QCR Holdings, Inc. (NASDAQ:QCRH) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET
Company Participants
Larry Helling - Chief Executive Officer
Todd Gipple - President and Chief Financial Officer
Conference Call Participants
Damon DelMonte - KBW
Nathan Race - Piper Sandler
Brian Martin - Janney
Daniel Tamayo - Raymond James
Operator
Greetings and welcome to the QCR Holdings Inc. Earnings Conference Call for the Third Quarter of 2023. Yesterday after market close the company distributed its third 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 and CFO. Management will provide a summary of the financial results and then we will 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 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 the 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 to supplement, 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 for November 2, 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 the call over 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. We will also include a review of our specialty finance business with an update on our loan securitization strategy. Todd will provide additional details on our financial results for the quarter.
We delivered solid third quarter results, highlighted by a static net interest margin, robust loan growth and significant fee income. In addition, our deposit base is stable, our capital ratios are strong and our asset quality remains sound. Our third quarter and year-to-date results demonstrate the continued strength of our franchise our commitment to relationship banking, and the successful execution of our strategic initiatives.