NYSE$EQBK

Equity Bancshares Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong organic growth while expanding Kansas franchise.

Equity Bancshares, Inc. reported a net income of $11.8 million, with earnings per diluted share at $0.80 for the quarter ended September 30, 2021. The company experienced loan growth excluding PPP loans and successfully integrated American State Bank & Trust Company.

  • Diluted earnings per share were $0.80, with adjusted core operating results reflecting $0.96 per diluted share.
  • Service fee revenue, including deposit services, mortgage banking, trust and wealth and insurance services, increased to $6.7 million, a 3.7% increase.
  • The Company repurchased 57,239 shares at a weighted average cost of $30.64 per share, totaling $1.8 million.
  • The Company announced and paid its first common stock dividend of $0.08 per share to shareholders of record as of September 30, 2021.

Headline financials

Total Revenue

$46.8M

Previous: $38.6M+21.3%
EPS (adj)

$0.80

Previous: $0.60+33.3%
Efficiency Ratio

56.6%

No prior period
Capital Expenditures

-$4.36M

Previous: -$6.39M+31.8%
Free Cash Flow

$7.42M

Previous: -$96.8M+107.7%
Net Income

$11.8M

Previous: -$90.4M+113.0%
Operating Income

-$183M

Previous: -$186M+1.9%
Gross Profit

$45.7M

Previous: $38.6M+18.5%
Cash & Equivalents

$142M

Previous: $66M+114.9%
Total Assets

$4.26B

Previous: $3.87B+10.3%
Stock-Based Comp

$566K

Previous: $812K-30.3%

Revenue & EPS history

Equity Bancshares · Revenue · Quarterly

$46.8M

Q3 2021+21.3%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
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 document does not contain any forward guidance.

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 Q3 2021

Historical avgQ3 2021

+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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