “Our wealth management business continues to deliver strong results, reflecting sustained new relationship growth and consistent growth in annual revenue,” said Mr. Gipple.

“Capital markets revenue remained strong, reflecting sustained demand for affordable housing, the strength of our LIHTC team, and longstanding developer relationships. While several transactions expected to close in the third quarter shifted into the fourth quarter, this business continues to demonstrate consistent performance over time. We are reaffirming our guidance for $60 to $70 million of capital markets revenue over the next four quarters, including an expected $18 to $20 million in the fourth quarter,” added Mr. Gipple.

Expense Discipline Supports Operating Leverage

Noninterest expense for the third quarter of 2026 totaled $54.7 million, compared to $53.2 million for the second quarter of 2026. The linked-quarter increase was driven by occupancy and equipment expense, salary and employee benefits, and the timing of advertising and marketing expenses. Occupancy and equipment expense included costs related to the third core system conversion completed in early October 2026. Salary and employee benefits reflected higher incentive compensation driven by strong full-year performance to date.

“Expenses were near the lower end of our guidance range while we continued to invest in digital transformation and growth initiatives,” said Mr. Anderson. “Our efficiency ratio1 remained strong at 55.2%, reflecting our continued focus on operating leverage. Year-to-date, revenue has increased 9.3%, compared with expense growth of 4.8%, demonstrating continued operating leverage. Expenses remain well controlled, highlighting our disciplined execution of our 9/6/5 strategic model, which targets annual noninterest expense growth below 5%,” added Mr. Anderson.

For the fourth quarter of 2026, the Company expects noninterest expense to remain well controlled, assuming capital markets revenue and loan growth are within the guidance ranges and reflecting continued investments in digital transformation initiatives. The Company is reaffirming its noninterest expense guidance range of $54 to $57 million for the fourth quarter of 2026.

Strongest Asset Quality in Years

NPAs totaled $38.0 million at the end of the third quarter of 2026, a decrease of $1.5 million from the prior quarter, improving the NPA to total assets ratio to 0.39%, the lowest level since 2024. Total criticized loans also decreased $13.8 million on a linked-quarter basis to $120.4 million, or 1.67% of total loans and leases, the lowest percentage since 2019. The improvement reflected a combination of loan payoffs, credit upgrades, and charge-offs across several criticized borrower relationships.

The Company recorded a total provision for credit losses of $4.5 million in the third quarter, compared to $4.7 million in the second quarter. Net charge-offs were $3.1 million during the third quarter of 2026, a decline of $0.2 million from the prior quarter, and the lowest level recorded all year as the Company continues to benefit from the positive trends in charge-off activity from the winddown of the m2 portfolio. The allowance for credit losses to total loans held for investment was 1.23%, a decline of 1 basis point from the prior quarter.

Noninterest-Bearing Deposit Growth Despite Timing-Related Correspondent Deposit Outflows

Total deposits were $7.2 billion at September 30, 2026, compared to $7.4 billion at June 30, 2026. Core deposits excluding brokered deposits totaled $7.0 billion compared to $7.3 billion at June 30, 2026, while brokered deposits remained at 2% of total deposits. Noninterest-bearing deposits increased slightly, while average noninterest-bearing deposits increased $39.2 million or 15% annualized.

“We remain focused on optimizing our deposit mix and continued growth in relationship-based core deposits across our markets,” said Mr. Anderson. “We also achieved our fourth consecutive quarter of noninterest-bearing deposit growth, demonstrating continued progress on this key strategic priority. While we experienced some outflows of correspondent deposit balances during the quarter largely due to timing, those deposits have since returned to our balance sheet along with additional deposit growth shortly after the quarter ended,” added Mr. Anderson.

Tangible Book Value Growth and Disciplined Capital Management

Tangible book value (“TBV”) per share1 increased to $61.79 at September 30, 2026, representing 11% year-over-year growth while at the same time returning capital to shareholders through the repurchase of approximately 650 thousand shares of common stock and two dividend increases to-date in 2026.

As of September 30, 2026, the tangible common equity to tangible assets ratio1 decreased 28 basis points to 10.43% from 10.71% in the prior quarter. The decrease primarily reflected a $19.4 million reduction in accumulated other comprehensive income from unrealized losses on the investment portfolio as market interest rates increased, as well as the impact of continued share repurchases. These factors were partially offset by strong earnings.

The common equity tier 1 ratio increased 33 basis points to 11.01% and the total risk-based capital ratio increased 37 basis points to 14.50%. These quarterly changes reflect the combined impact of strong earnings and share repurchases during the quarter, partially offset by strong loan and investment growth. By comparison, these ratios were 10.68% and 14.13%, respectively, as of June 30, 2026.

Continued Opportunistic Share Repurchases

The Company repurchased $9.5 million of common stock during the third quarter of 2026, reflecting confidence in the Company’s long-term outlook. Since resuming share repurchase activity in 2025, the Company has repurchased more than 770 thousand shares, returning $65.5 million of capital to shareholders at an attractive multiple relative to TBV1. The share repurchase program remains an important capital management tool, providing flexibility to return capital to shareholders while maintaining a strong capital position.

Efficient Tax Management Supports Strong Earnings

The Company continued to benefit from a well-managed effective tax rate, reflecting disciplined tax planning and execution across the organization. This consistent approach enhances earnings quality and supports the Company’s ability to reinvest in growth, maintain strong capital levels, and return capital to shareholders. The Company expects its effective tax rate to remain in the range of 8% to 10% for the fourth quarter of 2026, assuming a revenue mix in line with its guidance ranges.

