QCRH · QCR Holdings, Inc.

QCR Holdings delivered record Q1 2026 net income of $33.4 million, or $1.99 diluted EPS, up 31% YoY, with ROAA at 1.40%. Strong performance stemmed from 12% YoY net interest income growth to $67.4 million, supported by robust core deposit expansion of $409 million (23% annualized) enabling a 22 bps cost of funds reduction, though offset by lower earning asset yields. NIM TEY held steady at 3.58%, with Q2 guidance for flat to +3 bps. Noninterest income fell to $23 million from Q4's $38.7 million due to seasonal capital markets revenue of $10.7 million, but wealth management rose 3% QoQ. Expenses dropped sharply 17% linked-quarter to $52.1 million, driven by $5.5 million lower variable compensation and timing of digital investments, with Q2 outlook at $55-58 million. Loan growth of $145 million (8% annualized ex-m2 runoff) reflected LIHTC and traditional lending, with $522.9 million earmarked for Q2 securitizations/sales to recycle capital and boost revenue; gross loan growth guidance reaffirmed at 10-15% annualized. Asset quality stayed excellent with NPAs at 0.45% of assets, provision down to $2.5 million. TBV per share grew $1.33 (9% annualized), bolstered by earnings despite $20.8 million share repurchases of 247k shares at $84.28. Management highlighted operating leverage, digital transformation, and 9/6/5 model targeting <5% annual expense growth.