Overview
QCR Holdings fiscal Q2 adjusted EPS beats analyst expectations, per LSEG data
The commercial and consumer banking services provider's adjusted net income for fiscal Q2 beats consensus
Nonperforming assets declined 11%, reflecting improved asset quality
Outlook
Company expects Q3 NIM TEY to rise in a range from static to an increase of four basis points
QCR Holdings reaffirms $50 mln to $60 mln capital markets revenue guidance for next four quarters
Company projects 8% to 10% gross loan growth in H2 2025
QCR Holdings expects Q3 noninterest expense between $52 mln and $55 mln
Result Drivers
NET INTEREST INCOME - Increased by $2.1 mln due to strong earning asset growth, expanded yield on loans and investments, and lower cost of funds
CAPITAL MARKETS REVENUE - Grew 51% linked-qtr, driven by improved low-income housing tax credit lending activity
LOAN GROWTH - Total loans and leases grew by $102.6 mln, driven by LIHTC and traditional lending businesses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $1.73 | $1.59 (5 Analysts) |
Q2 EPS | $1.71 | ||
Q2 Adjusted Net Income | Beat | $29.40 mln | $27.20 mln (5 Analysts) |
Q2 Net Income | $29 mln | ||
Q2 Net Interest Income | $62.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for QCR Holdings Inc is $88.00, about 14.4% above its July 22 closing price of $75.35
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNX6bWMl2
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)