What is Equity Bancshare's earnings per share (EPS)?

Equity Bancshare (EQBK) reported diluted earnings per share of $1.23 for fiscal year 2025. This represents a -69.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Equity Bancshare Financials

EQBK

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Equity Bancshare (EQBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI EQBK FY2025 2026-05-08

Equity Bancshares is growing its balance sheet, but each new dollar of assets is producing less profit.

FY2025 added scale: total assets moved from $5.33B to $6.37B. Return on assets simultaneously fell from 1.2% to 0.4%, showing that recent growth made the balance sheet bigger without making it proportionally more profitable, which is the key operating test for an asset-heavy business.

Reported profit was far more volatile than cash generation, which makes the earnings line look less stable than the underlying cash engine. Across FY2023-FY2025, operating cash flow stayed between $51.4M and $76.5M even as net income swung sharply, so the income statement carried more of the turbulence than cash receipts did.

Capital has been rebuilt since the FY2023 trough; debt-to-equity eased from 0.9x to 0.6x, reducing dependence on borrowed funding relative to its own capital. Equity also climbed from $452.9M to $732.1M, so FY2025's weak ROE reflects a larger capital base earning less, not a thinner cushion.

Financial Health Signals

Financial Health Score 34/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Equity Bancshare's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Stability

Piotroski F-Score Partial

3/6

Equity Bancshare passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.26x

For every $1 of reported earnings, Equity Bancshare generates $2.26 in operating cash flow ($51.4M OCF vs $22.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$330.8M

YoY+11.5%

5Y CAGR+16.3%

10Y CAGR+20.1%

Equity Bancshare generated $330.8M in revenue in fiscal year 2025. This represents an increase of 11.5% from the prior year.

EBITDA

N/A

Net Income

$22.7M

YoY-63.7%

10Y CAGR+8.2%

Equity Bancshare reported $22.7M in net income in fiscal year 2025. This represents a decrease of 63.7% from the prior year.

EPS (Diluted)

$1.23

YoY-69.3%

10Y CAGR-2.2%

Equity Bancshare earned $1.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 69.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$38.1M

YoY-41.7%

5Y CAGR+2.3%

10Y CAGR+17.1%

Equity Bancshare generated $38.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.66

YoY+22.2%

Equity Bancshare paid $0.66 per share in dividends in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.9%

YoY-14.2pp

5Y CAGR+55.1pp

10Y CAGR-12.6pp

Equity Bancshare's net profit margin was 6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.2 percentage points from the prior year.

Return on Equity

3.1%

YoY-7.5pp

5Y CAGR+21.5pp

10Y CAGR-3.1pp

Equity Bancshare's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$14.0M

YoY+17.9%

5Y CAGR-6.3%

Equity Bancshare spent $14.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 17.9% from the prior year.

Capital Expenditures

$13.3M

YoY+56.0%

5Y CAGR+6.8%

10Y CAGR+8.7%

Equity Bancshare invested $13.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 56.0% from the prior year.

EQBK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$330.8M+11.5%	$296.8M+20.3%	$246.7M+31.1%	$188.2M+19.6%	$157.4M+1.2%	$155.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$84.8M+16.5%	$72.8M+13.0%	$64.4M+3.8%	$62.0M+14.4%	$54.2M+0.1%	$54.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$104.8M-5.4%	$110.7M+26.2%	$87.7M+245.0%	$25.4M+71.9%	$14.8M-35.4%	$22.9M
Income Tax	$3.7M-76.7%	$15.7M+389.7%	-$5.4M-142.9%	$12.6M+5.3%	$12.0M+2889.0%	$400K
Net Income	$22.7M-63.7%	$62.6M+700.7%	$7.8M-86.4%	$57.7M+9.9%	$52.5M+170.0%	-$75.0M
EPS (Diluted)	$1.23-69.3%	$4.00+700.0%	$0.50-85.8%	$3.51+2.3%	$3.43+169.0%	$-4.97

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$108.0M+18.9%	$90.9M-0.3%	$91.1M+22.8%	$74.2M-0.7%	$74.7M-0.4%	$75.0M0.0%	$75.0M-0.2%	$75.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$26.3M+17.6%	$22.3M-2.0%	$22.8M+15.4%	$19.7M-1.1%	$20.0M+8.6%	$18.4M-0.7%	$18.5M+3.7%	$17.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$34.4M+25.6%	$27.4M-4.4%	$28.6M+17.3%	$24.4M0.0%	$24.4M-4.4%	$25.5M-11.8%	$28.9M+1.0%	$28.7M
Income Tax	$5.3M+20.1%	$4.4M+157.3%	-$7.6M-345.9%	$3.1M-18.4%	$3.8M+12.1%	$3.4M-14.7%	$4.0M-13.0%	$4.6M
Net Income	$17.0M-23.2%	$22.1M+174.4%	-$29.7M-294.3%	$15.3M+1.5%	$15.0M-11.5%	$17.0M-14.4%	$19.9M+69.4%	$11.7M
EPS (Diluted)	$0.80	N/A	$-1.55-280.2%	$0.86+1.2%	$0.85	N/A	$1.28+68.4%	$0.76