Conference Call Details

The Company will host an earnings call/webcast tomorrow, October 21, 2026, at 10:00 a.m. Central Time. Dial-in information for the call is toll-free: 888-346-9286 (international 412-317-5253; Canada toll-free 855-669-9657). Participants should request to join the QCR Holdings, Inc. call. Participants will be required to state their name and company upon entering the call. The event will be

available for replay through October 28, 2026. The replay access information is 855-669-9658 (international 412-317-0088); access code 5670385. A webcast of the teleconference can be accessed on the Company’s News and Events page at www.qcrh.com. An archived version of the webcast will be available at the same location shortly after the live event has ended.

About Us

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, and Guaranty Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 35 locations in Iowa, Missouri, and Illinois. As of September 30, 2026, the Company had $9.8 billion in assets, $7.2 billion in loans and $7.2 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

Endnotes

1Adjusted non-GAAP measurements of financial performance exclude non-core and/or nonrecurring income and expense items that management believes are not reflective of the anticipated future operation of the Company’s business. The Company believes these adjusted measurements provide a better comparison for analysis and may provide a better indicator of future performance. See GAAP to non-GAAP reconciliations.

Special Note Concerning Forward-Looking Statements.

This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “bode,” “predict,” “suggest,” “project,” “appear,” “plan,” “intend,” “estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,” “likely,” “might,” “potential,” “continue,” “annualized,” “target,” “outlook,” as well as the negative forms of those words, or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

Forward-looking statements are not historical facts but instead represent management’s current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially, from those currently expected or projected in these forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets, including effects of inflationary pressures, the threat or implementation of tariffs, immigration enforcement and changes in foreign policy; (ii) effects on the U.S. economy resulting from actions taken by federal and local governments, including changes in local, state and federal laws and regulations, the threat or implementation of tariffs, immigration enforcement and changes in foreign policy; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, military conflicts, acts of war or threats thereof (including the Russian invasion of Ukraine and ongoing conflicts in the Middle East), and other adverse external events that can increase levels of political and economic unpredictability, contribute to rising energy and commodity prices, affect global supply chains, increase the volatility of financial markets, and other matters beyond our control, and the response of the local, state and national governments to any such adverse external events; (iv) new or revised accounting policies and practices, as may be adopted by state and federal regulatory agencies, the FASB, the Securities and Exchange Commission (the “SEC”) or the PCAOB; (v) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company’s commercial borrowers; (vi) increased competition in the financial services sector, including from non-bank competitors such as credit unions, private credit firms, fintech companies, and digital asset service providers and the inability to attract new customers; (vii) rapid technological changes implemented by us and our third-party vendors, including the development and implementation of tools incorporating artificial intelligence; (viii) unexpected results of acquisitions, including failure to realize the anticipated benefits of the acquisitions and the possibility that transaction and integration costs may be greater than anticipated; (ix) the loss of key executives and employees, talent shortages and employee turnover; (x) changes in consumer spending; (xi) unexpected outcomes and costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xii) the economic impact on the Company and its customers of climate change, natural disasters and exceptional weather occurrences such as tornadoes, floods and blizzards; (xiii) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates such as the September increase in the benchmark federal funds rate by the Federal Reserve; (xiv) credit risk and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio and large loans to certain borrowers (including CRE loans); (xv) the overall health of the local and national real estate market; (xvi) the ability to maintain an adequate level of allowance for credit losses on loans; (xvii) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xviii) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company’s cost of funds; (xix) the level of non-performing assets on our balance sheet; (xx) interruptions involving our information technology and communications systems or third-party servicers; (xxi) the occurrence of fraudulent activity, breaches or failures of the Company’s or our third-party vendors’ information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider

fraud; (xxii) emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business or customers; (xxiii) changes in the interest rates and repayment rates of the Company’s assets; (xxiv) the effectiveness of the Company’s risk management framework; and (xxv) the ability of the Company to manage the risks associated with the foregoing. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s filings with the SEC.

Contact:

Doug Neumann

VP, Investor Relations

(309) 743-7753

dneumann@qcrh.com

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

As of

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

(dollars in thousands)

CONDENSED BALANCE SHEET

Cash and due from banks

89,267

111,342

80,038

76,494

77,581

Federal funds sold and interest-bearing deposits

97,433

80,408

39,290

76,399

84,738

Securities, net of allowance for credit losses

1,431,589

1,401,408

1,324,750

1,312,310

1,308,689

Loans receivable held for sale (1)

2,449

3,731

524,931

1,429

1,457

Loans/leases receivable held for investment

7,197,454

7,029,199

6,760,569

7,165,526

7,177,464

Allowance for credit losses

(88,424)

(87,185)

(85,459)

(90,127)

(88,770)

