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Jun 30, 2021
Equity Bancshares Q2 2021 Earnings Report
Reported strong organic loan growth and announced the acquisition of St. Joseph Bank locations.
Key Takeaways
Equity Bancshares reported a strong second quarter with net income of $15.2 million, or $1.03 per diluted share. The company experienced annualized organic non-PPP loan growth and announced the acquisition of three Security Bank of KC branch locations in St. Joseph, Missouri.
Net income was $15.2 million, or $1.03 per diluted share.
Organically grew gross loans by $81.8 million, an annualized rate of 14.75%, exclusive of PPP loans.
Service fee revenue increased to $6.4 million from $5.3 million, a 20.77% increase.
Announced expansion into St. Joseph, Missouri, through the acquisition of three bank locations from Security Bank of Kansas City.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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