QCR HOLDINGS INC QCRH
General. QCR Holdings, Inc. is a multi-bank holding company headquartered in Moline, Illinois, that was formed in February 1993 under the laws of the state of Delaware. In 2016, the Company elected to operate as a financial holding company under the BHCA. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities through the following four wholly-owned banking subsidiaries (collectively, the "Banks"), which provide full-service commercial and consumer banking and trust and asset management services:
● Quad City Bank & Trust ("QCBT"), which is based in Bettendorf, Iowa, and commenced operations in 1994;
● Cedar Rapids Bank & Trust ("CRBT"), which is based in Cedar Rapids, Iowa, and commenced operations in 2001;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $489.4M | $481.9M | $413.4M | $292.6M | $300.6M | $312.2M | $294.8M | $224.4M | $166.0M | $137.5M |
| Interest expense | $255.2M | $231.8M | $221.0M | $231.1M | $21.9M | $31.4M | $60.5M | $40.5M | $19.5M | $12.0M |
| Pre-tax income | $135.9M | $122.6M | $126.6M | $113.5M | $121.5M | $73.3M | $72.0M | $52.1M | $40.7M | $36.6M |
| Income tax | $8.7M | $8.7M | $13.1M | $14.5M | $22.6M | $12.7M | $14.6M | $9.0M | $4.9M | $8.9M |
| Net income | $127.2M | $113.8M | $113.6M | $99.1M | $98.9M | $60.6M | $57.4M | $43.1M | $35.7M | $27.7M |
| EPS, basic | 7.54 | 6.77 | 6.79 | 5.94 | 6.30 | 3.84 | 3.65 | 2.92 | 2.68 | 2.20 |
| EPS, diluted | 7.49 | 6.71 | 6.73 | 5.87 | 6.20 | 3.80 | 3.60 | 2.86 | 2.61 | 2.17 |
| Shares, diluted (wtd. avg.) | $17.0M | $17.0M | $16.9M | $16.9M | $15.9M | $16.0M | $16.0M | $15.1M | $13.7M | $12.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $76.5M | $91.7M | $97.1M | $59.7M | $37.5M | $61.3M | $76.3M | $85.5M | $75.7M | $70.6M |
| Property, plant and equipment | $215.4M | $159.2M | $123.3M | $117.9M | $78.5M | $72.7M | $73.9M | $75.6M | $62.8M | $60.6M |
| Goodwill | $138.6M | $138.6M | $139.0M | $137.6M | $74.1M | $74.1M | $74.7M | $77.8M | $28.3M | $13.1M |
| Other intangibles | $8.1M | $11.1M | $13.8M | $16.8M | $9.3M | $11.4M | $15.0M | $17.4M | $9.1M | $7.4M |
| Total assets | $9.58B | $9.03B | $8.54B | $7.95B | $6.10B | $5.71B | $4.91B | $4.95B | $3.98B | $3.30B |
| Short-term debt | $2.6M | $1.8M | $1.5M | $129.6M | $3.8M | $5.4M | $13.4M | $28.8M | — | — |
| Total current liabilities | — | — | — | — | — | — | $15.0M | — | — | — |
| Total liabilities | $8.46B | $8.03B | $7.65B | $7.18B | $5.42B | $5.11B | $4.37B | $4.48B | $3.63B | $3.02B |
| Retained earnings | $773.4M | $665.2M | $555.0M | $450.1M | $386.1M | $300.8M | $245.8M | $192.2M | $152.0M | $118.6M |
| Total equity | $1.11B | $997.4M | $886.6M | $772.7M | $677.0M | $593.8M | $535.4M | $473.1M | $353.3M | $286.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $421.5M | $444.5M | $376.3M | $118.7M | $88.2M | $112.2M | $76.5M | $64.3M | $33.7M | $43.4M |
| Depreciation and amortisation | $9.3M | $8.5M | $8.7M | $7.7M | $5.4M | $5.3M | $5.2M | $4.5M | $3.9M | $3.4M |
| Stock-based compensation | $3.2M | $2.8M | $2.7M | $2.4M | $2.4M | $2.1M | $2.5M | $1.4M | $1.2M | $947.2K |
| Capital expenditure | $67.4M | $44.5M | $14.9M | $33.3M | $14.0M | $4.3M | $12.4M | $11.5M | $5.8M | $6.0M |
| Investing cash flow | -$854.7M | -$845.2M | -$749.3M | -$634.7M | -$411.8M | -$704.5M | -$308.7M | -$333.6M | -$410.5M | -$169.0M |
| Financing cash flow | $417.9M | $395.3M | $410.3M | $538.2M | $299.7M | $577.4M | $222.9M | $279.2M | $382.0M | $154.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-002356.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |