Equity Bancshares (EQBK) Financials

$46.05 +0.55 (+1.21%)

Closing price 03:59 PM Eastern

Extended Trading

$46.08 +0.03 (+0.05%)

As of 05:41 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	10	9.37	21	36	26	-75	52	58	7.82	63	23
Consolidated Net Income / (Loss)	10	9.37	23	36	26	-75	52	58	7.82	63	23
Net Income / (Loss) Continuing Operations	10	9.37	23	36	26	-75	52	58	7.82	63	23
Total Pre-Tax Income	14	14	31	46	33	-75	64	70	2.42	78	26
Total Revenue	56	63	101	145	151	159	175	199	140	225	210
Net Interest Income / (Expense)	46	53	86	125	126	133	143	163	159	186	226
Total Interest Income	53	62	103	162	175	156	157	188	247	297	331
Loans and Leases Interest Income	43	50	86	137	149	135	137	161	211	246	277
Investment Securities Interest Income	8.69	9.77	16	22	24	19	19	25	26	41	40
Federal Funds Sold and Securities Borrowed Interest Income	0.98	1.76	1.35	2.48	2.68	1.69	1.20	1.98	9.67	10	14
Total Interest Expense	6.77	9.20	17	37	50	23	15	25	88	111	105
Deposits Interest Expense	4.93	7.04	13	26	41	17	8.26	16	70	90	88
Short-Term Borrowings Interest Expense	-	-	-	-	-	2.29	0.17	2.09	3.94	10	8.21
Long-Term Debt Interest Expense	1.28	0.70	1.00	1.92	1.91	3.93	6.26	6.77	12	8.94	7.16
Federal Funds Purchased and Securities Sold Interest Expense	0.56	1.46	2.97	9.15	6.82	0.11	0.10	0.23	0.93	1.15	0.94
Total Non-Interest Income	9.80	10	15	20	25	26	33	36	-19	39	-16
Other Service Charges	7.41	1.09	1.90	2.81	3.61	22	28	9.15	29	32	29
Net Realized & Unrealized Capital Gains on Investments	1.44	0.48	0.27	-0.01	0.01	2.16	0.99	0.97	-52	2.35	-53
Other Non-Interest Income	0.96	8.90	13	17	21	1.94	3.51	26	4.06	4.97	7.72
Provision for Credit Losses	3.05	2.12	0.19	3.96	18	24	-8.48	0.13	1.87	2.55	8.95
Total Non-Interest Expense	39	47	67	94	100	209	119	128	136	144	175
Salaries and Employee Benefits	19	22	34	48	52	54	54	62	64	73	85
Net Occupancy & Equipment Expense	7.09	8.15	11	16	19	20	23	28	30	34	36
Marketing Expense	1.20	1.20	2.11	3.00	3.08	2.50	3.37	5.04	5.43	5.37	5.23
Property & Liability Insurance Claims	0.84	0.89	0.95	1.54	1.23	2.09	1.67	1.14	2.20	2.48	2.58
Other Operating Expenses	7.96	9.11	13	16	20	22	23	27	30	20	32
Amortization Expense	0.28	0.41	1.03	2.44	3.17	3.85	4.17	4.04	3.37	4.29	4.50
Restructuring Charge	1.69	5.29	5.35	7.46	0.92	0.30	9.19	0.59	0.30	4.46	8.07
Other Special Charges	0.32	0.06	-	-	0.00	0.00	0.37	0.00	0.00	0.00	1.36
Income Tax Expense	4.14	4.50	10	10	7.28	0.40	12	13	-5.41	16	3.65
Basic Earnings per Share	$1.55	$1.09	$1.66	$2.33	$1.64	($4.97)	$3.49	$3.56	$0.50	$4.04	$1.24
Weighted Average Basic Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
Diluted Earnings per Share	$1.54	$1.07	$1.62	$2.28	$1.61	($4.97)	$3.43	$3.51	$0.50	$4.00	$1.23
Weighted Average Diluted Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
Weighted Average Basic & Diluted Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.16	$0.36	$0.44	$0.54	$0.66

