Guaranty Bank's parent company posts dip in Q1 profits

Moline, Illinois-based QCR Holdings Inc. (Nasdaq: QCRH), the parent company of Guaranty Bank in Springfield, reported a roughly 3.4% decrease in first-quarter profits.

The holding company's net income was $25.8 million, or $1.52 per diluted share, down from $26.7 million, or $1.58 per diluted share, in the same quarter of 2024, according to a news release.

Company officials cited a drop in quarterly capital markets revenue to $6.5 million from $16.5 million a year earlier.

“Our capital markets business was affected by macroeconomic uncertainty. Despite this, demand for affordable housing remains significant," QCR CEO Larry J. Helling said in the release. "The lower first-quarter results in this sector should lead to a larger pipeline for future transactions. Our capital markets activity for the second quarter is normalizing as clients adjust to the current environment."

As of March 31, Guaranty Bank's assets were $2.3 billion, roughly flat from the same time last year. Its deposits were $1.8 billion, up from $1.7 billion a year earlier.

QCRH shares were trading at $67.30 as of 10:12 a.m., compared with a 52-week range of $54.75 to $96.08 per share.