Equity Bancshares (EQBK) Financials

$39.36 -1.33 (-3.26%)

Closing price 03:59 PM Eastern

Extended Trading

$39.37 +0.01 (+0.02%)

As of 04:04 PM Eastern

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.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	63	7.82	58
Consolidated Net Income / (Loss)	63	7.82	58
Net Income / (Loss) Continuing Operations	63	7.82	58
Total Pre-Tax Income	78	2.42	70
Total Revenue	225	140	199
Net Interest Income / (Expense)	186	159	163
Total Interest Income	297	247	188
Loans and Leases Interest Income	246	211	161
Investment Securities Interest Income	41	26	25
Federal Funds Sold and Securities Borrowed Interest Income	10	9.67	1.98
Total Interest Expense	111	88	25
Deposits Interest Expense	90	70	16
Short-Term Borrowings Interest Expense	10	3.94	2.09
Long-Term Debt Interest Expense	8.94	12	6.77
Federal Funds Purchased and Securities Sold Interest Expense	1.15	0.93	0.23
Total Non-Interest Income	39	-19	36
Other Service Charges	32	29	9.15
Net Realized & Unrealized Capital Gains on Investments	2.35	-52	0.97
Other Non-Interest Income	4.97	4.06	26
Provision for Credit Losses	2.55	1.87	0.13
Total Non-Interest Expense	144	136	128
Salaries and Employee Benefits	73	64	62
Net Occupancy & Equipment Expense	34	30	28
Marketing Expense	5.37	5.43	5.04
Property & Liability Insurance Claims	2.48	2.20	1.14
Other Operating Expenses	20	30	27
Amortization Expense	4.29	3.37	4.04
Restructuring Charge	4.46	0.30	0.59
Other Special Charges	0.00	0.00	0.00
Income Tax Expense	16	-5.41	13
Basic Earnings per Share	$4.04	$0.50	$3.56
Weighted Average Basic Shares Outstanding	17.51M	15.44M	15.80M
Diluted Earnings per Share	$4.00	$0.50	$3.51
Weighted Average Diluted Shares Outstanding	17.51M	15.44M	15.80M
Weighted Average Basic & Diluted Shares Outstanding	17.51M	15.44M	15.80M
Cash Dividends to Common per Share	$0.54	$0.44	$0.36

