QCR Holdings Q2 adjusted EPS beats estimates driven by capital markets

QCR Holdings, Inc.

QCR Holdings, Inc.

QCRH

0.00


Overview

  • U.S. multi-bank operator's Q2 adjusted EPS rose 28% yr/yr, beating analyst expectations

  • Q2 adjusted net income beat analyst expectations

  • Company repurchased 149,639 shares for $13.5 mln during the quarter


Outlook

  • QCR Holdings reaffirms gross loan growth guidance of 10% to 15% annualized for H2 2026

  • Company maintains capital markets revenue guidance of $60 mln to $70 mln over next four qtrs

  • QCR Holdings lowers Q3 2026 noninterest expense guidance to $54 mln to $57 mln


Result Drivers

  • LOAN GROWTH - Strong loan production, especially in LIHTC and traditional lending, contributed to higher net interest income, per CEO Todd Gipple

  • CAPITAL MARKETS REVENUE - Significant increase in capital markets revenue from LIHTC loan production, up 69% yr/yr, partially offset by a loss on a Freddie Mac securitization

  • WEALTH MANAGEMENT GROWTH - Wealth management revenue rose 7% and assets under management increased 9% on a linked-quarter basis, driven by market performance and new client relationships


Company press release: ID:nGNX4WSZnT


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted EPS

Beat

$2.19

$1.91 (5 Analysts)

Q2 EPS

$2.19

Q2 Adjusted Net Income

Beat

$36.30 mln

$32.30 mln (5 Analysts)

Q2 Net Income

$36.30 mln

Q2 Net Interest Income

$67.90 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 $102.00, about 4.7% above its July 21 closing price of $97.45

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • July 21 - Bridgewater Bancshares Q2 adjusted EPS meets estimates as net interest income rises on loan growth

  • July 20 - ServisFirst Bancshares Q2 EPS rises 40% on loan growth, higher net interest margin

  • July 21 - First Financial Bancorp Q2 adjusted EPS hits record on loan growth


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