Equity Bancshares reports Q4 EPS 72c, consensus 80c

Reports Q4 NII $49.93M, consensus $51.12M. Tangible Book Value per Common Share increased $1.08 to $21.67. "Our company was able to deliver two records in 2022. First, record net income of $57.7M and second, record revenue of $197.8M…" said CEO Brad Elliott. "…We also saw improvement in key credit ratios, including non-performing assets to total assets down to 0.37% from 1.28% year-over-year, thanks to the disciplined work of our bankers. We took the opportunity in 2022 to invest in our people and technology, allowing us to deliver best-in-class banking products and services into the future…With our prudent loan underwriting standards, growing capital base, and diversified deposit portfolio, we are well positioned to continue to generate excellent financial results for our shareholders."