This table shows Equity Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17	20	12	14	-28	12	11	12	12	15
Consolidated Net Income / (Loss)	17	20	12	14	-28	12	11	12	12	15
Net Income / (Loss) Continuing Operations	17	20	12	14	-28	12	11	12	12	15
Total Pre-Tax Income	20	24	16	18	-40	14	13	15	15	19
Total Revenue	58	55	55	56	-3.95	50	46	48	50	51
Net Interest Income / (Expense)	49	46	46	44	39	41	39	39	42	42
Total Interest Income	75	75	75	72	64	65	61	56	53	49
Loans and Leases Interest Income	63	62	62	59	55	55	53	48	46	42
Investment Securities Interest Income	9.62	10	11	10	6.77	6.07	6.38	6.62	6.62	6.48
Federal Funds Sold and Securities Borrowed Interest Income	1.98	2.67	3.04	2.67	2.59	3.82	2.13	1.13	0.65	0.51
Total Interest Expense	26	29	29	28	25	24	22	17	11	6.60
Deposits Interest Expense	21	24	23	23	20	19	17	14	8.01	4.40
Short-Term Borrowings Interest Expense	2.16	3.09	3.79	1.14	1.01	0.97	0.95	1.02	1.50	0.41
Long-Term Debt Interest Expense	1.88	1.91	1.90	3.26	3.45	3.44	3.48	1.98	1.80	1.72
Federal Funds Purchased and Securities Sold Interest Expense	0.26	0.26	0.31	0.33	0.30	0.25	0.19	0.20	0.08	0.07
Total Non-Interest Income	8.82	9.32	8.96	12	-43	8.74	6.95	8.60	8.33	8.97
Other Service Charges	12	6.94	2.61	9.62	17	7.94	2.00	1.80	-4.10	2.45
Net Realized & Unrealized Capital Gains on Investments	0.06	1.04	-0.03	1.28	-51	-0.00	-1.32	0.03	0.44	-0.02
Other Non-Interest Income	-3.52	1.34	6.32	0.83	-9.78	0.79	6.28	6.77	12	6.53
Provision for Credit Losses	0.10	1.18	0.27	1.00	0.71	1.23	0.30	-0.37	-0.15	-0.14
Total Non-Interest Expense	38	30	39	37	35	34	33	33	35	32
Salaries and Employee Benefits	18	18	18	18	17	16	15	17	16	15
Net Occupancy & Equipment Expense	8.56	8.63	8.82	8.36	7.72	7.82	7.43	6.80	7.25	7.27
Marketing Expense	1.47	1.37	1.29	1.24	1.60	1.42	1.25	1.16	1.90	1.19
Property & Liability Insurance Claims	0.66	0.66	0.59	0.57	0.66	0.66	0.52	0.36	0.36	0.34
Other Operating Expenses	7.69	-0.55	6.84	6.43	7.39	7.69	7.78	7.31	8.38	6.93
Amortization Expense	1.06	1.11	1.22	0.90	0.74	0.80	0.92	0.92	0.92	0.96
Income Tax Expense	3.40	3.99	4.58	3.69	-11	1.93	1.50	2.52	3.65	3.64
Basic Earnings per Share	$1.06	$1.30	$0.77	$0.91	($1.82)	$0.80	$0.74	$0.78	$0.73	$0.94
Weighted Average Basic Shares Outstanding	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M
Diluted Earnings per Share	$1.06	$1.28	$0.76	$0.90	($1.81)	$0.80	$0.74	$0.77	$0.71	$0.93
Weighted Average Diluted Shares Outstanding	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M
Weighted Average Basic & Diluted Shares Outstanding	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	4.65	275	-156
Net Cash From Operating Activities	74	77	74
Net Cash From Continuing Operating Activities	74	77	74
Net Income / (Loss) Continuing Operations	63	7.82	58
Consolidated Net Income / (Loss)	63	7.82	58
Provision For Loan Losses	2.55	1.87	0.13
Depreciation Expense	5.38	4.52	4.47
Amortization Expense	0.54	7.73	7.41
Non-Cash Adjustments to Reconcile Net Income	-9.06	47	3.94
Changes in Operating Assets and Liabilities, net	12	7.59	0.44
Net Cash From Investing Activities	124	232	-214
Net Cash From Continuing Investing Activities	124	232	-214
Purchase of Property, Leasehold Improvements and Equipment	-8.49	-16	-3.49
Acquisitions	0.00	0.00	-41
Purchase of Investment Securities	-175	-544	-376
Sale of Property, Leasehold Improvements and Equipment	0.71	0.16	0.16
Sale and/or Maturity of Investments	356	794	208
Other Investing Activities, net	-49	-1.24	-2.29
Net Cash From Financing Activities	-193	-34	-15
Net Cash From Continuing Financing Activities	-193	-34	-15
Net Change in Deposits	-163	-96	-106
Issuance of Debt	1,201	1,507	415
Issuance of Common Equity	87	0.00	0.00
Repayment of Debt	-1,271	-1,406	-276
Repurchase of Common Equity	-12	-18	-33
Payment of Dividends	-7.89	-6.61	-5.56
Other Financing Activities, Net	-27	-14	-9.20
Cash Interest Paid	116	81	26
Cash Income Taxes Paid	6.20	3.47	1.22

