On this page of StockholderLetter.com we present the latest annual shareholder letter from QCR HOLDINGS INC — ticker symbol QCRH. Reading current and past QCRH letters to shareholders can bring important insights into the investment thesis.

 •  4/10/2025 Letter Continued (Full PDF)
 •  4/5/2024 QCRH Stockholder Letter
 •  More "Banking & Savings" Category Stockholder Letters
 •  QCRH Benford's Law Stock Score = 87

QCRH Shareholder/Stockholder Letter Transcript:

2024
ANNUAL REPORT
QCR
HOLDINGS, INC.

2024 Annual Report
A MESSAGE
FROM THE CHAIR OF THE BOARD
On behalf of the entire Board of Directors, I am proud to
bring you this year's Annual Report.
Passion, achievement, accountability,
collaboration, innovation, and inclusion are at
the core of our business decisions every day,
whether those decisions are related to our
employees, our clients, our communities, or
our shareholders.
This approach has resulted in another
record year of earnings, $2.2 million in
sponsorships and donations supporting
our local nonprofits, over 25,000 volunteer
hours in our communities, and an employee
engagement score of 78% with an impressive
94% participation rate.
No one better represents OCR Holdings, Inc.
values than our CEO, Larry Helling, who will be
retiring in May. I've had the privilege to work
with Larry for nearly 20 years and have seen
his commitment to the company's positive
outcomes for all our stakeholders. His vision
has positioned QCR Holdings for outstanding
and sustainable financial performance
We wish Larry a happy retirement, and we are
confident that his successor, Todd Gipple, will
bring continued success for QCR Holdings, Inc.
and our shareholders.
MARIE Z ZIEGLER
Chair of the Board, QCR Holdings, Inc.
Thank you for your support,
and we look forward to another
rewarding year in 2025.
I

  I
2024 Annual Report
OCR Holdings, Inc.
STRATEGY, VISION, AND SUSTAINABILITY
A Message from our CEO and President
Key strategic decisions, paired with a clear vision for the future, have paved our
company's path toward sustainable financial performance. Focusing on 9% loan
growth-funded with new core deposits-6% growth in fee income, and 5% expense
growth (9-6-5) has allowed us to achieve top-quartile financial performance.
Chief Executive Officer,
QCR Holdings, Inc.

TODDA. GIPPLE
President and Chief Financial Officer,
QCR Holdings, Inc.
Our employees are deeply engaged
and genuinely care about their clients
and communities. As we've learned from
experience, w hen our employees are
engaged, we exceed client expectations
and strengthen our communities- leading
to sustainable financial performance. This,
in turn, allows us to invest in top talent and
cutting -edge technology to build the bank
of the future while delivering value to our
shareholders.
We have been honored to guide our
compan y as a team since 2019. As Todd
steps in as CEO and Larry transitions
to ret irement, we remain dedicated to
delivering sustained top-quartile financial
performance and ensuring your investment
in our institution is rewarded.
Thank you for the confidence you have
placed in us.
I
FINANCIAL HIGHLIGHTS
Strong Core Deposit Growth
Asset Quality Remains
2024 Brought Significant
and Increased Liquidity
Excellent
Loan Growth
Total core deposits grew
At the end of 2024, the rati o
Prior to loan securitizations of
$474 million or 8% from the
of NPAs to total assets was
$387 Million, the Company's
prior year, outpacing net
.50%, which is well b elow the
total loans and leases grew
loan growth and increasing
Company's historical 20 year
$628 Million, or 10% from the
immediate liquidity.
average.
prior year.
$119 Million
$]1 Million
Record Adjusted
Annual Net Income
Capital Markets
Revenue
1.35%
Adjusted Return
on Average Asset
10%
Loan Growth Prior
to Securitizations
Adjusted Return
on Average Equity
8%
$7.03
Core Deposit
Growth
Adjusted Diluted
Earnings Per Share
Increase in Tangible Book
Value Per Share

  I
OCR Holdings, Inc.
2024 Annual Report
Adjusted Earnings Per Share
FINANCIAL
Gross Loans/Leases
Total Deposits
(billi ons)
(billi ons)
$8
,a.o
,a.o
$6
$6.0
$6.0
$4
$4.0
HIGHLIGHTS
Earnings Per Share
Compound Annual
Growth Rate
1 50/
/0
$2
$0
I
2020
2021
12.0
so
2022
2023
2024
II
2020
2021
$4
12.0
so
2022"'
2023
   BenefittedfromtheGuarantyBankacquisition.
Summary of Financial Results (   ,ocsands)
Ad1usted Non-GAAP
2020
2021
2022
2023
2024
Ill
2020
2024
2021
2022   
2023
2024
   BenefittedfrcmtheGuarantyBankacquisition.
Tangible Book Value and
Fair Market Value
Adjusted ROAA
    TANGIBlEBOOKVA WE PERCOMMOHSHARE
    FAI RMARKETVAWE
$90
Net interest income
$166,950
$178,233
$231 ,120
$221 ,006
231 ,788
Provision for credit losses
($55,704)
($3,486)
$4,110
($16,539)
($17,098)
Non-interest income
$111 ,580
$100,303
$78,754
$1 34,397
$119,864
($146,304)
($152,136)
($180,775)
($210,324)
($205,257)
$76, 522
$122,914
$133,209
$128,540
$129,297
($13,281)
($22,866)
($18,348)
($13,465)
($10,047)
$60
Non-interest expense
Net income before taxes
Income taxes
1%
$30
$0
$0
2020
Net income
$63,241
$100,048
$114,861
$115,075
$119,250
2021
2022
2023
2024
I
2020
2021
2022
2023
2024


2024 Annual Report
I   
OUR RESPONSIBILITIES
We believe in using resources responsibly, fostering a culture of inclusion for
our clients and employees, supporting our communities, and governing our
business practices with integrity. We put these beliefs into practice through
volunteer hours, sponsorships, and community investments and loans.
MISSION: We make financial dreams a reality.
Non-Profits Supported
Through Volunteering,
Donations, or Community
Development Loans
VISION: Exceptional people providing extraordinary
performance for our clients, shareholders, and communities.
VALUES:
1,530
25,895
Passion - We care.
Employee
Volunteer hours
Achievement-We expect to win .
Accountability - We drive it.
s94 Million
Inclusion - We respect all.
Financial Literacy
Volunteer Hours
Investments
CRA-Eligible
Collaboration - We work together.
Innovation - We embrace change.
in Sponsorships
and Donations
QCR
HOLDINGS, INC.
$695Million
Loans
CRA-Eligible
823
Employee
Volunteers



 4/10/2025 Letter Continued (Full PDF)