Intangibles

6,562

7,068

7,574

8,080

9,077

Goodwill

138,595

Derivatives

243,882

211,178

209,836

188,409

202,703

Other assets

676,513

624,899

613,571

621,079

576,401

Total assets

9,795,320

9,520,643

9,613,695

9,498,194

9,487,935

Total deposits

7,203,201

7,417,334

7,770,850

7,414,198

7,380,068

Total borrowings

1,021,344

660,315

418,257

638,541

706,827

Derivatives

262,023

131,921

149,836

137,051

150,375

Other liabilities

156,934

161,316

152,288

196,093

163,750

Total stockholders’ equity

1,151,818

1,149,757

1,122,464

1,112,311

1,086,915

Total liabilities and stockholders’ equity

9,795,320

9,520,643

9,613,695

9,498,194

9,487,935

ANALYSIS OF LOAN PORTFOLIO

Loan/lease mix: (2)

Commercial and industrial - revolving

450,232

407,419

376,284

384,656

386,674

Commercial and industrial - other

1,046,885

1,080,335

1,059,148

1,094,064

1,107,896

Commercial and industrial - other - LIHTC

136,382

129,578

237,125

224,802

222,772

Total commercial and industrial

1,633,499

1,617,332

1,672,557

1,703,522

1,717,342

Commercial real estate, owner occupied

607,424

589,928

588,098

577,352

586,578

Commercial real estate, non-owner occupied

927,205

966,873

1,000,673

1,036,655

1,053,732

Construction and land development

666,961

630,909

608,039

566,891

515,787

Construction and land development - LIHTC

536,506

574,644

693,591

741,531

1,028,978

Multi-family

365,198

359,993

355,349

340,080

316,353

Multi-family - LIHTC

1,675,395

1,511,247

1,582,573

1,429,251

1,187,243

Direct financing leases

5,610

6,382

7,947

9,533

11,090

1-4 family real estate

614,717

613,664

618,973

603,683

599,838

Consumer

167,388

161,958

157,700

158,457

161,980

Total loans/leases

7,199,903

7,032,930

7,285,500

7,166,955

7,178,921

Less allowance for credit losses

88,424

87,185

85,459

90,127

88,770

Net loans/leases

7,111,479

6,945,745

7,200,041

7,076,828

7,090,151

ANALYSIS OF SECURITIES PORTFOLIO

Securities mix:

U.S. government sponsored agency securities

13,356

13,928

15,059

16,024

14,208

Municipal securities

1,144,374

1,126,055

1,081,102

1,081,274

1,085,669

Residential mortgage-backed and related securities

106,133

88,515

86,222

68,855

57,108

Asset backed securities

3,651

3,769

4,076

4,439

4,918

Other securities

48,307

53,456

55,845

58,143

63,824

Trading securities (3)

116,050

115,967

82,728

83,857

83,225

Total securities

1,431,871

1,401,690

1,325,032

1,312,592

1,308,952

Less allowance for credit losses

282

263

Net securities

1,431,589

1,401,408

1,324,750

1,312,310

1,308,689

ANALYSIS OF DEPOSITS

Deposit mix:

Noninterest-bearing demand deposits

1,023,748

1,022,346

982,696

945,513

931,774

Interest-bearing demand deposits

5,189,923

5,399,818

5,634,742

5,196,438

5,176,364

Time deposits

824,663

840,346

968,914

1,035,317

1,004,980

Brokered deposits

164,867

154,824

184,498

236,930

266,950

Total deposits

7,203,201

7,417,334

7,770,850

7,414,198

7,380,068

ANALYSIS OF BORROWINGS

Borrowings mix:

Term FHLB advances

10,609

10,383

145,383

Overnight FHLB advances

623,000

258,000

15,000

235,000

145,000

Other borrowings

99,488

99,430

107,457

107,395

130,609

Other short-term borrowings

4,750

8,907

1,950

2,650

2,850

Subordinated notes

234,407

234,312

234,217

234,122

234,027

Junior subordinated debentures

49,090

49,057

49,024

48,991

48,958

Total borrowings

1,021,344

660,315

418,257

638,541

706,827

(1) There were no loans identified for LIHTC securitization or LIHTC loan sales September 30, 2026 and June 30, 2026, $522.9 million identified and included in LHFS at March 31, 2026 and none as of December 31, 2025 and September 30, 2025.

(2) Loan categories with significant LIHTC loan balances have been broken out separately. Total LIHTC balances within the loan/lease portfolio were $2.4 billion at September 30, 2026.

(3) Trading securities consisted of retained beneficial interests acquired in conjunction with Freddie Mac securitizations completed by the Company.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

For the Quarter Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

(dollars in thousands, except per share data)

INCOME STATEMENT

Interest income

121,573

121,027

120,091

127,491

125,015

Interest expense

52,881

53,111

52,653

59,137

60,216

Net interest income

68,692

67,916

67,438

68,354

64,799

Provision for credit losses

4,452

4,708

2,454

5,499

4,305

Net interest income after provision for credit losses

64,240

63,208

64,984

62,855

60,494

Trust fees (1)

3,980

4,281

3,894

3,749

3,544

Investment advisory and management fees (1)

1,677

1,551

1,539

1,504

1,488

Deposit service fees

2,230

2,115

1,973

2,092

2,231

Gains on sales of residential real estate loans, net

325

507

614

666

529

Capital markets revenue

16,901

15,392

10,701

24,481

23,832

Earnings on bank-owned life insurance

887

1,025

931

888

952

Debit card fees

1,745

1,752

1,659

1,640

1,648

Correspondent banking fees

738

747

693

699

664

Loan related fee income

1,045

1,066

950

930

846

Fair value gain (loss) on derivatives and trading securities

442

802

(869)

