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MOLINE, Ill. - QCR Holdings , Inc. (NASDAQ:QCRH) has declared a cash dividend of $0.06 per share, to be paid on April 3, 2025, for shareholders on record as of March 19, 2025. This financial event was announced by the multi-bank holding company’s Board of Directors on Monday. According to InvestingPro data, the company has maintained dividend payments for 23 consecutive years, demonstrating a strong commitment to shareholder returns.
QCR Holdings, a company with a focus on community banking, operates through its subsidiary banks in various regions including the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield. The organization’s banking services cater to both commercial and consumer segments, also offering trust and wealth management services. With a market capitalization of $1.3 billion and an overall "GOOD" Financial Health score from InvestingPro, the company maintains a solid position in its market segments.
The company, which started operations with Quad City Bank & Trust Company in 1994, has expanded over the years through acquisitions and organic growth. Cedar Rapids Bank & Trust Company began in 2001, Community State Bank was acquired in 2016, and Guaranty Bank joined the company in 2018.
With a network of 36 locations across Iowa, Missouri, Wisconsin, and Illinois, QCR Holdings reported assets totaling $9.0 billion, loans of $6.8 billion, and deposits amounting to $7.1 billion as of December 31, 2024.
The dividend declaration reflects the company’s ongoing commitment to providing value to its shareholders and is part of its regular financial activities. The announcement is based on a press release statement from QCR Holdings, Inc.
In other recent news, QCR Holdings reported its fourth-quarter 2024 earnings, which exceeded expectations with an earnings per share (EPS) of $1.93, surpassing the forecast of $1.67. However, the company’s revenue for the quarter fell short, coming in at $91.83 million compared to the anticipated $96.57 million. Despite this revenue miss, QCR Holdings achieved record full-year net income of $114 million, or $6.71 per diluted share. The company’s net interest income increased by 5%, amounting to an $11 million growth. Looking ahead, QCR Holdings plans a LiTec loan securitization in late 2025 and aims for an 8-10% loan growth target for the year. Analysts from firms like KBW have noted the company’s cautious approach to capital allocation, with no immediate plans for mergers or share buybacks. The company also projects a static to slightly increased net interest margin for the first quarter of 2025.
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