Annual Income Statements for Equity Bancshares
This table shows Equity Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Equity Bancshares
This table shows Equity Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
Consolidated Net Income / (Loss) |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
Net Income / (Loss) Continuing Operations |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
Total Pre-Tax Income |
|
19 |
15 |
15 |
13 |
14 |
-40 |
18 |
16 |
24 |
20 |
Total Revenue |
|
51 |
50 |
48 |
46 |
50 |
-3.95 |
56 |
55 |
55 |
58 |
Net Interest Income / (Expense) |
|
42 |
42 |
39 |
39 |
41 |
39 |
44 |
46 |
46 |
49 |
Total Interest Income |
|
49 |
53 |
56 |
61 |
65 |
64 |
72 |
75 |
75 |
75 |
Loans and Leases Interest Income |
|
42 |
46 |
48 |
53 |
55 |
55 |
59 |
62 |
62 |
63 |
Investment Securities Interest Income |
|
6.48 |
6.62 |
6.62 |
6.38 |
6.07 |
6.77 |
10 |
11 |
10 |
9.62 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.51 |
0.65 |
1.13 |
2.13 |
3.82 |
2.59 |
2.67 |
3.04 |
2.67 |
1.98 |
Total Interest Expense |
|
6.60 |
11 |
17 |
22 |
24 |
25 |
28 |
29 |
29 |
26 |
Deposits Interest Expense |
|
4.40 |
8.01 |
14 |
17 |
19 |
20 |
23 |
23 |
24 |
21 |
Short-Term Borrowings Interest Expense |
|
0.41 |
1.50 |
1.02 |
0.95 |
0.97 |
1.01 |
1.14 |
3.79 |
3.09 |
2.16 |
Long-Term Debt Interest Expense |
|
1.72 |
1.80 |
1.98 |
3.48 |
3.44 |
3.45 |
3.26 |
1.90 |
1.91 |
1.88 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.07 |
0.08 |
0.20 |
0.19 |
0.25 |
0.30 |
0.33 |
0.31 |
0.26 |
0.26 |
Total Non-Interest Income |
|
8.97 |
8.33 |
8.60 |
6.95 |
8.74 |
-43 |
12 |
8.96 |
9.32 |
8.82 |
Other Service Charges |
|
2.45 |
-4.10 |
1.80 |
2.00 |
7.94 |
17 |
9.62 |
2.61 |
6.94 |
12 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.02 |
0.44 |
0.03 |
-1.32 |
-0.00 |
-51 |
1.28 |
-0.03 |
1.04 |
0.06 |
Other Non-Interest Income |
|
6.53 |
12 |
6.77 |
6.28 |
0.79 |
-9.78 |
0.83 |
6.32 |
1.34 |
-3.52 |
Provision for Credit Losses |
|
-0.14 |
-0.15 |
-0.37 |
0.30 |
1.23 |
0.71 |
1.00 |
0.27 |
1.18 |
0.10 |
Total Non-Interest Expense |
|
32 |
35 |
33 |
33 |
34 |
35 |
37 |
39 |
30 |
38 |
Salaries and Employee Benefits |
|
15 |
16 |
17 |
15 |
16 |
17 |
18 |
18 |
18 |
18 |
Net Occupancy & Equipment Expense |
|
7.27 |
7.25 |
6.80 |
7.43 |
7.82 |
7.72 |
8.36 |
8.82 |
8.63 |
8.56 |
Marketing Expense |
|
1.19 |
1.90 |
1.16 |
1.25 |
1.42 |
1.60 |
1.24 |
1.29 |
1.37 |
1.47 |
Property & Liability Insurance Claims |
|
0.34 |
0.36 |
0.36 |
0.52 |
0.66 |
0.66 |
0.57 |
0.59 |
0.66 |
0.66 |
Other Operating Expenses |
|
6.93 |
8.38 |
7.31 |
7.78 |
7.69 |
7.39 |
6.43 |
6.84 |
-0.55 |
7.69 |
Amortization Expense |
|
0.96 |
0.92 |
0.92 |
0.92 |
0.80 |
0.74 |
0.90 |
1.22 |
1.11 |
1.06 |
Income Tax Expense |
|
3.64 |
3.65 |
2.52 |
1.50 |
1.93 |
-11 |
3.69 |
4.58 |
3.99 |
3.40 |
Basic Earnings per Share |
|
$0.94 |
$0.73 |
$0.78 |
$0.74 |
$0.80 |
($1.82) |
$0.91 |
$0.77 |
$1.30 |
$1.06 |
Weighted Average Basic Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Diluted Earnings per Share |
|
$0.93 |
$0.71 |
$0.77 |
$0.74 |
$0.80 |
($1.81) |
$0.90 |
$0.76 |
$1.28 |
$1.06 |
Weighted Average Diluted Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Weighted Average Basic & Diluted Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Annual Cash Flow Statements for Equity Bancshares
This table details how cash moves in and out of Equity Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-156 |
275 |
4.65 |
Net Cash From Operating Activities |
74 |
77 |
74 |
Net Cash From Continuing Operating Activities |
74 |
77 |
74 |
Net Income / (Loss) Continuing Operations |
58 |
7.82 |
63 |
Consolidated Net Income / (Loss) |
58 |
7.82 |
63 |
Provision For Loan Losses |
0.13 |
1.87 |
2.55 |
Depreciation Expense |
4.47 |
4.52 |
5.38 |
Amortization Expense |
7.41 |
7.73 |
