# QCRH earnings call intelligence LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/QCRH) · [Earnings tab](https://www.lopjlb.com/stock/QCRH?tab=earnings) Updated: 2026-10-20T05:24:35 Quarters analyzed: 8 ## Cross-quarter narrative Across 8 calls for QCRH, management tone moved from +0.70 (2024 Q3) to +0.80 (2026 Q2). Latest guidance stance: maintained. Latest desk line: QCR Holdings posted strong Q2 2026 results with record GAAP EPS, robust loan growth and wealth management expansion, while navigating LIHTC transaction complexities and reaffirming guidance. ## Latest CallCard · Q2 QCR Holdings posted strong Q2 2026 results with record GAAP EPS, robust loan growth and wealth management expansion, while navigating LIHTC transaction complexities and reaffirming guidance. **Guidance:** maintained — Management reaffirmed gross loan growth of 10‑15% and capital markets revenue $60‑70M for the next four quarters. **Tone:** mgmt 0.8 · Q&A pressure 0.5 · divergence 0.3 We are pleased to report strong second quarter net income and record quarterly GAAP earnings per share, reflecting the continued strength of our diversified business model and the consistent execution of our strategy. ### Demand visibility Strong loan and LIHTC demand, robust wealth management growth. Robust loan production, rebound in capital markets revenue, 9% AUM growth, and continued demand for affordable housing underpin visibility. ### Margins / costs NIM pressure offset by deposit pricing discipline and funding mix. NIM TEY declined 3 bps, below guidance, but deposit cost declined 83 bps since 2024; shift to higher‑cost non‑core funding and lower loan yields adds pressure. ### Capital allocation Share repurchases and disciplined expense management. Returned $13.5M in Q2 and $56M YTD via share buybacks; non‑interest expense kept near guidance; continued investment in digital transformation. ### Milestones - **Second core conversion** [on_track]: Completed in April, part of digital transformation. - **LIHTC loan offtake transactions** [delivered]: $444M executed, including Freddie Mac securitization and construction loan sale. - **Alternative LIHTC loan sale structure** [at_risk]: Working with third parties, expected execution early 2027. - **Wealth management AUM growth** [on_track]: AUM up 9% and revenue +7% QoQ. - **Capital markets revenue Q2** [delivered]: $16.7M generated, 56% increase in WAC fee revenue. - **Asset growth beyond $10B** [new]: Targeting >$10B assets in 2027, preparing organizational impacts. ### Fears / risks - **Regulatory capital constraints**: Current asset threshold $10B; need to stay under to avoid additional capital requirements. - **LIHTC securitization complexity**: Freddie Mac program length grew from ~100 to >400 pages, raising legal and transaction costs. - **Funding mix volatility**: Shift to higher‑cost non‑core funding could pressure NIM. - **Interest rate sensitivity**: Each 25‑bp Fed rate move expected to change NIM TEY by ~1 bp and NII by ~$1M. - **M&A opportunity uncertainty**: M&A not a priority; limited pipeline may affect growth. - **Digital transformation execution risk**: Ongoing core conversion projects could encounter implementation challenges. - **Loan growth sustainability**: Growth depends on continued demand in traditional and LIHTC segments. - **Effective tax rate variability**: Tax rate expected 8‑10% Q3, could affect profitability. ### Key quotes > “We are pleased to report strong second quarter net income and record quarterly GAAP earnings per share, reflecting the continued strength of our diversified business model and the consistent execution of our strategy.” > “Our NIM TEY declined three basis points from the first quarter of 2026 and came in below our guidance range.” > “Our strike zone is very tight for M&A. We have incredible organic momentum growing EPS and TBV per share. The hurdle, the bar for M&A is pretty high because of our organic performance.” ## Quarter one-liners - **2026 Q2:** QCR Holdings posted strong Q2 2026 results with record GAAP EPS, robust loan growth and wealth management expansion, while navigating LIHTC transaction complexities and reaffirming guidance. - **2026 Q1:** QCR Holdings posted its most profitable Q1 ever, driven by loan and deposit growth, lower expenses, and progress on digital transformation, while reaffirming loan growth guidance and raising capital markets revenue outlook. - **2025 Q4:** — - **2025 Q3:** — - **2025 Q2:** QCR Holdings posted strong Q2 earnings with margin expansion, 8% loan growth and a durable LIHTC pipeline, reaffirmed guidance, highlighted a 2026 securitization and ongoing digital transformation while noting modest rate‑cut and legislative uncertainties. - **2025 Q1:** QCRH Q1 2025: EPS $1.53, NIM +1bp, deposits +20% annualized, loan growth modest (4% ex-M2 runoff), full-year loan guidance suspended, Q2 loan guidance 4-6%, capital markets revenue light on macro uncertainty, wealth management +14%, expenses -13%, asset quality strong, capital ratios rising, CEO tra - **2024 Q4:** QCR posted record earnings and strong loan growth in Q4 2024, but flags headwinds from expiring interest‑rate caps and higher long‑term rates that could compress margins and slow the LIHTC pipeline. - **2024 Q3:** QCR Holdings delivered strong Q3 earnings with net interest income growth, margin expansion and robust deposit growth, while reaffirming NIM guidance, advancing LIHTC securitizations and focusing on core deposits despite modest loan‑demand and expense pressures. ## Theme arcs - **Management tone** (stable): Δ mgmt=+0.10 ## Fear persistence - **interest rate risk** [recurring]: 2024 Q3, 2025 Q2 - **credit quality risk** [resolved]: 2024 Q3 - **expense pressure** [resolved]: 2024 Q3 - **durbin impact** [resolved]: 2024 Q3 - **securitization execution risk** [resolved]: 2024 Q3 - **liquidity risk** [resolved]: 2024 Q3 - **macro volatility** [resolved]: 2024 Q3 - **regulatory capital pressure** [resolved]: 2024 Q3 - **interest‑rate cap expiration** [resolved]: 2024 Q4 - **higher long‑term rates** [resolved]: 2024 Q4 ## Guidance path 2024 Q3:raised → 2024 Q4:maintained → 2025 Q1:lowered → 2025 Q2:maintained → 2025 Q3:vague → 2025 Q4:vague → 2026 Q1:maintained → 2026 Q2:maintained --- Research context only. Not personalized investment advice. API: `GET /bff/api/bigfive/earnings-intel/QCRH`