Equity Bancshares, Inc. (EQBK) 10-Year Financial Performance & Capital Metrics

EQBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutEquity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses. The company's loan products also comprise various consumer loans to individuals and professionals, including residential real estate loans, home equity loans and lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It also provides debit cards; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; ATMs; and treasury management, wire transfer, automated clearing house, and stop payment services. In addition, the company offers cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts, as well as banking services through telephone, mail, and personal appointments. As of December 31, 2021, it operated a network of 69 branches in Arkansas, Kansas, Missouri, and Oklahoma. The company was founded in 2002 and is headquartered in Wichita, Kansas.Show more

Net Interest Income $186M +17.1%
Total Revenue $327M +45.3%
Net Income $63M +700.7%
Return on Equity 11.98% +560.7%
Net Interest Margin 3.49% +10.5%
Efficiency Ratio 42.69% -28.0%
ROA 1.21% +673.4%
Equity / Assets 11.12% +23.6%
Book Value per Share 37.83 +30.7%
Tangible BV/Share 33.49 +33.5%
Debt/Equity 0.53 -37.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.6%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 42.7% efficiency ratio
✓Well capitalized: 11.1% equity/assets
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y19.55%

5Y10.53%

3Y20.46%

TTM-

Profit (Net Income) CAGR

10Y21.43%

5Y19.61%

3Y6.07%

TTM1.68%

EPS CAGR

10Y12.7%

5Y19.96%

3Y5.26%

TTM9.09%

ROCE

10Y Avg4.4%

5Y Avg4.14%

3Y Avg6.8%

Latest9.05%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	46.26M	52.6M	86M	124.8M	125.86M	132.65M	142.58M	162.83M	159.02M	186.16M
NII Growth %	0.12%	0.14%	0.64%	0.45%	0.01%	0.05%	0.07%	0.14%	-0.02%	0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	53.03M	61.8M	102.69M	161.56M	175.5M	155.56M	157.37M	188.25M	246.71M	296.84M
Interest Expense	6.77M	9.2M	16.69M	36.76M	49.64M	22.91M	14.79M	25.42M	87.69M	110.68M
Loan Loss Provision	3.05M	2.12M	2.63M	3.96M	18.35M	24.25M	-8.56M	-124K	1.36M	-1.83M
Non-Interest Income+	8.26M	9.2M	13.19M	17.36M	22.43M	21.48M	29.44M	32.04M	-22.04M	29.67M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	61.29M	70.99M	115.88M	178.92M	197.93M	177.04M	186.81M	220.28M	224.68M	326.51M
Revenue Growth %	0.12%	0.16%	0.63%	0.54%	0.11%	-0.11%	0.06%	0.18%	0.02%	0.45%
Non-Interest Expense	37.04M	45.8M	65.53M	92.03M	97.08M	204.45M	116.15M	124.71M	133.21M	139.38M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14.44M	13.87M	31.03M	46.17M	32.86M	-74.57M	64.44M	70.28M	2.42M	78.28M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.09%	-0.04%	1.24%	0.49%	-0.29%	-3.27%	1.86%	0.09%	-0.97%	31.41%
Pretax Income+	14.44M	13.87M	31.03M	46.17M	32.86M	-74.57M	64.44M	70.28M	2.42M	78.28M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.14M	4.5M	10.38M	10.35M	7.28M	400K	11.96M	12.59M	-5.41M	15.66M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	10.3M	9.37M	20.65M	35.83M	25.58M	-74.97M	52.48M	57.69M	7.82M	62.62M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.15%	-0.09%	1.2%	0.73%	-0.29%	-3.93%	1.7%	0.1%	-0.86%	7.01%
Net Income (Continuing)	10.3M	9.37M	20.65M	35.83M	25.58M	-74.97M	52.48M	57.69M	7.82M	62.62M
EPS (Diluted)+	1.54	1.07	1.62	2.28	1.61	-4.97	3.43	3.51	0.50	4.00
EPS Growth %	0.27%	-0.31%	0.51%	0.41%	-0.29%	-4.09%	1.69%	0.02%	-0.86%	7%
