WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                          Date of Report: May 13, 2004
                        (Date of earliest event reported)

                               QCR Holdings, Inc.
             (Exact name of Registrant as specified in its charter)

                 (State or other jurisdiction of incorporation)

       0-22208                                         42-1397595
-------------------------                       -------------------------
(Commission File Number)                 (I.R.S. Employer Identification Number)

3551 Seventh Street, Suite 204, Moline, Illinois                        61265
--------------------------------------------------                    ----------
(Address of principal executive offices)                              (Zip Code)

                                 (309) 736-3580
              (Registrant's telephone number, including area code)

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)      Financial Statements of Business Acquired.


         (b)      Pro Forma Financial Information.


         (c)      Exhibits.

                  99.1     Shareholder letter to be presented in the quarterly
                           shareholder publication, "Investor Update".

Item 12.  Results of Operations and Financial Condition

On May 13,  2004,  QCR  Holdings,  Inc.  issued  a  shareholder  letter
discussing the Company's financial results for the first quarter ended
March 31, 2004. The letter is attached hereto as Exhibit 99.1.


Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned here unto duly authorized.

                               QCR HOLDINGS, INC.

Dated:  May 13, 2004                By:    /s/ Todd A Gipple
                                           Todd A. Gipple
                                           Chief Financial Officer