QCR Holdings, Inc. (QCRH) Financial Statements (2024 and earlier)

Company Profile

Business Address 3551 7TH STREET
MOLINE, IL 61265
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127,083112,782147,925224,14585,52375,722
Cash and cash equivalents127,083112,782147,925224,14585,52375,722
Total current assets:127,083112,782147,925224,14585,52375,722
Noncurrent Assets
Operating lease, right-of-use asset 3,000 1,7001,900
Property, plant and equipment117,94878,53072,69373,85975,58262,838
Long-term investments and receivables      930
Long-term investments      930
Intangible assets, net (including goodwill)154,36683,41585,44789,71895,28237,413
Goodwill137,60774,06674,06674,74877,83228,334
Intangible assets, net (excluding goodwill)16,7599,34911,38114,97017,4509,079
Regulated entity, other noncurrent assets 2,3381,1501,3091,600  
Total noncurrent assets:277,652163,095161,149167,077170,864101,181
Other undisclosed assets7,544,1025,820,2555,373,7234,517,8284,693,3233,805,762
TOTAL ASSETS:7,948,8376,096,1325,682,7974,909,0504,949,7103,982,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt129,6303,8005,43013,42328,774204,393
Other undisclosed current liabilities    1,577  
Total current liabilities:129,6303,8005,43015,00028,774204,393
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    4,358,699  
Total noncurrent liabilities:    4,358,699  
Other undisclosed liabilities7,046,4835,415,3225,083,574 4,447,7983,424,985
Total liabilities:7,176,1135,419,1225,089,0044,373,6994,476,5723,629,378
Equity
Equity, attributable to parent, including:772,724677,010593,793535,351473,138353,287
Common stock16,79615,61315,80615,82815,71813,918
Additional paid in capital370,712273,768275,807274,785270,761189,078
Accumulated other comprehensive income (loss)(64,898)1,5521,376(1,098)(4,267)(1,671)
Retained earnings450,114386,077300,804245,836192,203151,963
Other undisclosed equity, attributable to parent     (1,276) 
Total equity:772,724677,010593,793535,351473,138353,287
TOTAL LIABILITIES AND EQUITY:7,948,8376,096,1325,682,7974,909,0504,949,7103,982,665

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues373,300300,577312,171294,844224,420166,000
Net investment income292,571200,155198,373216,076182,879135,517
Cost of revenue(8,284)(3,486)(55,704)(7,066)(12,658)(8,470)
Provision for loan, lease, and other losses(8,284)(3,486)(55,704)(7,066)(12,658)
Financial services costs(8,470)
Gross profit:365,016297,091256,467287,778211,762157,530
Operating expenses(20,375)(6,910)(6,123)(13,396)(9,126)(64,726)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,3726,3084,8145,4293,8493,266
Operating income:346,013296,489255,158279,811206,48596,070
Nonoperating income (expense)(226)(335)(270)12,250(206)32
Investment income, nonoperating   (158)12,286  
Bank owned life insurance income2,0561,8381,9041,9731,6321,802
Other nonoperating expense(2,282)(2,173)(2,016)(2,009)(1,838)(1,771)
Interest and debt expense(61,451)(21,922)(35,330)(60,953)(40,484)(19,452)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (146,269)(159,081)(113,661)(35,996)
Income from continuing operations before equity method investments, income taxes:284,336274,23273,28972,02752,13540,653
Other undisclosed loss from continuing operations before income taxes(170,787)(152,765)    
Income from continuing operations before income taxes:113,549121,46773,28972,02752,13540,653
Income tax expense(14,483)(22,562)(12,707)(14,619)(9,015)(4,946)
Income from continuing operations:99,06698,90560,58257,40843,12035,707
Income before gain (loss) on sale of properties:98,90560,58257,40843,12035,707
Net income available to common stockholders, diluted:99,06698,90560,58257,40843,12035,707

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:99,06698,90560,58257,40843,12035,707
Other comprehensive income (loss)(44,384)(54)(3,311)(5,879)4,206(668)
Comprehensive income:54,68298,85157,27151,52947,32535,038
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(22,066)2305,78510,325(7,411)1,760
Comprehensive income, net of tax, attributable to parent:32,61699,08163,05661,85439,91436,799

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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