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 (EQBK) provides banking services across Kansas and Missouri through consumer accounts, commercial lending, and treasury solutions. This news hub offers investors and community stakeholders centralized access to verified updates about this regional financial institution.
Find timely announcements including quarterly earnings reports, leadership changes, product launches, and regulatory filings. Our curated collection features press releases about branch expansions, community reinvestment initiatives, and service innovations alongside analysis of market trends impacting regional banking.
Key content categories include financial results, strategic acquisitions, executive appointments, and regulatory compliance updates. Bookmark this page for structured access to operational developments that shape EQBK's position in Midwestern financial markets.
Equity Bancshares, Inc. (NASDAQ: EQBK) has successfully merged with American State Bancshares, Inc., enhancing its core and digital banking systems. This merger, one of the largest in Kansas history, consolidates operations, increasing Equity's total assets to approximately $5.0 billion and expanding its network to 67 locations across Kansas, Missouri, Arkansas, and Oklahoma. With this move, Equity aims to bolster its market presence, particularly in the Wichita area, where it now ranks seventh in deposit market share. The company anticipates further growth opportunities in community banking.
The Board of Directors of Equity Bancshares, Inc. (NASDAQ: EQBK) has announced the initiation of a quarterly cash dividend of $0.08 per share for its Class A stock, payable on October 14, 2021, to shareholders of record as of September 30, 2021. This marks the first dividend in the company’s history, reflecting its profit growth. Additionally, the Board authorized a stock repurchase program for up to 1,000,000 shares, effective from October 29, 2021 through October 28, 2022, subject to regulatory approval.
Equity Bancshares, Inc. (NASDAQ: EQBK) reported a net income of $15.2 million, equating to $1.03 per diluted share for Q2 2021. This marks a slight increase from $15.1 million in Q1 2021. The company's organic loan growth surged by $81.8 million, leading to a robust annualized growth rate of 14.75%. Equity plans to enhance its presence in St. Joseph, Missouri, by acquiring three branches from Security Bank of KC. Additionally, they disclosed a favorable adjustment in their merger with American State Bancshares, which is expected to conclude in October 2021.
Equity Bancshares, Inc. (NASDAQ:EQBK) will announce its second quarter results on July 19, 2021, after market close. A conference call with CEO Brad Elliott and CFO Eric Newell is scheduled for July 20, 2021, at 10 a.m. ET to discuss these results. Participants can join the call by calling toll-free or via live webcast. A replay will be available for two hours post-call until July 27, 2021. Equity Bancshares, the holding company for Equity Bank, offers diverse financial services and focuses on delivering relationship-based customer service.
Equity Bancshares, parent of Equity Bank, announced a merger with American State Bancshares, valued at approximately $73.6 million. This merger will add 17 locations in Kansas to Equity’s network, expanding its total to 42 locations in the state. The combined entity will have about $5.0 billion in assets, ranking it No. 7 in Kansas deposit market share. The deal is expected to be 15.9% accretive to 2022 EPS, with a strong internal rate of return exceeding 20%. The completion is anticipated in early October 2021.
Equity Bancshares reported a net income of $15.1 million for Q1 2021, up from $12.5 million in Q4 2020. Earnings per diluted share reached $1.02, driven by a 7.6% annualized growth in loans, excluding Paycheck Protection Program (PPP) loans. The company originated $233.6 million in new PPP loans and recognized $2.3 million in fee income from forgiven loans. However, net interest income declined by 10.7% to $31.8 million. As of March 31, total loans held for investment were $2.80 billion and total deposits reached $3.63 billion.
Equity Bancshares (NASDAQ: EQBK) is set to release its first quarter results on April 20, 2021, with a press release scheduled for after market close. CEO Brad Elliott and CFO Eric Newell will host a conference call on April 21, 2021, at 10 a.m. Eastern to discuss the results. Interested participants can register for the call or access the webcast via the company’s investor relations website. A replay will be available post-call until April 28, 2021. Additional details and presentation slides will also be available on the site.
Equity Bancshares, Inc. (EQBK) reported a fourth-quarter net income of $12.5 million, or $0.84 per diluted share, marking a significant recovery from a net loss of $90.4 million in Q3 2020. For 2020, the company faced a net loss of $75 million, influenced by a $104.8 million goodwill impairment. The acquisition of Almena State Bank contributed to a $2.1 million gain. Equity originated $282.1 million in Main Street Lending Program loans and saw $102.8 million in PPP loans forgiven, boosting fee income. Tangible book value rose 18.9% to $24.68 per share.
Equity Bancshares, Inc. (NASDAQ:EQBK) will release its fourth quarter 2020 financial results on January 25, 2021, followed by a conference call on January 26 at 10 a.m. ET. CEO Brad Elliott and CFO Eric Newell will discuss the results, and participants can register for the call via the company's investor website. A replay will be available until February 2, 2021. Equity Bancshares offers a range of financial services, including loans and wealth management. It operates under the ticker symbol EQBK.
Equity Bancshares has successfully acquired Almena State Bank, enhancing its presence in Norton County, Kansas. The transaction, facilitated by the FDIC, was finalized on October 23, 2020. Equity acquired nearly all assets of Almena State Bank, estimated at $66.5 million, at a 30% discount while securing $42.7 million in core deposits at a 1% premium. With this acquisition, Equity Bank now boasts a total of $3.94 billion in assets and a network of 51 branches across four states, providing seamless banking services to former Almena customers.
