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Equity Bancshares (EQBK) Financials

$36.81 +0.25 (+0.68%)
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Annual Income Statements for Equity Bancshares

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

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 (NASDAQ: EQBK) has exhibited notable financial performance and changes over the last four years, with available detailed quarterly data from Q3 2022 through Q4 2024. The analysis below summarizes key trends and factors impacting the company from its income statements, cash flow statements, and balance sheets.

Positive Developments:

  • Consistent growth in loans and leases interest income, increasing from about $41.6 million in Q3 2022 to $63.4 million in Q4 2024, indicating expansion in loan portfolio and stronger core banking activity.
  • Net interest income has generally increased, reaching approximately $49.5 million in Q4 2024 up from roughly $41.9 million in Q3 2022, which supports profitability improvement.
  • Non-interest income turned positive after a highly negative Q4 2023 (mainly from large capital losses), stabilizing at $8.8 million in Q4 2024, indicating recovery and diversification of revenues.
  • Net income showed a strong rebound from a loss in Q4 2023 (-$28.3 million) to positive earnings, with $16.9 million in Q4 2024, reflecting recovery from prior investment losses and improved operations.
  • Operating cash flow has been robust and improving, with net cash from operating activities expanding to about $21.7 million in Q4 2024 from lower levels in 2023, indicating strong cash generation from core business.
  • Equity capital has steadily increased from around $395.8 million in Q3 2022 to $504.0 million by Q3 2024, supporting a stronger capital base for growth and risk absorption.
  • The company managed a significant increase in total assets from nearly $5.0 billion in Q3 2022 to about $5.4 billion by Q3 2024, suggesting business expansion.
  • Dividends per share have increased over the years (from $0.10 in 2022 to $0.15 in Q3 2024), indicating confidence in consistent earnings and returning value to shareholders.
  • Weighted average shares outstanding grew moderately, suggesting controlled dilution while supporting capital needs and liquidity.

Neutral Factors:

  • Total interest expense has fluctuated, with specific increases in short-term borrowing and long-term debt interest expenses, but remains controlled relative to interest income.
  • Non-interest expenses including salaries, occupancy, marketing, and other operating costs have increased steadily, reflecting possible investments in growth or inflationary pressures; however, this is typical for a growing institution.
  • Redeployment between purchase and sales of investment securities indicates active portfolio management, with large swings between purchases and sales impacting cash flow from investing activities.
  • Debt issuance and repayment have been substantial and cyclical, with borrowings regularly used to manage liquidity and finance growth needs; net financing cash flows are volatile.
  • Accumulated other comprehensive income reflects some fluctuations indicating market value changes in available-for-sale securities or other comprehensive income items.

Negative Considerations:

  • Equity Bancshares suffered a significant net loss in Q4 2023 (-$28.3 million), largely due to steep realized and unrealized capital losses on investments (-$50.6 million), which severely impacted earnings and non-interest income for that period.
  • Other non-interest income showed significant negative values in Q4 2023 (-$9.8 million) and in some quarters negative adjustments, suggesting volatility or operational challenges in ancillary income streams.
  • High restructuring charges appeared in some quarters (e.g., $2.3 million in Q2 2024), which may suggest organizational restructuring costs that could impact margins temporarily.
  • Large swings in net cash from investing activities, particularly heavy purchases of investment securities, resulting in negative investing cash flows in some quarters, may impact liquidity if not well managed.
  • Other operating expenses have large quarterly variances including some negative values that may reflect reversals or accounting adjustments requiring further monitoring.

Overview:

Equity Bancshares has shown overall growth in its key operating metrics, including loans, net interest income, and net income, highlighting continuing strength in its core banking business. The recovery from the sizable losses in Q4 2023 is notable and reflects effective management of investment portfolios and operations. The company’s robust operating cash flows and growing equity base position it well for future opportunities. However, investors should remain vigilant regarding the volatility in non-interest income components, investment securities portfolio performance, and restructuring costs that could affect quarterly earnings.

08/04/25 10:17 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Equity Bancshares' Financials

When does Equity Bancshares' financial year end?

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

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 (NYSE:EQBK) was last updated on 8/4/2025 by MarketBeat.com Staff
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