QCR Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter the company recognized net income attributable to QCR Holdings Inc. common stockholders of $0.55 million against $3.85 million a year ago. Interest income was $22.5 million against $21.54 million a year ago. Net interest income totaled $13.8 million which is an increase of $2.1 million, or nearly 18%, from $11.7 million for the same period of 2008. Diluted earnings per share from continuing operations attributable to QCR Holdings Inc. were $0.12 against $0.25 a year ago. Diluted earnings per share attributable to QCR Holdings Inc. were $0.12 against $0.83 a year ago. Income from continuing operations before taxes was $2.1 million against $2.3 million a year ago. Income from continuing operations was $1.6 million against $1.7 million a year ago. Net income was $1.5 million against $4.3 million a year ago. Return on average assets (annualized) was 0.36% against 1.08% a year ago. Return on average common equity (annualized) was 3.30% against 22.45% a year ago. For the nine months, the company recognized net loss attributable to QCR Holdings Inc. common stockholders of $1.9 million against net income attributable to QCR Holdings Inc. common stockholders of $5.4 million a year ago. Interest income was $64.7 million against $63.8 million a year ago. Net interest income was $37.9 million against $33.07 million a year ago. Diluted loss per share from continuing operations attributable to QCR Holdings Inc. were $0.43 against diluted earnings per share from continuing operations attributable to QCR Holdings Inc. $0.85 a year ago. Diluted loss per share attributable to QCR Holdings Inc. was $0.43 against diluted earnings per share attributable to QCR Holdings Inc. of $1.17 a year ago. Income from continuing operations before taxes was $0.54 million against $7.8 million a year ago. Income from continuing operations was $1.1 million against $5.6 million a year ago. Net income was $0.85 million against $6.7 million a year ago. Return on average assets (annualized) was 0.07% against 0.58% a year ago. Negative return on average common equity (annualized) was 3.77% against return on average common equity (annualized) of 10.83% a year ago. Book value per common share as on September 30, 2009 was $15.03 against $14.98 a year ago.

QCR Holdings Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. The company reported a net loss attributable to QCR Holdings Inc. of $820,000 for the quarter ended June 30, 2009, or diluted earnings per share for common shareholders of $0.42. Earnings for the second quarter of 2009 were significantly impacted by additional loan/lease loss provisions and the FDIC Special Assessment. For the quarter ended June 30, 2009, the company recognized a net loss from continuing operations attributable to QCR Holdings Inc. of $759,000 as compared to net income from continuing operations attributable to QCR Holdings Inc. of $2.1 million for the quarter ended June 30, 2008. For this same period, diluted earnings per share from continuing operations attributable to QCR Holdings Inc. decreased from $0.34 to $0.42. This reduction was due to significant increases in provision for loan/lease losses of $3.5 million and FDIC Assessments of $1.2 million. For the quarter, the company reported loss from continuing operation before tax $1,590,000, loss from continuing operation of $21,222,000 on interest income of $759,000 compared with income from continuing operation before tax $3,003,000, income from continuing operation of $2,130,000 on interest income of $21,001,000 for the same period a year ago. For the quarter, the company reported negative return on average assets of 0.19% and negative return on average common equity of 11.05% and book value per common share of $14.74 compared with return on average assets of 0.46% and return on average common equity of 8.21% book value per common share of $14.37 for the same period a year ago. For the six months ended June 30, 2009, the company reported a net loss attributable to QCR Holdings Inc. of $736,000 compared to net income attributable to QCR Holdings Inc. of $2.5 million for the same period in 2008. Net interest income for the six months ended June 30, 2009 totaled $24.2 million, which is an increase of $2.9 million, or nearly 14%, from $21.3 million for the six months ended June 30, 2008. For the six months, the company reported loss from continuing operation before tax $1,649,000, loss from continuing operation of $524,000 on interest income of $42,208,000 compared with income from continuing operation before tax $5,501,000, income from continuing operation of $3,960,000 on interest income of $42,262,000 for the same period a year ago. For the six months, the company reported negative return on average assets of 0.09% and negative return on average common equity of 7.19% compared with return on average assets of 0.32% and return on average common equity of 4.91% for the same period a year ago.

Doug Hultquist, President and CEO of QCR Holdings Inc. announced the retirement of Michael A. Bauer, co-founder of QCR Holdings, Inc. and Quad City Bank and Trust Company, effective May 6, 2009. First announced in 2006, Mike has been transitioning his duties by becoming Vice-Chairman of QCR Holdings, Inc. and Quad City Bank & Trust, and appointing John Anderson to serve as President of Quad City Bank & Trust in May 2007.