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	11	12	-28	14	12	20	17	15	15	-30	22
Consolidated Net Income / (Loss)	11	12	-28	14	12	20	17	15	15	-30	22
Net Income / (Loss) Continuing Operations	11	12	-28	14	12	20	17	15	15	-30	22
Total Pre-Tax Income	13	14	-40	18	16	24	20	19	18	-37	26
Total Revenue	46	50	-3.95	56	55	55	58	61	58	18	73
Net Interest Income / (Expense)	39	41	39	44	46	46	49	50	50	62	64
Total Interest Income	61	65	64	72	75	75	75	75	74	91	91
Loans and Leases Interest Income	53	55	55	59	62	62	63	63	63	77	74
Investment Securities Interest Income	6.38	6.07	6.77	10	11	10	9.62	9.49	9.18	9.72	12
Federal Funds Sold and Securities Borrowed Interest Income	2.13	3.82	2.59	2.67	3.04	2.67	1.98	2.20	2.14	4.46	4.88
Total Interest Expense	22	24	25	28	29	29	26	24	24	29	27
Deposits Interest Expense	17	19	20	23	23	24	21	19	20	25	24
Short-Term Borrowings Interest Expense	0.95	0.97	1.01	1.14	3.79	3.09	2.16	2.92	2.22	1.74	1.33
Long-Term Debt Interest Expense	3.48	3.44	3.45	3.26	1.90	1.91	1.88	1.85	1.85	1.62	1.83
Federal Funds Purchased and Securities Sold Interest Expense	0.19	0.25	0.30	0.33	0.31	0.26	0.26	0.25	0.22	0.26	0.21
Total Non-Interest Income	6.95	8.74	-43	12	8.96	9.32	8.82	10	8.59	-44	9.53
Other Service Charges	2.00	7.94	17	9.62	8.01	1.56	12	2.05	7.26	7.48	13
Net Realized & Unrealized Capital Gains on Investments	-1.32	-0.00	-51	1.28	0.03	1.04	0.06	0.01	0.01	-53	0.15
Other Non-Interest Income	6.28	0.79	-9.78	0.83	0.91	6.72	-3.52	8.27	1.32	1.39	-3.26
Provision for Credit Losses	0.30	1.23	0.71	1.00	0.27	1.18	0.10	2.72	0.02	6.23	-0.02
Total Non-Interest Expense	33	34	35	37	39	30	38	39	40	49	47
Salaries and Employee Benefits	15	16	17	18	18	18	18	20	20	23	22
Net Occupancy & Equipment Expense	7.43	7.82	7.72	8.36	8.82	8.63	8.56	8.76	8.54	9.20	9.58
Marketing Expense	1.25	1.42	1.60	1.24	1.29	1.37	1.47	1.34	1.21	1.31	1.37
Property & Liability Insurance Claims	0.52	0.66	0.66	0.57	0.59	0.66	0.66	0.63	0.46	0.65	0.83
Other Operating Expenses	7.78	7.69	7.39	6.43	6.84	-0.55	7.69	7.25	7.33	7.80	9.74
Amortization Expense	0.92	0.80	0.74	0.90	1.22	1.11	1.06	1.05	1.02	1.18	1.26
Restructuring Charge	0.00	0.00	0.30	1.56	2.29	0.62	-	0.07	0.36	6.16	1.48
Income Tax Expense	1.50	1.93	-11	3.69	4.58	3.99	3.40	3.81	3.11	-7.64	4.38
Basic Earnings per Share	$0.74	$0.80	($1.82)	$0.91	$0.77	$1.30	$1.06	$0.86	$0.87	($1.55)	$1.06
Weighted Average Basic Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M
Diluted Earnings per Share	$0.74	$0.80	($1.81)	$0.90	$0.76	$1.28	$1.06	$0.85	$0.86	($1.55)	$1.07
Weighted Average Diluted Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M
Weighted Average Basic & Diluted Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	25	-22	17	141	-104	191	-21	-156	275	4.65	224
Net Cash From Operating Activities	14	16	28	37	49	44	103	74	77	74	51
Net Cash From Continuing Operating Activities	14	16	25	37	49	44	103	74	77	74	51
Net Income / (Loss) Continuing Operations	10	9.37	21	36	26	-75	52	58	7.82	63	23
Consolidated Net Income / (Loss)	10	9.37	21	36	26	-75	52	58	7.82	63	23
Provision For Loan Losses	3.05	-	-	3.96	18	24	-8.48	0.13	1.87	2.55	8.95
Depreciation Expense	1.67	1.76	2.50	3.13	3.57	3.73	4.19	4.47	4.52	5.38	6.08
Amortization Expense	2.20	4.08	8.46	-0.03	5.42	8.01	33	7.41	7.73	0.54	-5.75
Non-Cash Adjustments to Reconcile Net Income	-4.91	-0.94	155	0.25	-3.79	87	6.44	3.94	47	-9.06	46
Changes in Operating Assets and Liabilities, net	1.31	1.27	6.46	-6.46	-0.60	-4.00	16	0.44	7.59	12	-26
Net Cash From Investing Activities	-267	-141	-223	-171	96	96	-315	-214	232	124	137
Net Cash From Continuing Investing Activities	-267	-141	-223	-171	96	96	-315	-214	232	124	137
Purchase of Property, Leasehold Improvements and Equipment	-5.74	-2.80	6.87	-8.83	-7.00	-9.61	-5.10	-3.49	-16	-8.49	-13
Purchase of Investment Securities	-371	-285	235	-325	-62	-240	-779	-376	-544	-237	-770
Sale of Property, Leasehold Improvements and Equipment	0.02	0.21	0.01	1.25	0.02	0.01	0.02	0.16	0.16	0.71	0.45
Sale and/or Maturity of Investments	109	146	160	161	165	346	480	208	794	418	982
Other Investing Activities, net	-	-	152	-	0.00	0.00	-11	-2.29	-1.24	-49	-62
Net Cash From Financing Activities	278	103	212	275	-248	52	192	-15	-34	-193	36
Net Cash From Continuing Financing Activities	278	103	212	275	-248	52	192	-15	-34	-193	36
Net Change in Deposits	148	39	-	229	-159	322	229	-106	-96	-163	-43
Issuance of Debt	134	120	82	43	7.21	428	304	415	1,507	1,201	1,274
Issuance of Common Equity	39	24	0.00	-	0.41	-	-	0.00	0.00	87	-0.07
Repayment of Debt	-38	-58	0.46	-11	-74	-679	-328	-276	-1,406	-1,271	-1,157
Repurchase of Common Equity	-	-	0.00	0.00	-11	-19	-19	-33	-18	-12	-14
Payment of Dividends	-0.16	-0.04	-	-	-	0.00	-1.15	-5.56	-6.61	-7.89	-11
Other Financing Activities, Net	-4.61	-4.61	126	15	-12	0.04	7.68	-9.20	-14	-27	-13
Cash Interest Paid	6.67	8.94	15	33	48	26	15	26	81	116	100
Cash Income Taxes Paid	2.94	3.21	6.44	9.21	3.11	12	4.59	1.22	3.47	6.20	-11

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	28	-79	180	-144	25	-25	148	48	-65	333	-92
Net Cash From Operating Activities	19	25	13	13	16	23	22	22	28	8.47	-7.05
Net Cash From Continuing Operating Activities	19	25	13	13	16	23	22	22	28	8.47	-7.05
Net Income / (Loss) Continuing Operations	11	12	-28	14	12	20	17	15	15	-30	22
Consolidated Net Income / (Loss)	11	12	-28	14	12	20	17	15	15	-30	22
Provision For Loan Losses	0.30	1.23	0.71	1.00	0.27	1.18	0.10	2.72	0.02	6.23	-0.02
Depreciation Expense	1.11	1.14	1.18	1.33	1.31	1.35	1.39	1.43	1.45	1.59	1.61
Amortization Expense	2.43	1.49	1.64	-0.20	0.00	0.47	0.27	0.23	-0.05	-2.50	-3.43
Non-Cash Adjustments to Reconcile Net Income	-0.36	1.90	47	-0.04	-1.53	-11	3.18	-2.47	-0.25	55	-6.30
Changes in Operating Assets and Liabilities, net	4.40	7.00	-9.06	-3.52	4.27	11	-0.23	4.73	12	-22	-21
Net Cash From Investing Activities	87	51	112	5.29	24	-61	156	-58	10	251	-67
Net Cash From Continuing Investing Activities	87	51	112	-117	24	-31	248	-58	10	-50	234
Purchase of Property, Leasehold Improvements and Equipment	-2.50	-5.79	-3.44	-2.01	-0.85	-3.79	-1.85	-1.46	-2.28	-4.02	-5.49
Purchase of Investment Securities	18	37	-566	-219	-30	-111	184	-83	-41	-613	-34
Sale of Property, Leasehold Improvements and Equipment	-	0.00	0.12	0.01	2.28	0.05	-1.63	0.27	0.18	-0.00	0.00
Sale and/or Maturity of Investments	73	21	680	108	54	77	116	88	53	567	274
Net Cash From Financing Activities	-79	-156	56	-162	-14	12	-29	84	-104	74	-18
Net Cash From Continuing Financing Activities	-79	-156	56	-162	-14	12	-29	84	-104	74	-18
Net Change in Deposits	-56	-149	63	-124	-30	-21	12	31	-170	54	43
Issuance of Debt	300	300	300	300	300	301	300	300	301	372	301
Repayment of Debt	-311	-300	-300	-320	-270	-263	-418	-241	-229	-344	-343
Repurchase of Common Equity	-8.17	0.13	-0.27	-6.76	-5.10	-	-	0.00	-0.27	-6.53	-7.19
Payment of Dividends	-1.58	-1.54	-1.85	-1.92	-1.80	-1.88	-2.30	-2.71	-2.63	-2.63	-3.45
Other Financing Activities, Net	-2.09	-5.32	-5.64	-9.01	-8.24	-2.64	-7.55	-2.66	-2.38	1.14	-9.18
Cash Interest Paid	20	20	28	31	29	27	29	22	26	28	24
Cash Income Taxes Paid	3.03	0.35	0.06	0.00	3.24	1.26	1.70	0.00	11	0.55	-22

