Qcr Holdings, Inc. · NASDAQ:QCRH
Qcr — Investor Presentation (January 2025)
24 slides from Qcr's investor presentation, Jan 24, 2025
Slide 1: Investor Presentation December 2024
Investor Presentation December 2024
Slide 2: 2
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Slide 3: Forward-Looking Statements
FORWARD - LOOKING STATEMENTS Special Note Concerning Forward - Looking Statements . This document contains, and future oral and written statements of the Company and its management may contain, forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 ,
Slide 4: Who We Are
Our Vision Guides Us. Exceptional people providing extraordinary performance for our clients, shareholders, and communities. Our Mission Drives Us. We make financial dreams a reality. QCR Holdings, Inc. is a Midwest - based bank holding company, established in 1993, with a relationship - driven appr
Slide 5: QCR Holdings bank charters, markets and deposit share
QCR Holdings, Inc. (NASDAQ: QCRH) Location, deposit data and market share as of 6/30/24. * Cedar Rapids Bank & Trust includes Community Bank & Trust in the Cedar Valley. Market Share Deposits # Locations States/Region Entity #1 $2.1B 5 Iowa/Illinois - Quad Cities Quad City Bank & Trust #1 $1.7B 8 Io
Slide 6: Why Invest…Exceptional Performance
Since 2019, our company has increased adjusted earnings per share at an impressive 13.9%* compound annual growth rate, consistently outperforming many of our peers. 6 CAGR 12/31/24 12/31/19 13.9% $7.03 $3.66 Adjusted Earnings Per Share 12.3% $50.21 $28.15 Tangible Book Value Per Share 12.9% $6.8B $3
Slide 7: Building a Long-Term EPS Track Record
QCRH Core EPS ($) Core EPS CAGR (%) 2.6% 13.9% 5 - year 6.3% 15.1% 10 - year 3.5% 9.2% 20 - year $1.84 $1.79 7 $1.72 $1.99 $3.08 $2.66 $2.31 $3.96 $3.66 $6.27 $6.80 $6.82 $7.03 $2 $4 $6 $8 $0.92 $0.53 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (1) KRX calculated as
Slide 8: Top Tier Tangible Book Value Per Share Growth
* TBVPS of $40.68, $47.15 and $53.75 for 2022, 2023 and 2024, respectively, excludes the impact of AOCI. (1) KRX calculated as the median of the current 50 KRX constituents excluding PACW as of 9/30/24. QCRH TBVPS ($) TBVPS (%) $14.70 $15.92 $17.08 $14.29 $17.50 $18.81 $20.11 $24.04 $22.70 $28.15 $3
Slide 9: Consistent Improvement in Shareholder Return
$59 $63 $100 $115 $115 $119 $3.66 $3.96 $6.27 $6.80 $6.82 $7.03 2019 2020 2021 2022 2023 2024 Adjusted Net Income Adjusted EPS 9 Note: 2019 excludes $12.3 million gain on sale from the RB&T transaction. Data as of 12/31/24. Adjusted Net Income/Earnings Per Share Adjusted Net Income CAGR* from 2019 -
Slide 10: Diversified Business Lines Drive Outstanding Results
Correspondent Banking Specialty Finance Group Wealth Management Traditional Banking + Three diversified business lines powering exceptional results. Diversified Business Lines Drive Outstanding Results 10 Wealth Management • Broad scope of services • $6.3 billion in AUM as of 12/31/24 Correspondent
Slide 11: Specialty Finance Group (SFG)
$28.3 $74.8 $61.0 $41.3 $91.4 $70.1 $61.0 $0 $40 $80 $120 2019 2020 2021 2022 2023 2024 Fee Income Average Our SFG business is unique and offers: • Strong pipelines built on relationships • Complexity which creates significant barriers to entry by competitors • Consistent source of revenue in all ec
Slide 12: Providing Municipal and Tax Credit Financing Solutions
QCRH (Lender) Borrower / Low Income Housing Project Tax Credit Equity Investors Loan Payments Tax Credits Equity Investment Loan Rent 12 Strong Borrowers • Experienced low - income housing developers • Tax credit investors are primarily other banks and corporate investors • Back - to - back swaps on
Slide 13: Low Income Housing Tax Credit Loans
