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.

Total Revenue

$50.4M

Previous year: $46.4M