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,586	2,192	3,171	3,730	3,950	4,013	5,138	4,982	5,035	5,332	6,373
Cash and Due from Banks	36	34	48	193	89	280	259	104	363	384	608
Federal Funds Sold	21	0.96	4.16	0.08	0.32	0.55	0.82	0.42	16	0.24	0.26
Interest Bearing Deposits at Other Banks	5.25	3.75	3.50	4.99	2.50	0.25	0.00	0.00	0.00	0.00	0.58
Trading Account Securities	441	561	698	909	911	872	1,327	1,184	920	1,004	1,031
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,266	3,289	3,458	4,145
Loans Held for Sale	958	1,382	2,111	2,568	2,550	2,570	4.21	0.35	0.48	0.51	1.39
Premises and Equipment, Net	39	51	63	80	84	89	104	101	113	117	137
Goodwill	18	59	105	132	136	32	54	53	53	53	82
Intangible Assets	1.55	4.72	11	22	20	16	15	11	7.22	15	22
Other Assets	65	96	127	146	155	153	265	260	271	295	342
Total Liabilities & Shareholders' Equity	1,586	2,192	3,171	4,062	3,950	4,013	5,138	4,982	5,035	5,332	6,373
Total Liabilities	1,418	1,934	2,796	3,598	3,472	3,606	4,637	4,572	4,582	4,739	5,641
Interest Bearing Deposits	1,216	1,630	2,382	3,123	3,064	3,448	4,420	4,242	4,145	4,375	5,138
Federal Funds Purchased and Securities Sold	21	21	37	50	36	36	56	46	44	37	40
Long-Term Debt	173	273	364	415	348	98	96	235	337	276	398
Other Long-Term Liabilities	8.52	9.87	13	18	24	24	65	48	56	52	65
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	167	258	374	456	478	408	501	410	453	593	732
Total Preferred & Common Equity	167	258	374	-0.12	478	408	501	410	453	593	732
Total Common Equity	151	258	374	456	478	408	501	410	453	593	732
Common Stock	138	236	332	379	383	387	479	485	489	585	665
Retained Earnings	35	44	66	101	126	51	88	140	141	195	205
Treasury Stock	-20	-20	-20	-20	-31	-50	-69	-102	-120	-131	-145
Accumulated Other Comprehensive Income / (Loss)	-2.37	-2.70	-3.09	-4.87	-0.00	20	1.78	-114	-58	-55	7.03

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	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	5,000	5,157	5,095	4,945	5,239	5,246	5,355	5,446	5,374	6,366
Cash and Due from Banks	155	250	263	183	218	244	218	431	366	699
Federal Funds Sold	0.37	0.38	15	16	17	16	18	0.25	0.25	0.25
Interest Bearing Deposits at Other Banks	-	-	-	-	-	-	-	-	-	0.57
Trading Account Securities	1,199	1,185	1,095	1,057	1,092	1,042	1,041	950	973	904
Loans and Leases, Net of Allowance	0.00	0.00	3,278	3,238	3,438	3,411	3,557	3,586	3,555	4,215
Loans Held for Sale	1.52	0.65	2.46	0.63	1.31	1.96	0.90	0.34	0.22	0.62
Premises and Equipment, Net	101	105	106	110	117	114	117	117	118	133
Goodwill	53	53	53	53	53	53	53	53	53	78
Intangible Assets	12	9.68	8.76	7.96	18	17	16	14	13	23
Other Assets	271	3,553	271	277	283	341	329	289	290	307
Total Liabilities & Shareholders' Equity	5,000	5,157	5,095	4,945	5,239	5,246	5,355	5,446	5,374	6,366
Total Liabilities	4,605	4,732	4,676	4,527	4,782	4,784	4,851	4,829	4,738	5,654
Interest Bearing Deposits	4,227	4,287	4,231	4,082	4,371	4,341	4,363	4,405	4,235	5,095
Federal Funds Purchased and Securities Sold	47	45	45	40	44	38	38	37	36	42
Long-Term Debt	282	348	337	337	317	348	393	334	408	440
Other Long-Term Liabilities	48	52	64	68	50	57	57	52	59	77
Commitments & Contingencies	0.00	0.00	0.00	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	617	636	712
Total Preferred & Common Equity	396	425	418	418	457	461	504	617	636	712
Total Common Equity	396	425	418	418	457	461	504	617	636	712
Common Stock	483	487	487	488	491	492	495	586	588	659
Retained Earnings	130	151	161	171	153	163	181	207	220	187
Treasury Stock	-96	-111	-119	-119	-126	-132	-132	-131	-132	-138
Accumulated Other Comprehensive Income / (Loss)	-121	-101	-110	-122	-61	-62	-40	-45	-40	4.72