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	148	-25	25	-144	180	-79	28	146	-51	52
Net Cash From Operating Activities	22	23	16	13	13	25	19	19	16	15
Net Cash From Continuing Operating Activities	22	23	16	13	13	25	19	19	16	15
Net Income / (Loss) Continuing Operations	17	20	12	14	-28	12	11	12	12	15
Consolidated Net Income / (Loss)	17	20	12	14	-28	12	11	12	12	15
Provision For Loan Losses	0.10	1.18	0.27	1.00	0.71	1.23	0.30	-0.37	-0.15	-0.14
Depreciation Expense	1.39	1.35	1.31	1.33	1.18	1.14	1.11	1.09	1.08	1.08
Amortization Expense	0.27	0.47	0.00	-0.20	1.64	1.49	2.43	2.18	1.89	1.30
Non-Cash Adjustments to Reconcile Net Income	3.18	-11	-1.53	-0.04	47	1.90	-0.36	-1.34	2.86	0.29
Changes in Operating Assets and Liabilities, net	-0.23	11	4.27	-3.52	-9.06	7.00	4.40	5.26	-0.91	-3.14
Net Cash From Investing Activities	156	-61	24	5.29	112	51	87	-18	-48	6.50
Net Cash From Continuing Investing Activities	248	-31	24	-117	112	51	87	-18	-48	6.50
Purchase of Property, Leasehold Improvements and Equipment	-1.85	-3.79	-0.85	-2.01	-3.44	-5.79	-2.50	-4.41	-2.29	-0.48
Purchase of Investment Securities	184	-111	-30	-219	-566	37	18	-33	-60	-49
Sale of Property, Leasehold Improvements and Equipment	-1.63	0.05	2.28	0.01	0.12	0.00	-	0.04	0.03	0.06
Sale and/or Maturity of Investments	116	77	54	108	680	21	73	20	33	55
Net Cash From Financing Activities	-29	12	-14	-162	56	-156	-79	145	-20	31
Net Cash From Continuing Financing Activities	-29	12	-14	-162	56	-156	-79	145	-20	31
Net Change in Deposits	12	-21	-30	-124	63	-149	-56	45	34	-65
Issuance of Debt	300	301	300	300	300	300	300	607	10	-
Repayment of Debt	-418	-263	-270	-320	-300	-300	-311	-495	-58	106
Payment of Dividends	-2.30	-1.88	-1.80	-1.92	-1.85	-1.54	-1.58	-1.64	-1.60	-1.29
Other Financing Activities, Net	-7.55	-2.64	-8.24	-9.01	-5.64	-5.32	-2.09	-1.17	0.12	-4.68
Cash Interest Paid	29	27	29	31	28	20	20	13	11	7.18
Cash Income Taxes Paid	1.70	1.26	3.24	0.00	0.06	0.35	3.03	0.03	0.55	0.47

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	5,332	5,035	4,982
Cash and Due from Banks	384	363	104
Federal Funds Sold	0.24	16	0.42
Trading Account Securities	1,004	920	1,184
Loans and Leases, Net of Allowance	3,458	3,289	3,266
Loans Held for Sale	0.51	0.48	0.35
Premises and Equipment, Net	117	113	101
Goodwill	53	53	53
Intangible Assets	15	7.22	11
Other Assets	295	271	260
Total Liabilities & Shareholders' Equity	5,332	5,035	4,982
Total Liabilities	4,739	4,582	4,572
Interest Bearing Deposits	4,375	4,145	4,242
Federal Funds Purchased and Securities Sold	37	44	46
Long-Term Debt	276	337	235
Other Long-Term Liabilities	52	56	48
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	593	453	410
Total Preferred & Common Equity	593	453	410
Total Common Equity	593	453	410
Common Stock	585	489	485
Retained Earnings	195	141	140
Treasury Stock	-131	-120	-102
Accumulated Other Comprehensive Income / (Loss)	-55	-58	-114

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,355	5,246	5,239	4,945	5,095	5,157	5,000
Cash and Due from Banks	218	244	218	183	263	250	155
Federal Funds Sold	18	16	17	16	15	0.38	0.37
Trading Account Securities	1,041	1,042	1,092	1,057	1,095	1,185	1,199
Loans and Leases, Net of Allowance	3,557	3,411	3,438	3,238	3,278	0.00	0.00
Loans Held for Sale	0.90	1.96	1.31	0.63	2.46	0.65	1.52
Premises and Equipment, Net	117	114	117	110	106	105	101
Goodwill	53	53	53	53	53	53	53
Intangible Assets	16	17	18	7.96	8.76	9.68	12
Other Assets	329	341	283	277	271	3,553	271
Total Liabilities & Shareholders' Equity	5,355	5,246	5,239	4,945	5,095	5,157	5,000
Total Liabilities	4,851	4,784	4,782	4,527	4,676	4,732	4,605
Interest Bearing Deposits	4,363	4,341	4,371	4,082	4,231	4,287	4,227
Federal Funds Purchased and Securities Sold	38	38	44	40	45	45	47
Long-Term Debt	393	348	317	337	337	348	282
Other Long-Term Liabilities	57	57	50	68	64	52	48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	504	461	457	418	418	425	396
Total Preferred & Common Equity	504	461	457	418	418	425	396
Total Common Equity	504	461	457	418	418	425	396
Common Stock	495	492	491	488	487	487	483
Retained Earnings	181	163	153	171	161	151	130
Treasury Stock	-132	-132	-126	-119	-119	-111	-96
Accumulated Other Comprehensive Income / (Loss)	-40	-62	-61	-122	-110	-101	-121

