QCR (QCRH) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 net income of $33.4 million and diluted EPS of $1.99, up 31% year-over-year, driven by strong loan and deposit growth, lower noninterest expense, and modest margin expansion.

• Midwest-based bank holding company with $9.6B in assets and $7.0B in wealth management AUM as of 3/31/26.

• Maintained excellent asset quality, grew tangible book value per share, and returned capital via share repurchases.

• Consistent top-tier financial performance, outperforming peers in ROAA, EPS, and tangible book value growth.

• Continued investments in digital transformation and strong performance in traditional banking and wealth management offset lower capital markets revenue.

Financial highlights

• Net income of $33.4 million, or $1.99 per diluted share, with EPS up 31% year-over-year and ROAA of 1.40%.

• Net interest income was $67.4 million, up 12% year-over-year, with NIM at 3.17% and NIM TEY at 3.58%.

• Noninterest income totaled $23 million, including $10.7 million from capital markets and $5 million from wealth management.

• Noninterest expense was $52.1 million, down 17% sequentially, resulting in an adjusted core efficiency ratio of 57.7%.

• Tangible book value per share rose $1.33 to $59.18, a 9% annualized increase.

Outlook and guidance

• Reaffirmed gross annualized loan growth guidance of 10%-15% for the remainder of 2026.

• Increased lower end of capital markets revenue guidance by $5 million, now targeting $60 million-$70 million for the next four quarters.

• Second quarter NIM TEY expected to be static to up 3 basis points, assuming no Fed rate changes.

• Noninterest expenses for Q2 guided to $55 million-$58 million.

• Well-positioned to benefit from future interest rate cuts and continued loan repricing.