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	8,211,727.00	8,219,415.00	12,234,019.00	15,792,695.00	15,442,584.00	14,853,487.00	16,851,049.00	-	-	-	19,076,412.00
DEI Adjusted Shares Outstanding	8,211,727.00	8,219,415.00	12,234,019.00	15,792,695.00	15,442,584.00	14,853,487.00	16,851,049.00	-	-	-	19,076,412.00
DEI Earnings Per Adjusted Shares Outstanding	1.25	1.14	1.91	2.27	1.66	-5.05	3.11	-	-	-	1.19
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.05%	12.48%	60.86%	42.47%	4.38%	5.19%	10.55%	13.32%	-29.63%	60.83%	-6.64%
EBITDA Growth	13.10%	7.63%	76.56%	41.55%	-15.09%	-250.18%	260.99%	-18.78%	-82.15%	474.21%	-68.28%
EBIT Growth	9.49%	-3.97%	143.60%	36.67%	-28.84%	-326.95%	186.41%	9.07%	-96.56%	3,141.45%	-66.30%
NOPAT Growth	14.61%	-8.99%	120.28%	73.50%	-28.60%	-304.07%	200.54%	9.92%	-86.44%	700.68%	-63.71%
Net Income Growth	14.61%	-8.99%	149.71%	53.05%	-28.60%	-393.09%	170.00%	9.92%	-86.44%	700.68%	-63.71%
EPS Growth	18.46%	-30.52%	51.40%	40.74%	-29.39%	-408.70%	169.01%	2.33%	-85.76%	700.00%	-69.25%
Operating Cash Flow Growth	-0.40%	14.16%	0.00%	0.00%	32.33%	-10.10%	135.43%	-27.87%	3.31%	-3.50%	-30.44%
Free Cash Flow Firm Growth	-8.86%	-8.30%	-2.81%	222.05%	-211.55%	205.72%	-114.37%	123.06%	-1,637.08%	88.24%	-1,387.64%
Invested Capital Growth	109.18%	56.00%	38.98%	-25.96%	51.11%	-38.80%	18.01%	8.18%	22.39%	9.96%	30.14%
Revenue Q/Q Growth	0.00%	4.67%	11.23%	7.51%	0.17%	3.26%	1.36%	2.03%	-27.97%	38.24%	7.55%
EBITDA Q/Q Growth	0.00%	-3.12%	27.54%	8.17%	5.51%	2.34%	-0.49%	1.64%	-78.97%	232.56%	10.74%
EBIT Q/Q Growth	0.00%	-11.56%	37.70%	6.13%	0.76%	1.91%	-6.05%	7.35%	-95.79%	329.17%	29.94%
NOPAT Q/Q Growth	0.00%	-18.56%	22.97%	18.73%	0.35%	1.91%	-3.71%	2.02%	-83.61%	261.22%	28.92%
Net Income Q/Q Growth	0.00%	-18.56%	39.40%	8.78%	0.35%	3.19%	-3.71%	2.02%	-83.61%	261.22%	28.92%
EPS Q/Q Growth	0.00%	-23.57%	22.73%	16.33%	0.63%	4.24%	-7.30%	3.85%	-83.44%	253.98%	0.82%
Operating Cash Flow Q/Q Growth	-15.83%	-1.44%	0.00%	0.00%	27.85%	-19.35%	18.28%	-8.28%	-4.26%	13.40%	-35.89%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-33.61%	143.19%	-247.70%	37.16%	-118.69%	107.68%	-369.27%	87.16%	-1.08%
Invested Capital Q/Q Growth	0.00%	56.51%	48.93%	-48.08%	-8.87%	-23.13%	17.94%	-4.83%	4.62%	-3.22%	-1.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	32.67%	31.26%	34.32%	34.09%	27.73%	-39.60%	57.66%	41.33%	10.48%	37.43%	12.72%
EBIT Margin	25.76%	21.99%	33.30%	31.95%	21.78%	-47.00%	36.73%	35.36%	1.73%	34.79%	12.56%
Profit (Net Income) Margin	18.37%	14.86%	23.08%	24.79%	16.96%	-47.25%	29.92%	29.02%	5.59%	27.83%	10.82%
Tax Burden Percent	71.32%	67.59%	75.45%	77.59%	77.85%	100.54%	81.45%	82.08%	323.85%	80.00%	86.15%
Interest Burden Percent	100.00%	100.00%	91.83%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	28.68%	32.41%	33.45%	22.41%	22.15%	0.00%	18.55%	17.92%	-223.85%	20.00%	13.85%
Return on Invested Capital (ROIC)	4.09%	2.15%	3.25%	5.58%	3.73%	-7.84%	9.52%	9.29%	1.09%	7.55%	2.27%
ROIC Less NNEP Spread (ROIC-NNEP)	4.09%	2.15%	4.12%	5.58%	3.73%	-18.06%	9.52%	9.29%	1.09%	7.55%	2.27%
Return on Net Nonoperating Assets (RNNOA)	3.14%	2.26%	4.15%	3.06%	1.75%	-9.09%	2.03%	3.38%	0.72%	4.42%	1.16%
Return on Equity (ROE)	7.23%	4.41%	7.41%	8.63%	5.48%	-16.93%	11.56%	12.67%	1.81%	11.98%	3.43%
Cash Return on Invested Capital (CROIC)	-66.53%	-41.60%	-29.37%	35.41%	-36.98%	40.30%	-7.00%	1.43%	-19.04%	-1.94%	-23.92%
Operating Return on Assets (OROA)	1.05%	0.73%	1.26%	1.34%	0.86%	-1.87%	1.41%	1.39%	0.05%	1.51%	0.45%
Return on Assets (ROA)	0.75%	0.50%	0.87%	1.04%	0.67%	-1.88%	1.15%	1.14%	0.16%	1.21%	0.39%
Return on Common Equity (ROCE)	6.40%	4.24%	7.41%	8.63%	5.48%	-16.93%	11.56%	12.67%	1.81%	11.98%	3.43%
Return on Equity Simple (ROE_SIMPLE)	6.16%	3.63%	6.26%	0.00%	5.35%	-18.39%	10.48%	14.07%	1.73%	10.56%	3.10%
Net Operating Profit after Tax (NOPAT)	10	9.37	21	36	26	-52	52	58	7.82	63	23
NOPAT Margin	18.37%	14.86%	20.36%	24.79%	16.96%	-32.90%	29.92%	29.02%	5.59%	27.83%	10.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-0.87%	0.00%	0.00%	10.22%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.04%	49.64%	46.62%	46.53%	49.05%	48.15%	46.16%	47.87%	71.18%	50.02%	60.03%
Operating Expenses to Revenue	68.81%	74.65%	66.50%	65.31%	66.05%	131.71%	68.10%	64.58%	96.93%	64.07%	83.18%
Earnings before Interest and Taxes (EBIT)	14	14	34	46	33	-75	64	70	2.42	78	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	20	35	49	42	-63	101	82	15	84	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.03	1.11	1.17	0.96	0.76	1.10	1.23	1.14	1.09	1.16
Price to Tangible Book Value (P/TBV)	1.41	1.37	1.61	1.77	1.42	0.86	1.28	1.46	1.31	1.24	1.36
Price to Revenue (P/Rev)	3.29	4.21	4.10	3.70	3.04	1.94	3.15	2.54	3.68	2.88	4.06
Price to Earnings (P/E)	18.22	28.33	20.15	14.93	17.90	0.00	10.51	8.75	65.85	10.36	37.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.49%	1.14%	1.32%	1.27%	1.48%
Earnings Yield	5.49%	3.53%	4.96%	6.70%	5.59%	0.00%	9.51%	11.43%	1.52%	9.66%	2.67%
Enterprise Value to Invested Capital (EV/IC)	0.92	0.94	0.98	1.37	0.86	0.25	0.65	0.98	0.60	0.62	0.57
Enterprise Value to Revenue (EV/Rev)	5.57	7.93	7.14	5.20	4.73	0.79	2.21	3.20	3.38	2.40	3.05
