10-Q · May 8, 2026
QCR Holdings reported Q1 2026 results showcasing an EPS of $1.99, beating consensus expectations of $1.77, while revenue of $67.4 million significantly missed estimates of approximately $99.9 million, reflecting a…
Earnings analysis · 10-Q
QCRH earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
QCR Holdings delivered diluted EPS of $2.19, up $0.20 sequentially and $0.48 year over year, while revenue of $150.454 million increased from both comparison periods. The filing excerpt does not provide gross margin,…
Read full summary
QCR Holdings delivered diluted EPS of $2.19, up $0.20 sequentially and $0.48 year over year, while revenue of $150.454 million increased from both comparison periods. The filing excerpt does not provide gross margin, operating margin, free cash flow, segment revenue or new quantitative guidance. Interest-rate risk is the key balance-sheet concern: the company is moderately liability sensitive following a shift toward higher-beta deposits, although all disclosed scenarios remained within policy limits and management reported no material risk-factor changes.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.19
What stood out
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EPS improved sequentially and year over year
Diluted EPS was $2.19, up from $1.99 in Q1 2026 and $1.71 in Q2 2025, increases of $0.20 and $0.48, respectively.
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Revenue grew from both comparison periods
Revenue was $150.454 million, versus $143 million in Q1 2026 and $142 million in Q2 2025, increases of approximately 5.2% sequentially and 5.9% year over year.
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Net income and operating leverage improved
Net income increased to $36.3 million from $33.4 million in Q1 2026, supported by LIHTC capital-markets revenue and improved operating leverage.
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Interest-rate exposures stayed within limits
Interest-rate exposure remained within policy limits: June 30 exposure was 2.0% for a 300-basis-point downward shock, (1.0)% for a 200-basis-point upward shift and (3.4)% for a 300-basis-point upward shock, versus policy limits of 30.0%, 10.0% and 30.0%, respectively.
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No control deficiencies reported
Management concluded disclosure controls were effective as of June 30, 2026, and reported no significant changes in internal control over financial reporting.
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Share repurchases continued
The company repurchased 546,384 shares during the first six months of 2026, leaving 1,153,616 shares available under its 1,700,000-share authorization as of June 30.
What to watch
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Higher-beta funding raises rate sensitivity
The company stated that its balance sheet is now moderately liability sensitive because funding shifted from non-interest-bearing and lower-beta deposits to higher-beta deposits. A 200-basis-point upward parallel shift produced a (1.0)% year-one net-interest-income exposure at June 30, 2026.
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Rate sensitivity worsened versus year-end
Interest-rate exposure increased versus December 31, 2025 in the disclosed scenarios: the 300-basis-point upward shock was (3.4)% at June 30 versus (1.9)% at December 31, while the 300-basis-point downward shock was 2.0% versus 0.9%.
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Capital deployment reduces buyback capacity
The filing states there were no material changes to the risk factors from the December 31, 2025 Form 10-K; however, the company has repurchased 546,384 shares, leaving 1,153,616 shares under the authorization, which represents continuing capital deployment.
Management's outlook
The provided 10-Q excerpt contains no quantitative revenue or EPS outlook. The prior 8-K, rather than this filing, disclosed reaffirmed loan-growth and capital-markets outlooks and Q3 noninterest-expense guidance of $54 million-$57 million.
Earlier filings 4
10-K · February 27, 2026
QCR Holdings positions itself as a multi-bank regional commercial bank platform focused on five Midwest markets through four subsidiary banks (QCBT, CRBT, CSB and GB) and emphasizes net interest income, CRE lending…
10-Q · November 7, 2025
QCR reported a strong quarter by profitability measures: diluted EPS of $2.16 (Q3 2025) increased from $1.64 a year ago and net income was $36,714,000 vs $27,785,000 in Q3 2024. Net interest income and margin expanded…
10-Q · August 8, 2025
QCR Holdings reported Q2 2025 net income of $29.019M and diluted EPS of $1.71, roughly flat with Q2 2024 ($29.114M, $1.72) while net interest income increased to $62.082M. Noninterest income fell materially (to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.