Guaranty Bank parent company posts record annual profits

Officials with Moline, Illinois-based QCR Holdings Inc. (Nasdaq: QCRH), the parent company of Guaranty Bank in Springfield, say 2024 delivered record net income for the business.

QCR Holdings reported full-year profits of $113.85 million, up from $113.56 million in 2023, according to a news release. Fourth-quarter net income came in at $30.2 million, down from $32.9 million a year earlier.

“We delivered our strongest results of the year in the fourth quarter, generating record full-year results,” said Larry J. Helling, CEO of QCR Holdings, in the release. "Our exceptional performance was highlighted by significant growth in net interest income, driven by margin expansion and robust loan growth."

At Springfield-based Guaranty Bank, assets at the end of 2024 were $2.3 billion, compared with $2.28 billion a year earlier. Deposits at Guaranty climbed to $1.8 billion from $1.77 billion year over year.

QCRH shares were trading at $79.46 as of 11:34 a.m., compared with a 52-week range of $54.37 to $96.08 per share.