Enterprise Value to EBITDA (EV/EBITDA)	17.04	25.36	20.81	15.25	17.07	0.00	3.83	7.73	32.25	6.42	24.02
Enterprise Value to EBIT (EV/EBIT)	21.61	36.05	21.45	16.28	21.73	0.00	6.02	9.04	195.80	6.90	24.32
Enterprise Value to NOPAT (EV/NOPAT)	30.30	53.34	35.09	20.98	27.91	0.00	7.39	11.02	60.46	8.63	28.23
Enterprise Value to Operating Cash Flow (EV/OCF)	22.91	32.16	0.00	20.50	14.72	2.86	3.78	8.58	6.18	7.32	12.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	3.30	0.00	0.47	0.00	71.48	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	1.06	0.97	0.91	0.73	0.24	0.19	0.57	0.74	0.46	0.54
Long-Term Debt to Equity	1.04	1.06	0.97	0.91	0.73	0.24	0.19	0.57	0.74	0.46	0.54
Financial Leverage	0.77	1.05	1.01	0.55	0.47	0.50	0.21	0.36	0.66	0.59	0.51
Leverage Ratio	9.69	8.89	8.48	8.31	8.22	8.99	10.08	11.11	11.61	9.91	8.83
Compound Leverage Factor	9.69	8.89	7.79	8.31	8.22	8.99	10.08	11.11	11.61	9.91	8.83
Debt to Total Capital	50.89%	51.44%	49.32%	47.63%	42.12%	19.35%	16.07%	36.46%	42.66%	31.73%	35.23%
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%	0.00%
Long-Term Debt to Total Capital	50.89%	51.44%	49.32%	47.63%	42.12%	19.35%	16.07%	36.46%	42.66%	31.73%	35.23%
Preferred Equity to Total Capital	4.81%	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%	0.00%
Common Equity to Total Capital	44.30%	48.56%	50.68%	52.37%	57.88%	80.65%	83.93%	63.54%	57.34%	68.27%	64.77%
Debt to EBITDA	9.46	13.86	10.46	8.41	8.32	-1.56	0.95	2.86	22.98	3.27	14.90
Net Debt to EBITDA	6.07	11.89	8.86	4.40	6.12	2.91	-1.62	1.59	-2.88	-1.29	-7.87
Long-Term Debt to EBITDA	9.46	13.86	10.46	8.41	8.32	-1.56	0.95	2.86	22.98	3.27	14.90
Debt to NOPAT	16.83	29.15	17.64	11.57	13.60	-1.87	1.83	4.08	43.08	4.40	17.52
Net Debt to NOPAT	10.80	25.01	14.94	6.05	10.01	3.51	-3.13	2.27	-5.39	-1.73	-9.25
Long-Term Debt to NOPAT	16.83	29.15	17.64	11.57	13.60	-1.87	1.83	4.08	43.08	4.40	17.52
Noncontrolling Interest Sharing Ratio	11.49%	3.85%	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)	-167	-181	-186	228	-254	268	-39	8.89	-137	-16	-239
Operating Cash Flow to CapEx	238.07%	601.01%	0.00%	483.91%	694.84%	454.34%	2,022.81%	2,226.42%	479.07%	948.31%	401.13%
Free Cash Flow to Firm to Interest Expense	-24.75	-19.71	-11.17	6.19	-5.11	11.71	-2.61	0.35	-1.56	-0.15	-2.28
Operating Cash Flow to Interest Expense	2.01	1.69	0.00	1.00	0.98	1.90	6.94	2.91	0.87	0.67	0.49
Operating Cash Flow Less CapEx to Interest Expense	1.17	1.41	0.00	0.79	0.84	1.49	6.60	2.78	0.69	0.60	0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.04	0.04
Fixed Asset Turnover	1.53	1.41	1.78	2.01	1.83	1.83	1.81	1.93	1.31	1.96	1.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	341	531	738	547	826	505	597	645	790	868	1,130
Invested Capital Turnover	0.22	0.14	0.16	0.23	0.22	0.24	0.32	0.32	0.20	0.27	0.21
Increase / (Decrease) in Invested Capital	178	191	207	-192	279	-321	91	49	144	79	262
Enterprise Value (EV)	312	500	725	752	714	125	388	635	473	540	642
Market Capitalization	184	266	416	535	458	308	552	505	515	649	852
Book Value per Share	$18.37	$31.38	$30.58	$28.87	$30.96	$27.44	$29.71	$25.73	$29.38	$38.78	$38.37
Tangible Book Value per Share	$15.98	$23.65	$21.13	$19.15	$20.83	$24.24	$25.59	$21.73	$25.47	$34.33	$32.94
Total Capital	341	531	738	871	826	505	597	645	790	868	1,130
Total Debt	173	273	364	415	348	98	96	235	337	276	398
Total Long-Term Debt	173	273	364	415	348	98	96	235	337	276	398
Net Debt	111	234	308	217	256	-183	-164	131	-42	-108	-210
Capital Expenditures (CapEx)	5.72	2.59	0.00	7.58	6.98	9.60	5.08	3.33	16	7.79	13
Net Nonoperating Expense (NNE)	0.00	0.00	-2.76	0.00	0.00	23	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	173	273	364	91	348	98	96	235	337	276	398
Total Depreciation and Amortization (D&A)	3.88	5.85	1.03	3.10	8.98	12	37	12	12	5.92	0.33
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.55	$1.09	$1.66	$2.33	$1.64	($4.97)	$3.49	$3.56	$0.50	$4.04	$1.24
Adjusted Weighted Average Basic Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
Adjusted Diluted Earnings per Share	$1.54	$1.07	$1.62	$2.28	$1.61	($4.97)	$3.43	$3.51	$0.50	$4.00	$1.23
Adjusted Weighted Average Diluted Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.21M	11.72M	14.61M	15.80M	15.41M	14.45M	16.66M	15.80M	15.44M	17.51M	20.99M
Normalized Net Operating Profit after Tax (NOPAT)	12	13	24	42	26	21	60	58	1.90	66	31
Normalized NOPAT Margin	20.93%	20.60%	23.87%	28.79%	17.43%	13.48%	34.36%	29.27%	1.36%	29.42%	14.69%
Pre Tax Income Margin	25.76%	21.99%	30.59%	31.95%	21.78%	-47.00%	36.73%	35.36%	1.73%	34.79%	12.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.13	1.51	2.02	1.26	0.66	-3.26	4.36	2.77	0.03	0.71	0.25
NOPAT to Interest Expense	1.52	1.02	1.24	0.97	0.52	-2.28	3.55	2.27	0.09	0.57	0.22
EBIT Less CapEx to Interest Expense	1.29	1.23	2.02	1.05	0.52	-3.67	4.01	2.63	-0.15	0.64	0.13
NOPAT Less CapEx to Interest Expense	0.68	0.74	1.24	0.77	0.37	-2.70	3.21	2.14	-0.09	0.50	0.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.59%	0.45%	0.00%	0.00%	0.00%	0.00%	2.19%	9.65%	84.57%	12.60%	50.24%
