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Equity Bancshares Inc   (EQBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $31.3200 $-0.51 -1.602%
Day's High: $31.65 Week Perf: -3.06 %
Day's Low: $ 31.07 30 Day Perf: -4.66 %
Volume (M): 31 52 Wk High: $ 34.99
Volume (M$): $ 965 52 Wk Avg: $26.65
Open: $31.56 52 Wk Low: $20.50



 Market Capitalization (Millions $) 483
 Shares Outstanding (Millions) 15
 Employees 297
 Revenues (TTM) (Millions $) 194
 Net Income (TTM) (Millions $) 48
 Cash Flow (TTM) (Millions $) 199
 Capital Exp. (TTM) (Millions $) 12

Equity Bancshares Inc

We are a bank holding company headquartered in Wichita, Kansas. Our wholly-owned banking subsidiary, Equity Bank, provides a broad range of financial services primarily to businesses and business owners as well as individuals through our network of 29 full service branches located in Kansas and Missouri.


Our principal objective is to increase stockholder value and generate consistent earnings growth by expanding our commercial banking franchise both organically and through strategic acquisitions. We strive to provide an enhanced banking experience for our customers by providing them with a comprehensive suite of sophisticated banking products and services tailored to meet their needs, while delivering the high-quality, relationship-based customer service of a community bank.

We offer a variety of loans, including commercial and industrial, commercial real estate-backed loans (including loans secured by owner occupied commercial properties), commercial lines of credit, working capital loans, term loans, equipment financing, acquisition, expansion and development loans, borrowing base loans, real estate construction loans, homebuilder loans, agricultural, government guaranteed loans, letters of credit and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies and other businesses. We also offer various consumer loans to individuals and professionals including residential real estate loans, home equity loans, home equity lines of credit ( “HELOCs”), installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. Lending activities originate from the relationships and efforts of our bankers, with an emphasis on providing banking solutions tailored to meet our customers’ needs while maintaining our underwriting standards.

We believe the following competitive strengths will allow us to continue to achieve our principal objective of increasing stockholder value and generating consistent earnings growth through the organic and strategic expansion of our commercial banking franchise:

Experienced Leadership and Management Team. Our seasoned and experienced executive management team, senior leaders and board of directors have exhibited the ability to deliver stockholder value by consistently growing profitably while expanding our commercial banking franchise through acquisition and integration. The members of our executive management team have, on average, more than twenty years’ experience working for large, billion-dollar-plus financial institutions in our markets during various economic cycles and have significant mergers and acquisitions experience in the financial services industry. Our executive management team has instilled a transparent and entrepreneurial culture that rewards leadership, innovation, and problem solving.


Focus on Commercial Banking. We are primarily a commercial bank. As measured by outstanding balances as of December 31, 2015, commercial loans composed over 70.5% of our loan portfolio, and within our commercial loan portfolio, 61.3% of such loans were commercial real estate loans and 38.7% were commercial and industrial loans. We believe we have developed strong commercial relationships in our markets across a diversified range of sectors, including key areas supporting regional and local economic activity and growth, such as manufacturing, freight/transportation,


consumer services, franchising and commercial real estate. We believe we have also been successful in attracting customers from larger competitors because of our flexible and responsive approach in providing banking solutions tailored to meet our customers’ needs while maintaining disciplined underwriting standards. Our relationship-based approach seeks to grow lending relationships with our customers as they expand their businesses, including geographically and through cross-selling our various other banking products, such as our deposit and treasury management products. We have a growing presence in attractive commercial banking markets, such as Wichita and Kansas City, which we believe present significant opportunities to continue to increase our business banking activities.


Our Ability to Consolidate. Our branches are strategically located within metropolitan markets, such as Kansas City and Wichita as well as stable community markets that present opportunities to expand our market share. Our executive management team has identified significant acquisition and consolidation opportunities, ranging from small to large community banking institutions. We believe our track record of strategic acquisitions and effective integrations, combined with our expertise in our markets and scalable platform, will allow us to capitalize on these growth opportunities.