EQBK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.4B+19.5%	$5.3B+5.9%	$5.0B+1.1%	$5.0B-3.0%	$5.1B+28.0%	$4.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$82.1M+54.6%	$53.1M0.0%	$53.1M0.0%	$53.1M-2.5%	$54.5M+72.4%	$31.6M
Total Liabilities	$5.6B+19.0%	$4.7B+3.4%	$4.6B+0.2%	$4.6B-1.4%	$4.6B+28.6%	$3.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$443.2M+41.7%	$312.8M-19.2%	$386.9M+34.0%	$288.7M+81.2%	$159.4M+12.4%	$141.8M
Total Equity	$732.1M+23.5%	$592.9M+30.9%	$452.9M+10.4%	$410.1M-18.1%	$500.6M+22.8%	$407.6M
Retained Earnings	$205.3M+5.3%	$194.9M+38.2%	$141.0M+0.7%	$140.1M+58.6%	$88.3M+73.9%	$50.8M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$7.7B+20.3%	$6.4B+0.1%	$6.4B+18.5%	$5.4B-1.3%	$5.4B+2.1%	$5.3B-0.4%	$5.4B+2.1%	$5.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$105.0M+27.8%	$82.1M+5.8%	$77.6M+46.1%	$53.1M0.0%	$53.1M0.0%	$53.1M0.0%	$53.1M0.0%	$53.1M
Total Liabilities	$6.8B+21.4%	$5.6B-0.2%	$5.7B+19.3%	$4.7B-1.9%	$4.8B+1.9%	$4.7B-2.3%	$4.9B+1.4%	$4.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$490.0M+10.6%	$443.2M-9.0%	$486.9M+8.6%	$448.4M+19.0%	$376.9M+20.5%	$312.8M-28.5%	$437.5M+11.7%	$391.7M
Total Equity	$817.6M+11.7%	$732.1M+2.8%	$711.9M+12.0%	$635.6M+3.0%	$617.3M+4.1%	$592.9M+17.6%	$504.0M+9.2%	$461.4M
Retained Earnings	$218.5M+6.4%	$205.3M+10.0%	$186.7M-15.1%	$219.9M+6.1%	$207.3M+6.3%	$194.9M+7.9%	$180.6M+10.7%	$163.1M

EQBK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$51.4M-30.4%	$73.8M-3.5%	$76.5M+3.3%	$74.1M-27.9%	$102.7M+135.4%	$43.6M
Capital Expenditures	$13.3M+56.0%	$8.5M-45.5%	$15.6M+347.7%	$3.5M-31.8%	$5.1M-46.6%	$9.5M
Free Cash Flow	$38.1M-41.7%	$65.4M+7.2%	$61.0M-13.7%	$70.6M-27.7%	$97.6M+186.4%	$34.1M
Investing Cash Flow	$136.9M+10.7%	$123.7M-46.7%	$232.2M+208.4%	-$214.2M+32.1%	-$315.3M-428.5%	$96.0M
Financing Cash Flow	$35.8M+118.5%	-$192.9M-467.0%	-$34.0M-120.7%	-$15.4M-108.0%	$191.9M+270.6%	$51.8M
Dividends Paid	$11.4M+44.7%	$7.9M+19.3%	$6.6M+18.9%	$5.6M+384.2%	$1.1M	N/A
Share Buybacks	$14.0M+17.9%	$11.9M-33.7%	$17.9M-46.1%	$33.2M+77.8%	$18.7M-3.5%	$19.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$15.3M+317.4%	-$7.1M-183.2%	$8.5M-70.0%	$28.3M+30.4%	$21.7M-0.1%	$21.7M-7.6%	$23.5M+46.5%	$16.0M
Capital Expenditures	$3.8M-30.8%	$5.5M+36.4%	$4.0M+76.2%	$2.3M+55.9%	$1.5M-20.8%	$1.8M-51.2%	$3.8M+347.6%	$846K
Free Cash Flow	$11.5M+192.0%	-$12.5M-381.6%	$4.5M-82.9%	$26.0M+28.5%	$20.2M+1.8%	$19.9M+0.8%	$19.7M+29.7%	$15.2M
Investing Cash Flow	$52.8M+179.2%	-$66.6M-126.5%	$251.0M+2315.6%	$10.4M+118.0%	-$57.8M-137.2%	$155.6M+356.2%	-$60.7M-357.5%	$23.6M
Financing Cash Flow	-$111.7M-523.2%	-$17.9M-124.3%	$73.8M+171.1%	-$103.8M-223.9%	$83.8M+388.8%	-$29.0M-332.9%	$12.5M+186.7%	-$14.4M
Dividends Paid	$3.5M+2.4%	$3.4M+31.1%	$2.6M-0.2%	$2.6M-2.7%	$2.7M+18.0%	$2.3M+22.4%	$1.9M+4.3%	$1.8M
Share Buybacks	$22.7M+215.7%	$7.2M+10.1%	$6.5M+2282.1%	$274K	$0	$0	$0-100.0%	$5.1M