0.54 |
Non-Cash Adjustments to Reconcile Net Income |
3.94 |
47 |
-9.06 |
Changes in Operating Assets and Liabilities, net |
0.44 |
7.59 |
12 |
Net Cash From Investing Activities |
-214 |
232 |
124 |
Net Cash From Continuing Investing Activities |
-214 |
232 |
124 |
Purchase of Property, Leasehold Improvements and Equipment |
-3.49 |
-16 |
-8.49 |
Acquisitions |
-41 |
0.00 |
0.00 |
Purchase of Investment Securities |
-376 |
-544 |
-175 |
Sale of Property, Leasehold Improvements and Equipment |
0.16 |
0.16 |
0.71 |
Sale and/or Maturity of Investments |
208 |
794 |
356 |
Other Investing Activities, net |
-2.29 |
-1.24 |
-49 |
Net Cash From Financing Activities |
-15 |
-34 |
-193 |
Net Cash From Continuing Financing Activities |
-15 |
-34 |
-193 |
Net Change in Deposits |
-106 |
-96 |
-163 |
Issuance of Debt |
415 |
1,507 |
1,201 |
Issuance of Common Equity |
0.00 |
0.00 |
87 |
Repayment of Debt |
-276 |
-1,406 |
-1,271 |
Repurchase of Common Equity |
-33 |
-18 |
-12 |
Payment of Dividends |
-5.56 |
-6.61 |
-7.89 |
Other Financing Activities, Net |
-9.20 |
-14 |
-27 |
Cash Interest Paid |
26 |
81 |
116 |
Cash Income Taxes Paid |
1.22 |
3.47 |
6.20 |
Quarterly Cash Flow Statements for Equity Bancshares
This table details how cash moves in and out of Equity Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
52 |
-51 |
146 |
28 |
-79 |
180 |
-144 |
25 |
-25 |
148 |
Net Cash From Operating Activities |
|
15 |
16 |
19 |
19 |
25 |
13 |
13 |
16 |
23 |
22 |
Net Cash From Continuing Operating Activities |
|
15 |
16 |
19 |
19 |
25 |
13 |
13 |
16 |
23 |
22 |
Net Income / (Loss) Continuing Operations |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
Consolidated Net Income / (Loss) |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
Provision For Loan Losses |
|
-0.14 |
-0.15 |
-0.37 |
0.30 |
1.23 |
0.71 |
1.00 |
0.27 |
1.18 |
0.10 |
Depreciation Expense |
|
1.08 |
1.08 |
1.09 |
1.11 |
1.14 |
1.18 |
1.33 |
1.31 |
1.35 |
1.39 |
Amortization Expense |
|
1.30 |
1.89 |
2.18 |
2.43 |
1.49 |
1.64 |
-0.20 |
0.00 |
0.47 |
0.27 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.29 |
2.86 |
-1.34 |
-0.36 |
1.90 |
47 |
-0.04 |
-1.53 |
-11 |
3.18 |
Changes in Operating Assets and Liabilities, net |
|
-3.14 |
-0.91 |
5.26 |
4.40 |
7.00 |
-9.06 |
-3.52 |
4.27 |
11 |
-0.23 |
Net Cash From Investing Activities |
|
6.50 |
-48 |
-18 |
87 |
51 |
112 |
5.29 |
24 |
-61 |
156 |
Net Cash From Continuing Investing Activities |
|
6.50 |
-48 |
-18 |
87 |
51 |
112 |
-117 |
24 |
-31 |
248 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.48 |
-2.29 |
-4.41 |
-2.50 |
-5.79 |
-3.44 |
-2.01 |
-0.85 |
-3.79 |
-1.85 |
Purchase of Investment Securities |
|
-49 |
-60 |
-33 |
18 |
37 |
-566 |
-219 |
-30 |
-111 |
184 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.06 |
0.03 |
0.04 |
- |
0.00 |
0.12 |
0.01 |
2.28 |
0.05 |
-1.63 |
Sale and/or Maturity of Investments |
|
55 |
33 |
20 |
73 |
21 |
680 |
108 |
54 |
77 |
116 |
Net Cash From Financing Activities |
|
31 |
-20 |
145 |
-79 |
-156 |
56 |
-162 |
-14 |
12 |
-29 |
Net Cash From Continuing Financing Activities |
|
31 |
-20 |
145 |
-79 |
-156 |
56 |
-162 |
-14 |
12 |
-29 |
Net Change in Deposits |
|
-65 |
34 |
45 |
-56 |
-149 |
63 |
-124 |
-30 |
-21 |
12 |
Issuance of Debt |
|
- |
10 |
607 |
300 |
300 |
300 |
300 |
300 |
301 |
300 |
Repayment of Debt |
|
106 |
-58 |
-495 |
-311 |
-300 |
-300 |
-320 |
-270 |
-263 |
-418 |
Payment of Dividends |
|
-1.29 |
-1.60 |
-1.64 |
-1.58 |
-1.54 |
-1.85 |
-1.92 |
-1.80 |
-1.88 |
-2.30 |
Other Financing Activities, Net |
|
-4.68 |
0.12 |
-1.17 |
-2.09 |
-5.32 |
-5.64 |
-9.01 |
-8.24 |
-2.64 |
-7.55 |
Cash Interest Paid |
|
7.18 |
11 |
13 |
20 |
20 |
28 |
31 |
29 |
27 |
29 |
Cash Income Taxes Paid |
|
0.47 |
0.55 |
0.03 |
3.03 |
0.35 |
0.06 |
0.00 |
3.24 |
1.26 |
1.70 |