Low Income Housing Tax Credit Loans Annual LIHTC Foreclosure Rate vs. Conventional Multifamily Delinquency Rate Data shown from the Cohn Reznick - Affordable House Credit Study, November 2023 LIHTC Industry Strength Offers: • Long track record of strong performance • Very low Loan - To - Values • Ex
Slide 14: LIHTC Securitization Highlights
Successful closing of first four securitizations selling nearly $650MM of LIHTC loans via Freddie Mac Programs • Strengthened capital and NIM • Increased liquidity • $1MM net gain on securitizations in 2024 Securitization will allow us to… • Provide capacity to sustain future LIHTC asset and capital
Slide 15: Wealth Management Services
$3.1 $3.4 $4.2 $3.6 $4.1 $4.9 $1.0 $1.0 $1.2 $1.0 $1.2 $1.4 $0 $2 $4 $6 2019 2020 2021 2022 2023 2024 B rok er age/ R I A T rus t/Inv Mg mt $3.4 $4.6 $5.3 $12.0 15 $12.6 $15.3 $14.5 $15.6 $17.9 $0 $6 $12 $18 $24 2019 2020 2021 2022 2023 2024 Wealth Management Revenue ($M) CAGR from 2019 - 2024: 8.3%
Slide 16: Strong Asset Growth
$2.3 $3.2 $3.8 $4.9 $5.7 $6.1 $6.7 $8.5 $9.0 $0.6 $0.3 $0.6 $1.2 $0 $2 $4 $6 $8 $10 2016 2017 2018 2019 2020 2021 2022 2023 2024 Acquired Assets Total Assets (1) Rockford Bank & Trust assets were removed from this data. (2) Includes $310.9 million of the assets of m2 Equipment Finance as of 12/31/24
Slide 17: Loan Growth Driven by Commercial Lending
Loans ($B) CAGR from 2019 - 2024: 12.9% Loan Growth Driven by Commercial Lending Commercial Loans Represent 92% of the Loan Portfolio as of 12/31/24 $3. 7 $4. 3 $4. 7 $6. 1 $6. 5 $6. 8 $3. 3 $3. 9 $4. 3 $5. 7 $6. 0 $6. 3 $2 $1 $0 $3 $4 $5 $6 $7 $8 2019 2020 2021 2022 2023 2024 Total Loans Commercial
Slide 18: Diversified Loan Portfolio
Diversified Loan Portfolio Construction LIHTC $918 (70%) Commercial Construction $337 (25%) Residential Construction $11 (1%) Land Development $48 (4%) Multi - familty - LIHTC $828 (73%) Multi - family - non LIHTC $304 (27%) Loan Portfolio Composition ($MM) $6.8 Billion as of 12/31/24 Construction &
Slide 19: Our High-Performing CRE Portfolio
• CRE is 54% of total loans • CRE - Office represents only 3% of Total Loans • 10 CRE - Office loans > $3 million (total of $53 million) • CRE - Office is primarily smaller facilities (three stories or less) and located within the QCRH footprint • Negligible non - performing CRE - Office loans of $2
Slide 20: Strong Credit Culture Supported by High Levels of Reserves
NPAs / Assets 0.56% 0.27% 0.25% 0.11% 0.05% 0.40% 0.50% 0.00% 0.30% 0.60% 2018 2019 2020 2021 2022 2023 2024 1.68% 1.43% 1.33% 1.32% 1.43% 1.24% 1.24% 2021 2022 2024 QCRH 2023 Proxy Peer Median ACL – Loans HFI/Total Loans (%) 20 Strong Credit Culture Supported by High Levels of Reserves Focused on m
Slide 21: Consistent Deposit Growth
Consistent Deposit Growth Core Deposits* Represent 95% of Total Deposits * Core deposits are defined as total deposits less brokered deposits. Balances as of 12/31/24. Total Deposits ($B) CAGR from 2019 - 2024: 12.6% Core Deposit CAGR from 2019 - 2024: 15.4% $3.9 $4.6 $4.9 $6.0 $6.6 $7.1 $3.8 $4.6 $
Slide 22: Deposit Base
Retail 25% Commercial 60% Correspondent 10% Brokered 5% DDA 53% Brokered 5% Time Deposits 13% Savings 3% MMDA 26% 22 Balances as of 12/31/24. Total Deposit Composition Total uninsured and uncollateralized deposits were $1.3 billion or only 19% of total deposits. TOTAL $7.1 Billion TOTAL $7.1 Billion
Slide 23: Our Strong Capital Position
Successful subordinated debt raises in 2019, 2020 and 2022 bolstered total risk - based capital 9.25% 9.05% 9.87% 7.93% 8.75% 9.55% 13.33% 14.95% 14.77% 14.28% 14.29% 14.10% 10.18% 10.55% 10.76% 9.29% 9.67% 10.03% 0.00% 8.00% 16.00% 2019 2021 2023 2024** 2020 TCE Ratio 2022 * TRBC Ratio CET 1 Tangib
Slide 24: COMMUNITY (gezenty
COMMUNITY (gezenty 1 Aes Co) GRouP OPERATIONS HOLDINGS, INC.