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Equity 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. It accepts demand, savings, money market, and time deposits. The company's loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, government guaranteed, letter of credit, and other loan products. It also provides loans for 1 Β 4 family residential mortgages, agricultural, consumer, residential real estate mortgage, and agricultural real estate and production loans. In addition, the company offers debit and credit cards; insurance brokerage; trust and wealth management; 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; night depository; direct deposit; cashier's and travelers checks; letters of credit; and ITMs and ATMs. Further, it provides cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts; and banking services through telephone, mail, and personal appointments. Additionally, the company offers treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearing house origination, and stop payments. It operates in Arkansas, Kansas, Missouri, and Oklahoma. Equity Bancshares, Inc. was founded in 1985 and is headquartered in Wichita, Kansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $207M | - | $23M | $38M | 3.1% | -4.1% | -63.7% |
| 2024 | $216M | - | $63M | $65M | 10.6% | 57.6% | 700.7% |
| 2023 | $137M | - | $8M | $60M | 1.7% | -29.7% | -86.4% |
| 2022 | $195M | - | $58M | $71M | 14.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 194.87 | 136.98 | 215.83 | 206.95 |
| Operating Revenue | - | 194.87 | 136.98 | 215.83 | 206.95 |
| Selling General And Administration | - | 68.19 | 72 | 80.64 | 92.59 |
| Interest Income | - | 188.25 | 246.71 | 296.84 | 330.84 |
| Interest Expense | - | 25.42 | 87.69 | 110.68 | 104.75 |
| Net Interest Income | - | 162.83 | 159.02 | 186.16 | 226.08 |
| Pretax Income | - | 70.28 | 2.42 | 78.28 | 26.38 |
| Tax Provision | - | 12.59 | -5.41 | 15.66 | 3.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.07 | -0.06 | -0.47 | -1.31 |
| Net Income Continuous Operations | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income From Continuing And Discontinued Operation | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income From Continuing Operation Net Minority Interest | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income Common Stockholders | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income Including Noncontrolling Interests | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Normalized Income | - | 57.39 | 8.06 | 64.48 | 30.84 |
| Diluted NI Availto Com Stockholders | - | 57.69 | 7.82 | 62.62 | 22.73 |
| Basic Average Shares | - | 16.21 | 15.54 | 15.49 | 18.30 |
| Diluted Average Shares | - | 16.44 | 15.65 | 15.67 | 18.46 |
| Reconciled Depreciation | - | 9.37 | 8.64 | 10.26 | 11.35 |
| Total Unusual Items | - | 0.37 | -0.30 | -2.33 | -9.43 |
| Total Unusual Items Excluding Goodwill | - | 0.37 | -0.30 | -2.33 | -9.43 |
| Special Income Charges | - | 0.37 | -0.30 | -2.33 | -9.43 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | -0.37 | 0.30 | 2.33 | 8.06 |
| Gain On Sale Of Security | - | 0 | -51.91 | 0.22 | -53.17 |
| Depreciation Amortization Depletion Income Statement | - | 4.04 | 3.37 | 4.29 | 4.50 |
| Depreciation And Amortization In Income Statement | - | 4.04 | 3.37 | 4.29 | 4.50 |
| General And Administrative Expense | - | 63.15 | 66.58 | 75.27 | 87.36 |
| Other Gand A | 16.66 | - | - | - | - |
| Salaries And Wages | - | 62.01 | 64.38 | 72.79 | 84.79 |
| Insurance And Claims | - | 1.14 | 2.19 | 2.48 | 2.58 |
| Selling And Marketing Expense | - | 5.04 | 5.42 | 5.37 | 5.23 |
| Amortization | - | 4.04 | 3.37 | 4.29 | 4.50 |
| Amortization Of Intangibles Income Statement | - | 4.04 | 3.37 | 4.29 | 4.50 |
| Occupancy And Equipment | - | 12.22 | 12.32 | 14.37 | 15.80 |
| Professional Expense And Contract Services Expense | - | 4.95 | 5.75 | 6.50 | 6.47 |
| Other Non Interest Expense | - | 35.45 | 39.23 | 31.17 | 42.84 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Equity Bancshares, Inc.this co. | EQBK | $946M | 41.62β premium | 1.29 | 3.1% | - |
| Horizon Bancorp, Inc. | HBNC | $961M | -6.39 | 1.40 | -21.9% | - |
| MetroCity Bankshares, Inc. | MCBS | $960M | 14.01 | 1.76 | 12.6% | - |
| Trupanion, Inc. | TRUP | $949M | 48.82 | 2.47 | 5.1% | 17.88 |
| Esquire Financial Holdings, Inc. | ESQ | $938M |
| - |
| - |
| - |
| - |
| - |
| 18.46 |
| 3.24 |
| 17.5% |
| - |
| Ategrity Specialty Insurance Company Holdings | ASIC | $934M | 12.62 | 1.52 | 12.0% | - |
| Business First Bancshares, Inc. | BFST | $928M | 10.56 | 1.12 | 10.7% | - |
| Five Star Bancorp | FSBC | $922M | 14.97 | 2.07 | 13.8% | - |
| TrustCo Bank Corp NY | TRST | $920M | 15.05 | 1.34 | 8.9% | - |
| Peer Median | - | 14.49 | 1.64 | 11.3% | 17.88 | |