QCR Holdings, Inc. Q1 FY2026 earnings call

• Delivers most profitable first quarter ever driven by healthy loan and deposit growth, significantly lower non-interest expense, and modest margin expansion. - Maintains excellent asset quality, generates meaningful growth in tangible book value per share, and returns capital to shareholders. - Continues digital transformation with successful completion of second of four core system conversions. - Traditional banking business has strong organic growth via multi-charter model gaining market share. - Wealth management business has strong results with 14% annualized revenue growth. - LIHTC lending business performs well with 13 projects closed during the quarter including three with new developers

Traditional banking business shows solid organic growth backed by healthy commercial and industrial activity. Wealth management business has annualized revenue growth of 14%, added 80 new client relationships and $177 million in new assets under management. LIHTC lending business performs well with strong demand for affordable housing, closing 13 projects during the quarter including three with new developers. Net income for the quarter is $33 million or $1.99 per diluted share. Net interest income is $67 million. Non-interest income totals $23 million with $11 million from capital markets revenue and $5 million from wealth management. Non-interest expense for the first quarter is $52 million versus $63 million in the fourth quarter

• Reaffirms guidance for gross annualized loan growth of 10 to 15% over final three quarters of 2026. - Increases lower end of capital markets revenue guidance by $5 million, targeting $60 million to $70 million for next four quarters. - Guides second quarter NIM TEY to range from static to increase of three basis points assuming no further Fed funds rate changes. - Guides non-interest expenses for second quarter to be in range of $55 to $58 million

First question from Daniel Tomeo with Raymond James on capital and buyback. Next question from Damon Del Monte at KBW on digital transformation and loan loss reserve. Next question from Nathan race at Piper Sandler on capital markets revenue and reserve trajectory. Then Nathan race reconnects to ask about capital markets revenue and reserve releases