Annual Balance Sheets for Equity Bancshares
This table presents Equity Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
4,982 |
5,035 |
5,332 |
Cash and Due from Banks |
104 |
363 |
384 |
Federal Funds Sold |
0.42 |
16 |
0.24 |
Trading Account Securities |
1,184 |
920 |
1,004 |
Loans and Leases, Net of Allowance |
3,266 |
3,289 |
3,458 |
Loans Held for Sale |
0.35 |
0.48 |
0.51 |
Premises and Equipment, Net |
101 |
113 |
117 |
Goodwill |
53 |
53 |
53 |
Intangible Assets |
11 |
7.22 |
15 |
Other Assets |
260 |
271 |
295 |
Total Liabilities & Shareholders' Equity |
4,982 |
5,035 |
5,332 |
Total Liabilities |
4,572 |
4,582 |
4,739 |
Interest Bearing Deposits |
4,242 |
4,145 |
4,375 |
Federal Funds Purchased and Securities Sold |
46 |
44 |
37 |
Long-Term Debt |
235 |
337 |
276 |
Other Long-Term Liabilities |
48 |
56 |
52 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
410 |
453 |
593 |
Total Preferred & Common Equity |
410 |
453 |
593 |
Total Common Equity |
410 |
453 |
593 |
Common Stock |
485 |
489 |
585 |
Retained Earnings |
140 |
141 |
195 |
Treasury Stock |
-102 |
-120 |
-131 |
Accumulated Other Comprehensive Income / (Loss) |
-114 |
-58 |
-55 |
Quarterly Balance Sheets for Equity Bancshares
This table presents Equity Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
5,000 |
5,157 |
5,095 |
4,945 |
5,239 |
5,246 |
5,355 |
Cash and Due from Banks |
|
155 |
250 |
263 |
183 |
218 |
244 |
218 |
Federal Funds Sold |
|
0.37 |
0.38 |
15 |
16 |
17 |
16 |
18 |
Trading Account Securities |
|
1,199 |
1,185 |
1,095 |
1,057 |
1,092 |
1,042 |
1,041 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
3,278 |
3,238 |
3,438 |
3,411 |
3,557 |
Loans Held for Sale |
|
1.52 |
0.65 |
2.46 |
0.63 |
1.31 |
1.96 |
0.90 |
Premises and Equipment, Net |
|
101 |
105 |
106 |
110 |
117 |
114 |
117 |
Goodwill |
|
53 |
53 |
53 |
53 |
53 |
53 |
53 |
Intangible Assets |
|
12 |
9.68 |
8.76 |
7.96 |
18 |
17 |
16 |
Other Assets |
|
271 |
3,553 |
271 |
277 |
283 |
341 |
329 |
Total Liabilities & Shareholders' Equity |
|
5,000 |
5,157 |
5,095 |
4,945 |
5,239 |
5,246 |
5,355 |
Total Liabilities |
|
4,605 |
4,732 |
4,676 |
4,527 |
4,782 |
4,784 |
4,851 |
Interest Bearing Deposits |
|
4,227 |
4,287 |
4,231 |
4,082 |
4,371 |
4,341 |
4,363 |
Federal Funds Purchased and Securities Sold |
|
47 |
45 |
45 |
40 |
44 |
38 |
38 |
Long-Term Debt |
|
282 |
348 |
337 |
337 |
317 |
348 |
393 |
Other Long-Term Liabilities |
|
48 |
52 |
64 |
68 |
50 |
57 |
57 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
396 |
425 |
418 |
418 |
457 |
461 |
504 |
Total Preferred & Common Equity |
|
396 |
425 |
418 |
418 |
457 |
461 |
504 |
Total Common Equity |
|
396 |
425 |
418 |
418 |
457 |
461 |
504 |
Common Stock |
|
483 |
487 |
487 |
488 |
491 |
492 |
495 |
Retained Earnings |
|
130 |
151 |
161 |
171 |
153 |
163 |
181 |
Treasury Stock |
|
-96 |
-111 |
-119 |
-119 |
-126 |
-132 |
-132 |
Accumulated Other Comprehensive Income / (Loss) |
|
-121 |
-101 |
-110 |
-122 |
-61 |
-62 |
-40 |
Annual Metrics And Ratios for Equity Bancshares
This table displays calculated financial ratios and metrics derived from Equity Bancshares' official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
13.32% |
-29.63% |
60.83% |
EBITDA Growth |
-18.78% |
-82.15% |
474.21% |
EBIT Growth |
9.07% |
-96.56% |
3,141.45% |
NOPAT Growth |
9.92% |
-86.44% |
700.68% |
Net Income Growth |
9.92% |
-86.44% |
700.68% |
EPS Growth |
2.33% |
-85.76% |
700.00% |
Operating Cash Flow Growth |
-27.87% |
3.31% |
-3.50% |
Free Cash Flow Firm Growth |
123.06% |
-1,637.08% |
88.24% |
Invested Capital Growth |
8.18% |
22.39% |
9.96% |
Revenue Q/Q Growth |
2.03% |
-27.97% |
38.24% |
EBITDA Q/Q Growth |
1.64% |
-78.97% |
232.56% |
EBIT Q/Q Growth |
7.35% |
-95.79% |
329.17% |
NOPAT Q/Q Growth |
2.02% |
-83.61% |
261.22% |
