QCR HOLDINGS INC QCRH Income Statement

Qcr holdings inc (QCRH)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Loans/leases, including fees
187,915	190,324	189,993	183,621	171,514	160,160	146,549	131,760	124,467	117,465	112,866	106,622	98,746	91,235	82,026	78,303	76,311	74,615	73,571	72,028	70,651	69,423	0	0	0	-	-	0	0	-	-	64,501	65,043	64,807	65,176	66,061	0	0	0
Securities:
Taxable
6,668	6,607	6,707	6,547	6,463	6,353	6,046	5,892	5,558	5,145	4,749	4,439	4,371	4,585	5,060	5,642	6,185	6,772	7,451	8,140	8,978	9,618	0	0	0	-	-	0	0	-	-	11,291	11,347	10,877	10,630	10,466	0	0	0
Nontaxable
13,772	13,858	14,029	14,103	13,924	13,668	13,155	12,501	11,894	11,253	10,856	10,504	10,092	9,686	9,168	8,679	8,293	7,782	7,283	6,793	6,351	6,074	0	0	0	-	-	0	0	-	-	1,417	1,139	983	968	951	0	0	0
Interest-bearing deposits at financial institutions
3,348	3,910	3,560	2,933	1,993	1,267	1,063	880	872	874	726	688	531	393	322	285	287	304	279	279	285	299	0	0	0	-	-	0	0	-	-	403	413	404	367	416	0	0	0
Restricted investment securities
1,125	1,174	1,208	1,244	1,166	1,093	970	814	734	631	560	520	521	522	522	517	492	503	509	510	542	528	0	0	0	-	-	0	0	-	-	502	475	557	543	524	0	0	0
Federal funds sold
128	203	306	369	375	338	267	214	190	149	114	75	47	45	42	37	32	24	24	24	22	21	0	0	0	-	-	0	0	-	-	-	-	92	136	192	0	0	0
Total interest and dividend income
212,956	216,076	215,803	208,817	195,435	182,879	168,053	152,063	143,717	135,517	129,874	122,850	114,310	106,467	97,141	93,466	91,603	90,003	89,121	87,777	86,831	85,965	0	0	0	-	-	0	0	-	-	78,118	78,445	77,723	77,822	78,612	0	0	0
Interest expense:
Deposits
47,602	50,875	50,241	45,570	38,273	30,675	24,364	19,197	15,660	13,012	10,691	8,607	6,961	6,018	5,305	4,973	4,712	4,495	4,433	4,461	4,479	4,508	0	0	0	-	-	0	0	-	-	7,537	8,229	8,939	10,099	11,313	0	0	0
Short-term borrowings
356	363	346	327	309	271	211	166	123	114	96	75	74	93	102	154	189	210	237	238	246	233	0	0	0	-	-	0	0	-	-	250	241	290	380	464	0	0	0
Federal Home Loan Bank advances
2,440	2,894	3,215	3,614	4,032	4,193	4,120	3,306	2,641	1,981	1,371	1,184	1,245	1,284	1,806	1,923	2,509	3,511	4,459	5,419	5,913	6,025	0	0	0	-	-	0	0	-	-	7,543	7,692	7,972	8,399	8,781	0	0	0
Other borrowings
-	513	1,700	2,590	3,094	3,207	2,794	2,814	2,913	2,879	2,797	3,046	3,175	3,317	3,572	3,542	3,826	4,233	4,550	4,885	4,951	4,890	0	0	0	-	-	0	0	-	-	5,061	5,127	5,149	5,322	5,487	0	0	0
Subordinated notes
3,994	3,564	2,630	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
2,307	2,308	2,254	2,192	2,124	1,999	1,897	1,741	1,580	1,466	1,366	1,310	1,264	1,236	1,231	1,242	1,253	1,255	1,248	1,242	1,236	1,234	0	0	0	-	-	0	0	-	-	1,021	1,015	1,227	1,469	1,711	0	0	0
Total interest expense
56,607	60,517	60,570	55,989	48,535	40,484	33,458	27,226	22,918	19,452	16,323	14,224	12,722	11,950	12,018	11,836	12,491	13,706	14,929	16,247	16,827	16,894	0	0	0	-	-	0	0	-	-	21,414	22,306	23,578	25,670	27,758	0	0	0
Net interest income
156,349	155,559	155,233	152,828	146,900	142,395	134,595	124,837	120,799	116,065	113,551	108,626	101,588	94,516	85,123	81,630	79,112	76,296	74,191	71,529	70,004	69,071	0	0	0	-	-	0	0	-	-	56,703	56,139	54,144	52,152	50,854	0	0	0
Provision for loan/lease losses
13,299	7,066	7,698	11,892	12,252	12,658	13,302	9,182	8,904	8,470	8,813	8,335	7,510	7,478	6,055	6,082	7,233	6,870	9,342	8,770	7,423	6,807	0	0	0	-	-	0	0	-	-	5,705	6,328	6,616	6,631	5,550	0	0	0
