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Sep 30, 2022
Equity Bancshares Q3 2022 Earnings Report
Reported third quarter results with continued organic growth.
Key Takeaways
Equity Bancshares reported a net income of $15.2 million and earnings per diluted share of $0.93 for the quarter ended September 30, 2022. The company saw a 3.5% linked quarter revenue growth led by expanding Net Interest Margin, with a 19.7% reduction in total nonperforming assets.
Company realized meaningful, organic growth while emphasizing return to stockholders.
Annualized growth within commercial and commercial real estate loan portfolios was 17.13%.
Classified asset ratio is down more than 50% year-to-date and at an all-time low.
Company realized linked period Net Interest Margin growth of 23 basis points, and Net Interest Income growth of $2.38 million.
Forward Guidance
This press release contains forward-looking statements that reflect the current views of Equity’s management with respect to future events and Equity’s financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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