Guaranty Bank parent boosts quarterly profits by 32%

Moline, Illinois-based QCR Holdings Inc. (Nasdaq: QCRH), the parent company of Guaranty Bank in Springfield, posted a company net income record in the third quarter.

Profits at QCR Holdings climbed 32% to $36.7 million from $27.8 million a year earlier, according to a news release. Diluted share earnings rose to $2.16 from $1.64 per share in the same quarter of 2024.

“We delivered outstanding third-quarter results, achieving record net income and strong EPS growth of 26% compared to the second quarter,” said Todd Gipple, president and CEO of QCR Holdings, in the release. “Our exceptional performance was driven by a strong rebound in capital markets revenue, as well as robust loan growth and continued net interest margin expansion that led to a significant increase in net interest income.”

As of Sept. 30, Guaranty Bank assets and deposits were roughly flat at $2.4 billion and $1.8 billion, respectively. Guaranty has 15 branches in southwest Missouri.

“Our strategic partnership with QCR Holdings allows us to make responsive, locally driven decisions that best serve our clients and our communities,” Guaranty Bank CEO Monte McNew said in a separate news release. “We are invested in the people and businesses in southwest Missouri and are proud to be supporting their growth and success.”

QCRH shares were trading at $76.59 as of 11:10 a.m., compared with a 52-week range of $60.83 to $96.08 per share.