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 noticeable financial trends over the last four years, with detailed quarterly data analysis highlighting steady performance improvements, key income sources, and strategic financing activities.
Income Growth and Profitability:
- Net interest income has generally increased over the last four years, growing from about $39.1 million in Q1 2023 to $49.5 million in Q4 2024, showing solid core banking operations.
- Loan and lease interest income has steadily risen, reaching $63.4 million in Q4 2024 from $48.4 million in Q1 2023, indicating growing lending activity.
- Net income attributable to common shareholders showed recovery from a loss of $28.3 million in Q4 2023 to a positive $16.9 million in Q4 2024, illustrating strong turnaround.
- Earnings per share improved significantly, from a low of -$1.81 in Q4 2023 to $1.06 in Q4 2024, signaling improved profitability and shareholder value.
- There was a major setback in Q4 2023, where total revenue was negative $3.9 million primarily due to a massive unrealized investment loss of $50.6 million and other non-interest income losses.
Operating Expenses and Provisions:
- Salaries and employee benefits expenses have increased moderately from about $16.6 million in Q1 2023 to $18.4 million in Q4 2024, reflecting possible staff growth and inflation.
- Provision for credit losses returned to a low level in 2024, with $98,000 in Q4 2024 compared to much higher provisions earlier, indicating stable credit quality recently.
- Restructuring charges spiked in 2024, reaching $2.3 million in Q2, which could indicate organizational changes or adjustments impacting expenses.
Balance Sheet and Capital Structure:
- Total assets increased steadily from about $5.0 billion in Q3 2022 to $5.4 billion by Q3 2024, indicating growth in business scale.
- Loans and leases grew from around $3.2 billion in Q3 2022 to roughly $3.56 billion in Q3 2024, supporting net interest income growth.
- Common equity rose gradually from about $395 million in Q3 2022 to over $504 million in Q3 2024, indicating improved capital position.
- Long-term debt increased from approximately $282 million in Q3 2022 to $393 million in Q3 2024, showing some leveraging which can be positive if managed properly.
Cash Flow and Financing Activities:
- Operating cash flow remained positive in most quarters, for instance, $21.7 million in Q4 2024 and consistently above $12 million in other quarters, reflecting healthy core cash generation.
- Significant net cash used in financing activities was noted, notably a large repayment of debt in Q4 2024 amounting to approximately $418 million, partially offset by new borrowings.
- Equity repurchases were notable, such as $6.8 million in Q1 2024 and $5.1 million in Q2 2024, which though may support share price, reduce cash reserves.
- Dividends per share have shown small increases over time, reaching $0.15 in Q3 2024, indicating stable but conservative payout policy.
- Investment securities purchases and sales evidence active asset management, contributing to realized gains and income stability.
Summary:
Equity Bancshares showed strong recovery from the challenges in Q4 2023, with substantial improvements in net income and earnings per share through 2024, supported by growth in loans and interest income. While the company experienced some increased expenses and restructuring costs, stable credit quality and positive operating cash flows underscore operational strength. The increased equity and asset base, along with prudent management of debt and financing activities, position Equity Bancshares well for sustained growth. Investors should monitor the impacts of restructuring-related expenses and debt repayment patterns, as well as the company’s investment asset management to assess future profitability and cash flow sustainability.
08/24/25 03:00 PMAI Generated. May Contain Errors.