Net interest income after provision for loan/lease losses
143,050	148,493	147,535	140,936	134,648	129,737	121,292	115,654	111,894	107,595	104,737	100,290	94,077	87,038	79,067	75,547	71,878	69,425	64,849	62,759	62,580	62,264	0	0	0	-	-	0	0	-	-	50,998	49,810	47,528	45,521	45,304	0	0	0
Noninterest income:
Revenue
294,927	294,844	280,046	261,963	240,428	224,420	196,980	177,575	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of residential real estate loans, net
2,854	2,571	2,109	1,556	1,169	901	641	403	413	409	449	495	467	431	345	285	297	322	409	445	483	460	0	0	0	-	-	0	0	-	-	47	530	999	3,032	3,177	0	0	0
Gains on sales of government guaranteed portions of loans, net
-	748	590	117	78	405	438	484	571	1,164	1,587	1,714	3,231	3,159	3,105	3,646	2,112	1,304	2,079	1,478	1,917	2,040	0	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-
Swap fee income
31,901	28,295	27,955	19,268	13,026	10,787	6,177	5,261	3,940	3,095	985	1,124	964	1,708	1,893	1,622	1,848	1,717	1,275	1,212	819	154	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities losses, net
-	-	0	0	-	-	-	-	-	-	0	0	-	4,592	4,949	754	736	798	529	492	492	92	0	0	0	-	-	0	-	-	-	0	-	1,472	0	0	0	-	-
Earnings on bank-owned life insurance
1,762	1,973	1,782	1,767	1,754	1,632	1,735	1,689	1,750	1,802	1,804	1,826	1,847	1,771	1,767	1,724	1,676	1,762	1,763	1,790	1,746	1,721	0	0	0	-	-	0	0	-	-	1,541	1,539	1,445	1,385	1,340	0	0	0
Participation service fees on commercial loan participations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gain on Community National Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Fee income from early termination of leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit card issuing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	551	486	500	431	363	0	0	0
Lawsuit award
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-820	-539	-374	-278	-423	0	0	0
Other
5,287	5,429	4,586	4,272	3,958	3,848	3,859	3,715	3,531	3,265	3,114	3,228	3,101	2,913	4,390	3,806	3,437	3,133	2,077	2,182	2,369	2,280	0	0	0	-	-	0	0	-	-	3,072	3,151	2,881	2,892	2,795	0	0	0
Total noninterest income
81,971	78,768	64,243	53,146	44,993	41,541	35,976	33,868	31,739	30,482	27,796	31,518	31,498	31,036	30,285	26,265	24,964	24,363	24,114	22,873	22,756	21,281	0	0	0	-	-	0	0	-	-	16,255	16,361	17,461	17,924	17,126	0	0	0
Noninterest expense:
Salaries and employee benefits
89,703	92,063	87,622	80,840	73,895	68,994	65,274	61,265	58,392	55,722	53,058	50,836	48,823	46,317	43,178	42,559	42,734	42,967	42,747	42,523	41,353	40,337	0	0	0	-	-	0	0	-	-	31,916	31,016	30,365	29,390	28,807	0	0	0
Occupancy and equipment expense
15,444	15,106	14,454	13,912	13,512	12,884	12,738	11,936	11,501	10,938	10,323	9,893	9,079	8,404	7,317	7,094	7,075	7,042	7,377	7,311	7,285	7,385	0	0	0	-	-	0	0	-	-	5,357	5,360	5,297	5,427	5,433	0	0	0
Professional and data processing fees
14,000	13,381	13,388	11,754	11,494	11,452	11,257	11,811	11,381	10,757	9,567	8,547	7,749	7,113	5,761	5,571	5,500	5,523	6,356	6,144	6,077	6,191	0	0	0	-	-	0	0	-	-	4,476	4,486	4,461	4,435	4,483	0	0	0
Acquisition costs
-	-	-	-	-	1,795	2,206	0	0	-	0	-	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Post-acquisition compensation, transition and integration costs
