NYSE$EQBK

Equity Bancshares Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Equity Bancshares reported Q4 2019 earnings with net income of $10.0 million and EPS of $0.64 per diluted common share, showcasing net interest margin expansion and successful non-interest expense and income initiatives.

Equity Bancshares, Inc. reported net income allocable to common stockholders of $10.0 million, or $0.64 per diluted share, in the fourth quarter of 2019. The company saw net interest margin expansion and successful non-interest expense and non-interest income initiatives.

  • Net income before taxes for Q4 2019 was $13.1 million, or $0.84 per diluted share.
  • Stated diluted income per share in Q4 2019 was $0.64.
  • Total loans held for investment were $2.56 billion at December 31, 2019.
  • Total deposits were $3.06 billion at December 31, 2019.

Headline financials

Total Revenue

$39M

Previous: $38.8M+0.7%
EPS (adj)

$0.64

Previous: $0.66-3.0%
Net Interest Margin

3.6%

Previous: 3.7%-2.4%
Efficiency Ratio

63.6%

Previous: 62.4%+2.0%
Tier 1 Leverage Ratio

9.0%

Previous: 8.6%+4.9%
Common Equity Tier 1

11.6%

Previous: 10.9%+6.2%
Equity to Total Assets

12.1%

No prior period
TCE to Tangible Assets

8.4%

No prior period
Book Value per Share

$30.95

No prior period
Tangible BV per Share

$20.75

No prior period
Capital Expenditures

$928K

Previous: $1.75M-47.0%
Free Cash Flow

$16.7M

Previous: $33M-49.3%
Net Income

$10M

Previous: $9.93M+0.9%
Operating Income

$13.1M

No prior period
Cash & Equivalents

$89.3M

Previous: $193M-53.7%
Total Assets

$3.95B

Previous: $4.06B-2.8%
Stock-Based Comp

$521K

Previous: $559K-6.8%

Revenue & EPS history

Equity Bancshares · Revenue · Quarterly

$39M

Q4 2019+0.7%vs Q4 2018
Beat estimate in 5 of 16 quarters(31%)
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

Equity's focus in 2020 includes continuing to offer relationship-based customer service and providing innovative products to grow signature deposits. The company continues to monitor and develop relationships for further business combinations, prioritizing cultural fit and stockholder value.

Tailwinds

  • Continuing to offer the relationship-based customer service that our business clients and consumers value
  • Providing innovative products that help us grow signature deposits, including checking, operating and savings accounts
  • Continue to monitor and develop relationships for further business combinations
  • Prioritize cultural fit in addition to stockholder value

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 Q4 2019

Historical avgQ4 2019

+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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