Welcome to our dedicated page for Equity Bancshare news (Ticker: EQBK), a resource for investors and traders seeking the latest updates and insights on Equity Bancshare stock.
Equity Bancshares Inc (NASDAQ: EQBK) news coverage tracks developments at this Midwest regional bank holding company. As a community-focused institution operating across Kansas, Missouri, Oklahoma, and Nebraska, Equity Bancshares generates news around quarterly earnings, acquisition announcements, and regional banking trends.
Banking sector investors follow EQBK for insights into community bank performance, net interest margin trends, and loan portfolio growth in Midwestern markets. The company's acquisition-driven growth strategy produces regular M&A announcements as Equity Bancshares expands its branch network through community bank purchases.
Key news categories for EQBK include quarterly financial results highlighting earnings per share and net interest margin performance, merger and acquisition announcements as the company pursues geographic expansion, credit quality updates relevant to its commercial and residential loan portfolios, and regulatory capital position disclosures required of all bank holding companies.
Bookmark this page to monitor Equity Bancshares developments. Regional bank watchers track EQBK for signals about community banking conditions in heartland America, while income-focused investors follow dividend announcements and capital management decisions.
Equity Bancshares, Inc. (NASDAQ: EQBK) reported a net income of $12.3 million or $0.77 earnings per diluted share for Q1 2023, reflecting a rise from $11.6 million or $0.72 in Q4 2022, driven by higher non-interest income and decreased income tax expense.
Total deposits increased by $46.1 million (4.4% annualized), while cash and cash equivalents rose significantly by $145.9 million. The loan growth excluding PPP and branch sales reached $19.1 million, or 2.4% annualized.
Despite a decline in net interest income to $39.1 million, the company maintained a stable loan-to-deposit ratio of 77.7%. Equity also repurchased $9.6 million of common stock, and recorded improvements in asset quality with nonperforming assets decreasing to 0.3% of total assets.
Equity Bancshares, Inc. (NASDAQ:EQBK) will announce its first quarter results on April 18, 2023, post market closure. Following this, a conference call led by CEO Brad Elliott and CFO Eric Newell is scheduled for April 19, 2023, at 10 a.m. EDT. Investors can access the live call via the company's website or by phone. A replay will be available from two hours after the call until April 26, 2023. Equity Bancshares provides a range of financial services, including commercial loans and wealth management, positioning itself as a community-focused financial partner. The press release includes forward-looking statements that may involve inherent risks and uncertainties.
Equity Bancshares announced new leadership promotions following board approval in January 2023. Key promotions include Brad Daniel, Josh Means, and Mark Parman as Regional CEOs overseeing banks in Kansas, Oklahoma, Missouri, and Arkansas. John Hanley has been promoted to Chief Marketing Officer, while Chris Navratil becomes the Chief Financial Officer for Equity Bank. The company also announced various officer promotions, enhancing its regional and functional leadership. As of December 31, 2022, Equity Bancshares held approximately $5 billion in consolidated total assets and operates in several states, emphasizing an entrepreneurial culture in banking.
Equity Bancshares reported a record net income of $57.7 million or $3.51 per diluted share for the year ended December 31, 2022, up from $52.5 million in 2021. The company achieved record revenue of $197.8 million despite economic challenges. In Q4 2022, net income was $11.6 million or $0.72 per diluted share. Key metrics include a decrease in the ratio of non-performing assets to total assets to 0.4%, and loan growth of $220.0 million or 9.5% year-over-year. Total assets reached $5.0 billion with deposits of $4.2 billion, indicating strong financial positioning.
Equity Bancshares, Inc. (NASDAQ:EQBK) will release its fourth quarter results on January 25, 2023, after market close. CEO Brad Elliott and CFO Eric Newell will host a conference call and webcast to discuss the results on January 26, 2023, at 10 a.m. ET. Participants can access the live webcast on the company's website. A replay will be available two hours post-call until February 3, 2023. Equity Bancshares provides a range of financial services, focusing on customer relationship management.
Equity Bancshares (NASDAQ: EQBK) reported net income of $15.2 million and $0.93 earnings per diluted share for Q3 2022, reflecting a 3.5% linked quarter revenue growth driven by an expanding Net Interest Margin. Notably, nonperforming assets dropped 19.7%, indicating improved asset quality. Loan growth was robust at 7.01% year-to-date, while the company authorized a repurchase of up to 1 million shares and increased dividends to $0.10 per share. The classified asset ratio decreased over 50% year-to-date, showcasing effective credit management.
Equity Bancshares, Inc. (NASDAQ:EQBK) will announce its third quarter results on October 18, 2022, with a press release after market close. Chairman and CEO Brad Elliott, alongside CFO Eric Newell, will host a conference call on October 19, 2022, at 10 a.m. ET to discuss these results. A live webcast will be available on the company's website, with a replay accessible until October 26, 2022. Equity Bancshares provides a wide array of financial services through Equity Bank, emphasizing community-based customer service.
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