3,599	3,582	2,220	1,501	0	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposition costs
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance, other insurance and regulatory fees
2,674	2,955	3,497	3,888	3,802	3,594	3,323	3,081	2,886	2,752	2,639	2,531	2,536	2,549	2,440	2,559	2,640	2,724	2,925	2,934	2,899	2,895	0	0	0	-	-	0	0	-	-	2,285	2,396	2,698	3,036	3,341	0	0	0
Loan/lease expense
1,111	1,097	1,371	1,519	1,467	1,544	1,272	1,161	1,161	1,164	1,053	898	793	662	700	688	742	882	359	453	622	665	0	0	0	-	-	0	0	-	-	1,710	2,103	2,160	2,450	2,021	0	0	0
Net cost of and gains/losses on operations of other real estate
3,504	3,789	6,035	3,907	2,655	2,489	132	21	119	2	-40	253	503	591	509	-741	-1,067	-1,092	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and marketing
4,445	4,548	4,000	3,928	3,644	3,552	3,208	2,893	2,708	2,625	2,607	2,484	2,350	2,127	1,899	1,812	1,868	1,900	1,959	2,053	2,065	1,985	0	0	0	-	-	0	0	-	-	1,349	1,340	1,288	1,128	1,094	0	0	0
Postage and communications
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	0	-	-	1,001	995	937	956	949	0	0	0
Stationery and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	0	-	-	536	525	516	515	517	0	0	0
Bank service charges
2,030	2,009	1,963	1,923	1,881	1,838	1,807	1,805	1,787	1,771	1,777	1,733	1,700	1,692	1,644	1,621	1,564	1,486	1,420	1,365	1,330	1,291	0	0	0	-	-	0	0	-	-	785	764	725	637	594	0	0	0
Losses on debt extinguishment
0	-	0	-	-	-	-	-	-	-	-	-	-	-4,577	-4,054	6,977	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Correspondent banking expense
848	836	827	823	821	821	815	814	812	807	790	791	772	750	750	721	704	703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles amortization
2,283	2,266	2,247	2,229	1,919	1,692	1,460	1,149	1,075	1,001	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment fees on Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	832	0	0	0	-	-
Other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	-
Other
6,648	6,841	6,649	7,131	6,703	6,402	5,892	4,991	4,720	4,506	4,133	4,002	3,880	3,815	4,912	4,510	4,101	3,667	3,392	3,426	3,541	3,563	0	0	0	-	-	0	0	-	-	1,790	1,611	1,589	1,430	1,608	0	0	0
Total noninterest expense
154,214	155,234	145,350	135,905	125,715	119,143	114,083	106,979	102,013	97,424	88,380	89,465	85,804	81,485	75,117	66,584	72,942	73,192	74,077	74,612	66,617	65,553	0	0	0	-	-	0	0	-	-	51,271	50,718	50,992	50,474	49,916	0	0	0
Net income before income taxes
70,807	72,027	66,428	58,177	53,926	52,135	43,185	42,543	41,619	40,653	44,153	42,343	39,771	36,589	34,235	35,228	23,900	20,597	14,886	11,020	18,719	17,991	0	0	0	-	-	0	0	-	-	15,982	15,453	13,998	12,970	12,514	0	0	0
Federal and state income tax expense
15,089	14,619	11,595	9,630	8,438	9,015	3,479	3,792	4,547	4,946	9,818	9,755	9,273	8,902	8,293	8,904	4,776	3,669	1,750	310	3,478	3,038	0	0	0	-	-	0	0	-	-	4,181	4,152	3,868	3,575	3,586	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,323	19,123	-	13,135	10,709	15,241	14,952	15,775	15,524	15,562	14,938	14,367	13,740	12,968	13,106	12,719	11,801	11,301	10,129	9,395	8,928	0	0	0
Less: net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	497	438	418	376	0	0	0
Net income
55,718	57,408	54,833	48,547	45,488	43,120	39,706	38,751	37,072	35,707	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,200	10,803	9,691	8,977	8,551	0	0	0