800

324

Other

512

189

867

1,216

593

Total noninterest income

30,482

29,427

22,952

38,665

36,651

Salaries and employee benefits

32,803

32,120

31,389

36,898

34,338

Occupancy and equipment expense

8,165

7,342

7,479

7,364

7,363

Professional and data processing fees

5,250

5,597

5,162

7,303

6,741

FDIC insurance, other insurance and regulatory fees

1,847

1,973

2,072

2,232

2,035

Loan/lease expense

606

291

106

378

345

Net cost of (income from) and gains/losses on operations of other real estate

(11)

Advertising and marketing

2,143

1,822

1,775

2,346

1,830

Communication and data connectivity

170

243

202

184

Supplies

223

265

233

238

259

Bank service charges

679

711

664

706

678

Losses on debt extinguishment, net

—

1,963

—

Correspondent banking expense

334

335

333

329

338

Intangibles amortization

506

997

662

Payment card processing

551

496

508

577

569

Trust expense

423

455

474

436

412

Other

1,002

1,012

1,206

865

974

Total noninterest expense

54,726

53,157

52,125

62,852

56,587

Net income before income taxes

39,996

39,478

35,811

38,668

40,558

Federal and state income tax expense

3,562

3,227

2,428

3,004

3,844

Net income

36,434

36,251

33,383

35,664

36,714

Basic EPS

2.23

2.20

2.00

2.13

2.17

Diluted EPS

2.21

2.19

1.99

2.12

2.16

Weighted average common shares outstanding

16,362,311

16,489,987

16,651,808

16,756,717

16,919,785

Weighted average common and common equivalent shares outstanding

16,451,111

16,569,815

16,741,541

16,858,672

17,015,730

(1) Trust fees and investment advisory and management fees when combined are referred to as wealth management revenue.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

For the Nine Months Ended

September 30,

2026

2025

(dollars in thousands, except per share data)

INCOME STATEMENT

Interest income

362,691

361,935

Interest expense

158,645

175,068

Net interest income

204,046

186,867

Provision for credit losses

11,614

12,582

Net interest income after provision for credit losses

192,432

174,285

Trust fees (1)

12,155

10,625

Investment advisory and management fees (1)

4,767

3,996

Deposit service fees

6,318

6,601

Gains on sales of residential real estate loans, net

1,446

1,382

Capital markets revenue

42,994

40,217

Earnings on bank-owned life insurance

2,843

2,474

Debit card fees

5,156

4,784

Correspondent banking fees

2,178

1,977

Loan related fee income

3,061

2,840

Fair value gain (loss) on derivatives and trading securities

375

(453)

Other

1,568

1,215

Total noninterest income

82,861

75,658

Salaries and employee benefits

96,312

90,176

Occupancy and equipment expense

22,986

20,655

Professional and data processing fees

16,009

17,974

FDIC insurance, other insurance and regulatory fees

5,892

5,965

Loan/lease expense

1,003

1,133

Net cost of and gains/losses on operations of other real estate

Advertising and marketing

5,740

5,189

Communication and data connectivity

615

604

Supplies

721

718

Bank service charges

2,054

1,994

Correspondent banking expense

1,002

981

Intangibles amortization

1,518

1,984

Payment card processing

1,555

1,710

Trust expense

1,352

1,182

Other

3,220

2,400

Total noninterest expense

160,008

152,709

Net income before income taxes

115,285

97,234

Federal and state income tax expense

9,217

5,704

Net income

106,068

91,530

Basic EPS

6.43

5.41

Diluted EPS

6.39

5.38

Weighted average common shares outstanding

16,501,369

16,916,371

Weighted average common and common equivalent shares outstanding

16,587,489

17,011,877

(1) Trust fees and investment advisory and management fees when combined are referred to as wealth management revenue.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

As of and for the Quarter Ended

For the Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

(dollars in thousands, except per share data)

COMMON SHARE DATA

Common shares outstanding

16,291,870

16,367,268

16,496,102

16,690,603

16,838,866

Book value per common share (1)

70.70

70.25

68.04

66.64

64.55

Tangible book value per common share (Non-GAAP) (2)

61.79

61.35

59.18

57.86

55.78

Closing stock price

97.88

97.35

85.45

83.30

75.64

Market capitalization

1,594,648

1,593,354

1,409,592

1,390,327

1,273,692

Market price / book value

138.45%

138.58%

125.58%

124.99%

117.18%

Market price / tangible book value

158.41%

158.68%

144.38%

143.98%

135.61%

Earnings per common share (basic) LTM (3)

8.56

8.50

8.01

7.54

7.21

Price earnings ratio LTM (3)

11.43x

11.45 x

10.67 x

11.05 x

10.49 x

TCE / TA (Non-GAAP) (4)

10.43%

10.71%

10.31%

10.33%

10.06%

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

Beginning balance

1,149,757

1,122,464

1,112,311

1,086,915

1,050,554

Net income

36,434

36,251

33,383

35,664

36,714

Other comprehensive income (loss), net of tax

(23,834)

4,354

(1,879)

1,981

8,342

Common stock cash dividends declared

(2,457)

(1,652)

(1,674)

(1,011)

(1,017)

Repurchase and cancellation of shares of common stock as a result of a share repurchase program

(9,545)

(13,469)

(20,842)

(12,635)

(8,993)

Other (5)

