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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 194.87 | 136.98 | 215.83 | 206.95 |
| Pretax Income | 70.28 | 2.42 | 78.28 | 26.38 |
| Tax Provision | 12.59 | -5.41 | 15.66 | 3.65 |
| Net Income | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income Common Stockholders | 57.69 | 7.82 | 62.62 | 22.73 |
| Interest Expense | 25.42 | 87.69 | 110.68 | 104.75 |
| Interest Income | 188.25 | 246.71 | 296.84 | 330.83 |
| Selling General And Administration | 68.19 | 72 | 80.64 | 92.59 |
| Normalized Income | 57.39 | 8.06 | 64.48 | 30.84 |
| Basic EPS | 3.56 | 0.50 | 4.04 | 1.24 |
| Diluted EPS | 3.51 | 0.50 | 4 | 1.23 |
| Tax Effect Of Unusual Items | 0.07 | -0.06 | -0.47 | -1.31 |
| Tax Rate For Calcs | 0.18 | 0.21 | 0.20 | 0.14 |
| Total Unusual Items | 0.37 | -0.30 | -2.33 | -9.43 |
| Total Unusual Items Excluding Goodwill | 0.37 | -0.30 | -2.33 | -9.43 |
| Net Income From Continuing Operation Net Minority Interest | 57.69 | 7.82 | 62.62 | 22.73 |
| Reconciled Depreciation | 9.37 | 8.64 | 10.26 | 11.35 |
| Net Interest Income | 162.83 | 159.02 | 186.16 | 226.08 |
| Net Income From Continuing And Discontinued Operation | 57.69 | 7.82 | 62.62 | 22.73 |
| Diluted Average Shares | 16.44 | 15.65 | 15.67 | 18.46 |
| Basic Average Shares | 16.21 | 15.54 | 15.49 | 18.30 |
| Diluted NI Availto Com Stockholders | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income Including Noncontrolling Interests | 57.69 | 7.82 | 62.62 | 22.73 |
| Net Income Continuous Operations | 57.69 | 7.82 | 62.62 | 22.73 |
| Special Income Charges | 0.37 | -0.30 | -2.33 | -9.43 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | -0.37 | 0.30 | 2.33 | 8.06 |
| Gain On Sale Of Security | 0.01 | -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 |
| Amortization | 4.04 | 3.37 | 4.29 | 4.50 |
| Amortization Of Intangibles Income Statement | 4.04 | 3.37 | 4.29 | 4.50 |
| Selling And Marketing Expense | 5.04 | 5.42 | 5.37 | 5.23 |
| General And Administrative Expense | 63.15 | 66.58 | 75.27 | 87.36 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.14 | 2.19 | 2.48 | 2.58 |
| Salaries And Wages | 62.01 | 64.38 | 72.79 | 84.79 |
| Operating Revenue | 194.87 | 136.98 | 215.83 | 206.95 |
| 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 | $941M | 38.39β premium | 1.15 | 3.1% | - |
| loanDepot, Inc. | LDI | $978M | - | 1.46 | -16.2% | - |
| Virtus Investment Partners, Inc. | VRTS | $977M | 6.93 | 1.03 | 14.8% | 8.04 |
| Amerant Bancorp Inc. | AMTB | $960M | 16.11 | 1.01 | 5.6% | - |
| Burke & Herbert Financial Services Corp. | BHRB |
| $957M |
| 8.25 |
| 1.12 |
| 13.7% |
| - |
| MetroCity Bankshares, Inc. | MCBS | $916M | 11.50 | 1.69 | 12.6% | - |
| Horizon Bancorp, Inc. | HBNC | $914M | - | 1.31 | -21.9% | - |
| Esquire Financial Holdings, Inc. | ESQ | $910M | 17.75 | 2.87 | 17.5% | - |
| Abacus Global Management, Inc. | ABX | $902M | 26.06 | 2.18 | 8.7% | 11.09 |
| Peer Median | - | 13.80 | 1.38 | 10.7% | 9.57 | |