Net Income Q/Q Growth |
2.02% |
-83.61% |
261.22% |
EPS Q/Q Growth |
3.85% |
-83.44% |
253.98% |
Operating Cash Flow Q/Q Growth |
-8.28% |
-4.26% |
13.40% |
Free Cash Flow Firm Q/Q Growth |
107.68% |
-369.27% |
87.16% |
Invested Capital Q/Q Growth |
-4.83% |
4.62% |
-3.22% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
41.33% |
10.48% |
37.43% |
EBIT Margin |
35.36% |
1.73% |
34.79% |
Profit (Net Income) Margin |
29.02% |
5.59% |
27.83% |
Tax Burden Percent |
82.08% |
323.85% |
80.00% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
17.92% |
-223.85% |
20.00% |
Return on Invested Capital (ROIC) |
9.29% |
1.09% |
7.55% |
ROIC Less NNEP Spread (ROIC-NNEP) |
9.29% |
1.09% |
7.55% |
Return on Net Nonoperating Assets (RNNOA) |
3.38% |
0.72% |
4.42% |
Return on Equity (ROE) |
12.67% |
1.81% |
11.98% |
Cash Return on Invested Capital (CROIC) |
1.43% |
-19.04% |
-1.94% |
Operating Return on Assets (OROA) |
1.39% |
0.05% |
1.51% |
Return on Assets (ROA) |
1.14% |
0.16% |
1.21% |
Return on Common Equity (ROCE) |
12.67% |
1.81% |
11.98% |
Return on Equity Simple (ROE_SIMPLE) |
14.07% |
1.73% |
10.56% |
Net Operating Profit after Tax (NOPAT) |
58 |
7.82 |
63 |
NOPAT Margin |
29.02% |
5.59% |
27.83% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
47.87% |
71.18% |
50.02% |
Operating Expenses to Revenue |
64.58% |
96.93% |
64.07% |
Earnings before Interest and Taxes (EBIT) |
70 |
2.42 |
78 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
82 |
15 |
84 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.23 |
1.14 |
1.09 |
Price to Tangible Book Value (P/TBV) |
1.46 |
1.31 |
1.24 |
Price to Revenue (P/Rev) |
2.54 |
3.68 |
2.88 |
Price to Earnings (P/E) |
8.75 |
65.85 |
10.36 |
Dividend Yield |
1.14% |
1.32% |
1.27% |
Earnings Yield |
11.43% |
1.52% |
9.66% |
Enterprise Value to Invested Capital (EV/IC) |
0.98 |
0.60 |
0.62 |
Enterprise Value to Revenue (EV/Rev) |
3.20 |
3.38 |
2.40 |
Enterprise Value to EBITDA (EV/EBITDA) |
7.73 |
32.25 |
6.42 |
Enterprise Value to EBIT (EV/EBIT) |
9.04 |
195.80 |
6.90 |
Enterprise Value to NOPAT (EV/NOPAT) |
11.02 |
60.46 |
8.63 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
8.58 |
6.18 |
7.32 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
71.48 |
0.00 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.57 |
0.74 |
0.46 |
Long-Term Debt to Equity |
0.57 |
0.74 |
0.46 |
Financial Leverage |
0.36 |
0.66 |
0.59 |
Leverage Ratio |
11.11 |
11.61 |
9.91 |
Compound Leverage Factor |
11.11 |
11.61 |
9.91 |
Debt to Total Capital |
36.46% |
42.66% |
31.73% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
36.46% |
42.66% |
31.73% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
63.54% |
57.34% |
68.27% |
Debt to EBITDA |
2.86 |
22.98 |
3.27 |
Net Debt to EBITDA |
1.59 |
-2.88 |
-1.29 |
Long-Term Debt to EBITDA |
2.86 |
22.98 |
3.27 |
Debt to NOPAT |
4.08 |
43.08 |
4.40 |
Net Debt to NOPAT |
2.27 |
-5.39 |
-1.73 |
Long-Term Debt to NOPAT |
4.08 |
43.08 |
4.40 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
8.89 |
-137 |
-16 |
Operating Cash Flow to CapEx |
2,226.42% |
479.07% |
948.31% |
Free Cash Flow to Firm to Interest Expense |
0.35 |
-1.56 |
-0.15 |
Operating Cash Flow to Interest Expense |
2.91 |
0.87 |
0.67 |
Operating Cash Flow Less CapEx to Interest Expense |
2.78 |
0.69 |
0.60 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.04 |
0.03 |
0.04 |
Fixed Asset Turnover |
1.93 |
1.31 |
1.96 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
645 |
790 |
868 |
Invested Capital Turnover |
0.32 |
0.20 |
0.27 |
Increase / (Decrease) in Invested Capital |
49 |
144 |
79 |
Enterprise Value (EV) |
635 |
473 |
540 |
Market Capitalization |
505 |
515 |
649 |
Book Value per Share |
$25.73 |
$29.38 |
$38.78 |
Tangible Book Value per Share |
$21.73 |
$25.47 |
$34.33 |
Total Capital |
645 |