This table displays calculated financial ratios and metrics derived from Equity Bancshares' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	60.83%	-29.63%	13.32%
EBITDA Growth	474.21%	-82.15%	-18.78%
EBIT Growth	3,141.45%	-96.56%	9.07%
NOPAT Growth	700.68%	-86.44%	9.92%
Net Income Growth	700.68%	-86.44%	9.92%
EPS Growth	700.00%	-85.76%	2.33%
Operating Cash Flow Growth	-3.50%	3.31%	-27.87%
Free Cash Flow Firm Growth	88.24%	-1,637.08%	123.06%
Invested Capital Growth	9.96%	22.39%	8.18%
Revenue Q/Q Growth	38.24%	-27.97%	2.03%
EBITDA Q/Q Growth	232.56%	-78.97%	1.64%
EBIT Q/Q Growth	329.17%	-95.79%	7.35%
NOPAT Q/Q Growth	261.22%	-83.61%	2.02%
Net Income Q/Q Growth	261.22%	-83.61%	2.02%
EPS Q/Q Growth	253.98%	-83.44%	3.85%
Operating Cash Flow Q/Q Growth	13.40%	-4.26%	-8.28%
Free Cash Flow Firm Q/Q Growth	87.16%	-369.27%	107.68%
Invested Capital Q/Q Growth	-3.22%	4.62%	-4.83%
Profitability Metrics	-	-	-
EBITDA Margin	37.43%	10.48%	41.33%
EBIT Margin	34.79%	1.73%	35.36%
Profit (Net Income) Margin	27.83%	5.59%	29.02%
Tax Burden Percent	80.00%	323.85%	82.08%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	20.00%	-223.85%	17.92%
Return on Invested Capital (ROIC)	7.55%	1.09%	9.29%
ROIC Less NNEP Spread (ROIC-NNEP)	7.55%	1.09%	9.29%
Return on Net Nonoperating Assets (RNNOA)	4.42%	0.72%	3.38%
Return on Equity (ROE)	11.98%	1.81%	12.67%
Cash Return on Invested Capital (CROIC)	-1.94%	-19.04%	1.43%
Operating Return on Assets (OROA)	1.51%	0.05%	1.39%
Return on Assets (ROA)	1.21%	0.16%	1.14%
Return on Common Equity (ROCE)	11.98%	1.81%	12.67%
Return on Equity Simple (ROE_SIMPLE)	10.56%	1.73%	14.07%
Net Operating Profit after Tax (NOPAT)	63	7.82	58
NOPAT Margin	27.83%	5.59%	29.02%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	50.02%	71.18%	47.87%
Operating Expenses to Revenue	64.07%	96.93%	64.58%
Earnings before Interest and Taxes (EBIT)	78	2.42	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	15	82
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.09	1.14	1.23
Price to Tangible Book Value (P/TBV)	1.24	1.31	1.46
Price to Revenue (P/Rev)	2.88	3.68	2.54
Price to Earnings (P/E)	10.36	65.85	8.75
Dividend Yield	1.27%	1.32%	1.14%
Earnings Yield	9.66%	1.52%	11.43%
Enterprise Value to Invested Capital (EV/IC)	0.62	0.60	0.98
Enterprise Value to Revenue (EV/Rev)	2.40	3.38	3.20
Enterprise Value to EBITDA (EV/EBITDA)	6.42	32.25	7.73
Enterprise Value to EBIT (EV/EBIT)	6.90	195.80	9.04
Enterprise Value to NOPAT (EV/NOPAT)	8.63	60.46	11.02
Enterprise Value to Operating Cash Flow (EV/OCF)	7.32	6.18	8.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	71.48
Leverage & Solvency	-	-	-
Debt to Equity	0.46	0.74	0.57
Long-Term Debt to Equity	0.46	0.74	0.57
Financial Leverage	0.59	0.66	0.36
Leverage Ratio	9.91	11.61	11.11
Compound Leverage Factor	9.91	11.61	11.11
Debt to Total Capital	31.73%	42.66%	36.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.73%	42.66%	36.46%
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	68.27%	57.34%	63.54%
Debt to EBITDA	3.27	22.98	2.86
Net Debt to EBITDA	-1.29	-2.88	1.59
Long-Term Debt to EBITDA	3.27	22.98	2.86
Debt to NOPAT	4.40	43.08	4.08
Net Debt to NOPAT	-1.73	-5.39	2.27
Long-Term Debt to NOPAT	4.40	43.08	4.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-16	-137	8.89
Operating Cash Flow to CapEx	948.31%	479.07%	2,226.42%
Free Cash Flow to Firm to Interest Expense	-0.15	-1.56	0.35
Operating Cash Flow to Interest Expense	0.67	0.87	2.91
Operating Cash Flow Less CapEx to Interest Expense	0.60	0.69	2.78
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.03	0.04
Fixed Asset Turnover	1.96	1.31	1.93
Capital & Investment Metrics	-	-	-
Invested Capital	868	790	645
Invested Capital Turnover	0.27	0.20	0.32
Increase / (Decrease) in Invested Capital	79	144	49
Enterprise Value (EV)	540	473	635
Market Capitalization	649	515	505
Book Value per Share	$38.78	$29.38	$25.73
Tangible Book Value per Share	$34.33	$25.47	$21.73
Total Capital	868	790	645
Total Debt	276	337	235
Total Long-Term Debt	276	337	235
Net Debt	-108	-42	131
Capital Expenditures (CapEx)	7.79	16	3.33
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	276	337	235
Total Depreciation and Amortization (D&A)	5.92	12	12
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$4.04	$0.50	$3.56
Adjusted Weighted Average Basic Shares Outstanding	17.51M	15.44M	15.80M
Adjusted Diluted Earnings per Share	$4.00	$0.50	$3.51
Adjusted Weighted Average Diluted Shares Outstanding	17.51M	15.44M	15.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.51M	15.44M	15.80M
Normalized Net Operating Profit after Tax (NOPAT)	66	1.90	58
Normalized NOPAT Margin	29.42%	1.36%	29.27%
Pre Tax Income Margin	34.79%	1.73%	35.36%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.71	0.03	2.77
NOPAT to Interest Expense	0.57	0.09	2.27
EBIT Less CapEx to Interest Expense	0.64	-0.15	2.63
NOPAT Less CapEx to Interest Expense	0.50	-0.09	2.14
Payout Ratios	-	-	-
Dividend Payout Ratio	12.60%	84.57%	9.65%
Augmented Payout Ratio	31.54%	313.44%	67.17%

