Overview

• U.S. regional bank's Q1 adjusted EPS rose, beating analyst expectations

• Adjusted net income for Q1 beat analyst expectations

• Company repurchased 247,289 shares during the quarter

Outlook

• QCR Holdings reaffirms 2026 gross loan growth guidance of 10% to 15% annualized

• Company raises capital markets revenue guidance to $60 mln-$70 mln over next four qtrs

• QCR Holdings expects Q2 noninterest expense of $55 mln-$58 mln

Result Drivers

• LOAN AND DEPOSIT GROWTH - Q1 results benefited from healthy loan growth in both LIHTC and traditional lending, and robust core deposit growth, per CEO Todd Gipple

• EXPENSE REDUCTION - Noninterest expense fell 17% from the prior quarter, mainly due to lower variable compensation and timing of digital transformation investments, per CFO Nick Anderson

• MARGIN EXPANSION - Margin improved as robust deposit growth allowed reduction in higher-cost funding, though late-quarter loan growth limited full benefit, per CFO Nick Anderson

Company press release: ID:nGNX7wtl4d

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Adjusted EPS	Beat	$1.99	$1.80 (5 Analysts)
Q1 EPS		$1.99
Q1 Adjusted Net Income	Beat	$33.40 mln	$30.36 mln (5 Analysts)
Q1 Net Income		$33.40 mln
Q1 Net Interest Income		$67.40 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for QCR Holdings Inc is $103.00, about 13.9% above its April 21 closing price of $90.43

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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