QCR (QCRH) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $36.3 million, up from $33.4 million in Q1 2026 and $29.0 million in Q2 2025, with diluted EPS of $2.19, a 28% year-over-year increase in EPS.

• Strong return on average assets at 1.51% and record GAAP EPS, supported by robust loan production, capital markets revenue rebound, and higher net interest income.

• Wealth management assets under management rose 9% and revenue increased 7% sequentially.

• Asset quality improved, with criticized loans at the lowest level since Q4 2019.

• Tangible book value per share grew $2.17, or 15% annualized, on a linked-quarter basis.

Financial highlights

• Net interest income for Q2 2026 was $67.9 million, up 3% annualized from Q1 2026.

• Noninterest income reached $29.4 million, up from $23.0 million in Q1 2026.

• Capital markets revenue from LIHTC loan production was $16.7 million, up 69% year-over-year.

• Noninterest expense was $53.2 million, up $1.0 million sequentially, mainly due to higher salaries and digital transformation costs.

• Efficiency ratio improved by 310 basis points to 54.6%.

Outlook and guidance

• Gross loan growth guidance reaffirmed at 10% to 15% annualized for the remainder of 2026.

• Capital markets revenue guidance reaffirmed at $60–$70 million over the next four quarters.

• Noninterest expense guidance for Q3 2026 lowered to $54–$57 million, with annual noninterest expense growth targeted below 5%.

• Expectation for relatively static NIM TEY in Q3 2026, assuming no Fed rate changes.