This table displays calculated financial ratios and metrics derived from Equity Bancshares' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1,576.79%	11.26%	19.52%	17.19%	-107.84%	-2.29%	-5.74%	-1.24%	8.50%	8.77%
EBITDA Growth	159.85%	51.77%	6.81%	4.31%	-302.10%	-20.24%	-19.58%	-18.57%	7.86%	-22.10%
EBIT Growth	151.40%	67.01%	25.84%	19.63%	-359.83%	-24.13%	-23.56%	-22.93%	46.05%	24.93%
NOPAT Growth	161.19%	60.85%	1.89%	14.16%	-339.14%	-18.65%	-24.92%	-21.26%	10.91%	28.86%
Net Income Growth	160.02%	60.85%	2.27%	14.16%	-343.79%	-18.65%	-24.92%	-21.26%	10.91%	28.86%
EPS Growth	158.56%	60.00%	2.70%	16.88%	-354.93%	-13.98%	-21.28%	-17.20%	22.41%	16.25%
Operating Cash Flow Growth	67.27%	-6.45%	-17.06%	-33.94%	-20.79%	72.36%	-45.30%	145.16%	-28.99%	-55.06%
Free Cash Flow Firm Growth	64.17%	-90.06%	69.74%	108.10%	-363.10%	58.94%	-76.70%	-87.13%	53.84%	-196.06%
Invested Capital Growth	9.96%	18.87%	7.13%	0.12%	22.39%	11.33%	24.96%	29.24%	8.18%	34.06%
Revenue Q/Q Growth	5.31%	-0.16%	-0.86%	1,516.59%	-107.93%	7.26%	-2.79%	-5.26%	-1.09%	3.48%
EBITDA Q/Q Growth	-14.07%	45.71%	-6.79%	151.28%	-317.90%	2.55%	-8.97%	-0.64%	-14.00%	3.39%
EBIT Q/Q Growth	-14.48%	46.26%	-8.24%	144.79%	-377.84%	10.21%	-12.77%	-2.72%	-18.88%	11.04%
NOPAT Q/Q Growth	-14.43%	70.06%	-17.03%	150.68%	-324.93%	7.73%	-7.04%	6.16%	-23.49%	-0.58%
Net Income Q/Q Growth	-14.43%	69.44%	-16.72%	149.71%	-329.31%	7.73%	-7.04%	6.16%	-23.49%	-0.58%
EPS Q/Q Growth	-17.19%	68.42%	-15.56%	149.72%	-326.25%	8.11%	-3.90%	8.45%	-23.66%	-1.06%
Operating Cash Flow Q/Q Growth	-7.58%	46.46%	26.83%	-2.57%	-48.31%	29.85%	1.02%	16.82%	12.48%	-58.79%
Free Cash Flow Firm Q/Q Growth	49.67%	-190.69%	-420.24%	107.65%	-166.99%	53.72%	14.24%	-337.00%	76.33%	-99.19%
Invested Capital Q/Q Growth	-3.22%	10.93%	4.55%	-2.03%	4.62%	-0.02%	-2.30%	19.77%	-4.83%	12.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.82%	46.35%	31.76%	33.79%	0.00%	33.98%	35.54%	37.96%	36.19%	41.63%
EBIT Margin	34.97%	43.07%	29.40%	31.77%	0.00%	28.69%	27.92%	31.12%	30.31%	36.95%
Profit (Net Income) Margin	29.14%	35.87%	21.14%	25.16%	0.00%	24.81%	24.70%	25.83%	23.05%	29.80%
Tax Burden Percent	83.33%	83.28%	71.89%	79.21%	71.36%	86.46%	88.46%	83.00%	76.06%	80.64%
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	16.67%	16.72%	28.11%	20.79%	0.00%	13.54%	11.54%	17.00%	23.94%	19.36%
Return on Invested Capital (ROIC)	7.91%	7.07%	4.23%	4.82%	0.00%	6.72%	7.10%	7.47%	7.38%	9.81%
ROIC Less NNEP Spread (ROIC-NNEP)	7.91%	7.07%	4.24%	4.82%	0.00%	6.72%	7.10%	7.47%	7.38%	9.81%
Return on Net Nonoperating Assets (RNNOA)	4.63%	5.59%	3.30%	3.63%	0.00%	5.11%	4.30%	4.20%	2.68%	4.46%
Return on Equity (ROE)	12.54%	12.66%	7.53%	8.45%	0.00%	11.84%	11.40%	11.67%	10.06%	14.27%
Cash Return on Invested Capital (CROIC)	-1.94%	-15.14%	-5.63%	1.12%	-19.04%	-4.06%	-14.75%	-17.58%	1.43%	-19.55%
Operating Return on Assets (OROA)	1.52%	1.36%	0.89%	0.91%	0.00%	1.12%	1.08%	1.21%	1.19%	1.55%
Return on Assets (ROA)	1.26%	1.13%	0.64%	0.72%	0.00%	0.97%	0.96%	1.00%	0.91%	1.25%
