QCR Holdings, Inc. named one of the 50 Largest Community Banks by S&P Global Market Intelligence
MOLINE, Ill., March 24, 2022 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCR Holdings”) today announced that it has been ranked among the Top 50 Best Performing Large Community Banks (3-10 billion) in the United States by S&P Global Market Intelligence for the second consecutive year.
“We are proud to deserve this recognition and a better position on the list. This ranking reflects our commitment to our strong credit culture, prudent expense management and disciplined growth,” said Larry Helling, CEO of QCR Holdings. “Our financial performance in 2021 demonstrated our ability to serve our shareholders. Through our relationship-based community banking model, which emphasizes exceptional customer service and local market expertise, we delivered record net income and earnings per share in 2021, driven by loan growth 17% and excellent credit quality. »
The S&P Global Market Intelligence ranking is based on measures of the financial and operational strength of community banks with assets between $3 billion and $10 billion. To compile this ranking, S&P Global Market Intelligence calculated each company’s scores based on six metrics: pre-tax return on tangible equity; efficiency rate; growth in operating income; net write-offs to net average loans and leases of the Paycheck Protection Program loan ratio; assets and nonperforming loans past due 90 days or more as a percentage of total assets, net of PPP loans; and leverage ratio. Each company’s standard deviation from the industry average was calculated for each ranking metric, weighted, and then combined to arrive at a performance score. To help normalize the data and mitigate the impact of outliers, caps and floors have been applied for each metric.
About QCR Holdings, Inc.
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the communities of Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield through l through its wholly-owned banking subsidiaries. Banks offer comprehensive corporate and personal banking services, as well as trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, began operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, began operations in 2001, Community State Bank, based in Ankeny, Iowa , was acquired by the Company in 2016, and Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the community of Waterloo/Cedar Falls, Iowa through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company offers equipment loans and leases to businesses through its wholly owned subsidiary, m2 Equipment Finance, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The company has 24 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2021, the Company had approximately $6.1 billion in assets, $4.7 billion in loans and $4.9 billion in deposits. For more information, please visit the Company’s website at www.qcrh.com.