EPS (Basic)	1.55	1.09	1.66	2.33	1.64	-4.97	3.49	3.56	0.50	4.04
Diluted Shares Outstanding	6.57M	8.76M	12.75M	15.71M	15.84M	15.1M	15.31M	16.44M	15.65M	15.67M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	41.52M	37.89M	51.53M	197.73M	91.47M	280.4M	259.13M	104.01M	363.29M	383.5M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.4B	1.94B	2.81B	3.48B	3.46B	3.44B	4.44B	4.45B	4.21B	4.47B
Investments Growth %	0.35%	0.39%	0.45%	0.24%	-0.01%	-0.01%	0.29%	0%	-0.05%	0.06%
Long-Term Investments	1.27B	1.85B	2.65B	3.32B	3.32B	2.57B	3.11B	3.27B	3.29B	3.66B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	18.13M	58.87M	104.91M	131.71M	136.43M	31.6M	54.47M	53.1M	53.1M	53.1M
Intangible Assets	1.55M	4.71M	10.74M	21.73M	19.91M	16.06M	14.88M	10.6M	7.22M	14.97M
PP&E (Net)	39.15M	50.52M	63.45M	80.44M	84.48M	89.41M	104.04M	101.49M	112.63M	117.13M
Other Assets	81.14M	89.77M	118.66M	128.58M	140.07M	137.85M	248.15M	239.43M	261.14M	266.69M
Total Current Assets	176.87M	140.61M	226.17M	383.97M	249.28M	1.17B	1.6B	1.31B	1.31B	1.22B
Total Non-Current Assets	1.41B	2.05B	2.94B	3.68B	3.7B	2.85B	3.53B	3.67B	3.73B	4.12B
Total Assets+	1.59B	2.19B	3.17B	4.06B	3.95B	4.01B	5.14B	4.98B	5.03B	5.33B
Asset Growth %	0.35%	0.38%	0.45%	0.28%	-0.03%	0.02%	0.28%	-0.03%	0.01%	0.06%
Return on Assets (ROA)	0.01%	0%	0.01%	0.01%	0.01%	-0.02%	0.01%	0.01%	0%	0.01%
Accounts Payable	5.42M	7.36M	10.73M	13.69M	18.53M	19.07M	47.41M	32.83M	36.46M	0
Total Debt+	194.06M	293.91M	401.65M	464.68M	383.63M	133.86M	151.89M	281.73M	380.5M	312.8M
Net Debt	152.54M	256.02M	350.12M	266.95M	292.16M	-146.54M	-107.24M	177.72M	17.21M	-70.71M
Long-Term Debt	173.3M	273.27M	364.16M	414.61M	347.92M	97.83M	95.89M	235.26M	336.92M	275.55M
Short-Term Debt	20.76M	20.64M	37.49M	50.07M	35.71M	36.03M	56.01M	46.48M	43.58M	37.25M
Other Liabilities	3.09M	2.5M	1.97M	3.96M	5.84M	5.19M	17.69M	15.22M	19.32M	51.54M
Total Current Liabilities	1.24B	1.66B	2.43B	3.19B	3.12B	3.5B	4.52B	4.32B	4.23B	4.41B
Total Non-Current Liabilities	176.4M	273.27M	364.16M	414.61M	353.76M	103.02M	113.58M	250.47M	356.24M	327.09M
Total Liabilities	1.42B	1.93B	2.8B	3.61B	3.47B	3.61B	4.64B	4.57B	4.58B	4.74B
Total Equity+	167.23M	257.96M	374.14M	455.94M	478.06M	407.65M	500.63M	410.06M	452.86M	592.92M
Equity Growth %	0.42%	0.54%	0.45%	0.22%	0.05%	-0.15%	0.23%	-0.18%	0.1%	0.31%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.04%	0.07%	0.09%	0.05%	-0.17%	0.12%	0.13%	0.02%	0.12%
Book Value per Share	25.44	29.45	29.35	29.02	30.17	27.00	32.71	24.95	28.94	37.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	97K	132K	161K	173K	174K	174K	203K	205K	207K	230K
Additional Paid-in Capital	138.08M	236.1M	331.34M	379.08M	382.73M	386.82M	478.86M	484.99M	489.19M	584.42M
Retained Earnings	34.95M	44.33M	65.51M	101.33M	125.76M	50.79M	88.32M	140.09M	141.01M	194.92M
Accumulated OCI	-2.37M	-2.7M	-3.09M	-4.87M	-3K	19.78M	1.78M	-113.51M	-57.92M	-55.18M
Treasury Stock	-19.66M	-19.66M	-19.66M	-19.66M	-30.52M	-49.87M	-68.53M	-101.72M	-119.62M	-131.47M
Preferred Stock	16.37M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.62M	15.55M	27.63M	36.67M	48.52M	43.62M	102.7M	74.07M	76.53M	73.84M
Operating CF Growth %	-0%	0.14%	0.78%	0.33%	0.32%	-0.1%	1.35%	-0.28%	0.03%	-0.04%
Net Income	10.3M	9.37M	20.65M	35.83M	25.58M	-74.97M	52.48M	57.69M	7.82M	62.62M
Depreciation & Amortization	1.95M	2.18M	3.57M	5.62M	7.41M	8.24M	8.91M	9.37M	8.64M	10.26M
Deferred Taxes	2.43M	909K	2.62M	3.48M	1.56M	-11.09M	1.59M	2.59M	-2.44M	796K
Other Non-Cash Items	-453K	2.17M	1.21M	-4.04M	13.57M	122.23M	20.94M	-818K	52.22M	-15.79M
