Company Raises Capital Markets Revenue Guidance to $55M-$70M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
"We delivered our strongest quarter and record full year results as we continue to see improved performance in our traditional banking, wealth management, and LIHTC lending businesses. At the same time, we continued to invest in our digital transformation project, creating the bank of the future for our clients and our employees," said Todd Gipple, CEO. "Performance was very strong across all key operating metrics, approaching or exceeding the upper end of our guidance ranges for net interest margin expansion, gross loan growth, and capital markets revenue... Given the strength of our pipeline, we are increasing the upper end of our capital markets revenue guidance, resulting in a range of between $55M-$70M over the next four quarters."
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Analyst Views on QCRH
Wall Street analysts forecast QCRH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCRH is 90.00 USD with a low forecast of 83.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 90.770
Low
83.00
Averages
90.00
High
97.00
Current: 90.770
Low
83.00
Averages
90.00
High
97.00
About QCRH
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its subsidiary banks. It provides full-service commercial and consumer banking and trust and asset management services through Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Guaranty Bank. Additionally, it serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Its business consists of attracting deposits and investing those deposits in loans/leases and securities. It is also engaged in direct financing lease contracts and equipment financing agreements through m2, a subsidiary of QCBT based in Waukesha, Wisconsin. It also engages in wealth management services. It provides a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
QCR Holdings Reports Fourth Quarter Earnings Growth
- Earnings Growth: QCR Holdings reported fourth-quarter earnings of $35.66 million, translating to $2.12 per share, which marks a significant increase from last year's $30.23 million and $1.77 per share, indicating improved profitability.
- Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $37.30 million or $2.21 per share, showcasing strong performance in its core operations.
- Revenue Increase: The company's revenue rose by 4.8% year-over-year to $127.49 million from $121.64 million last year, reflecting ongoing improvement in market demand.
- Market Positioning: The growth in earnings and revenue not only boosts investor confidence but also strengthens QCR Holdings' position in the competitive financial services market.
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QCR Holdings Reports Strong Q4 Earnings Beat
- Earnings Beat: QCR Holdings reported a non-GAAP EPS of $2.21 for Q4, exceeding expectations by $0.22, which underscores the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenue of $107.02 million in Q4, marking a 16.5% year-over-year increase, surpassing expectations by $0.15 million, reflecting strong business expansion and market demand, thereby solidifying its market position.
- Strong Financial Health: With both revenue and EPS growth, QCR Holdings demonstrates a solid upward trend in financial performance, likely attracting more investor interest in its future growth potential.
- Positive Market Reaction: The strong earnings report has led to a positive market response, which is expected to drive the stock price higher, enhancing the company's competitiveness in the financial services sector.
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