Sep 30, 2021

Equity Bancshares Q3 2021 Earnings Report

Reported strong organic growth while expanding Kansas franchise.

Key Takeaways

Equity Bancshares, Inc. reported a net income of $11.8 million, with earnings per diluted share at $0.80 for the quarter ended September 30, 2021. The company experienced loan growth excluding PPP loans and successfully integrated American State Bank & Trust Company.

Diluted earnings per share were $0.80, with adjusted core operating results reflecting $0.96 per diluted share.

Service fee revenue, including deposit services, mortgage banking, trust and wealth and insurance services, increased to $6.7 million, a 3.7% increase.

The Company repurchased 57,239 shares at a weighted average cost of $30.64 per share, totaling $1.8 million.

The Company announced and paid its first common stock dividend of $0.08 per share to shareholders of record as of September 30, 2021.

Total Revenue
$46.4M
Previous year: $38.6M
+20.3%
EPS
$0.8
Previous year: $0.6
+33.3%
Efficiency Ratio
56.65%
Cash and Equivalents
$142M
Previous year: $65.5M
+116.1%
Free Cash Flow
$31.5M
Previous year: $9.83M
+220.9%
Total Assets
$4.26B
Previous year: $3.87B
+10.3%

Equity Bancshares

Equity Bancshares

Equity Bancshares Revenue by Segment

Forward Guidance

This document does not contain any forward guidance.