EQBK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.9%-14.2pp	21.1%+17.9pp	3.2%-27.5pp	30.6%-2.7pp	33.4%+81.5pp	-48.2%
Return on Equity	3.1%-7.5pp	10.6%+8.8pp	1.7%-12.3pp	14.1%+3.6pp	10.5%+28.9pp	-18.4%
Return on Assets	0.4%-0.8pp	1.2%+1.0pp	0.2%-1.0pp	1.2%+0.1pp	1.0%+2.9pp	-1.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.61+0.1	0.53-0.3	0.85+0.2	0.70+0.4	0.32-0.0	0.35
FCF Margin	11.5%-10.5pp	22.0%-2.7pp	24.7%-12.8pp	37.5%-24.5pp	62.0%+40.1pp	21.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.7%-8.6pp	24.3%+56.9pp	-32.6%-53.1pp	20.6%+0.4pp	20.1%-2.5pp	22.7%-3.8pp	26.5%+10.9pp	15.6%
Return on Equity	2.1%-0.9pp	3.0%+7.2pp	-4.2%-6.6pp	2.4%-0.0pp	2.4%-0.4pp	2.9%-1.1pp	3.9%+1.4pp	2.5%
Return on Assets	0.2%-0.1pp	0.4%+0.8pp	-0.5%-0.8pp	0.3%0.0pp	0.3%-0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.600.0	0.61-0.1	0.68-0.0	0.71+0.1	0.61+0.1	0.53-0.3	0.87+0.0	0.85
FCF Margin	10.7%+24.5pp	-13.8%-18.7pp	4.9%-30.1pp	35.0%+8.0pp	27.1%+0.6pp	26.5%+0.2pp	26.3%+6.1pp	20.2%

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Frequently Asked Questions

What is Equity Bancshare's annual revenue?

Equity Bancshare (EQBK) reported $330.8M in total revenue for fiscal year 2025. This represents a 11.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Equity Bancshare's revenue growing?

Equity Bancshare (EQBK) revenue grew by 11.5% year-over-year, from $296.8M to $330.8M in fiscal year 2025.

Is Equity Bancshare profitable?

Yes, Equity Bancshare (EQBK) reported a net income of $22.7M in fiscal year 2025, with a net profit margin of 6.9%.

What is Equity Bancshare's net profit margin?

Equity Bancshare (EQBK) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Equity Bancshare pay dividends?

Yes, Equity Bancshare (EQBK) paid $0.66 per share in dividends during fiscal year 2025.

What is Equity Bancshare's return on equity (ROE)?

Equity Bancshare (EQBK) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Equity Bancshare's free cash flow?

Equity Bancshare (EQBK) generated $38.1M in free cash flow during fiscal year 2025. This represents a -41.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Equity Bancshare's operating cash flow?

Equity Bancshare (EQBK) generated $51.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Equity Bancshare's total assets?

Equity Bancshare (EQBK) had $6.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Equity Bancshare's capital expenditures?

Equity Bancshare (EQBK) invested $13.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Equity Bancshare buy back shares?

Yes, Equity Bancshare (EQBK) spent $14.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Equity Bancshare's debt-to-equity ratio?

Equity Bancshare (EQBK) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Equity Bancshare's return on assets (ROA)?

Equity Bancshare (EQBK) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Equity Bancshare's Piotroski F-Score?

Equity Bancshare (EQBK) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Equity Bancshare's earnings high quality?

Equity Bancshare (EQBK) has an earnings quality ratio of 2.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Equity Bancshare?

Equity Bancshare (EQBK) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.