Equity Bancshares Q4 2021 Earnings Report
Key Takeaways
Equity Bancshares, Inc. reported a net income of $10.5 million, or $0.61 earnings per diluted share, for the quarter ended December 31, 2021. The company's results include a full quarter contribution from American State Bancshares, Inc. and the assumption of three branches in St. Joseph, Missouri.
Equity's Q4 results include a full quarter contribution from American State Bancshares, Inc.
Equity successfully assumed three branches in the St. Joseph, Missouri market.
Diluted earnings per share was $0.61, adjusted to $0.82 per diluted share reflecting core operating results, excluding merger expenses of $4.6 million.
Non-accrual loans declined $35.6 million to $29.4 million, representing 0.93% non-accrual loans to total loans, the lowest level reported since 2016.
Equity Bancshares
Equity Bancshares
Forward Guidance
In 2022, Equity expects to continue to strengthen its customer delivery options including online and mobile banking, while continuing to offer the personal approach its customers expect from their community bank.