Return on Common Equity (ROCE)	12.54%	12.66%	7.53%	8.45%	0.00%	11.84%	11.40%	11.67%	10.06%	14.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.44%	2.13%	2.09%	0.00%	11.41%	12.08%	12.79%	0.00%	14.29%
Net Operating Profit after Tax (NOPAT)	17	20	12	14	-28	12	11	12	12	15
NOPAT Margin	29.14%	35.87%	21.06%	25.16%	0.00%	24.81%	24.70%	25.83%	23.05%	29.80%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-0.01%	0.00%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	48.72%	51.48%	50.40%	49.54%	0.00%	50.44%	51.57%	51.66%	50.18%	46.94%
Operating Expenses to Revenue	64.86%	54.80%	70.12%	66.45%	0.00%	68.84%	71.43%	69.65%	69.99%	63.32%
Earnings before Interest and Taxes (EBIT)	20	24	16	18	-40	14	13	15	15	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	26	18	19	-37	17	16	18	18	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.24	1.16	1.16	1.14	0.87	0.83	0.89	1.23	1.17
Price to Tangible Book Value (P/TBV)	1.24	1.43	1.37	1.37	1.31	1.02	0.97	1.04	1.46	1.40
Price to Revenue (P/Rev)	2.88	3.83	3.42	3.57	3.68	1.88	1.78	1.90	2.54	2.38
Price to Earnings (P/E)	10.36	35.99	54.64	55.27	65.85	7.66	6.87	6.94	8.75	8.21
Dividend Yield	1.27%	1.25%	1.36%	1.34%	1.32%	1.77%	1.78%	1.59%	1.14%	1.18%
Earnings Yield	9.66%	2.78%	1.83%	1.81%	1.52%	13.05%	14.56%	14.40%	11.43%	12.19%
Enterprise Value to Invested Capital (EV/IC)	0.62	0.87	0.77	0.79	0.60	0.67	0.54	0.61	0.98	0.87
Enterprise Value to Revenue (EV/Rev)	2.40	4.80	3.97	4.12	3.38	2.59	2.08	2.40	3.20	3.03
Enterprise Value to EBITDA (EV/EBITDA)	6.42	30.88	37.67	39.54	32.25	7.22	5.48	6.08	7.73	7.31
Enterprise Value to EBIT (EV/EBIT)	6.90	42.86	71.94	114.60	195.80	8.78	6.56	7.21	9.04	9.03
Enterprise Value to NOPAT (EV/NOPAT)	8.63	45.10	63.52	63.84	60.46	10.55	8.03	8.73	11.02	10.45
Enterprise Value to Operating Cash Flow (EV/OCF)	7.32	12.01	9.35	8.72	6.18	6.30	5.85	5.56	8.58	7.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	70.45	0.00	0.00	0.00	0.00	71.48	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.78	0.75	0.69	0.74	0.81	0.80	0.82	0.57	0.71
Long-Term Debt to Equity	0.46	0.78	0.75	0.69	0.74	0.81	0.80	0.82	0.57	0.71
Financial Leverage	0.59	0.79	0.78	0.75	0.66	0.76	0.61	0.56	0.36	0.46
Leverage Ratio	9.91	11.17	11.75	11.79	11.61	12.22	11.93	11.67	11.11	11.39
Compound Leverage Factor	9.91	11.17	11.75	11.79	11.61	12.22	11.93	11.67	11.11	11.39
Debt to Total Capital	31.73%	43.83%	42.96%	40.97%	42.66%	44.61%	44.58%	44.99%	36.46%	41.63%
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	31.73%	43.83%	42.96%	40.97%	42.66%	44.61%	44.58%	44.99%	36.46%	41.63%
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	68.27%	56.17%	57.04%	59.03%	57.34%	55.39%	55.42%	55.01%	63.54%	58.37%
Debt to EBITDA	3.27	15.54	20.97	20.52	22.98	4.83	4.55	4.46	2.86	3.49
Net Debt to EBITDA	-1.29	6.23	5.27	5.31	-2.88	1.98	0.79	1.25	1.59	1.57
Long-Term Debt to EBITDA	3.27	15.54	20.97	20.52	22.98	4.83	4.55	4.46	2.86	3.49
Debt to NOPAT	4.40	22.69	35.37	33.14	43.08	7.06	6.66	6.40	4.08	4.99
Net Debt to NOPAT	-1.73	9.11	8.88	8.57	-5.39	2.89	1.16	1.79	2.27	2.24
Long-Term Debt to NOPAT	4.40	22.69	35.37	33.14	43.08	7.06	6.66	6.40	4.08	4.99