790 |
868 |
Total Debt |
235 |
337 |
276 |
Total Long-Term Debt |
235 |
337 |
276 |
Net Debt |
131 |
-42 |
-108 |
Capital Expenditures (CapEx) |
3.33 |
16 |
7.79 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
235 |
337 |
276 |
Total Depreciation and Amortization (D&A) |
12 |
12 |
5.92 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$3.56 |
$0.50 |
$4.04 |
Adjusted Weighted Average Basic Shares Outstanding |
15.80M |
15.44M |
17.51M |
Adjusted Diluted Earnings per Share |
$3.51 |
$0.50 |
$4.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
15.80M |
15.44M |
17.51M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
15.80M |
15.44M |
17.51M |
Normalized Net Operating Profit after Tax (NOPAT) |
58 |
1.90 |
66 |
Normalized NOPAT Margin |
29.27% |
1.36% |
29.42% |
Pre Tax Income Margin |
35.36% |
1.73% |
34.79% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
2.77 |
0.03 |
0.71 |
NOPAT to Interest Expense |
2.27 |
0.09 |
0.57 |
EBIT Less CapEx to Interest Expense |
2.63 |
-0.15 |
0.64 |
NOPAT Less CapEx to Interest Expense |
2.14 |
-0.09 |
0.50 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
9.65% |
84.57% |
12.60% |
Augmented Payout Ratio |
67.17% |
313.44% |
31.54% |
Quarterly Metrics And Ratios for Equity Bancshares
This table displays calculated financial ratios and metrics derived from Equity Bancshares' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
8.77% |
8.50% |
-1.24% |
-5.74% |
-2.29% |
-107.84% |
17.19% |
19.52% |
11.26% |
1,576.79% |
EBITDA Growth |
|
-22.10% |
7.86% |
-18.57% |
-19.58% |
-20.24% |
-302.10% |
4.31% |
6.81% |
51.77% |
159.85% |
EBIT Growth |
|
24.93% |
46.05% |
-22.93% |
-23.56% |
-24.13% |
-359.83% |
19.63% |
25.84% |
67.01% |
151.40% |
NOPAT Growth |
|
28.86% |
10.91% |
-21.26% |
-24.92% |
-18.65% |
-339.14% |
14.16% |
1.89% |
60.85% |
161.19% |
Net Income Growth |
|
28.86% |
10.91% |
-21.26% |
-24.92% |
-18.65% |
-343.79% |
14.16% |
2.27% |
60.85% |
160.02% |
EPS Growth |
|
16.25% |
22.41% |
-17.20% |
-21.28% |
-13.98% |
-354.93% |
16.88% |
2.70% |
60.00% |
158.56% |
Operating Cash Flow Growth |
|
-55.06% |
-28.99% |
145.16% |
-45.30% |
72.36% |
-20.79% |
-33.94% |
-17.06% |
-6.45% |
67.27% |
Free Cash Flow Firm Growth |
|
-196.06% |
53.84% |
-87.13% |
-76.70% |
58.94% |
-363.10% |
108.10% |
69.74% |
-90.06% |
64.17% |
Invested Capital Growth |
|
34.06% |
8.18% |
29.24% |
24.96% |
11.33% |
22.39% |
0.12% |
7.13% |
18.87% |
9.96% |
Revenue Q/Q Growth |
|
3.48% |
-1.09% |
-5.26% |
-2.79% |
7.26% |
-107.93% |
1,516.59% |
-0.86% |
-0.16% |
5.31% |
EBITDA Q/Q Growth |
|
3.39% |
-14.00% |
-0.64% |
-8.97% |
2.55% |
-317.90% |
151.28% |
-6.79% |
45.71% |
-14.07% |
EBIT Q/Q Growth |
|
11.04% |
-18.88% |
-2.72% |
-12.77% |
10.21% |
-377.84% |
144.79% |
-8.24% |
46.26% |
-14.48% |
NOPAT Q/Q Growth |
|
-0.58% |
-23.49% |
6.16% |
-7.04% |
7.73% |
-324.93% |
150.68% |
-17.03% |
70.06% |
-14.43% |
Net Income Q/Q Growth |
|
-0.58% |
-23.49% |
6.16% |
-7.04% |
7.73% |
-329.31% |
149.71% |
-16.72% |
69.44% |
-14.43% |
EPS Q/Q Growth |
|
-1.06% |
-23.66% |
8.45% |
-3.90% |
8.11% |
-326.25% |
149.72% |
-15.56% |
68.42% |
-17.19% |
Operating Cash Flow Q/Q Growth |
|
-58.79% |
12.48% |
16.82% |
1.02% |
29.85% |
-48.31% |
-2.57% |
26.83% |
46.46% |
-7.58% |
Free Cash Flow Firm Q/Q Growth |
|
-99.19% |
76.33% |
-337.00% |
14.24% |
53.72% |
-166.99% |
107.65% |
-420.24% |
-190.69% |
49.67% |
Invested Capital Q/Q Growth |
|
12.22% |
-4.83% |
19.77% |
-2.30% |
-0.02% |
4.62% |
-2.03% |
4.55% |
10.93% |
-3.22% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
41.63% |
36.19% |
37.96% |
35.54% |
33.98% |
0.00% |
33.79% |
31.76% |
46.35% |
37.82% |
EBIT Margin |
|
36.95% |
30.31% |
31.12% |
27.92% |
28.69% |
0.00% |
31.77% |
29.40% |
43.07% |
34.97% |
Profit (Net Income) Margin |
|
29.80% |
23.05% |
