Jun 30, 2020

Equity Bancshares Q2 2020 Earnings Report

Equity Bancshares reported earnings for Q2 2020, with a net income of $1.7 million and EPS of $0.11 per diluted share.

Key Takeaways

Equity Bancshares reported a net income of $1.7 million, or $0.11 per diluted share, for the second quarter ended June 30, 2020. The company focused on supporting communities and customers during the COVID-19 era and strengthened its capital and balance sheet for future growth.

Net income allocable to common stockholders was $1.7 million, or $0.11 per diluted share.

Completed 3,198 Small Business Administration (SBA) loan applications through the Paycheck Protection Program (PPP).

Participated in the Main Street Lending Program to support small and mid-sized businesses.

Total assets were $4.21 billion at June 30, 2020.

Total Revenue
$38.6M
Previous year: $37.7M
+2.4%
EPS
$0.11
Previous year: $0.59
-81.4%
Net Interest Margin
3.49%
Efficiency Ratio
61.98%
Cash and Equivalents
$178M
Previous year: $181M
-1.5%
Free Cash Flow
$12.9M
Previous year: $1.86M
+591.9%
Total Assets
$4.21B
Previous year: $4.18B
+0.6%

Equity Bancshares

Equity Bancshares

Forward Guidance

Equity Bancshares did not provide specific forward guidance in this earnings report.