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)	-62	-123	-42	13	-172	-65	-139	-163	-37	-157
Operating Cash Flow to CapEx	624.22%	628.09%	0.00%	630.37%	391.67%	433.44%	772.15%	437.90%	722.41%	3,500.00%
Free Cash Flow to Firm to Interest Expense	-2.42	-4.24	-1.47	0.48	-6.94	-2.68	-6.39	-9.55	-3.26	-23.79
Operating Cash Flow to Interest Expense	0.85	0.81	0.56	0.46	0.52	1.04	0.89	1.12	1.44	2.20
Operating Cash Flow Less CapEx to Interest Expense	0.71	0.68	0.61	0.39	0.39	0.80	0.77	0.87	1.24	2.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	1.96	1.43	1.43	1.34	1.31	1.84	1.88	1.91	1.93	2.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	868	897	809	774	790	755	755	773	645	678
Invested Capital Turnover	0.27	0.20	0.20	0.19	0.20	0.27	0.29	0.29	0.32	0.33
Increase / (Decrease) in Invested Capital	79	142	54	0.90	144	77	151	175	49	172
Enterprise Value (EV)	540	782	624	611	473	503	406	475	635	591
Market Capitalization	649	624	537	529	515	366	347	377	505	464
Book Value per Share	$38.78	$33.02	$30.25	$29.59	$29.38	$27.13	$27.03	$26.91	$25.73	$24.60
Tangible Book Value per Share	$34.33	$28.49	$25.68	$24.99	$25.47	$23.17	$23.03	$22.94	$21.73	$20.58
Total Capital	868	897	809	774	790	755	755	773	645	678
Total Debt	276	393	348	317	337	337	337	348	235	282
Total Long-Term Debt	276	393	348	317	337	337	337	348	235	282
Net Debt	-108	158	87	82	-42	138	59	97	131	127
Capital Expenditures (CapEx)	3.48	3.74	-1.43	2.01	3.31	5.79	2.50	4.37	2.27	0.42
Net Nonoperating Expense (NNE)	0.00	0.00	-0.04	0.00	0.54	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	276	393	348	317	337	337	337	348	235	282
Total Depreciation and Amortization (D&A)	1.66	1.82	1.31	1.13	2.82	2.63	3.53	3.26	2.97	2.38
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.30	$0.77	$0.91	($1.82)	$0.80	$0.74	$0.78	$0.73	$0.94
Adjusted Weighted Average Basic Shares Outstanding	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M
Adjusted Diluted Earnings per Share	$1.06	$1.28	$0.76	$0.90	($1.81)	$0.80	$0.74	$0.77	$0.71	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M
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	17.51M	15.29M	15.26M	15.25M	15.44M	15.41M	15.41M	15.48M	15.80M	15.94M
Normalized Net Operating Profit after Tax (NOPAT)	17	20	13	15	-28	12	11	12	12	15
Normalized NOPAT Margin	29.14%	36.80%	24.02%	27.36%	0.00%	24.81%	24.70%	25.83%	23.15%	29.98%
Pre Tax Income Margin	34.97%	43.07%	29.40%	31.77%	0.00%	28.69%	27.92%	31.12%	30.31%	36.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.80	0.82	0.57	0.64	-1.60	0.59	0.59	0.87	1.34	2.85
NOPAT to Interest Expense	0.67	0.69	0.41	0.51	-1.12	0.51	0.52	0.72	1.02	2.30
EBIT Less CapEx to Interest Expense	0.66	0.69	0.62	0.57	-1.73	0.35	0.48	0.62	1.14	2.79
NOPAT Less CapEx to Interest Expense	0.53	0.56	0.46	0.44	-1.25	0.27	0.41	0.47	0.82	2.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.60%	42.97%	72.44%	72.09%	84.57%	13.34%	12.09%	10.77%	9.65%	9.04%
Augmented Payout Ratio	31.54%	112.90%	194.48%	229.57%	313.44%	61.72%	66.18%	66.69%	67.17%	67.06%

