Brittany Whitfield
About Brittany Whitfield
Brittany N. Whitfield, age 39, is QCR Holdings’ Chief Accounting Officer and principal accounting officer effective May 22, 2025. She holds bachelor’s and master’s degrees in accounting from the University of Northern Iowa and is a Certified Public Accountant; she joined QCR in 2017 and advanced through internal audit and financial reporting leadership roles . Company performance context during her recent tenure: FY2024 net income was $113.9M with diluted EPS of $6.71; the year delivered 10% loan/lease growth and 8% deposit growth . QCR’s cumulative TSR (value of $100 investment) reached $188 in 2024, reflecting multi-year shareholder value creation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| QCR Holdings, Inc. | Senior Internal Auditor | 2017 | Strengthened internal controls and risk oversight |
| QCR Holdings, Inc. | Financial Reporting Manager | 2017–2018 | Led SEC and external reporting processes |
| QCR Holdings, Inc. | Vice President, Financial Reporting Manager | 2018–2025 | Managed consolidated reporting; supported audits and governance |
| QCR Holdings, Inc. | Chief Accounting Officer (Principal Accounting Officer) | 2025–present | Oversees accounting policies, controls, and financial reporting as PAO |
Equity Ownership & Alignment
| Item | As of | Detail |
|---|---|---|
| Direct common shares owned | 06-30-2025 | 80 |
| Indirect common shares (managed account) | 06-30-2025 | 1,081 |
| Total beneficial ownership (shares) | 06-30-2025 | 1,161 |
| Shares outstanding | 03-27-2025 | 16,919,285 |
| Ownership as % of shares outstanding | 06-30-2025 | ~0.0069% (1,161 / 16,919,285) |
- Insider policies: QCR prohibits hedging and pledging by directors and executive officers; pledging requires prior Nomination & Governance Committee approval .
- Clawback: Nasdaq-compliant clawback policy adopted in Aug-2023 for incentive compensation in the event of a restatement .
- Stock ownership guidelines apply to NEOs and directors; Whitfield was appointed CAO but is not listed as a 2024 NEO in the proxy’s CD&A .
Employment Terms
- Appointment: Chief Accounting Officer and principal accounting officer effective May 22, 2025; no arrangement/understanding with other persons; no 404(a) related-party transactions; no family relationships disclosed .
- Certifications: Signed Sarbanes-Oxley certifications as CAO on Q2 and Q3 2025 Form 10-Qs, reflecting disclosure controls responsibility alongside CEO/CFO .
- Equity plans and vesting framework: Company-wide equity plans use double-trigger change-in-control vesting and typical 4-year RSU vesting cadence for senior awards; applicability and specific awards for CAO are not disclosed in filings reviewed .
Performance & Track Record (Company context)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Net Income ($USD Millions) | $99.1 | $113.6 | $113.9 |
| Diluted EPS ($) | $5.87 | $6.73 | $6.71 |
| TSR – Value of $100 Investment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| QCR Holdings Total Shareholder Return | $91 | $129 | $115 | $136 | $188 |
- FY2024 operating highlights: loan/lease growth 10%, deposit growth 8%; capital markets revenue $71.1M; nonperforming assets 0.50% of total assets .
- Say‑on‑pay context: 2024 advisory approval ~96% in favor, signaling investor support for compensation governance .
Compensation Governance & Policies (Company)
- Anti-hedging and anti-pledging: Prohibited for employees and directors; pledging requires prior committee approval .
- Clawback: Nasdaq-compliant policy to recoup incentive pay on restatements .
- Equity plans: 2024 Equity Incentive Plan reserves 600,000 shares; double-trigger vesting on change-in-control; acceleration on death/disability .
- Ownership guidelines: Directors and NEOs must meet share thresholds; compliance reported for all directors and NEOs as of proxy date .
Investment Implications
- Alignment: Whitfield’s role as PAO centralizes accountability for financial reporting; her Form 3 shows modest holdings (~0.007% of shares), with strong governance mitigating hedging/pledging risks .
- Retention and selling pressure: No employment agreement or grant disclosures specific to the CAO were filed with the appointment; absence of disclosed RSU schedules and Form 4 activity reduces visibility into near-term selling pressure or vesting overhang .
- Governance quality: Robust insider trading, anti‑hedging/pledging, and clawback policies, plus consistent say‑on‑pay support, indicate disciplined compensation governance—supportive for control environment and investor confidence .