25.83% |
24.70% |
24.81% |
0.00% |
25.16% |
21.14% |
35.87% |
29.14% |
Tax Burden Percent |
|
80.64% |
76.06% |
83.00% |
88.46% |
86.46% |
71.36% |
79.21% |
71.89% |
83.28% |
83.33% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
19.36% |
23.94% |
17.00% |
11.54% |
13.54% |
0.00% |
20.79% |
28.11% |
16.72% |
16.67% |
Return on Invested Capital (ROIC) |
|
9.81% |
7.38% |
7.47% |
7.10% |
6.72% |
0.00% |
4.82% |
4.23% |
7.07% |
7.91% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.81% |
7.38% |
7.47% |
7.10% |
6.72% |
0.00% |
4.82% |
4.24% |
7.07% |
7.91% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.46% |
2.68% |
4.20% |
4.30% |
5.11% |
0.00% |
3.63% |
3.30% |
5.59% |
4.63% |
Return on Equity (ROE) |
|
14.27% |
10.06% |
11.67% |
11.40% |
11.84% |
0.00% |
8.45% |
7.53% |
12.66% |
12.54% |
Cash Return on Invested Capital (CROIC) |
|
-19.55% |
1.43% |
-17.58% |
-14.75% |
-4.06% |
-19.04% |
1.12% |
-5.63% |
-15.14% |
-1.94% |
Operating Return on Assets (OROA) |
|
1.55% |
1.19% |
1.21% |
1.08% |
1.12% |
0.00% |
0.91% |
0.89% |
1.36% |
1.52% |
Return on Assets (ROA) |
|
1.25% |
0.91% |
1.00% |
0.96% |
0.97% |
0.00% |
0.72% |
0.64% |
1.13% |
1.26% |
Return on Common Equity (ROCE) |
|
14.27% |
10.06% |
11.67% |
11.40% |
11.84% |
0.00% |
8.45% |
7.53% |
12.66% |
12.54% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.29% |
0.00% |
12.79% |
12.08% |
11.41% |
0.00% |
2.09% |
2.13% |
3.44% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
15 |
12 |
12 |
11 |
12 |
-28 |
14 |
12 |
20 |
17 |
NOPAT Margin |
|
29.80% |
23.05% |
25.83% |
24.70% |
24.81% |
0.00% |
25.16% |
21.06% |
35.87% |
29.14% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.19% |
0.00% |
-0.01% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
46.94% |
50.18% |
51.66% |
51.57% |
50.44% |
0.00% |
49.54% |
50.40% |
51.48% |
48.72% |
Operating Expenses to Revenue |
|
63.32% |
69.99% |
69.65% |
71.43% |
68.84% |
0.00% |
66.45% |
70.12% |
54.80% |
64.86% |
Earnings before Interest and Taxes (EBIT) |
|
19 |
15 |
15 |
13 |
14 |
-40 |
18 |
16 |
24 |
20 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
21 |
18 |
18 |
16 |
17 |
-37 |
19 |
18 |
26 |
22 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.17 |
1.23 |
0.89 |
0.83 |
0.87 |
1.14 |
1.16 |
1.16 |
1.24 |
1.09 |
Price to Tangible Book Value (P/TBV) |
|
1.40 |
1.46 |
1.04 |
0.97 |
1.02 |
1.31 |
1.37 |
1.37 |
1.43 |
1.24 |
Price to Revenue (P/Rev) |
|
2.38 |
2.54 |
1.90 |
1.78 |
1.88 |
3.68 |
3.57 |
3.42 |
3.83 |
2.88 |
Price to Earnings (P/E) |
|
8.21 |
8.75 |
6.94 |
6.87 |
7.66 |
65.85 |
55.27 |
54.64 |
35.99 |
10.36 |
Dividend Yield |
|
1.18% |
1.14% |
1.59% |
1.78% |
1.77% |
1.32% |
1.34% |
1.36% |
1.25% |
1.27% |
Earnings Yield |
|
12.19% |
11.43% |
14.40% |
14.56% |
13.05% |
1.52% |
1.81% |
1.83% |
2.78% |
9.66% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.87 |
0.98 |
0.61 |
0.54 |
0.67 |
0.60 |
0.79 |
0.77 |
0.87 |
0.62 |
Enterprise Value to Revenue (EV/Rev) |
|
3.03 |
3.20 |
2.40 |
2.08 |
2.59 |
3.38 |
4.12 |
3.97 |
4.80 |
2.40 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.31 |
7.73 |
6.08 |
5.48 |
7.22 |
32.25 |
39.54 |
37.67 |
30.88 |
6.42 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.03 |
9.04 |
7.21 |
6.56 |
8.78 |
195.80 |
114.60 |
71.94 |
42.86 |
6.90 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
10.45 |
11.02 |
8.73 |
8.03 |
10.55 |
60.46 |
63.84 |
63.52 |
45.10 |
8.63 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
7.32 |
8.58 |
5.56 |
5.85 |
6.30 |
6.18 |
8.72 |
9.35 |
12.01 |
7.32 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
71.48 |
0.00 |
0.00 |
0.00 |
0.00 |
70.45 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.71 |
0.57 |
0.82 |
0.80 |
0.81 |
0.74 |
0.69 |
0.75 |
0.78 |
0.46 |
Long-Term Debt to Equity |
|
0.71 |
0.57 |
0.82 |