Disciplined Acquisition Approach. Our disciplined approach to acquisitions, consolidations and integrations, includes the following: (i) selectively acquiring community banking franchises only at appropriate valuations, after taking into account risks that we perceive with respect to the targeted bank; (ii) completing comprehensive due diligence and developing an appropriate plan to address any legacy credit problems of the targeted institution; (iii) identifying an achievable cost savings estimate and holding our management accountable for achieving such estimates; (iv) executing definitive acquisition agreements that we believe provide adequate protections to us; (v) installing our credit procedures, audit and risk management policies and procedures and compliance standards upon consummation of the acquisition; (vi) collaborating with the target’s management team to execute on synergies and cost saving opportunities related to the acquisition; (vii) involving a broader management team across multiple departments in order to help ensure the successful integration of all business functions; and (viii) scheduling the acquisition closing date to occur simultaneously with the platform conversion date. We believe this approach allows us to realize the benefits of the acquisition and create stockholder value, while appropriately managing risk.

Efficient and Scalable Platform with Capacity to Support Our Growth. Through significant investments in technology and staff, our management team has built an efficient and scalable corporate infrastructure within our commercial banking franchise, including in the areas of banking processes, technology, data processing, underwriting and risk management, which we believe will support our continued growth. While expanding our infrastructure, several departmental functions have been outsourced to gain the experience of outside professionals while at the same time achieving more favorable economics and cost-effective solutions. Such outsourced areas include the internal audit function, investment securities management, and select loan review. This outsourcing strategy has proven to control costs while adding enhanced controls and/or service levels. We believe that this scalable infrastructure will continue to allow us to efficiently and effectively manage our anticipated growth.

Culture Committed to Talent Development, Transparency and Accountability. We have invested in professional talent since our inception by building a team of “business persons first and bankers second” and economically aligned them with our stockholders, primarily through our stock purchase opportunities. In our efforts to become a destination for seasoned bankers with an entrepreneurial spirit, we have developed numerous leadership development programs. For example, “Equity University” is a year-long program we designed for our promising company-wide leaders. In addition, in 2014 Equity Bank was named one of the “Best Places to Work” by the Wichita Business Journal, and in 2015, the Wichita Business Journal named Equity Bank a “Best in Business” winner. We believe our well-trained and motivated professionals work most effectively in a corporate environment that emphasizes transparency, respect, innovation and accountability. Our culture provides our professionals with the empowerment to better serve our clients and our communities.

Sophisticated and Customized Banking Products with High-Quality Customer Service. We strive to offer our customers the sophisticated commercial banking products of large financial institutions with the personalized service of a community bank. Our management team’s significant banking and lending experience in our markets has provided us with an understanding of the commercial banking needs of our customers, which allows us to tailor our products and services to meet our customers’ needs. In addition to offering a diverse array of banking products and services, we offer our customers the high-touch, relationship-based customer service experience of a community bank. For example, we utilize Flight, a customized customer relationship management system, to assign relationship officers to enhance our relationships with our customers and to identify and meet their particular needs.

Strong Risk Management Practices. We place significant emphasis on risk management as an integral component of our organizational culture without sacrificing growth. We believe our comprehensive risk management system is designed to make sure that we have sound policies, procedures, and practices for the management of key risks under our risk framework (which includes market, operational, liquidity, interest rate sensitivity, credit, insurance, regulatory, legal and reputational risk) and that any exceptions are reported by senior management to our board of directors or audit committee. Our risk management practices are overseen by the Chairmen of our audit and risk committees, who have more than 60 years of combined banking experience, and our Chief Risk Officer, who has more than 30 years of banking experience. We believe that our enterprise risk management philosophy has been important in gaining and maintaining the confidence of our various constituencies and growing our business and footprint within our markets. We also believe our strong risk management practices are manifested in our asset quality statistics.

We offer banking products and services that are competitively priced with a focus on convenience and accessibility. We offer a full suite of online banking solutions including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay. We offer extended drive-through hours, ATMs and banking by telephone, mail and personal appointment. We offer debit cards with no ATM surcharges or foreign ATM fees for checking customers, plus night depository, direct deposit, cashier’s and travelers checks and letters of credit, as well as treasury management services, wire transfer services and automated clearing house (“ACH”) services.


We offer a full array of commercial treasury management services designed to be competitive with banks of all sizes. Treasury Management Services include balance reporting (including current day and previous day activity), transfers between accounts, wire transfer initiation, ACH origination and stop payments. Cash management deposit products consist of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts and sweep accounts including loan sweep.



