NYSE$EQBK

Equity Bancshares Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $15.7 million and EPS of $0.93, demonstrating continued organic growth and momentum following recent acquisitions.

Equity Bancshares reported a strong first quarter with a net income of $15.7 million, or $0.93 per diluted share. The company experienced growth in loans held for investment, realized economic benefits from acquisitions, and continued to manage its problem asset portfolio effectively.

  • Loans held for investment grew by 14.53% period over period, excluding PPP assets.
  • The company benefited economically from the American State Bancshares and Almena State Bank acquisitions, with $5.7 million realized economic benefit.
  • Non-performing ratios improved by over 30% compared to December 31, 2021, and classified assets to regulatory capital fell to 17.1%.
  • The company repurchased 384,383 shares during the quarter at an average price of $32.21 and continued its quarterly dividend program at $0.08 per share.

Headline financials

Total Revenue

$48.3M

Previous: $38.5M+25.6%
EPS (adj)

$0.93

Previous: $0.65+43.1%
Net Interest Margin

3.4%

No prior period
Efficiency Ratio

60.4%

Previous: 64.2%-6.0%
Tier 1 Leverage Ratio

9.1%

Previous: 8.7%+3.9%
Common Equity Tier 1

11.8%

Previous: 12.5%-5.7%
Capital Expenditures

-$309K

Previous: -$1.92M+83.9%
Free Cash Flow

$15.3M

Previous: $13.2M+16.6%
Net Income

$15.7M

Previous: $15.1M+3.8%
Operating Income

$35.5M

Previous: $21M+69.0%
Gross Profit

$47.9M

Previous: $32.7M+46.4%
Cash & Equivalents

$89.8M

Previous: $136M-34.2%
Total Assets

$5.08B

Previous: $4.2B+21.0%
Stock-Based Comp

$804K

Previous: $712K+12.9%

Revenue & EPS history

Equity Bancshares · Revenue · Quarterly

$48.3M

Q1 2022+25.6%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Equity Bancshares · $5.74M total across 3 segments · Q3 2021

  • Debit Card Income
    $2.57M
  • Service Charges
    $2.36M
  • Mortgage Banking
    $801K

Forward guidance

This press release contains forward-looking statements that reflect the current views of Equity’s management with respect to, among other things, future events and Equity’s financial performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.9%

Avg return

30 days after

52%

25 / 48 earnings

Positive

+14.3%

Q3 2020

Best reaction

-17.1%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-2.1%-5.4%
Q4 2025-0.8%-6.9%-5.2%
Q3 2025-1.9%-3.4%-0.6%
Q2 2025-0.4%+1.2%+5.0%
Q1 2025+1.3%+2.1%+13.5%
Q4 2024-0.9%+1.1%-1.9%
Q3 2024+5.3%+4.1%+12.6%
Q2 2024+5.8%+3.5%-1.9%
Q1 2024-0.8%+1.2%+7.1%
Q4 2023+0.7%+3.3%-4.3%
Q3 2023-2.5%-4.0%+9.7%
Q2 2023+8.0%+7.0%+4.2%
Q1 2023-4.5%-3.7%-8.3%
Q4 2022-6.9%-10.2%-6.4%
Q3 2022+4.0%+0.9%+9.9%
Q2 2022+4.0%+4.5%+13.9%
Q1 2022+11.6%+8.0%-1.8%
Q4 2021-3.6%-6.6%-7.8%
Q3 2021-3.9%-2.5%+0.3%
Q2 2021+4.1%+2.7%+10.6%
Q1 2021+4.8%+7.8%+11.3%
Q4 2020-1.1%-6.2%+13.0%
Q3 2020+14.3%+18.9%+34.8%
Q2 2020-0.1%+2.2%+7.8%
Q1 2020+4.1%-3.1%-9.4%
Q4 2019+3.0%+2.5%+2.9%
Q3 2019+5.0%+5.6%+6.1%
Q2 2019+4.3%+9.1%+5.3%
Q1 2019-17.1%-15.6%-10.7%
Q4 2018-7.3%-5.3%-1.8%
Q3 2018-2.0%-6.8%+0.2%
Q2 2018-1.6%-5.3%-4.0%
Q1 2018-2.0%-2.5%-1.9%
Q4 2017+0.9%+2.0%+6.2%
Q3 2017-5.0%-4.9%-5.9%
Q2 2017+2.5%+4.2%-1.2%
Q1 2017+1.3%+4.1%-4.8%
Q4 2016+1.8%-4.2%-3.5%
Q3 2016+3.2%+3.4%+16.5%
Q2 2015-1.5%+1.7%+9.0%
Q2 2016-0.4%+0.7%+5.0%
Q1 2015+1.5%
Q1 2016+0.3%
Q3 2015+1.3%
Q4 2013+1.3%
Q4 2015+5.8%
Q3 2014-0.7%
Q4 2014-0.7%
Q2 2014
Q1 2014

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