0.80 |
0.81 |
0.74 |
0.69 |
0.75 |
0.78 |
0.46 |
Financial Leverage |
|
0.46 |
0.36 |
0.56 |
0.61 |
0.76 |
0.66 |
0.75 |
0.78 |
0.79 |
0.59 |
Leverage Ratio |
|
11.39 |
11.11 |
11.67 |
11.93 |
12.22 |
11.61 |
11.79 |
11.75 |
11.17 |
9.91 |
Compound Leverage Factor |
|
11.39 |
11.11 |
11.67 |
11.93 |
12.22 |
11.61 |
11.79 |
11.75 |
11.17 |
9.91 |
Debt to Total Capital |
|
41.63% |
36.46% |
44.99% |
44.58% |
44.61% |
42.66% |
40.97% |
42.96% |
43.83% |
31.73% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
41.63% |
36.46% |
44.99% |
44.58% |
44.61% |
42.66% |
40.97% |
42.96% |
43.83% |
31.73% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
58.37% |
63.54% |
55.01% |
55.42% |
55.39% |
57.34% |
59.03% |
57.04% |
56.17% |
68.27% |
Debt to EBITDA |
|
3.49 |
2.86 |
4.46 |
4.55 |
4.83 |
22.98 |
20.52 |
20.97 |
15.54 |
3.27 |
Net Debt to EBITDA |
|
1.57 |
1.59 |
1.25 |
0.79 |
1.98 |
-2.88 |
5.31 |
5.27 |
6.23 |
-1.29 |
Long-Term Debt to EBITDA |
|
3.49 |
2.86 |
4.46 |
4.55 |
4.83 |
22.98 |
20.52 |
20.97 |
15.54 |
3.27 |
Debt to NOPAT |
|
4.99 |
4.08 |
6.40 |
6.66 |
7.06 |
43.08 |
33.14 |
35.37 |
22.69 |
4.40 |
Net Debt to NOPAT |
|
2.24 |
2.27 |
1.79 |
1.16 |
2.89 |
-5.39 |
8.57 |
8.88 |
9.11 |
-1.73 |
Long-Term Debt to NOPAT |
|
4.99 |
4.08 |
6.40 |
6.66 |
7.06 |
43.08 |
33.14 |
35.37 |
22.69 |
4.40 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-157 |
-37 |
-163 |
-139 |
-65 |
-172 |
13 |
-42 |
-123 |
-62 |
Operating Cash Flow to CapEx |
|
3,500.00% |
722.41% |
437.90% |
772.15% |
433.44% |
391.67% |
630.37% |
0.00% |
628.09% |
624.22% |
Free Cash Flow to Firm to Interest Expense |
|
-23.79 |
-3.26 |
-9.55 |
-6.39 |
-2.68 |
-6.94 |
0.48 |
-1.47 |
-4.24 |
-2.42 |
Operating Cash Flow to Interest Expense |
|
2.20 |
1.44 |
1.12 |
0.89 |
1.04 |
0.52 |
0.46 |
0.56 |
0.81 |
0.85 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.14 |
1.24 |
0.87 |
0.77 |
0.80 |
0.39 |
0.39 |
0.61 |
0.68 |
0.71 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
Fixed Asset Turnover |
|
2.04 |
1.93 |
1.91 |
1.88 |
1.84 |
1.31 |
1.34 |
1.43 |
1.43 |
1.96 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
678 |
645 |
773 |
755 |
755 |
790 |
774 |
809 |
897 |
868 |
Invested Capital Turnover |
|
0.33 |
0.32 |
0.29 |
0.29 |
0.27 |
0.20 |
0.19 |
0.20 |
0.20 |
0.27 |
Increase / (Decrease) in Invested Capital |
|
172 |
49 |
175 |
151 |
77 |
144 |
0.90 |
54 |
142 |
79 |
Enterprise Value (EV) |
|
591 |
635 |
475 |
406 |
503 |
473 |
611 |
624 |
782 |
540 |
Market Capitalization |
|
464 |
505 |
377 |
347 |
366 |
515 |
529 |
537 |
624 |
649 |
Book Value per Share |
|
$24.60 |
$25.73 |
$26.91 |
$27.03 |
$27.13 |
$29.38 |
$29.59 |
$30.25 |
$33.02 |
$38.78 |
Tangible Book Value per Share |
|
$20.58 |
$21.73 |
$22.94 |
$23.03 |
$23.17 |
$25.47 |
$24.99 |
$25.68 |
$28.49 |
$34.33 |
Total Capital |
|
678 |
645 |
773 |
755 |
755 |
790 |
774 |
809 |
897 |
868 |
Total Debt |
|
282 |
235 |
348 |
337 |
337 |
337 |
317 |
348 |
393 |
276 |
Total Long-Term Debt |
|
282 |
235 |
348 |
337 |
337 |
337 |
317 |
348 |
393 |
276 |
Net Debt |
|
127 |
131 |
97 |
59 |
138 |
-42 |
82 |
87 |
158 |
-108 |
Capital Expenditures (CapEx) |
|
0.42 |
2.27 |
4.37 |
2.50 |
5.79 |
3.31 |
2.01 |
-1.43 |
3.74 |
3.48 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.54 |
0.00 |
-0.04 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
282 |
235 |
348 |
337 |
337 |
337 |
317 |
348 |
393 |
276 |
Total Depreciation and Amortization (D&A) |
|
2.38 |
2.97 |
3.26 |
3.53 |
2.63 |
2.82 |
1.13 |
1.31 |
1.82 |
1.66 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.94 |
$0.73 |
$0.78 |
$0.74 |
$0.80 |
($1.82) |
$0.91 |
$0.77 |
$1.30 |
$1.06 |
Adjusted Weighted Average Basic Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Adjusted Diluted Earnings per Share |
|
$0.93 |
$0.71 |
$0.77 |
$0.74 |
