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Q2 Holdings, Inc. Announces Closing of Over-Allotment Option

Q2 Holdings, Inc. (NYSE: QTWO), a provider of secure virtual banking solutions, today announced that the underwriters of its recently completed initial public offering have exercised in full their option to purchase an additional 1,164,131 shares of common stock from Q2 to cover over-allotments. The sale of these additional shares of common stock closed earlier today, following the closing on March 25, 2014 of the sale of 6,250,000 shares by Q2 and 1,510,870 shares by selling stockholders. As a result, Q2 has received aggregate net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $86.4 million.

J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated served as joint book-running managers for the offering and RBC Capital Markets LLC, Raymond James & Associates, Inc., Canaccord Genuity, Inc. and Needham & Company, LLC acted as co-managers.

The shares were sold pursuant to a registration statement declared effective by the Securities and Exchange Commission on March 19, 2014. The offering of these securities was only made by means of a written prospectus forming a part of the effective registration statement. A copy of the prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; or Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, Attention: Prospectus Dept., San Francisco, California 94104, by telephone at (415) 364-2720, or by email at [email protected].

This press release shall not constitute an offer to sell or solicitation of any offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Q2:

Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2 solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities.

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