QCR Holdings, Inc. to Discontinue Offering New Loans and Leases Through m2 Equipment Finance Subsidiary
QCR Holdings, Inc. (QCRH)
Last qcr holdings, inc. earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
MOLINE, ill., Sept. 05, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) announced the decision to discontinue offering new loans and leases through its equipment finance business, m2 Equipment Finance, LLC (“m2”), located in Waukesha, WI. m2 was acquired by the Company in 2005 and has provided equipment financing solutions to commercial borrowers since its founding in 1998. “We expect that this change will improve our profitability, increase liquidity, reduce our credit losses and allow the Company to allocate capital to assets with higher risk-adjusted returns. We will focus our efforts on business units with more opportunity to build client relationships with greater deposit gathering potential,” said Larry J. Helling, the Company’s Chief Executive Officer. m2 will continue to service its existing $360 million equipment finance portfolio with a reduced staff. The Company expects the majority of the portfolio to amortize over the next 3 years. One-time
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QCRH
News
- QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share [Yahoo! Finance]Yahoo! Finance
- QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per ShareGlobeNewswire
- QCR Holdings, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- QCR Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- QCR Holdings, Inc. (QCRH) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
QCRH
Earnings
- 10/23/24 - Beat
QCRH
Sec Filings
- 11/22/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 11/6/24 - Form 144
- QCRH's page on the SEC website