Frequently Asked Questions About Equity Bancshares' Financials

When does Equity Bancshares's fiscal year end?

According to the most recent income statement we have on file, Equity Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Equity Bancshares' net income changed over the last 2 years?

Equity Bancshares' net income appears to be on an upward trend, with a most recent value of $62.62 million in 2024, rising from $57.69 million in 2022. The previous period was $7.82 million in 2023. View Equity Bancshares' forecast to see where analysts expect Equity Bancshares to go next.

How has Equity Bancshares revenue changed over the last 2 years?

Over the last 2 years, Equity Bancshares' total revenue changed from $198.79 million in 2022 to $224.98 million in 2024, a change of 13.2%.

How much debt does Equity Bancshares have?

Equity Bancshares' total liabilities were at $4.74 billion at the end of 2024, a 3.4% increase from 2023, and a 3.7% increase since 2022.

How much cash does Equity Bancshares have?

In the past 2 years, Equity Bancshares' cash and equivalents has ranged from $104.01 million in 2022 to $383.50 million in 2024, and is currently $383.50 million as of their latest financial filing in 2024.

How has Equity Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Equity Bancshares' book value per share changed from 25.73 in 2022 to 38.78 in 2024, a change of 50.7%.

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This page (NASDAQ:EQBK) was last updated on 5/21/2025 by MarketBeat.com Staff

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Equity Bancshares (EQBK) Financials

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Equity Bancshares (EQBK) Financials

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