1,463

1,809

1,165

1,397

1,315

Ending balance

1,151,818

1,149,757

1,122,464

1,112,311

1,086,915

REGULATORY CAPITAL RATIOS (6):

Total risk-based capital ratio

14.50%

14.13%

14.00%

14.19%

14.03%

Tier 1 risk-based capital ratio

11.52%

11.18%

11.05%

11.02%

10.85%

Tier 1 leverage capital ratio

11.96%

11.65%

11.44%

11.07%

11.29%

Common equity tier 1 ratio

11.01%

10.68%

10.54%

10.52%

10.34%

KEY PERFORMANCE RATIOS AND OTHER METRICS

Return on average assets (annualized)

1.52%

1.51%

1.40%

1.46%

1.57%

1.48%

1.33%

Return on average total equity (annualized)

12.43%

12.64%

11.75%

12.78%

13.65%

12.27%

11.68%

Net interest margin

3.12%

3.10%

3.13%

3.06%

3.00%

3.12%

2.97%

Net interest margin TEY (Non-GAAP) (7)

3.58%

3.55%

3.58%

3.57%

3.51%

3.57%

3.46%

Efficiency ratio (Non-GAAP) (8)

55.18%

54.61%

57.67%

58.73%

55.78%

55.77%

58.17%

Gross loans/leases held for investment / total assets

73.48%

73.83%

70.32%

75.44%

75.65%

73.48%

75.01%

Gross loans/leases held for investment / total deposits

99.92%

94.77%

87.00%

96.65%

97.25%

99.92%

97.25%

Effective tax rate

8.91%

8.17%

6.78%

7.77%

9.48%

7.99%

5.87%

Full-time equivalent employees

1,016

1,001

997

1,004

994

1,016

994

AVERAGE BALANCES

Assets

9,558,844

9,581,171

9,550,010

9,758,848

9,354,411

9,563,374

9,176,349

Loans/leases

7,103,446

7,182,293

7,183,312

7,292,592

7,048,314

7,156,107

6,907,731

Deposits

7,439,218

7,613,397

7,650,696

7,620,212

7,383,373

7,566,996

7,250,268

Total stockholders’ equity

1,172,894

1,147,382

1,136,307

1,116,342

1,075,715

1,152,328

1,045,090

(1) Includes accumulated other comprehensive income (loss).

(2) Includes accumulated other comprehensive income (loss) and excludes intangible assets. See GAAP to Non-GAAP reconciliations.

(3) LTM: Last twelve months.

(4) TCE / TCA: tangible common equity / total tangible assets. See GAAP to non-GAAP reconciliations.

(5) Includes mostly common stock issued for options exercised and the employee stock purchase plan, as well as stock-based compensation.

(6) Ratios for the current quarter are subject to change upon final calculation for regulatory filings due after earnings release.

(7) TEY: Tax equivalent yield. See GAAP to Non-GAAP reconciliations.

(8) See GAAP to Non-GAAP reconciliations.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

ANALYSIS OF NET INTEREST INCOME AND MARGIN

For the Quarter Ended

September. 30, 2026

June 30, 2026

September 30, 2025

Average Balance

Interest Earned or Paid

Average Yield or Cost

Average Balance

Interest Earned or Paid

Average Yield or Cost

Average Balance

Interest Earned or Paid

Average Yield or Cost

(dollars in thousands)

Fed funds sold

13,386

127

3.71%

5,264

3.91%

13,808

154

4.36%

Interest-bearing deposits at financial institutions

106,013

935

3.50%

150,092

1,353

3.62%

128,126

1,341

4.15%

Investment securities - taxable

446,297

4,968

4.46%

426,526

4,755

4.47%

400,765

4,878

4.86%

Investment securities - nontaxable (1)

1,035,149

16,451

6.35%

989,220

15,537

6.29%

952,542

13,841

5.81%

Restricted investment securities

34,653

650

7.34%

30,028

519

6.84%

31,959

570

6.98%

Loans (1)

7,103,446

108,476

6.06%

7,182,293

108,623

6.07%

7,048,314

115,094

6.48%

Total earning assets (1)

8,738,944

131,607

5.98%

8,783,423

130,839

5.97%

8,575,514

135,878

6.29%

Interest-bearing deposits

5,407,041

36,031

2.64%

5,519,231

36,251

2.63%

5,197,006

40,221

3.07%

Time deposits

979,181

8,568

3.47%

1,080,345

9,543

3.54%

1,237,232

12,595

4.04%

Short-term borrowings

3,661

3.47%

3,138

3.82%

2,022

4.15%

Federal Home Loan Bank advances

256,174

2,509

3.83%

153,279

1,384

3.57%

204,786

2,348

4.49%

Other borrowings

99,450

1,081

4.35%

107,389

1,265

4.71%

48,295

479

3.97%

Subordinated notes

234,344

3,934

6.72%

234,250

3,923

6.70%

236,783

3,861

6.52%

Junior subordinated debentures

49,068

725

5.78%

49,035

716

5.78%

48,936

690

5.52%

Total interest-bearing liabilities

7,028,919

52,881

2.98%

7,146,667

53,112

2.98%

6,975,060

60,215

3.42%

Net interest income (1)

78,726

77,727

75,663

Net interest margin

3.12%

3.10%

3.00%

Net interest margin TEY (Non-GAAP) (1) (2)

3.58%

3.55%

3.51%

Cost of funds (3)