Augmented Payout Ratio	1.59%	0.45%	0.00%	0.00%	42.48%	-25.81%	37.75%	67.17%	313.44%	31.54%	111.78%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	17,508,740.00	17,515,494.00	19,218,036.00	19,076,412.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	17,508,740.00	17,515,494.00	19,218,036.00	19,076,412.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	0.86	0.87	-1.54	1.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.74%	-2.29%	-107.84%	17.19%	19.52%	11.26%	1,576.79%	8.42%	5.33%	-67.47%	25.30%
EBITDA Growth	-19.58%	-20.24%	-302.10%	4.31%	6.81%	51.77%	159.85%	8.59%	12.28%	-248.92%	11.75%
EBIT Growth	-23.56%	-24.13%	-359.83%	19.63%	25.84%	67.01%	151.40%	6.13%	12.72%	-256.50%	29.82%
NOPAT Growth	-24.92%	-18.65%	-339.14%	14.16%	1.89%	60.85%	161.19%	6.92%	30.28%	-231.54%	30.01%
Net Income Growth	-24.92%	-18.65%	-343.79%	14.16%	2.27%	60.85%	160.02%	6.92%	30.28%	-249.43%	30.01%
EPS Growth	-21.28%	-13.98%	-354.93%	16.88%	2.70%	60.00%	158.56%	-5.56%	13.16%	-221.09%	0.94%
Operating Cash Flow Growth	-45.30%	72.36%	-20.79%	-33.94%	-17.06%	-6.45%	67.27%	71.53%	76.31%	-63.91%	-132.50%
Free Cash Flow Firm Growth	-76.70%	58.94%	-363.10%	108.10%	69.74%	-90.06%	64.17%	-1,336.69%	-420.34%	-128.53%	-288.40%
Invested Capital Growth	24.96%	11.33%	22.39%	0.12%	7.13%	18.87%	9.96%	22.99%	28.99%	28.31%	30.14%
Revenue Q/Q Growth	-2.79%	7.26%	-107.93%	1,516.59%	-0.86%	-0.16%	5.31%	4.00%	-3.68%	-69.16%	305.61%
EBITDA Q/Q Growth	-8.97%	2.55%	-317.90%	151.28%	-6.79%	45.71%	-14.07%	-6.96%	-3.62%	-293.26%	164.48%
EBIT Q/Q Growth	-12.77%	10.21%	-377.84%	144.79%	-8.24%	46.26%	-14.48%	-7.53%	-2.54%	-303.06%	170.94%
NOPAT Q/Q Growth	-7.04%	7.73%	-324.93%	150.68%	-17.03%	70.06%	-14.43%	-11.45%	1.48%	-271.07%	184.57%
Net Income Q/Q Growth	-7.04%	7.73%	-329.31%	149.71%	-16.72%	69.44%	-14.43%	-11.45%	1.48%	-294.33%	174.45%
EPS Q/Q Growth	-3.90%	8.11%	-326.25%	149.72%	-15.56%	68.42%	-17.19%	-19.81%	1.18%	-280.23%	169.03%
Operating Cash Flow Q/Q Growth	1.02%	29.85%	-48.31%	-2.57%	26.83%	46.46%	-7.58%	-0.08%	30.36%	-70.02%	-183.22%
Free Cash Flow Firm Q/Q Growth	14.24%	53.72%	-166.99%	107.65%	-420.24%	-190.69%	49.67%	-163.97%	-34.61%	-27.80%	14.47%
Invested Capital Q/Q Growth	-2.30%	-0.02%	4.62%	-2.03%	4.55%	10.93%	-3.22%	9.58%	9.64%	10.35%	-1.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.54%	33.98%	0.00%	33.79%	31.76%	46.35%	37.82%	33.84%	33.86%	-212.19%	33.73%
EBIT Margin	27.92%	28.69%	0.00%	31.77%	29.40%	43.07%	34.97%	31.09%	31.46%	-207.18%	36.23%
Profit (Net Income) Margin	24.70%	24.81%	0.00%	25.16%	21.14%	35.87%	29.14%	24.81%	26.14%	-164.74%	30.24%
Tax Burden Percent	88.46%	86.46%	71.36%	79.21%	71.89%	83.28%	83.33%	79.79%	83.09%	79.52%	83.45%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	11.54%	13.54%	0.00%	20.79%	28.11%	16.72%	16.67%	20.21%	16.91%	0.00%	16.55%
Return on Invested Capital (ROIC)	7.10%	6.72%	0.00%	4.82%	4.23%	7.07%	7.91%	6.61%	6.57%	-27.65%	6.36%
ROIC Less NNEP Spread (ROIC-NNEP)	7.10%	6.72%	0.00%	4.82%	4.24%	7.07%	7.91%	6.61%	6.57%	-28.50%	6.36%
Return on Net Nonoperating Assets (RNNOA)	4.30%	5.11%	0.00%	3.63%	3.30%	5.59%	4.63%	4.01%	4.52%	-19.52%	3.23%
Return on Equity (ROE)	11.40%	11.84%	0.00%	8.45%	7.53%	12.66%	12.54%	10.61%	11.09%	-47.17%	9.59%
Cash Return on Invested Capital (CROIC)	-14.75%	-4.06%	-19.04%	1.12%	-5.63%	-15.14%	-1.94%	-13.25%	-18.07%	-23.08%	-23.92%
Operating Return on Assets (OROA)	1.08%	1.12%	0.00%	0.91%	0.89%	1.36%	1.52%	1.34%	1.38%	-6.90%	1.30%
Return on Assets (ROA)	0.96%	0.97%	0.00%	0.72%	0.64%	1.13%	1.26%	1.07%	1.15%	-5.49%	1.09%
Return on Common Equity (ROCE)	11.40%	11.84%	0.00%	8.45%	7.53%	12.66%	12.54%	10.61%	11.09%	-47.17%	9.59%
Return on Equity Simple (ROE_SIMPLE)	12.08%	11.41%	0.00%	2.09%	2.13%	3.44%	0.00%	10.30%	10.56%	2.48%	0.00%
Net Operating Profit after Tax (NOPAT)	11	12	-28	14	12	20	17	15	15	-26	22
NOPAT Margin	24.70%	24.81%	0.00%	25.16%	21.06%	35.87%	29.14%	24.81%	26.14%	-145.02%	30.24%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.19%	0.00%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.85%	0.00%
SG&A Expenses to Revenue	51.57%	50.44%	0.00%	49.54%	50.40%	51.48%	48.72%	49.58%	50.49%	184.84%	45.56%
Operating Expenses to Revenue	71.43%	68.84%	0.00%	66.45%	70.12%	54.80%	64.86%	64.42%	68.51%	272.59%	63.79%
Earnings before Interest and Taxes (EBIT)	13	14	-40	18	16	24	20	19	18	-37	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	17	-37	19	18	26	22	21	20	-38	25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.83	0.87	1.14	1.16	1.16	1.24	1.09	1.12	1.12	1.10	1.16
Price to Tangible Book Value (P/TBV)	0.97	1.02	1.31	1.37	1.37	1.43	1.24	1.25	1.25	1.28	1.36
Price to Revenue (P/Rev)	1.78	1.88	3.68	3.57	3.42	3.83	2.88	3.00	3.07	4.00	4.06
Price to Earnings (P/E)	6.87	7.66	65.85	55.27	54.64	35.99	10.36	10.85	10.64	44.37	37.48
Dividend Yield	1.78%	1.77%	1.32%	1.34%	1.36%	1.25%	1.27%	1.45%	1.47%	1.55%	1.48%
Earnings Yield	14.56%	13.05%	1.52%	1.81%	1.83%	2.78%	9.66%	9.22%	9.40%	2.25%	2.67%
Enterprise Value to Invested Capital (EV/IC)	0.54	0.67	0.60	0.79	0.77	0.87	0.62	0.62	0.72	0.45	0.57
Enterprise Value to Revenue (EV/Rev)	2.08	2.59	3.38	4.12	3.97	4.80	2.40	2.58	3.25	2.67	3.05