Working Capital Changes	-1.13M	356K	-1.52M	-6.73M	-2.47M	-4.26M	15.88M	1.92M	7.07M	11.91M
Cash from Investing+	-266.94M	-140.69M	-222.92M	-171.49M	96.1M	96M	-315.34M	-214.18M	232.17M	123.73M
Purchase of Investments	-210.97M	-193.11M	-239.04M	-188.38M	-154.57M	-268.59M	-785.38M	-188.53M	-522.35M	-187.64M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-9.05M	-2.97M	-3.49M	20.09M	85.36M	25.93M	173.86M	-41.27M	0	62.17M
Other Investing	-147.59M	-83.71M	-133.8M	-126.21M	12.28M	12.81M	-171.62M	-149.32M	-19.31M	-30.88M
Cash from Financing+	278.44M	103.41M	212.4M	275.44M	-248.15M	51.78M	191.9M	-15.41M	-34.03M	-192.93M
Dividends Paid	-164K	-42K	0	0	0	0	-1.15M	-5.56M	-6.61M	-7.89M
Share Repurchases	0	0	0	0	-10.87M	-19.35M	-18.66M	-33.19M	-17.9M	-11.86M
Stock Issued	38.95M	23.75M	1.22M	133K	0	0	0	0	0	86.98M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	142.37M	34.47M	132.08M	243.63M	-170.37M	319.3M	236.18M	-115.53M	-110.65M	-190.49M
Net Change in Cash+	25.12M	-21.73M	17.1M	140.62M	-103.53M	191.41M	-20.74M	-155.53M	274.67M	4.65M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	31.71M	56.83M	35.09M	52.2M	192.82M	89.29M	280.7M	259.95M	104.43M	379.1M
Cash at End	56.83M	35.09M	52.2M	192.82M	89.29M	280.7M	259.95M	104.43M	379.1M	383.75M
Interest Paid	6.67M	8.94M	15.04M	32.67M	48.37M	25.67M	15.03M	25.8M	80.81M	116.19M
Income Taxes Paid	2.94M	3.21M	6.44M	9.21M	3.11M	11.61M	4.59M	1.22M	3.47M	6.2M
Free Cash Flow+	7.88M	12.75M	20.75M	27.84M	41.52M	34.01M	97.6M	70.58M	60.39M	65.35M
FCF Growth %	-0.12%	0.62%	0.63%	0.34%	0.49%	-0.18%	1.87%	-0.28%	-0.14%	0.08%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.23%	4.41%	6.53%	8.63%	5.48%	-16.93%	11.56%	12.67%	1.81%	11.98%
Return on Assets (ROA)	0.75%	0.5%	0.77%	0.99%	0.64%	-1.88%	1.15%	1.14%	0.16%	1.21%
Net Interest Margin	2.92%	2.4%	2.71%	3.07%	3.19%	3.31%	2.77%	3.27%	3.16%	3.49%
Efficiency Ratio	60.43%	64.52%	56.55%	51.43%	49.05%	115.48%	62.18%	56.61%	59.29%	42.69%
Equity / Assets	10.55%	11.77%	11.8%	11.23%	12.1%	10.16%	9.74%	8.23%	8.99%	11.12%
Book Value / Share	25.44	29.45	29.35	29.02	30.17	27	32.71	24.95	28.94	37.83
NII Growth	11.85%	13.69%	63.51%	45.11%	0.85%	5.4%	7.48%	14.2%	-2.34%	17.07%
Dividend Payout	-	-	-	-	-	-	2.19%	9.64%	84.57%	12.6%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Debit Card	6.18M	-	9.14M	-	-	10.32M	10.25M
Debit Card Growth	-	-	-	-	-	-	-0.74%
Financial Service	7.25M	-	6.86M	-	-	10.19M	9.83M
Financial Service Growth	-	-	-	-	-	-	-3.50%
Mortgage Banking	1.3M	2.47M	3.15M	3.31M	1.42M	652K	861K
Mortgage Banking Growth	-	90.14%	27.76%	4.85%	-57.17%	-53.95%	32.06%

Frequently Asked Questions

Valuation & Price

Equity Bancshares, Inc. (EQBK) has a price-to-earnings (P/E) ratio of 11.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Equity Bancshares, Inc. (EQBK) grew revenue by 45.3% over the past year. This is strong growth.

Yes, Equity Bancshares, Inc. (EQBK) is profitable, generating $17.6M in net income for fiscal year 2024 (19.2% net margin).

Dividend & Returns

Yes, Equity Bancshares, Inc. (EQBK) pays a dividend with a yield of 1.06%. This makes it attractive for income-focused investors.

Equity Bancshares, Inc. (EQBK) has a return on equity (ROE) of 12.0%. This is reasonable for most industries.

Industry Metrics

Equity Bancshares, Inc. (EQBK) has a net interest margin (NIM) of 3.5%. This indicates healthy earnings from lending activities.

Equity Bancshares, Inc. (EQBK) has an efficiency ratio of 42.7%. This is excellent, indicating strong cost control.

US Stock Screener

...