QCRH Stock: Insider Activity, Filings & Research
QCR Holdings, Inc. (QCRH) — Drillr’s hub for QCRH insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, QCRH insiders filed 1 open-market buy and 2 sales (SEC Form 4).
QCRH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 30, 2026 | Klein James D.officer: President, CRBT | Sell | 310 | $91.00 |
| Apr 24, 2026 | Reasner Amy Ldirector | Buy | 100 | $88.35 |
| Apr 8, 2026 | Field James Matthewdirector | Grant | 387 | $87.99 |
| Mar 12, 2026 | Klein James D.officer: President, CRBT | Sell | 554 | $82.50 |
| Mar 4, 2026 | Lee Nicole Aofficer: EVP, Chief HR Officer | Option | 202 | $75.04 |
| Mar 4, 2026 | Lee Nicole Aofficer: EVP, Chief HR Officer | Option | 146 | $75.04 |
| Mar 4, 2026 | McNew Monte Cofficer: President & CEO, GBank | Option | 179 | $75.04 |
| Mar 4, 2026 | GIPPLE TODD Adirector, officer: President & CFO | Option | 0 | $75.04 |
| Mar 4, 2026 | Ekizian Laura Lofficer: President & CEO, QCBT | Option | 68 | $75.04 |
| Mar 4, 2026 | McNew Monte Cofficer: President & CEO, GBank | Option | 128 | $75.04 |
| Mar 4, 2026 | Ekizian Laura Lofficer: President & CEO, QCBT | Option | 93 | $75.04 |
| Mar 4, 2026 | GIPPLE TODD Adirector, officer: President & CFO | Option | 669 | $75.04 |
| Mar 4, 2026 | Klein James D.officer: President, CRBT | Option | 161 | $75.04 |
| Mar 4, 2026 | Klein James D.officer: President, CRBT | Option | 116 | $75.04 |
| Mar 4, 2026 | Gibson Kurt Aofficer: CEO, CSB | Option | 158 | $75.04 |
Source: QCRH SEC Form 4 filings, latest Apr 30, 2026. For informational purposes only — not investment advice.
QCR Holdings, Inc. company profile
Overview
QCR Holdings, Inc. (NASDAQ:QCRH) is a multi-bank holding company founded in 1993 and headquartered in Moline, Illinois. The company operates through a network of community banks serving the Midwest region, including the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities. QCR has grown both organically and through strategic acquisitions, including the 2022 acquisition of Guaranty Bank, and has evolved from a traditional community bank into a specialized financial services provider with distinctive expertise in Low-Income Housing Tax Credit (LIHTC) lending and capital markets activities.
Business
QCR Holdings operates in the regional banking sector, providing a comprehensive suite of commercial and consumer banking services alongside specialized financial products. The company's business is structured around several key segments that generate distinct revenue streams. **Traditional Banking Operations** represent the core foundation, encompassing standard commercial and retail banking services. This includes accepting various types of deposits (noninterest-bearing demand accounts, interest-bearing demand accounts, time deposits, and brokered deposits) and providing lending services to small and mid-sized businesses, individuals, and government agencies. The loan portfolio includes business lines of credit for working capital, term loans for equipment and facility acquisition, commercial and residential real estate loans, and consumer installment loans such as home improvement, home equity, motor vehicle, and personal credit lines. **Capital Markets Division** has become a significant revenue generator, producing approximately $71 million in annual revenue as of 2024. This division specializes in Low-Income Housing Tax Credit (LIHTC) lending, which involves financing affordable housing developments that qualify for federal tax credits. LIHTC lending is a complex specialty finance area where banks provide construction and permanent financing for affordable housing projects, then often securitize these loans to manage balance sheet capacity and regulatory capital requirements. The division also engages in interest rate swap services for commercial clients seeking to manage interest rate risk. **Wealth Management Services** provide trust and asset management services, generating growing fee income through investment advisory services, trust administration, and estate planning. This segment has shown consistent growth, with revenues increasing 15% in 2024 and assets under management expanding 20%. **Equipment Finance Operations** historically provided leasing services for machinery and equipment to commercial and industrial businesses, though the company discontinued originating new loans in this segment during 2024 as part of strategic refocusing efforts.
Revenue model
QCR Holdings generates revenue through multiple complementary business models typical of regional banking institutions, with some distinctive specialized components. **Net Interest Income** forms the primary revenue source, earned through the traditional banking spread between interest paid on deposits and interest earned on loans and securities. The company benefits from a diversified loan portfolio and has maintained disciplined deposit pricing, achieving net interest margins that have expanded in recent periods due to asset repricing in a higher rate environment. **Fee-Based Revenue** provides important diversification and includes several streams. Capital markets activities generate substantial swap fee income (targeting $50-60 million annually) from helping commercial clients hedge interest rate risk. The LIHTC lending business produces both interest income and fee income from loan origination and securitization activities. Wealth management services generate recurring fee income based on assets under management and trust services. **Securitization Activities** represent a sophisticated revenue model where QCR originates LIHTC loans, holds them temporarily, then packages and sells them to investors while retaining servicing rights. This approach allows the bank to generate origination fees, earn interest during the holding period, realize gains on sale, and collect ongoing servicing income while managing regulatory capital efficiently. Several factors influence QCR's profitability margins. **Interest rate environment** significantly impacts net interest margins, with the company positioned as slightly liability-sensitive, benefiting from potential rate cuts through reduced deposit costs. **Credit quality** affects provision expenses, though QCR has maintained historically low charge-off rates. **Regulatory compliance costs** increase as the bank approaches $10 billion in assets, triggering additional regulatory requirements. **Competition for deposits** in their Midwest markets affects funding costs, while **economic conditions** in their geographic footprint influence loan demand and credit performance. The specialized nature of LIHTC lending provides some competitive insulation but also creates concentration risk and dependence on federal tax credit programs.
