QCR (NASDAQ:QCRH) reported what management described as a strong second quarter of 2026, with net income of $36 million, or $2.19 per diluted share, as the bank holding company cited loan production, capital markets activity, wealth management growth and expense discipline as…
y contributors. President and CEO Todd Gipple said the quarter produced “record quarterly GAAP earnings per share,” while adjusted earnings per share was near record levels
He said return on average assets was 1.51%, and earnings per share rose 28% from the prior-year quarter. Gipple said QCR’s diversified business model supported the results, pointing to higher net interest income, a rebound in capital markets revenue, continued momentum in wealth management and strong asset quality. He also noted that tangible book value per share has increased by $8, or 15%, since June 30 of last year, while the company returned about $56 million to shareholders through share repurchases over the past four quarters.
Loan Growth and Net Interest Income CFO Nick Anderson said net interest income totaled $68 million in the second quarter, up $500,000, or 3% annualized, from the first quarter. He said robust earning asset growth more than offset the impact of Low-Income Housing Tax Credit, or LIHTC, loan offtake transactions. Anderson said the company’s net interest margin on a tax-equivalent yield basis declined three basis points from the first quarter and came in below guidance.