- QCR Holdings press release ( NASDAQ: QCRH ): Q2 Non-GAAP EPS of $1.73 beats by $0.34 .
- Revenue of $82.18M (+30.8% Y/Y) misses by $1.97M .
- Completed the acquisition of Guaranty Federal Bancshares, Inc. adding approximately $1.3 billion in assets, $808 million in loans and $1.1 billion in deposits
- Acquisition/Post-acquisition related expenses and CECL Day 2 provision totaled $15.5 million, post-tax, or $0.88 per diluted share
- Net Interest Margin (“NIM”) of 3.53% and Adjusted NIM (TEY)(non-GAAP) of 3.74% expanded significantly from the prior quarter by 23 and 24 basis points, respectively
- Capital Markets Revenue from Swap Fees of $13.0 million doubled from the first quarter of 2022
- Annualized loan and lease growth of 14.0% for the quarter, excluding loan balances acquired from the Guaranty Bank transaction and SBA Paycheck Protection Program (“PPP”) loans (non-GAAP)
- Repurchased 602,500 shares at an average price of $54.80 per share.
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QCR Holdings Non-GAAP EPS of $1.73 beats by $0.34, revenue of $82.18M misses by $1.97M