QCR Holdings Full Year 2024 Earnings: Revenues Disappoint

QCR Holdings (NASDAQ:QCRH) Full Year 2024 Results

Key Financial Results

• Revenue: US$330.2m (down 2.1% from FY 2023).
• Net income: US$113.9m (flat on FY 2023).
• Profit margin: 35% (in line with FY 2023).
• EPS: US$6.77.

QCRH Banking Performance Indicators

• Non-performing loans: 0.65% (up from 0.50% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

QCR Holdings Revenues Disappoint

Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on QCR Holdings' balance sheet.

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