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Dec 31, 2019
Equity Bancshares Q4 2019 Earnings Report
Equity Bancshares reported Q4 2019 earnings with net income of $10.0 million and EPS of $0.64 per diluted common share, showcasing net interest margin expansion and successful non-interest expense and income initiatives.
Key Takeaways
Equity Bancshares, Inc. reported net income allocable to common stockholders of $10.0 million, or $0.64 per diluted share, in the fourth quarter of 2019. The company saw net interest margin expansion and successful non-interest expense and non-interest income initiatives.
Net income before taxes for Q4 2019 was $13.1 million, or $0.84 per diluted share.
Stated diluted income per share in Q4 2019 was $0.64.
Total loans held for investment were $2.56 billion at December 31, 2019.
Total deposits were $3.06 billion at December 31, 2019.
Equity Bancshares
Equity Bancshares
Forward Guidance
Equity's focus in 2020 includes continuing to offer relationship-based customer service and providing innovative products to grow signature deposits. The company continues to monitor and develop relationships for further business combinations, prioritizing cultural fit and stockholder value.
Positive Outlook
- Continuing to offer the relationship-based customer service that our business clients and consumers value
- Providing innovative products that help us grow signature deposits, including checking, operating and savings accounts
- Continue to monitor and develop relationships for further business combinations
- Prioritize cultural fit in addition to stockholder value