2.60%

2.61%

3.01%

For the Nine Months Ended

September. 30, 2026

September 30, 2025

Average Balance

Interest Earned or Paid

Average Yield or Cost

Average Balance

Interest Earned or Paid

Average Yield or Cost

(dollars in thousands)

Fed funds sold

8,904

252

3.73%

12,385

412

4.38%

Interest-bearing deposits at financial institutions

141,033

3,776

3.58%

149,287

4,778

4.28%

Investment securities - taxable

427,853

14,685

4.58%

401,067

14,272

4.75%

Investment securities - nontaxable (1)

989,559

46,038

6.21%

896,990

38,434

5.72%

Restricted investment securities

29,773

1,554

6.89%

32,191

1,726

7.07%

Loans (1)

7,156,107

325,980

6.09%

6,907,731

332,780

6.44%

Total earning assets (1)

8,753,229

392,285

5.99%

8,399,651

392,402

6.24%

Interest-bearing deposits

5,459,152

107,776

2.64%

5,094,180

116,523

3.06%

Time deposits

1,088,435

29,172

3.58%

1,211,739

37,693

4.16%

Short-term borrowings

3,349

3.55%

1,761

4.09%

Federal Home Loan Bank advances

151,212

4,190

3.65%

211,189

7,197

4.49%

Other borrowings

104,722

3,512

4.47%

16,275

479

3.93%

Subordinated notes

234,251

11,777

6.70%

234,659

11,062

6.29%

Junior subordinated debentures

49,035

2,128

5.72%

48,904

2,059

5.55%

Total interest-bearing liabilities

7,090,156

158,645

2.99%

6,818,707

175,068

3.43%

Net interest income (1)

233,640

217,334

Net interest margin

3.12%

2.97%

Net interest margin TEY (Non-GAAP) (1) (2)

3.57%

3.46%

Cost of funds (3)

2.61%

3.01%

(1)

Includes nontaxable securities and loans. Interest earned and yields on nontaxable securities and loans are determined on a tax equivalent basis using a 21% effective federal tax rate.

(2)

TEY: Tax equivalent yield. See GAAP to Non-GAAP reconciliations.

(3)

Cost of funds includes the effect of noninterest-bearing deposits.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

As of

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

(dollars in thousands)

ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES ON LOANS/LEASES

Beginning balance

87,185

85,459

90,127

88,770

88,732

Change in ACL for transfer of loans to LHFS (4)

—

374

(3,450)

—

Provision for credit losses

4,324

4,652

2,688

5,562

4,225

Loans/leases charged off

(4,217)

(3,573)

(4,447)

(4,469)

(4,746)

Recoveries on loans/leases previously charged off

1,132

273

541

264

559

Ending balance

88,424

87,185

85,459

90,127

88,770

NONPERFORMING ASSETS

Nonaccrual loans/leases

36,250

39,139

41,823

42,212

42,167

Accruing loans/leases past due 90 days or more

Total nonperforming loans/leases

36,271

39,140

41,858

42,297

42,210

Other real estate owned

1,709

350

540

—

Other repossessed assets

500

510

Total nonperforming assets

38,000

39,510

42,898

43,337

42,720

ASSET QUALITY RATIOS

Nonperforming assets / total assets

0.39%

0.41%

0.45%

ACL for loans and leases / total loans/leases held for investment

1.23%

1.24%

1.26%

1.24%

ACL for loans and leases / nonperforming loans/leases

243.79%

222.75%

204.16%

213.08%

210.31%

Net charge-offs as a % of average loans/leases

0.04%

0.05%

0.06%

INTERNALLY ASSIGNED RISK RATING (1)

Special mention

59,675

69,706

82,819

74,765

76,750

Substandard (2)

60,729

64,519

63,491

64,142

67,319

Doubtful (2)

—

Total Criticized loans (3)

120,404

134,225

146,310

138,907

144,069

Classified loans as a % of total loans/leases (2)

0.84%

0.92%

0.87%

0.89%

0.94%

Total Criticized loans as a % of total loans/leases (3)

1.67%

1.91%

2.01%

1.94%

2.01%

(1)

Amounts exclude the government guaranteed portion, if any. The Company assigns internal risk ratings of Pass for the government guaranteed portion.

(2)

Classified loans are defined as loans with internally assigned risk ratings of 10 or 11, regardless of performance, and include loans identified as Substandard or Doubtful.

(3)

Total Criticized loans are defined as loans with internally assigned risk ratings of 9, 10, or 11, regardless of performance, and include loans identified as Special Mention, Substandard, or Doubtful.

(4)

LHFS: Loans held for sale.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

For the Quarter Ended

For the Nine Months Ended

September 30,

June 30,

September 30,

SELECT FINANCIAL DATA - SUBSIDIARIES

2026

2025

2026

2025

(dollars in thousands)

TOTAL ASSETS

Quad City Bank and Trust (1)

2,709,310

2,787,394

2,794,136

m2 Equipment Finance, LLC

108,136

130,764

211,524

Cedar Rapids Bank and Trust

2,979,899

2,880,251

2,760,379

Community State Bank

1,780,615

1,745,280

1,680,476

Guaranty Bank

2,414,400

2,377,330

2,446,635

TOTAL DEPOSITS

Quad City Bank and Trust (1)