   Company Address: 7701 East Kellogg Drive Wichita 67207 KS
   Company Phone Number: 612.6000   Stock Exchange / Ticker: NYSE EQBK
   EQBK is expected to report next financial results on March 08, 2024.


Customers Net Income grew by EQBK's Customers Net Profit Margin grew to

23.16 %

6.03 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.82% 
BPOP   -0.41%    
CFG        3.94% 
FCNCA   -0.09%    
FITB        5.34% 
MTB        2.51% 
• View Complete Report
   



Merger and Acquisition

Equity Bancshares, Inc. Consolidates Strength Through Merger: A Positive Outlook for Shareholders

Published Mon, Feb 12 2024 2:00 PM UTC

Equity Bancshares, Inc. Completes Merger: Analyzing the Impact on Company Shares
In an exciting development for Equity Bancshares, Inc., the Wichita-based holding company of Equity Bank has successfully completed its merger with Rockhold BanCorp, the parent company of the Bank of Kirksville in Kirksville, Missouri. This strategic move brings new team members from Bank of...

Merger and Acquisition

Equity Bancshares Reinforces Missouri Presence with Acquisition of Bank of Kirksville

Published Wed, Dec 6 2023 11:30 AM UTC



In a strategic move to expand its footprint in the thriving Missouri market, Equity Bancshares, Inc. has recently announced its intent to acquire the esteemed Bank of Kirksville. This acquisition marks yet another milestone for Equity Bancshares as it continues to solidify its position as a leading financial institution in the region. With their focus on strengthen...

Equity Bancshares Inc

Equity Bancshares Inc Experiences a Significant Decline of -13.98% in EPS During Q3 2023 Fiscal Period

Financial News Report: Equity Bancshares Inc Announces Soft Results for Q3 2023 Fiscal Interval
Equity Bancshares Inc, a regional bank company, revealed disappointing results for the July to September 30, 2023 fiscal interval. The company's income dropped by 13.98% to $0.80 per share, while revenue decreased by 4.96% to $48.52 million year on year.
However, compared to the prior quarter, there was a positive improvement in revenue, which rose by 5.286% from $46.08 million. Similarly, income also improved by 8.11% from $0.74 per share.
In line with these results, net income for the July to September 30, 2023 fiscal interval was $12.341 million, representing a decline of 18.65% compared to the corresponding period in the previous year.
Looking at Equity Bancshares Inc's profitability, the operating margin decreased to 29.42%, and the net margin shrank to 25.44% during the July to September 30, 2023 fiscal interval. Operating earnings also fell by 24.13% to $14.273 million, leading to a decrease in the operating margin from 36.85% in the third quarter of 2022.

Equity Bancshares Inc

Equity Bancshares Inc Faces Disappointing Financial Results: Income Plunges, Revenue Slumps, and Profits Plummet

Equity Bancshares Inc, a regional bank company, recently released disappointing financial results for the interval of April to June 2023. The company's income experienced a significant decline of -21.28%, reaching $0.74 per share. Moreover, revenue also fell by -4.75%, amounting to $46.08 million compared to the same period last year.
In contrast to the industry's performance, which saw a 13.23% improvement in revenue, Equity Bancshares Inc's results were underwhelming. Comparing the results to the previous reporting season, both revenue and net profit per share decreased by -5.115% and -3.9% respectively. Additionally, net earnings for this interval plummeted by -24.92% from $15.259 million to $11.456 million.

Equity Bancshares Inc

Equity Bancshares Inc Reports Deterioration in Earnings per Share by -17.2% in Q1 2023

Equity Bancshares Inc, a financial services provider, reported its financial performance for the first quarter of 2023. The company reported a return on asset (ROA) of 1.06%, which is above the company's average return on assets of 0.46%. However, ROA fell compared to the fourth quarter of 2022, despite the net income growth of 6.16% from the fourth quarter of 2022.
In comparison to the financial sector, the company's ROA was lower than 171 other companies. Equity Bancshares Inc had an overall ranking of 894 in the Mar 31 2023 quarter, which is an improvement from its total ROA ranking of 2430 in the fourth quarter of 2022.






 

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