$0.80 |
($1.81) |
$0.90 |
$0.76 |
$1.28 |
$1.06 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
15.94M |
15.80M |
15.48M |
15.41M |
15.41M |
15.44M |
15.25M |
15.26M |
15.29M |
17.51M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
15 |
12 |
12 |
11 |
12 |
-28 |
15 |
13 |
20 |
17 |
Normalized NOPAT Margin |
|
29.98% |
23.15% |
25.83% |
24.70% |
24.81% |
0.00% |
27.36% |
24.02% |
36.80% |
29.14% |
Pre Tax Income Margin |
|
36.95% |
30.31% |
31.12% |
27.92% |
28.69% |
0.00% |
31.77% |
29.40% |
43.07% |
34.97% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.85 |
1.34 |
0.87 |
0.59 |
0.59 |
-1.60 |
0.64 |
0.57 |
0.82 |
0.80 |
NOPAT to Interest Expense |
|
2.30 |
1.02 |
0.72 |
0.52 |
0.51 |
-1.12 |
0.51 |
0.41 |
0.69 |
0.67 |
EBIT Less CapEx to Interest Expense |
|
2.79 |
1.14 |
0.62 |
0.48 |
0.35 |
-1.73 |
0.57 |
0.62 |
0.69 |
0.66 |
NOPAT Less CapEx to Interest Expense |
|
2.23 |
0.82 |
0.47 |
0.41 |
0.27 |
-1.25 |
0.44 |
0.46 |
0.56 |
0.53 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
9.04% |
9.65% |
10.77% |
12.09% |
13.34% |
84.57% |
72.09% |
72.44% |
42.97% |
12.60% |
Augmented Payout Ratio |
|
67.06% |
67.17% |
66.69% |
66.18% |
61.72% |
313.44% |
229.57% |
194.48% |
112.90% |
31.54% |
Key Financial Trends
Equity Bancshares (NYSE: EQBK) has demonstrated overall growth and operational improvements over the last four years through the end of 2024, with some fluctuations worth noting. Here’s a detailed analysis of key financial trends based on the quarterly income statements, cash flow statements, and balance sheets:
- Net interest income showed a steady increase from approximately $39.1 million in Q1 2022 to around $49.5 million in Q4 2024, indicating strong core banking income growth.
- Net income improved significantly from a loss of $28.3 million in Q4 2023 to a profit of $16.99 million by Q4 2024, showing a recovery in profitability.
- Total loans and leases (net of allowance) consistently grew from around $3.2 billion in Q3 2022 to about $3.56 billion by Q3 2024, supporting revenue expansion opportunities.
- The company increased total common equity from approximately $395.8 million in Q3 2022 to $504 million by Q3 2024, strengthening its capital base.
- Operating cash flows remained positive each quarter, reaching $21.7 million in Q4 2024, indicating solid cash generation from core operations.
- Interest expense increased over the years, rising from about $11.4 million in Q4 2022 to nearly $25.5 million in Q4 2024, reflecting higher funding costs which somewhat offset net interest income gains.
- Non-interest income has been volatile, with a notable loss in Q4 2023 (-$43.4 million) mainly due to large unrealized losses on investments, but it turned positive again to $8.8 million in Q4 2024, showing partial recovery.
- The large non-interest income loss in Q4 2023 severely impacted total revenue that quarter, resulting in a negative total revenue of approximately -$3.9 million, a risk factor in earnings stability.
- Provision for credit losses spiked in some quarters, such as $1.18 million in Q3 2024, which could suggest higher credit risk or loan loss expectations.
- The company engaged in significant debt repayments and issuances, leading to substantial fluctuations in financing cash flows. For example, Q4 2024 saw $417.9 million repayment of debt against $300 million issuance, indicating refinancing activity and potential interest rate risk.
In summary, Equity Bancshares has rebounded from a challenging Q4 2023, showing improvements in core earnings, loan growth, and equity capital. However, investors should remain cautious about volatility in non-interest income, credit loss provisions, and funding costs that may impact future earnings consistency.
09/03/25 02:07 PM ETAI Generated. May Contain Errors.