Qcr Holdings IncQCRH

QCR Holdings Inc. just dropped its second-quarter 2026 results and the headline reads like a success story: low-income housing tax credit (“LIHTC”) production delivered $16.7 million in capital-markets revenue, up 69% year-over-year and 56% linked-quarter. Those numbers are real and the SEC filings confirm them, but they sit in a press release and an investor deck rather than in the formal 10-Q. The formal filing, however, shows net income of $33.4 million for the quarter ended March 31st 2026, earnings per share of $1.99, and 16.7 million diluted shares in the same period.

The company’s wealth management business also contributed, with assets under management up 9% and revenue up 7% on a linked-quarter basis. Importantly, the investor presentation states that 30% of total revenue in Q2 2026 was non-interest income, a figure that neatly rounds up from the 29% cited in the accompanying release. The company compares itself to a proxy peer set whose non-interest income sits at 23%, but the filings do not provide a peer-by-peer table, so the comparison is directional rather than exact.

Behind the headlines the balance sheet tells a quieter story. For the quarter ended March 31st 2026 QCRH reported $9.61 billion in total assets, $8.49 billion in liabilities, and $1.12 billion in shareholders’ equity. Operating cash flow was a modest $4.4 million while capex clocked in at $12.3 million, a gap that keeps the equity line looking healthier than the cash line. The company’s formal filings do not break out LIHTC-related cash flows separately, so the source requires readers to rely on management commentary for the magnitude of LIHTC programme receipts.

If you want to see how the market is pricing the stock, the SEC filings point to the Nasdaq-listed equity under ticker QCRH, but the company’s regional identity is clear from its filings and investor materials. The filings do not supply a share-price chart or trading-volume series, so the renderer will attach a Nasdaq price chart for QCRH only if the source rail explicitly supplies it; otherwise the chart rail is silent on price levels.

The company’s July 22nd filings include an 8-K, an investor presentation, and a press release, all of which are available from the SEC EDGAR index for CIK 0000906465. The filings confirm the LIHTC revenue figures and the wealth management metrics, but they do not provide a granular segment breakdown, forward guidance, or a reconciliation of non-GAAP measures beyond what is already in the release. Thursday’s filings also include the company’s 11-K for its employee stock purchase plan, which the filings describe but do not quantify in detail.

The tension in the file is simple: the LIHTC programme is delivering headline growth, but the operating cash line is thin and capex is rising. The filings do not supply next-quarter guidance, so investors will need management commentary or the next 10-Q to see whether the cash gap is temporary or structural. Until then, the balance sheet remains the only place you can still trust.