Equity Bancshares reports Q3 EPS 80c, consensus 73c

Reports Q3 net charge-offs of $1.6M as compared to $857,000 in the previous quarter. “Our Company’s success is in large part due to our ability to adapt on behalf of our customers and teams no matter the banking environment. I’m pleased at our team’s ability to deliver unparalleled support and service to our customer base,” said Brad S. Elliott, Chairman and CEO of Equity. “Value creation is crucial for regional banks, and our ability to deliver sophisticated and customized solutions helps build our Company’s organic growth, sustainability, and competitive advantage. During the Q3 our team continued to emphasize credit quality while meeting the needs of our customer base.” Elliott said. “Our classified asset ratio is as low as it has ever been, while both capital and on balance sheet reserves remain high positioning Equity to be strategic as we assess both organic and acquisitive growth opportunities.”