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Dec 31, 2024
Equity Bancshares Q4 2024 Earnings Report
Equity Bancshares reported net income of $17.0 million, or $1.04 earnings per diluted share, for the quarter ended December 31, 2024, and realized margin expansion and closed a common equity capital raise.
Key Takeaways
Equity Bancshares reported a net income of $17.0 million, or $1.04 earnings per diluted share, for Q4 2024. The company realized net interest margin expansion and completed a common stock capital raise.
Earnings per diluted share were $1.04.
Net Interest Margin was 4.17%, impacted by non-recurring items of approximately $1.5 million.
Tangible common equity to tangible assets closed the period at 9.95%.
Deposit balances, excluding brokered, increased $211.2 million due to seasonal inflows on municipality relationships.
Equity Bancshares
Equity Bancshares
Forward Guidance
Equity Bancshares did not provide a quantitative forward guidance in the provided document. The report expresses optimism about future organic production and strategic acquisition opportunities.