NYSE$EQBK
Equity Bancshares Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a net income of $11.5 million and $0.74 earnings per diluted share for the quarter ended June 30, 2023.
Equity Bancshares reported a net income of $11.5 million, or $0.74 per diluted share, for the second quarter of 2023. The company experienced core deposit growth and increased net interest income. Strong tangible and regulatory capital ratios were maintained, and positive credit quality trends continued.
- Total transaction account deposits increased by $29.4 million during the quarter, representing a 3.5% linked quarter annualized growth.
- Net interest income increased by $319 thousand during the second quarter, driven by a $67.7 million increase in average earnings assets.
- Cash and cash equivalents remained elevated, comprising 5.5% of total assets, as management maintained on-balance sheet liquidity.
- Equity repurchased $8.2 million of common stock, totaling 349 thousand shares or 2.3% of outstanding shares as of the end of the second quarter.
Headline financials
Revenue & EPS history
Equity Bancshares · Revenue · Quarterly
$46.4M
Revenue by segment
Equity Bancshares · $5.74M total across 3 segments · Q3 2021
- Debit Card Income$2.57M—44.9%
- Service Charges$2.36M—41.2%
- Mortgage Banking$801K—14.0%
Forward guidance
The press release does not contain specific forward guidance. It expresses confidence in the company's strong community presence, healthy financial condition, and strong liquidity and capital to drive profitability and be an attractive partner for mergers and acquisitions.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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