Enterprise Value to EBITDA (EV/EBITDA)	5.48	7.22	32.25	39.54	37.67	30.88	6.42	6.91	8.59	21.63	24.02
Enterprise Value to EBIT (EV/EBIT)	6.56	8.78	195.80	114.60	71.94	42.86	6.90	7.47	9.29	25.70	24.32
Enterprise Value to NOPAT (EV/NOPAT)	8.03	10.55	60.46	63.84	63.52	45.10	8.63	9.32	11.26	29.60	28.23
Enterprise Value to Operating Cash Flow (EV/OCF)	5.85	6.30	6.18	8.72	9.35	12.01	7.32	7.15	7.95	6.51	12.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	70.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.81	0.74	0.69	0.75	0.78	0.46	0.54	0.64	0.62	0.54
Long-Term Debt to Equity	0.80	0.81	0.74	0.69	0.75	0.78	0.46	0.54	0.64	0.62	0.54
Financial Leverage	0.61	0.76	0.66	0.75	0.78	0.79	0.59	0.61	0.69	0.69	0.51
Leverage Ratio	11.93	12.22	11.61	11.79	11.75	11.17	9.91	9.95	9.68	9.64	8.83
Compound Leverage Factor	11.93	12.22	11.61	11.79	11.75	11.17	9.91	9.95	9.68	9.64	8.83
Debt to Total Capital	44.58%	44.61%	42.66%	40.97%	42.96%	43.83%	31.73%	35.13%	39.08%	38.17%	35.23%
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%	0.00%
Long-Term Debt to Total Capital	44.58%	44.61%	42.66%	40.97%	42.96%	43.83%	31.73%	35.13%	39.08%	38.17%	35.23%
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%	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%	0.00%
Common Equity to Total Capital	55.42%	55.39%	57.34%	59.03%	57.04%	56.17%	68.27%	64.87%	60.92%	61.83%	64.77%
Debt to EBITDA	4.55	4.83	22.98	20.52	20.97	15.54	3.27	3.90	4.63	18.22	14.90
Net Debt to EBITDA	0.79	1.98	-2.88	5.31	5.27	6.23	-1.29	-1.13	0.47	-10.80	-7.87
Long-Term Debt to EBITDA	4.55	4.83	22.98	20.52	20.97	15.54	3.27	3.90	4.63	18.22	14.90
Debt to NOPAT	6.66	7.06	43.08	33.14	35.37	22.69	4.40	5.26	6.07	24.93	17.52
Net Debt to NOPAT	1.16	2.89	-5.39	8.57	8.88	9.11	-1.73	-1.53	0.62	-14.77	-9.25
Long-Term Debt to NOPAT	6.66	7.06	43.08	33.14	35.37	22.69	4.40	5.26	6.07	24.93	17.52
Noncontrolling Interest Sharing Ratio	0.00%	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)	-139	-65	-172	13	-42	-123	-62	-163	-219	-280	-240
Operating Cash Flow to CapEx	772.15%	433.44%	391.67%	630.37%	0.00%	628.09%	624.22%	1,820.32%	1,342.66%	210.51%	-128.57%
Free Cash Flow to Firm to Interest Expense	-6.39	-2.68	-6.94	0.48	-1.47	-4.24	-2.42	-6.68	-8.99	-9.79	-8.76
Operating Cash Flow to Interest Expense	0.89	1.04	0.52	0.46	0.56	0.81	0.85	0.89	1.16	0.30	-0.26
Operating Cash Flow Less CapEx to Interest Expense	0.77	0.80	0.39	0.39	0.61	0.68	0.71	0.84	1.07	0.16	-0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.03	0.04
Fixed Asset Turnover	1.88	1.84	1.31	1.34	1.43	1.43	1.96	1.96	2.01	1.56	1.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	755	755	790	774	809	897	868	952	1,043	1,151	1,130
Invested Capital Turnover	0.29	0.27	0.20	0.19	0.20	0.20	0.27	0.27	0.25	0.19	0.21
Increase / (Decrease) in Invested Capital	151	77	144	0.90	54	142	79	178	235	254	262
Enterprise Value (EV)	406	503	473	611	624	782	540	593	756	522	642
Market Capitalization	347	366	515	529	537	624	649	690	715	782	852
Book Value per Share	$27.03	$27.13	$29.38	$29.59	$30.25	$33.02	$38.78	$35.26	$36.29	$37.04	$38.37
Tangible Book Value per Share	$23.03	$23.17	$25.47	$24.99	$25.68	$28.49	$34.33	$31.43	$32.52	$31.82	$32.94
Total Capital	755	755	790	774	809	897	868	952	1,043	1,151	1,130
Total Debt	337	337	337	317	348	393	276	334	408	440	398
Total Long-Term Debt	337	337	337	317	348	393	276	334	408	440	398
Net Debt	59	138	-42	82	87	158	-108	-97	42	-260	-210
Capital Expenditures (CapEx)	2.50	5.79	3.31	2.01	-1.43	3.74	3.48	1.19	2.11	4.03	5.48
Net Nonoperating Expense (NNE)	0.00	0.00	0.54	0.00	-0.04	0.00	0.00	0.00	0.00	3.55	0.00
Net Nonoperating Obligations (NNO)	337	337	337	317	348	393	276	334	408	440	398
Total Depreciation and Amortization (D&A)	3.53	2.63	2.82	1.13	1.31	1.82	1.66	1.66	1.40	-0.90	-1.83
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.74	$0.80	($1.82)	$0.91	$0.77	$1.30	$1.06	$0.86	$0.87	($1.55)	$1.06
Adjusted Weighted Average Basic Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M
Adjusted Diluted Earnings per Share	$0.74	$0.80	($1.81)	$0.90	$0.76	$1.28	$1.06	$0.85	$0.86	($1.55)	$1.07
Adjusted Weighted Average Diluted Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.41M	15.41M	15.44M	15.25M	15.26M	15.29M	17.51M	17.52M	19.22M	19.08M	20.99M
Normalized Net Operating Profit after Tax (NOPAT)	11	12	-28	15	13	20	17	15	17	-22	23
Normalized NOPAT Margin	24.70%	24.81%	0.00%	27.36%	24.02%	36.80%	29.14%	24.90%	28.58%	-121.06%	31.93%
Pre Tax Income Margin	27.92%	28.69%	0.00%	31.77%	29.40%	43.07%	34.97%	31.09%	31.46%	-207.18%	36.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.59	0.59	-1.60	0.64	0.57	0.82	0.80	0.77	0.75	-1.30	0.97
NOPAT to Interest Expense	0.52	0.51	-1.12	0.51	0.41	0.69	0.67	0.62	0.63	-0.91	0.81
EBIT Less CapEx to Interest Expense	0.48	0.35	-1.73	0.57	0.62	0.69	0.66	0.72	0.67	-1.44	0.77
NOPAT Less CapEx to Interest Expense	0.41	0.27	-1.25	0.44	0.46	0.56	0.53	0.57	0.54	-1.05	0.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.09%	13.34%	84.57%	72.09%	72.44%	42.97%	12.60%	13.64%	14.17%	58.24%	50.24%
Augmented Payout Ratio	66.18%	61.72%	313.44%	229.57%	194.48%	112.90%	31.54%	21.66%	14.58%	96.82%	111.78%

