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Mar 31, 2021
Equity Bancshares Q1 2021 Earnings Report
Reported first-quarter results with net income of $15.1 million and $1.02 earnings per diluted share.
Key Takeaways
Equity Bancshares reported a strong first quarter with net income of $15.1 million, driven by non-PPP loan growth, recognition of origination fee income from PPP loan forgiveness, and improved operating performance in fee-based business lines.
Net income was $15.1 million, or $1.02 per diluted share.
Core earnings were $0.65 per diluted share, driven by non-PPP loan growth of $43.7 million.
Originated $233.6 million in total PPP loans during the quarter.
Customers successfully had $99.7 million of PPP loans forgiven, resulting in fee income of $2.3 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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