Less: preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,081	0	0	0	-	-	0	0	-	-	5,090	5,190	5,283	5,284	4,134	0	0	0
Net income attributable to QCR Holdings, Inc. common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,870	0	0	0	-	-	0	0	-	-	6,110	5,613	4,407	3,692	4,417	0	0	0
Basic earnings per common share (in dollars per share)
0.71	1.01	0.96	0.86	0.82	0.85	0.56	0.75	0.76	0.71	0.60	0.67	0.70	0.65	0.47	0.54	0.54	0.62	0.55	-0.05	0.52	0.38	0.51	0.46	0.40	-	-	0.60	0.50	-	-	0.44	0.48	0.37	-0.01	0.34	0.23	0.21	0.15
Diluted earnings per common share (in dollars per share)
0.70	1.00	0.94	0.85	0.81	0.84	0.55	0.73	0.74	0.70	0.58	0.65	0.68	0.65	0.46	0.53	0.53	0.59	0.55	-0.05	0.52	0.37	0.50	0.45	0.40	-	-	0.59	0.49	-	-	0.44	0.48	0.36	-0.01	0.34	0.23	0.21	0.15
Weighted average common shares outstanding (in shares)
15,796	15,772	15,739	15,714	15,693	15,641	15,625	13,919	13,888	13,845	13,151	13,170	13,133	13,087	13,066	12,335	11,793	11,744	11,713	9,946	7,975	7,943	7,931	7,924	7,901	-	-	5,393	4,927	-	-	4,835	4,800	4,512	4,866	4,847	4,671	4,598	4,591
Weighted average common and common equivalent shares outstanding (in shares)
16,011	16,033	15,976	15,938	15,922	15,898	15,922	14,232	14,205	14,208	13,507	13,516	13,488	13,323	13,269	12,516	11,953	12,079	11,875	9,946	8,097	8,060	8,053	8,050	8,030	-	-	5,497	5,034	-	-	4,901	4,833	4,731	4,866	4,873	4,683	4,619	4,649
Cash dividends declared per common share (in dollars per share)
0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	-	0.00	0.04	-	-	-	0.04	-	-	-	0.04	-	-	-	0.04	0.00	-	-	0.04	-	-	0.04
Unrealized holding losses arising during the period before tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Less reclassification adjustment for gains included in net income before tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-

-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Other comprehensive loss, before tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Other comprehensive loss, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Comprehensive income attributable to QCR Holdings, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Trust department fees
Revenue
9,378	9,559	9,410	9,266	8,963	8,707	8,525	8,050	7,684	7,188	6,711	6,508	6,328	6,164	6,061	6,074	6,073	6,131	6,091	5,914	5,848	5,715	0	0	0	-	-	0	0	-	-	3,259	3,301	3,368	3,411	3,378	0	0	0
Investment advisory and management fees
Revenue
6,986	6,995	7,063	6,340	5,510	4,726	4,140	4,049	3,860	3,870	3,674	3,472	3,296	2,992	2,838	2,854	2,920	2,971	2,962	2,906	2,859	2,798	0	0	0	-	-	0	0	-	-	2,228	2,099	2,108	2,050	1,972	0	0	0
Deposit service fees
Revenue
6,735	6,812	6,648	6,491	6,443	6,420	6,418	6,285	6,133	5,919	5,707	5,336	4,824	4,439	4,003	3,836	3,814	3,784	3,313	3,497	3,665	3,809	0	0	0	-	-	0	0	-	-	3,543	3,524	3,493	3,525	3,492	0	0	0
Debit card fees
Revenue
3,323	3,357	3,399	3,359	3,289	3,263	3,196	3,105	3,005	2,942	2,889	2,609	2,209	1,814	1,545	1,403	1,314	1,244	1,206	1,125	1,151	1,143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Correspondent banking fees
Revenue
772	773	756	762	803	852	904	948	935	916	933	948	993	1,050	1,075	1,132	1,172	1,190	1,233	1,218	1,151	1,064	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-