OVERLAND PARK, Kan., June 06, 2018 (GLOBE NEWSWIRE) -- QC Holdings, Inc. (OTC PINK:QCCO) reported a net loss of $114,000 and revenues of $24.1 million for the quarter ended March 31, 2018. Net income totaled $365,000 and revenues totaled $23.4 million for the quarter ended March 31, 2017.

The 3% improvement in revenues during first quarter 2018 compared to 2017 was primarily attributable to an increase in new and returning customers, as well as to an uptick in installment loan activity.

Loan loss rates increased during first quarter 2018 compared to 2017. This increase was primarily attributable to approximately $1.0 million in first quarter 2017 cash recoveries from the business-to-business portfolio and from branches that were closed at the end of 2016.

About QC Holdings, Inc.Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a leading provider of consumer loans in the United States and Canada. In the United States, QC offers various products, including single-pay, installment and title loans, check cashing, debit cards and money transfer services, through 255 branches in 14 states at March 31, 2018. In Canada, the company, through its subsidiary Direct Credit Holdings Inc., is engaged in short-term, consumer internet lending in various provinces.

Forward Looking Statement Disclaimer: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the company’s current expectations and are subject to many risks and uncertainties, which could cause actual results to differ materially from those forward-looking statements. These risks include (1) changes in laws or regulations or governmental interpretations of existing laws and regulations governing consumer protection or short-term lending practices, (2) uncertainties relating to the interpretation, application and promulgation of regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the impact of announced regulations by the Consumer Financial Protection Bureau (CFPB), (3) ballot referendum initiatives by industry opponents to cap the rates and fees that can be charged to customers, (4) uncertainties related to the examination process by the CFPB and indirect rulemaking through the examination process, (5) litigation or regulatory action directed towards us or the short-term consumer loan industry, (6) volatility in our earnings, primarily as a result of fluctuations in loan loss experience and closures of branches, (7) risks associated with our dependence on cash management banking services and the Automated Clearing House for loan collections, (8) negative media reports and public perception of the short-term consumer loan industry and the impact on federal and state legislatures and federal and state regulators, (9) changes in our key management personnel, (10) risks associated with owning and managing non-U.S. businesses, and (11) other various risks. QC will not update any forward-looking statements made in this press release to reflect future events or developments.

(Financial and Statistical Information Follows)

QC Holdings, Inc.Consolidated Condensed Statements of Operations(in thousands, except per share amounts)(Unaudited)

Quarter Ended March 31, 2017 2018 Revenues Consumer loan interest and fees $ 21,157 $ 21,808 Other 2,261 2,293 - ------ - ------ Total revenues 23,418 24,101 Provision for losses 3,270 5,223 Operating expenses 12,554 12,346 - ------ - ------ Gross profit 7,594 6,532 Corporate and Regional expenses 6,269 5,805 Other expense, net 819 789 - ------ - ------ Income (loss) before income taxes 506 (62 ) Provision for income taxes 141 52 - ------ - ------ Net income (loss) $ 365 $ (114 ) - ------ - ------ Income (loss) per share: Basic Net income (loss) $ 0.02 $ (0.01 ) - ------ - ------ Diluted Net income (loss) $ 0.02 $ (0.01 ) - ------ - ------ Weighted average number of common shares outstanding: Basic 17,333 17,333 Diluted 17,333 17,333

QC Holdings, Inc.Consolidated Condensed Balance Sheets(in thousands)

March December 31, 31, 2017 2018 ASSETS (Unaudite d) Current assets Cash and cash equivalents $ 16,198 $ 21,926 Restricted cash 1,879 1,873 Loans receivable, less allowance for losses of $7,755 at December 31, 2017 and $7,124 at 32,921 26,614 March 31, 2018 Other current assets 3,748 3,619 - ------ - ------ Total current assets 54,746 54,032 Non-current loans receivable, less allowance for losses of $83 at December 31, 2017 and $60 258 202 at March 31, 2018 Property and equipment, net 8,241 8,416 Other assets, net 7,313 7,169 - ------ - ------ Total assets $ 70,558 $ 69,819 - ------ - ------ LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable and other current liabilities $ 9,355 $ 9,249 Revolving credit facility 2,500 2,495 Subordinated debt 8,168 7,744 - ------ - ------ Total current liabilities 20,023 19,488 Non-current liabilities 4,471 4,402 - ------ - ------ Total liabilities 24,494 23,890 Stockholders’ equity 46,064 45,929 - ------ - ------ Total liabilities and stockholders’ equity $ 70,558 $ 69,819 - ------ - ------

QC Holdings, Inc.Consolidated Condensed Statements of Cash Flows(in thousands)(Unaudited)

Quarter Quarter Ended Ended March 31, March 31, 2017 2018 Operating activities: Net income (loss) $ 365 $ (114 ) Adjustments to reconcile net income (loss) to net cash 4,202 6,152 Changes in assets and liabilities 5,441 1,060 - ------ - ------ Net operating 10,008 7,098 - ------ - ------ Investing activities: Capital expenditures (838 ) (861 ) Other 1 - - ------ - ------ Net investing (837 ) (861 ) - ------ - ------ Financing activities: Net repayment of borrowings (500 ) Other - - - ------ - ------ Net financing - (500 ) - ------ - ------ Effect of exchange rate changes on cash, cash equivalents and restricted cash 32 (15 ) - ------ - ------ Net increase in cash, cash equivalents and restricted cash 9,203 5,722 Cash, cash equivalents and restricted cash at beginning of year 18,525 18,077 - ------ - ------ Cash, cash equivalents and restricted cash at end of period $ 27,728 $ 23,799 - ------ - ------

Contact:Douglas E. Nickerson (913-234-5154)Chief Financial Officer