QCR (QCRH) Q4 2025 earnings summary

Executive summary

• Achieved record adjusted net income of $37.3M ($2.21/share) for Q4 2025 and $129.6M ($7.64/share) for the full year, with robust performance in traditional banking, wealth management, and LIHTC lending.

• Midwest-based bank holding company with $9.6B in assets, operating 36 locations across three states and over 1,000 employees, leveraging a relationship-driven, multi-charter model.

• Delivered top-quartile financial results, driven by organic growth in traditional banking, wealth management, and LIHTC lending, supported by digital transformation.

• Wealth management added nearly 500 new client relationships and over $1B in new AUM, with a 10% five-year CAGR in both AUM and revenue.

• LIHTC lending platform expanded, with 18 new developer partners and a successful $285M construction loan sale, enhancing capital flexibility and supporting future growth.

Financial highlights

• Adjusted net income reached $37.3M ($2.21/share) for Q4 and $129.6M ($7.64/share) for the year, with a 15.4% CAGR in adjusted net income from 2020-2025.

• Net interest income for Q4 2025 was $68.4M, up $3.6M (22% annualized) from Q3, driven by NIM expansion and loan growth.

• Noninterest income for Q4 2025 was $38.7M, with $24.5M from capital markets revenue; full-year capital markets revenue was $65M, exceeding guidance.

• Wealth management revenue grew 11% year-over-year, reaching $5.3M in Q4.

• Tangible book value per share increased by $2.08 in Q4 to $58, a 15% annualized increase; five-year CAGR of 13%.

Outlook and guidance

• Capital markets revenue guidance raised to $55M–$70M for the next four quarters.

• Q1 2026 loan growth expected at 8%–10% annualized, ramping to 10%–15% for the remainder of the year.

• Noninterest expense guidance for Q1 2026 set at $55M–$58M, reflecting continued investment in digital transformation and infrastructure.

• NIM TEY expected to increase 3–7 basis points in Q1 2026, assuming no Fed rate cuts.

• Effective tax rate expected to remain in the 8%–10% range for Q1 2026.