Equity Bancshares Inc (EQBK)
NYSE:EQBK
Want to see EQBK full AI Analyst Report?
Top Page
Equity Bancshares
(NYSE:EQBK)
Select Model
Select Model
Rating:63Neutral
Price Target:
$50.00
â–²(8.72% Upside)
Action:Reiterated
Date:06/18/26
EQBK scores as neutral-to-slightly-positive: financial performance is stable but constrained by sharply weaker profitability and low ROE despite improved revenue growth and reasonable leverage. The earnings call adds support via constructive margin/loan-growth guidance, strong capital, and buybacks, while valuation is a meaningful headwind given the high P/E and modest yield; technicals are broadly neutral.
Positive Factors
Transformational asset and revenue growth
The Frontier deal and other transactions materially enlarged the franchise, producing a much bigger loan and deposit base and record revenue. Larger scale supports more stable net interest income, broader fee opportunities and better fixed-cost absorption, strengthening long-term franchise economics.
Negative Factors
Compressed profitability and weak ROE
Profitability has materially declined versus prior years, reducing the bank's ability to generate returns on equity and internally fund growth. Persistently low margins and ROE can constrain long-term capital formation, limit dividends/buybacks and pressure investor returns despite revenue expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Transformational asset and revenue growth
The Frontier deal and other transactions materially enlarged the franchise, producing a much bigger loan and deposit base and record revenue. Larger scale supports more stable net interest income, broader fee opportunities and better fixed-cost absorption, strengthening long-term franchise economics.
Read all positive factors
Equity Bancshares (EQBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$961.86M
Dividend Yield1.34%
Average Volume (3M)74.86K
Price to Earnings (P/E)36.0
Beta (1Y)0.84
Revenue Growth0.80%
EPS Growth-67.72%
CountryUS
Employees810
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.37
Shares Outstanding20,640,778
10 Day Avg. Volume93,324
30 Day Avg. Volume74,857
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.16
Price to Sales (P/S)2.70
P/FCF Ratio22.30
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue2.53
Enterprise Value/Gross Profit4.94
Enterprise Value/Ebitda9.81
Forecast
1Y Price Target
$58.45Price Target Upside27.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)4.56
Revenue Forecast (FY)$339.44M
Equity Bancshares Business Overview & Revenue Model
Company Description
Equity Bancshares, Inc. serves as the parent company for Equity Bank, providing a comprehensive range of banking, mortgage, and financial solutions to both individual consumers and corporate clients. The bank offers various deposit accounts, inclu...
How the Company Makes Money
Equity Bancshares primarily makes money through its banking subsidiary by generating net interest income and noninterest income. Net interest income is earned from the spread between (1) interest and fees collected on earning assets—primarily comm...
Equity Bancshares Earnings Call Summary
Earnings Call Date:Apr 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 21, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum driven by acquisitions, sizable asset and deposit growth, robust loan production, solid adjusted earnings and return metrics, and successful integration milestones (on-time core conversion and cost-savings beginning to realize). Key near-term challenges center on integration-related expense increases, acquisition-driven margin pressure and higher-cost funding, and a rise in nonperforming/nonaccrual balances largely attributable to acquired portfolios and short-term conversion/renewal issues that management expects to resolve. On balance, the positives (scale, revenue, adjusted profitability, capital strength and a clear plan to reprice funding and extract cost savings) outweigh the manageable near-term headwinds.Positive Updates
Acquisitions and Asset Growth
Frontier acquisition drove a ~20% increase in assets and contributed to record quarterly revenue; combined with another transaction, the asset base is >40% larger year-over-year (vs March 2025).
Negative Updates
Margin Compression from Acquisition Funding Mix
Reported NIM declined to 4.33% from 4.47% prior quarter (normalized 4.29%) as Frontier brought a higher cost funding profile; purchase accounting accretion added ~19 bps (about $3.3M) and is expected to normalize to ~$2.5M in future quarters, creating periodic variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Acquisitions and Asset Growth
Frontier acquisition drove a ~20% increase in assets and contributed to record quarterly revenue; combined with another transaction, the asset base is >40% larger year-over-year (vs March 2025).
