Equity Bancshare Stock Price, News & Analysis

Equity Bancshares reported a net income of $15.3 million and earnings per share of $0.94 for Q2 2022, marking an increase from the previous quarter's earnings. The company achieved 8.5% organic loan growth and a 5.38% increase in service fee income. However, non-interest expenses rose by $2.0 million, leading to a slight decrease in net income compared to Q1 2022. The net interest income increased 0.7% to $39.6 million, with a net gain from branch sales contributing to non-interest income. The company continues its repurchase program and maintains a strong capital ratio.

Equity Bancshares, Inc. (NASDAQ:EQBK) will announce its second quarter results on July 19, 2022, with a press release following market close. CEO Brad Elliott and CFO Eric Newell will host a conference call on July 20, 2022, at 10 a.m. ET to discuss the results. A live webcast will be available on the company's website, and a replay will be accessible until July 27, 2022. Equity Bancshares offers a variety of financial services and emphasizes community banking.

Equity Bancshares (NASDAQ: EQBK) reported a net income of $15.7 million or $0.93 per diluted share for Q1 2022, marking an increase from $10.5 million a year prior. This growth was driven by a 14.53% increase in loans held for investment and a reduction in non-interest expenses by $8.6 million. The company also successfully managed its problem asset portfolio, reducing non-performing assets by $28.5 million. Additionally, Equity continued to emphasize shareholder returns through share repurchases and dividends.

Equity Bancshares, Inc. (NASDAQ: EQBK) will announce its first quarter financial results on April 19, 2022, with a subsequent conference call scheduled for April 20, 2022, at 10 a.m. ET. During this call, CEO Brad Elliott and CFO Eric Newell will discuss the financial outcomes. Interested parties can join via a toll-free number or a live webcast. A replay will be available until April 27, 2022. The company focuses on comprehensive financial services, aiming to deliver high-quality, relationship-based customer service.

Equity Bancshares (NASDAQ: EQBK) reported a net income of $10.5 million and $0.61 earnings per diluted share for Q4 2021, reflecting a decrease in net income compared to the previous quarter. The company's results were bolstered by its merger with American State Bank & Trust, completed on October 1, 2021, and included a notable 17.5% increase in non-interest income. However, net interest income fell to $37.2 million, and a rise in non-interest expenses contributed to the overall decrease in net income. Asset quality improved, with non-accrual loans declining substantially.

Equity Bancshares, Inc. (NASDAQ:EQBK) is set to release its fourth quarter financial results on January 26, 2022, post-market close. CEO Brad Elliott and CFO Eric Newell will present the results during a conference call scheduled for January 27, 2022, at 10 a.m. ET. Interested parties can join the call by dialing (844) 534-7311 or accessing a live webcast via their investor relations website. A replay will be available until February 3, 2022. The company provides a range of financial services and is recognized for its community banking approach.

Equity Bank, a subsidiary of Equity Bancshares, completed its purchase of three bank locations in St. Joseph, Missouri, from Security Bank on December 3, 2021. This strategic acquisition strengthens its footprint in Northern Missouri, allowing Equity to enhance community banking services with increased lending capacity and sophisticated technology. This acquisition follows Equity's history of growth in Missouri, with total assets now around $5 billion. Equity now operates 16 locations in Missouri, contributing to its overall expansion amidst a competitive banking landscape.

Equity Bank has entered a definitive purchase agreement with United Bank & Trust (UBT) to transfer its branches in Concordia, Clyde, and Belleville, Kansas. The acquisition, expected to conclude in Q2 2022, involves UBT assuming approximately $60 million in deposits and $24 million in loans. Equity's chairman emphasized the move as beneficial for shareholders and customers alike, enhancing local banking resources. Following a recent merger, Equity is focused on improving efficiencies and exploring growth opportunities within its operational regions.

Equity Bancshares reported a net income of $11.8 million or $0.80 per diluted share for Q3 2021, marking a decrease from $15.2 million or $1.03 per share in Q2 2021. This decline is attributed to a $4.9 million increase in non-interest expenses and higher credit loss provisions. The company successfully integrated its largest acquisition, American State Bancshares, while announcing its first common stock dividend of $0.08 per share. Net interest income increased to $39.0 million, and total deposits were $3.66 billion. The allowance for credit losses rose to 2.0%, with nonperforming assets at 1.7% of total assets.