QCR Holdings, Inc. (NASDAQ:QCRH) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET
Company Participants
Larry Helling - Chief Executive Officer
Todd Gipple - President and Chief Financial Officer
Conference Call Participants
Nathan Race - Piper Sandler.
Damon DelMonte - KBW
Jeff Rulis - DA Davidson
Daniel Tamayo - Raymond James
Brian Martin - Janney
Operator
Greetings, and welcome to the QCR Holdings, Inc. Earnings Conference Call for the First Quarter of 2024. Yesterday after market closed, the company distributed its first quarter earnings press release. If there's anyone on the call who has not received a copy, you may access it on the company's website at 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'll open the call to questions from analysts.
Before we begin, I would like to remind everyone that some of the information management we'll 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 future and forward-looking statements and actual results could be different 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 company's website contains the financial and other quantitative information to be discussed today, as well as the reconciliation of GAAP to non-GAAP measures.
And lastly, as a reminder, this conference is being recorded and will be available for replay through May 1, 2024, starting this afternoon approximately one 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 thanks for joining us today. I'll begin by providing some highlights for the quarter, followed by a discussion on our strategic priorities. Todd will then follow with additional details regarding our financial results for the quarter.
We delivered strong first quarter results, highlighted by significant fee income and continued growth in both our core deposit and loan balances. In addition, we continue to benefit from well-managed expenses, improved upon our already excellent asset quality, and further strengthened our capital ratios.