Read all positive updates
Company Guidance
Management's guidance emphasized a full-year NIM range of 4.20%–4.35% (quarter NIM 4.33%, normalized quarter NIM ~4.29% after $3.3M loan accretion), confidence in a $5.00 per-share 2026 target, an effective tax rate of 22%–23%, and expectation of mid-single-digit organic loan growth; purchase accounting accretion ran $3.3M this quarter (≈19 bps) and is expected to normalize to about $2.5M; provision commentary moved to roughly a $1.5M–$2.0M quarterly run rate (management noted this may be modestly below prior $6M–$8M annual framing absent specific credit deterioration); capital and liquidity remain strong with ~>$25M quarterly capital generation, TCE 9.0% (bank TCE 9.8%), CET1 11.5%, total capital 14.4%, average interest‑earning assets +22.2% and interest‑bearing liabilities +25.6% (ending IBL/IEA 76.4%), loan-to-deposit 86%, a $517M 75% pipeline, active buybacks (500k shares repurchased at $44.74; ~327.7k shares remain authorized), and operating metrics including NII $73.7M, adjusted noninterest expense 2.57% of average assets (improved 25 bps), pretax pre‑provision net revenue $34.7M ($1.63/sh), and adjusted return on average tangible common equity of 16.1%.Equity Bancshares Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 347.40M | 314.26M | 326.51M | 224.68M | 220.28M | 186.81M |
| Gross Profit | 178.30M | 158.37M | 217.67M | 135.63M | 194.99M | 180.59M |
| EBITDA | 89.71M | 84.83M | 88.54M | 11.05M | 79.65M | 73.34M |
| Net Income | 24.65M | 22.73M | 62.62M | 7.82M | 57.69M | 52.48M |
Balance Sheet | ||||||
| Total Assets | 7.67B | 6.37B | 5.33B | 5.03B | 4.98B | 5.14B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 1.64B | 1.19B | 1.28B | 1.29B | 1.59B |
| Total Debt | 484.92M | 448.22M | 312.80M | 380.50M | 281.73M | 151.89M |
| Total Liabilities | 6.85B | 5.64B | 4.74B | 4.58B | 4.57B | 4.64B |
| Stockholders Equity | 817.61M | 732.05M | 592.92M | 452.86M | 410.06M | 500.63M |
Cash Flow | ||||||
| Free Cash Flow | 29.85M | 38.11M | 65.35M | 60.39M | 70.58M | 97.60M |
| Operating Cash Flow | 45.44M | 51.37M | 73.84M | 76.53M | 74.07M | 102.70M |
| Investing Cash Flow | 247.06M | 136.92M | 123.73M | 232.17M | -214.18M | -315.34M |
| Financing Cash Flow | -159.72M | 35.79M | -192.93M | -34.03M | -15.41M | 191.90M |
Equity Bancshares Technical Analysis
Positive
45.99
Price Trends
45.94
Positive
45.51
Positive
44.13
Positive
Market Momentum
0.44
Positive
51.23
Neutral
32.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQBK, the sentiment is Positive. The current price of 45.99 is below the 20-day moving average (MA) of 46.59, above the 50-day MA of 45.94, and above the 200-day MA of 44.13, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 51.23 is Neutral, neither overbought nor oversold. The STOCH value of 32.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EQBK.
Equity Bancshares Risk Analysis
Equity Bancshares disclosed 97 risk factors in its most recent earnings report. Equity Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Equity Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.15B | 11.53 | 10.95% | 0.38% | 9.48% | 37.91% | |
76 Outperform | $1.15B | 14.88 | 7.58% | 3.91% | 8.28% | 37.82% | |
76 Outperform | $935.73M | 11.71 | 13.73% | 3.39% | 5.37% | 40.00% | |
74 Outperform | $952.87M | 11.61 | 10.08% | 2.68% | 25.89% | 20.01% | |
70 Outperform | $1.10B | 14.54 | 10.87% | 3.21% | 4.14% | -9.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $961.86M | 35.99 | 3.40% | 1.34% | 0.80% | -67.72% |
* Financial Sector Average
EQBK
Equity Bancshares
46.60
8.78
23.20%
CCNE
Cnb Financial
32.16
10.84
50.84%
CPF
Central Pacific Financial
35.85
10.66
42.30%
HFWA
Heritage Financial
27.92
6.22
28.67%
MCB
Metropolitan Bank Holding
93.11
28.77
44.71%
HBT
HBT Financial
30.30
7.45
32.58%
Equity Bancshares Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Equity Bancshares Highlights Transformational Growth to Investors
Positive
Jun 17, 2026
On June 17, 2026, Equity Bancshares planned to meet with certain institutional investors, using an investor presentation that outlines a year of transformation driven by both acquisitions and organic growth. The company highlighted its expanded fo...
Dividends
Equity Bancshares Declares Quarterly Cash Dividend to Shareholders
Positive
May 21, 2026
On May 20, 2026, Equity Bancshares, Inc.’s Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock, continuing the bank’s practice of returning capital to shareholders. The dividend is scheduled to be p...
Executive/Board ChangesShareholder Meetings
Equity Bancshares Shareholders Expand Equity Plan, Affirm Governance
Positive
Apr 22, 2026
At its April 21, 2026 annual meeting, Equity Bancshares’ stockholders approved a second amendment to the company’s 2022 Omnibus Equity Incentive Plan, adding 1,000,000 authorized shares of Class A common stock for future equity awards,...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Equity Bancshares Reports Strong First-Quarter 2026 Earnings Growth
Positive
Apr 14, 2026
Equity Bancshares reported first‑quarter 2026 net income of $17.0 million, or $0.80 per diluted share, with adjusted net income of $26.3 million, or $1.23 per share, reflecting record revenue driven by strong net interest income and franchis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.