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QCR Holdings, Inc. Provides Update on Loan Deferrals
Schedules Third Quarter 2020 Earnings Conference Call MOLINE, Ill., Oct. 05, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today provided an
About this update from Qcr Holdings, Inc.
[{"type":"text","content":"Schedules Third Quarter 2020 Earnings Conference Call\nMOLINE, Ill., Oct. 05, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today provided an update on its Loan Relief Program (“LRP”), which was implemented to assist clients impacted by the COVID-19 pandemic. As of September 30, 2020, the total dollar amount of loans and leases participating in a second round of deferrals was $83 million, representing 1.95% of total loans and leases. This compares to round one participation of $575 million, or 13.53% of total loans and leases.\n “We are very pleased that we outperformed guidance provided in July, as a significant number of clients exited the LRP and resumed payments,” said Larry J. Helling, Chief Executive Officer. “We believe this speaks to the high quality of our loan portfolio and the resiliency of our local markets. Our communities are experiencing unemployment rates lower than the national average, and conditions continue to improve as pandemic-impacted jobs return at a faster pace than the rest of the country.” The Company has included a supplemental presentation that provides further information regarding the Company’s loan exposures. Investors, analysts and other interested persons may find this presentation on the SEC’s EDGAR filing system at www.sec.gov/edgar.shtml, or on the Company’s website at www.qcrh.com. The Company plans to release third quarter earnings results after the market closes on Tuesday, October 27, 2020. Management will host a conference call and webcast the next day, Wednesday, October 28, 2020, at 10 a.m. Central Time to discuss the results. Shareholders, analysts, and other interested parties are invited to join. Dial-in information for the call is 888-346-9286 (international 412-317-5253). Participants should request to join the QCR Holdings, Inc. call. The event will be archived and available for replay through Nov. 11, 2020. The replay access information is 877-344-7529 (international 412-317-0088); access code 10148155. A webcast of the teleconference can be accessed at the Company’s News and Events page at www.qcrh.com. An archived version of the webcast will be available at the same location shortly after the live event has ended. About Us QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rap...