2,166,722

2,393,789

2,407,371

Cedar Rapids Bank and Trust

2,045,193

2,075,070

1,890,779

Community State Bank

1,325,930

1,263,222

1,296,255

Guaranty Bank

1,879,258

1,879,401

1,835,993

TOTAL LOANS & LEASES

Quad City Bank and Trust (1)

1,949,427

1,895,840

2,118,791

m2 Equipment Finance, LLC

112,377

135,065

217,966

Cedar Rapids Bank and Trust

2,073,690

2,011,688

1,894,594

Community State Bank

1,331,493

1,291,151

1,269,359

Guaranty Bank

1,845,293

1,834,251

1,896,178

TOTAL LOANS & LEASES / TOTAL DEPOSITS

Quad City Bank and Trust (1)

90%

79%

88%

Cedar Rapids Bank and Trust

101%

97%

100%

Community State Bank

100%

102%

98%

Guaranty Bank

98%

103%

TOTAL LOANS & LEASES / TOTAL ASSETS

Quad City Bank and Trust (1)

72%

68%

76%

Cedar Rapids Bank and Trust

70%

69%

Community State Bank

75%

74%

76%

Guaranty Bank

76%

77%

78%

ACL ON LOANS/LEASES HELD FOR INVESTMENT AS A PERCENTAGE OF LOANS/LEASES HELD FOR INVESTMENT

Quad City Bank and Trust (1)

1.18%

1.17%

1.24%

m2 Equipment Finance, LLC

5.42%

5.05%

4.48%

Cedar Rapids Bank and Trust

1.17%

1.19%

1.31%

Community State Bank

1.03%

1.00%

0.97%

Guaranty Bank

1.48%

1.53%

1.34%

RETURN ON AVERAGE ASSETS (ANNUALIZED)

Quad City Bank and Trust (1)

1.37%

1.59%

1.20%

1.43%

1.25%

Cedar Rapids Bank and Trust

3.02%

3.03%

3.26%

2.84%

2.60%

Community State Bank

1.29%

1.34%

1.40%

1.33%

1.27%

Guaranty Bank

1.22%

0.66%

1.30%

1.04%

0.96%

NET INTEREST MARGIN PERCENTAGE (2)

Quad City Bank and Trust (1)

3.26%

3.15%

3.40%

3.21%

3.43%

Cedar Rapids Bank and Trust

4.07%

3.99%

4.03%

4.01%

Community State Bank

3.92%

3.91%

3.90%

3.91%

3.85%

Guaranty Bank

3.37%

3.27%

3.22%

3.36%

3.13%

(1)

Quad City Bank and Trust amounts include m2 Equipment Finance, LLC, as this entity is wholly-owned and consolidated with the Bank. m2 Equipment Finance, LLC is also presented separately for certain (applicable) measurements.

(2)

Includes nontaxable securities and loans. Interest earned and yields on nontaxable securities and loans are determined on a tax equivalent basis using a 21% effective federal tax rate.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

As of

September 30,

June 30,

March 31,

December 31,

September 30,

GAAP TO NON-GAAP RECONCILIATIONS

2026

2025

(dollars in thousands, except per share data)

TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS RATIO (1)

Stockholders’ equity (GAAP)

1,151,818

1,149,757

1,122,464

1,112,311

1,086,915

Less: Intangible assets

145,157

145,663

146,169

146,675

147,672

Tangible common equity (non-GAAP)

1,006,661

1,004,094

976,295

965,636

939,243

Total assets (GAAP)

9,795,320

9,520,643

9,613,695

9,498,194

9,487,935

Less: Intangible assets

145,157

145,663

146,169

146,675

147,672

Tangible assets (non-GAAP)

9,650,163

9,374,980

9,467,526

9,351,519

9,340,263

Tangible common equity to tangible assets ratio (non-GAAP)

10.43%

10.71%

10.31%

10.33%

10.06%

TANGIBLE BOOK VALUE PER SHARE (1)

Tangible common equity (non-GAAP)

1,006,661

1,004,094

976,295

965,636

939,243

Common shares outstanding

16,291,870

16,367,268

16,496,102

16,690,603

16,838,866

Tangible book value per common share (non-GAAP)

61.79

61.35

59.18

57.86

55.78

CORE DEPOSITS (1)

Total deposits (GAAP)

7,203,201

7,417,334

7,770,850

7,414,198

7,380,068

Less: Brokered Deposits

164,867

154,824

184,498

236,930

266,950

Core deposits (non-GAAP)

7,038,334

7,262,510

7,586,352

7,177,268

7,113,118

(1) These metrics are non-GAAP financial measures. The Company's management believes that this measurement is important to many investors in the marketplace who are interested in changes period-to-period in common equity. In compliance with applicable rules of the SEC, this non-GAAP measure is reconciled to stockholders' equity and total assets, which are the most directly comparable GAAP financial measures.

QCR Holdings, Inc.

