QCR Holdings (QCRH) reported adjusted net income of $36.4 million, or $2.21 per diluted share, a record EPS driven by a 3.58% net interest margin (TEY) and loan growth. Total loans reached $7.2 billion, nonperforming assets fell to 0.39% of total assets, and the company repurchased $9.5 million of shares. Total assets stood at $9.8 billion, and management expects to exceed the $10 billion threshold in the first half of 2027, with Q4 capital markets revenue guided at $18 million to $20 million. CEO Todd Gipple said changes to Freddie Mac's M series securitization program increased complexity and cost, prompting the company to seek alternative loan sale structures. He also warned of a Durbin-related revenue impact of about $3 million annually from mid-2028 once assets exceed $10 billion.
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