Q1 2025 QCR Holdings Inc Earnings Call Transcript
Key Points
- QCR Holdings Inc (QCRH) experienced robust deposit growth with a 20% annualized increase, enhancing liquidity and reducing reliance on wholesale funding.
- The company reported strong performance in its wealth management business, with a 14% annualized revenue growth driven by new client accounts and assets under management.
- QCR Holdings Inc (QCRH) maintained excellent asset quality, with non-performing assets remaining well below historic averages and a decrease in total criticized loan balances.
- The company's tangible book value per share increased significantly, growing by 11% annualized for the quarter.
- QCR Holdings Inc (QCRH) demonstrated disciplined expense management, with non-interest expenses decreasing by 13% due to lower capital markets revenue and variable compensation.
- The company suspended its full-year loan growth guidance due to heightened economic uncertainty, projecting only a 4% to 6% annualized growth rate for the second quarter.
- Macroeconomic uncertainty affected the LIHTC lending business, causing project delays and resulting in lower capital markets revenue for the first quarter.
- Net interest income decreased by $1 million from the fourth quarter, although it grew slightly when adjusted for fewer days in the quarter.
- The provision for credit losses was $4 million for the quarter, a decrease from the prior quarter, but net charge-offs increased by $825,000.
- QCR Holdings Inc (QCRH) faces challenges from potential tariff impacts on clients, although the direct exposure is limited to a few companies.
Greetings and welcome to the QCR Holdings Inc. earnings conference call for the first quarter of 2025. Yesterday after market closed, the company distributed its first-quarter earnings press release.
If there is anyone on the call who has not received a copy, you may access it on the company's website at www.qrh.com. With us today from management are Larry Helling, CEO; and Todd Gipple, President and CFO. Management will provide a summary of the financial results, and then we'll open up the call for questions from analysts.
Before we begin, I would like to remind everyone that some of the information management will be providing today falls under the guidelines of forward-looking statements as defined by the Securities and Exchange Commission.
As part of these guidelines, any statements made during this call concerning the company's hopes, beliefs and expectations and predictions of the future of forward-looking statements and actual results could differ materially from those projected.
Additional information
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
