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Stock impact report

QCR Holdings, Inc. Announces First Quarter Earnings and Response to COVID-19 Pandemic

QCR Holdings, Inc. (QCRH) 
Last qcr holdings, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1024092
Company Research Source: GlobeNewswire
First Quarter 2020 Highlights Net income of $11.2 million, or $0.70 per diluted shareAdjusted net income (non-GAAP) of $12.4 million, or $0.77 per diluted shareNIM increased by 4bps and NIM (TEY)(non-GAAP) increased by 5bps to 3.40% and 3.56%, respectivelyNoninterest income of $15.2 million Annualized loan and lease growth of 1.6% for the quarter Annualized deposit growth of 26.5% for the quarter Provision expense of $8.4 million for the quarter, increasing ALLL by 16bps to 1.14%Elected to defer CECL implementation as allowed by the March 27, 2020 CARES Act COVID-19 Pandemic Response Update The Company has fully implemented its Business Continuity PlanAll charters are providing routine banking services through online banking, drive-up windows and limited lobby accessWe are actively responding to client needs, including offering a Loan Relief Program (“LRP”) to impacted clients: As of April 24, 2020, 1,935 clients have been added to the LRP with loans totaling $439 million Enrolling Show less Read more
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