Welcome to our dedicated page for Equity Bancshare news (Ticker: EQBK), a resource for investors and traders seeking the latest updates and insights on Equity Bancshare stock.
Equity Bancshares Inc (EQBK) provides banking services across Kansas and Missouri through consumer accounts, commercial lending, and treasury solutions. This news hub offers investors and community stakeholders centralized access to verified updates about this regional financial institution.
Find timely announcements including quarterly earnings reports, leadership changes, product launches, and regulatory filings. Our curated collection features press releases about branch expansions, community reinvestment initiatives, and service innovations alongside analysis of market trends impacting regional banking.
Key content categories include financial results, strategic acquisitions, executive appointments, and regulatory compliance updates. Bookmark this page for structured access to operational developments that shape EQBK's position in Midwestern financial markets.
Equity Bancshares, Inc. (NASDAQ: EQBK) reported a net income of $12.3 million or $0.77 earnings per diluted share for Q1 2023, reflecting a rise from $11.6 million or $0.72 in Q4 2022, driven by higher non-interest income and decreased income tax expense.
Total deposits increased by $46.1 million (4.4% annualized), while cash and cash equivalents rose significantly by $145.9 million. The loan growth excluding PPP and branch sales reached $19.1 million, or 2.4% annualized.
Despite a decline in net interest income to $39.1 million, the company maintained a stable loan-to-deposit ratio of 77.7%. Equity also repurchased $9.6 million of common stock, and recorded improvements in asset quality with nonperforming assets decreasing to 0.3% of total assets.
FAQ
What is the current stock price of Equity Bancshare (EQBK)?
What is the market cap of Equity Bancshare (EQBK)?