Competitive moat
QCR Holdings possesses a moderate competitive moat built primarily around specialized expertise and geographic market position, though this moat faces several limitations and potential disruptions. The company's **strongest competitive advantage** lies in its Low-Income Housing Tax Credit (LIHTC) lending expertise, a highly specialized and complex area of finance that requires deep technical knowledge of federal tax credit programs, affordable housing development, and securitization markets. This specialization creates barriers to entry for competitors and has allowed QCR to build a national reputation and client base in this niche, generating substantial fee income and providing geographic diversification beyond their traditional Midwest footprint. **Local market relationships** provide another layer of competitive protection in QCR's community banking operations. The company's multi-charter approach allows local management teams to maintain deep community ties and make lending decisions with intimate knowledge of local market conditions. This relationship-based banking model creates switching costs for small and medium-sized business customers who value personalized service and local decision-making authority. However, QCR's moat has notable **vulnerabilities**. The LIHTC business, while specialized, depends heavily on federal tax policy and affordable housing programs that could face political or regulatory changes. The community banking sector faces ongoing pressure from larger national banks with greater resources and technology capabilities, as well as fintech disruption in lending and deposit-gathering. QCR's geographic concentration in the Midwest exposes the company to regional economic cycles, and their approaching $10 billion asset threshold will subject them to increased regulatory burden and compliance costs. **Digital transformation pressures** represent an ongoing competitive threat, as customers increasingly expect sophisticated online and mobile banking capabilities that require substantial technology investments. While QCR has been investing in digital capabilities, they compete against much larger institutions with greater technology budgets and fintech companies with more agile development processes.
Risks & safety
QCR Holdings demonstrates a **moderate margin of safety** with generally sound financial metrics but some areas requiring monitoring as the company continues growing. **Liquidity and Solvency:** - Strong cash position with $235 million in cash and short-term investments - Healthy loan-to-deposit ratio of approximately 93.6%, providing funding flexibility - Debt-to-equity ratio of 0.57, indicating reasonable leverage levels - Tangible common equity ratio of 9.24%, above regulatory minimums but approaching industry stress levels **Valuation Metrics:** - Price-to-earnings ratio of 11.3x, reasonable for a regional bank - Price-to-book ratio of 1.36x, suggesting modest premium to book value - Return on equity of 12.6% (adjusted), indicating strong profitability - Return on assets of 1.35% (adjusted), above peer averages **Credit Quality and Risk Management:** - Non-performing assets at 39 basis points of total assets, well below historical norms - Allowance for credit losses at 1.30% of total loans, providing reasonable coverage - Low charge-off history, though management expects gradual normalization **Other Considerations:** - Approaching $10 billion asset threshold will increase regulatory compliance costs - Concentration in LIHTC lending creates specialized risk exposure - Geographic concentration in Midwest markets limits diversification - Strong free cash flow generation of $400 million annually provides financial flexibility
Recent development
Over the past few years, QCR Holdings has executed several strategic initiatives that have transformed the company from a traditional community bank into a more specialized financial services provider. **Low-Income Housing Tax Credit (LIHTC) Expansion** represents the most significant strategic pivot. The company has built substantial expertise in this specialized lending area, growing the portfolio to approximately $750 million while developing sophisticated securitization capabilities. QCR completed four LIHTC loan securitizations during 2024, demonstrating their ability to originate, package, and sell these complex financial instruments while managing regulatory capital efficiently. The company plans to continue this strategy with a targeted $350 million securitization in late 2025. **Wealth Management Growth** has been another key focus area, with the division achieving 15% revenue growth in 2024 and 20% growth in assets under management. QCR has expanded wealth management services into Southwest Missouri and Central Iowa markets, leveraging their community banking relationships to cross-sell investment and trust services. **Strategic Portfolio Optimization** included the decision to discontinue new originations in their Equipment Finance subsidiary during 2024, allowing management to focus resources on higher-return activities. This reflects a broader strategic discipline around capital allocation and business line prioritization. **Technology and Digital Transformation** investments have been ongoing, though specific details are limited in public disclosures. Management has emphasized the importance of digital capabilities for competitive positioning and customer service enhancement. **Capital Management Evolution** has shown increasing sophistication, with management targeting top-quartile capital ratios among peer institutions while maintaining flexibility for organic growth, potential share buybacks, and strategic opportunities. The company has been building capital in preparation for crossing the $10 billion asset threshold, which will trigger additional regulatory requirements and compliance costs.
QCRH company profile · for informational purposes only — not investment advice.
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