QCR Holdings Inc. (NASDAQ:QCRH) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET
Company Participants
Larry Helling - CEO & Director
Todd Gipple - President, COO, CFO & Director
Conference Call Participants
Damon DelMonte - KBW
Nathan Race - Piper Sandler
Brian Martin - Janney Montgomery
Daniel Tamayo - Raymond James
Jeff Rulis - D.A. Davidson
Operator
Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the First Quarter of 2023. Yesterday, after market close, the company distributed its first quarter earnings press release. If there is anyone on the call who has not received a copy, you may access it on the company's website, www.qcrh.com.
With us today from management are Larry Helling, CEO; and Todd Gipple, President, COO and CFO. Management will provide a summary of the financial results, and then we'll open up the call to questions from analysts.
Before we begin, I would like to remind everyone that some of the information management will be providing today falls under the guidelines of forward-looking statements as defined by the Securities and Exchange Commission.
As part of these guidelines, any statements made during this call concerning the company's hopes, beliefs, expectations and predictions of the future are forward-looking statements, and actual results could differ materially from those projected. Additional information on these factors is included in the company's SEC filings, which are available on the company's website.
Additionally, management may refer to non-GAAP measures, which are intended but not substitute for the most directly comparable GAAP measures. The press release available on the website contains the financial and other quantitative information to be discussed today as well as the reconciliation of the GAAP to non-GAAP measures.
As a reminder, this conference is being recorded and will be available for replay through May 4, 2023. Starting this afternoon approximately 1 hour after the completion of this call. It will also be accessible on the company's website.
I will now turn over the call to Mr. Larry Helling at QCR Holdings.
Larry Helling
Thank you, operator. Welcome, everyone, and thank you for taking the time to join us today. I will start the call by providing some highlights for the quarter, followed by a discussion about our deposit base, liquidity position and capital levels as well as a review of our specialty finance business.
Todd will provide additional details on our financial results for the quarter. We are pleased with our operating performance for the first quarter, highlighted by increased fee income and carefully managed expenses.