Consolidated Financial Highlights

(Unaudited)

GAAP TO NON-GAAP RECONCILIATIONS

For the Quarter Ended

For the Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

ADJUSTED NET INCOME (1)

2026

2025

2026

2025

(dollars in thousands, except per share data)

Net income (GAAP)

36,434

36,251

33,383

35,664

36,714

106,068

91,530

Less non-core items (post-tax) (2):

Income:

Fair value loss on derivatives, net

—

(4)

(13)

(88)

(223)

(17)

(776)

Total adjusted income (non-GAAP)

—

(4)

(13)

(88)

(223)

(17)

(776)

Expense:

Losses on debt extinguishment, net

—

1,551

—

Total adjusted expense (non-GAAP)

—

1,551

—

Adjusted net income (non-GAAP) (1)

36,434

36,255

33,396

37,303

36,937

106,085

92,306

ADJUSTED EARNINGS PER COMMON SHARE (1)

Adjusted net income (non-GAAP) (from above)

36,434

36,255

33,396

37,303

36,937

106,085

92,306

Weighted average common shares outstanding

16,362,311

16,489,987

16,651,808

16,756,717

16,919,785

16,501,369

16,916,371

Weighted average common and common equivalent shares outstanding

16,451,111

16,569,815

16,741,541

16,858,672

17,015,730

16,587,489

17,011,877

Adjusted earnings per common share (non-GAAP):

Basic

2.23

2.20

2.01

2.23

2.18

6.43

5.46

Diluted

2.21

2.19

1.99

2.21

2.17

6.40

5.43

ADJUSTED RETURN ON AVERAGE ASSETS AND AVERAGE EQUITY (1)

Adjusted net income (non-GAAP) (from above)

36,434

36,255

33,396

37,303

36,937

106,085

92,306

Average Assets

9,558,844

9,581,171

9,550,010

9,758,848

9,354,411

9,563,374

9,176,349

Adjusted return on average assets (annualized) (non-GAAP)

1.52%

1.51%

1.40%

1.53%

1.58%

1.48%

1.34%

Adjusted return on average equity (annualized) (non-GAAP)

12.43%

12.64%

11.76%

13.37%

13.73%

12.27%

11.78%

NET INTEREST MARGIN TEY (3)

Net interest income (GAAP)

68,692

67,916

67,438

68,354

64,799

204,046

186,867

Plus: Tax equivalent adjustment (4)

10,034

9,811

9,748

11,277

10,864

29,594

30,467

Net interest income - tax equivalent (non-GAAP)

78,726

77,727

77,186

79,631

75,663

233,640

217,334

Average earning assets

8,738,944

8,783,423

8,737,152

8,872,022

8,575,514

8,753,229

8,399,651

Net interest margin (GAAP)

3.12%

3.10%

3.13%

3.06%

3.00%

3.12%

2.97%

Net interest margin TEY (non-GAAP)

3.58%

3.55%

3.58%

3.57%

3.51%

3.57%

3.46%

EFFICIENCY RATIO (5)

Noninterest expense (GAAP)

54,726

53,157

52,125

62,852

56,587

160,008

152,709

Net interest income (GAAP)

68,692

67,916

67,438

68,354

64,799

204,046

186,867

Noninterest income (GAAP)

30,482

29,427

22,952

38,665

36,651

82,861

75,658

Total income

99,174

97,343

90,390

107,019

101,450

286,907

262,525

Efficiency ratio (noninterest expense/total income) (non-GAAP)

55.18%

54.61%

57.67%

58.73%

55.78%

55.77%

58.17%

Adjusted efficiency ratio (adjusted noninterest expense/adjusted total income) (non-GAAP)

55.18%

54.61%

57.66%

56.84%

55.62%

55.77%

57.95%

(1) Adjusted net income, adjusted earnings per common share, adjusted return on average assets and average equity are non-GAAP financial measures. The Company's management believes that these measurements are important to investors as they exclude non-core or non-recurring income and expense items, therefore, they provide a more realistic run-rate for future periods. In compliance with applicable rules of the SEC, these non-GAAP measures are reconciled to net income, which is the most directly comparable GAAP financial measure.

(2) Adjusted or non-recurring items (post-tax) are calculated using an estimated effective federal tax rate of 21% with the exception of goodwill impairment which is not deductible for tax.

(3) Interest earned and yields on nontaxable securities and loans are determined on a tax equivalent basis using a 21% effective federal tax rate.

(4) Net interest margin TEY is a non-GAAP financial measure. The Company's management utilizes this measurement to take into account the tax benefit associated with certain loans and securities. It is also standard industry practice to measure net interest margin using tax-equivalent measures. In compliance with applicable rules of the SEC, this non-GAAP measure is reconciled to net interest income, which is the most directly comparable GAAP financial measure.

(5) Efficiency ratio is a non-GAAP measure. The Company's management utilizes this ratio to compare to industry peers. The ratio is used to calculate overhead as a percentage of revenue. In compliance with the applicable rules of the SEC, this non-GAAP measure is reconciled to noninterest expense, net interest income and noninterest income, which are the most directly comparable GAAP financial measures.

GRAPHIC

Filename: qcrh-ex99d1001.jpg · Sequence: 3

Binary file (59780 bytes)

Download qcrh-ex99d1001.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.3

Document and Entity Information

Oct. 20, 2026

Document and Entity Information [Abstract]

Document Type

8-K

Document Period End Date

Oct. 20, 2026

Entity Registrant Name

QCR Holdings, Inc.

Entity Incorporation, State or Country Code

Entity File Number

0-22208

Entity Tax Identification Number

42-1397595

Entity Address, Address Line One

3551 Seventh Street

Entity Address, City or Town

Moline

Entity Address State Or Province

Entity Address, Postal Zip Code

61265

City Area Code

309

Local Phone Number

736-3584

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $1.00 Par Value

Trading Symbol

QCRH

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0000906465

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration