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Dec 31, 2022
Equity Bancshares Q4 2022 Earnings Report
Reported strong organic loan growth and improved asset quality metrics.
Key Takeaways
Equity Bancshares, Inc. reported a net income of $11.6 million, with earnings per diluted share at $0.72 for Q4 2022. The company achieved record full-year income of $57.7 million and revenue of $197.8 million. Key credit ratios improved, including a decrease in non-performing assets to total assets.
Net income allocable to common stockholders was $11.6 million, or $0.72 per diluted share.
Net interest income was $42.0 million.
Loans held for investments were $3.3 billion, increasing 6.9% on an annualized basis compared to the previous quarter end.
Non-performing assets were $18.2 million, or 0.4% of total assets, compared to $29.7 million at September 30, 2022.
Equity Bancshares
Equity Bancshares
Forward Guidance
Equity Bancshares did not provide forward guidance in the earnings report.