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Monte McNew is among the highest-paid executives named in a proxy filing by QCR Holdings.
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Monte McNew is among the highest-paid executives named in a proxy filing by QCR Holdings.

Guaranty parent company reports executive compensation

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QCR Holdings Inc. (Nasdaq: QCRH), the parent company of Springfield-based Guaranty Bank, reported its executive compensation in a U.S. Securities and Exchange Commission filing this week.

The proxy filing shows Guaranty Bank CEO Monte McNew's total compensation grew by 2.6% in 2023 to $484,704.

McNew's base salary rose to $265,412 from $254,592 in 2022, leading the growth in total compensation along with nonequity incentive plan compensation, according to the SEC filing.

QCR Holdings CEO Larry Helling remained the company's top-paid executive, with total compensation last year of $1.8 million. That's down from $1.86 million in 2022.

During 2023, QCR Holdings' net income rose 14.6% to $113.6 million, according to past reporting.

QCRH shares were trading at $55.55 as of 9:47 a.m., compared with a 52-week range of $35.14 to $62.94 per share.

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