Financials Breakdown Chart

Key Financial Trends

Equity Bancshares (NYSE: EQBK) has shown notable volatility across 2022–2025, but the latest Q4 2025 results point to a rebound in profitability, improving loan growth and funding momentum. Over the last four years, the company generally expanded its loan portfolio, maintained solid net interest income, and returned cash to shareholders, while cash flow and quarterly earnings have swings driven by provisioning, capital gains/losses, and non-interest expenses. Below are the key trends and takeaways most relevant to retail investors.

Q4 2025 earnings rebound: Consolidated net income increased to 22,084,000 with basic EPS of 1.06 and diluted EPS of 1.07, marking a strong turnaround after the Q3 2025 loss.
Strong quarterly revenue mix in Q4 2025: Total revenue of 73,034,000 and pre-tax income of 26,463,000 led to net income of 22,084,000, demonstrating solid profitability for the quarter.
Solid net interest income driving results: Net interest income in Q4 2025 was 63,502,000, supported by Total Interest Income of 90,866,000 and Total Interest Expense of 27,364,000.
Loan portfolio growth continues: Loans and Leases Net of Allowance rose to about 4.22 billion by 9/30/2025, up from roughly 3.56–3.58 billion earlier in the year, signaling ongoing loan growth.
Funding strength improving with deposits: Positive net changes in deposits in recent quarters (e.g., 43.4 million in Q4 2025 and 53.7 million in Q3 2025) point to improved funding stability.
Costs remain a sizable but stable base: Total Non-Interest Expense stayed in the mid-40s million range (e.g., around 46.6 million in Q4 2025), suggesting a relatively stable operating cost base alongside revenue swings.
Non-interest income showed quarter-to-quarter volatility: Capital gains/losses and other non-interest items fluctuated across quarters, contributing to earnings volatility rather than a steady trend.
Q3 2025 was a material earnings trough: Net income of -29,663,000 and a corresponding diluted EPS of -1.55, highlighting a significant quarterly deterioration driven by higher expenses and investment-related losses.
Near-term cash flow pressures in Q4 2025: Net cash from continuing operating activities was negative (-7,051,000) in Q4 2025, and quarterly cash balance movement shows a sizable draw (net change in cash and equivalents of about -91,593,000).
Persistent earnings volatility: Across 2023–2025, quarterly earnings and cash flows swing due to provisioning, capital gains/losses, and non-interest expense variations, making near-term earnings visibility more challenging.

05/05/26 05:48 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Equity Bancshares' Financials

When does Equity Bancshares' fiscal year end?

According to the most recent income statement we have on file, Equity Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Equity Bancshares' net income changed over the last 10 years?

Equity Bancshares' net income appears to be on an upward trend, with a most recent value of $22.73 million in 2025, rising from $10.30 million in 2015. The previous period was $62.62 million in 2024. See Equity Bancshares' forecast for analyst expectations on whatâ€™s next for the company.

How has Equity Bancshares' revenue changed over the last 10 years?

Over the last 10 years, Equity Bancshares' total revenue changed from $56.06 million in 2015 to $210.05 million in 2025, a change of 274.7%.

How much debt does Equity Bancshares have?

Equity Bancshares' total liabilities were at $5.64 billion at the end of 2025, a 19.0% increase from 2024, and a 297.7% increase since 2015.

How much cash does Equity Bancshares have?

In the past 10 years, Equity Bancshares' cash and equivalents has ranged from $34.14 million in 2016 to $607.56 million in 2025, and is currently $607.56 million as of their latest financial filing in 2025.

How has Equity Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, Equity Bancshares' book value per share changed from 18.37 in 2015 to 38.37 in 2025, a change of 108.9%.

Related Companies

Financial statements for NYSE:EQBK last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Equity Bancshares (EQBK) Financials

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Equity Bancshares (EQBK) Financials

Annual Income Statements for Equity Bancshares

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Quarterly Metrics And Ratios for Equity Bancshares

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