NYSE$EQBK

Equity Bancshares Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Equity Bancshares reported fourth quarter results, including the acquisition of Almena State Bank's assets and deposits, and the origination of Main Street Lending Program loans.

Equity Bancshares, Inc. reported a net income of $12.5 million, or $0.84 per diluted share, for the fourth quarter ended December 31, 2020. The results reflect the purchase of assets and deposit liabilities of Almena State Bank and the success of Equity’s customers in obtaining forgiveness of Paycheck Protection Program (“PPP”) loans from the Small Business Administration (“SBA”) totaling $102.8 million resulting in a recognition of $3.8 million of fee income.

  • Equity successfully acquired assets and deposits of Almena State Bank.
  • Originated $282.1 million of Main Street Lending Program loans through its continued support programs during the pandemic.
  • Added $3.93 tangible book value per share in 2020.
  • Tangible book value per common share was $24.68 at December 31, 2020, as compared to $20.75 at December 31, 2019, representing an increase of 18.9% or $3.93 per share.

Headline financials

Total Revenue

$44.1M

Previous: $39M+12.8%
EPS (adj)

$0.67

Previous: $0.64+4.7%
Net Interest Margin

3.9%

Previous: 3.6%+7.5%
Efficiency Ratio

67.2%

Previous: 63.6%+5.6%
Tier 1 Leverage Ratio

9.3%

Previous: 9.0%+3.1%
Common Equity Tier 1

12.8%

Previous: 11.6%+10.2%
Tangible BV per Share

$24.68

Previous: $20.75+18.9%
Capital Expenditures

$3.16M

Previous: $928K+240.6%
Free Cash Flow

$4.03M

Previous: $16.7M-75.9%
Net Income

$12.5M

Previous: $10M+24.7%
Operating Income

$14.6M

Previous: $13.1M+11.1%
Cash & Equivalents

$280M

Previous: $89.3M+213.7%
Total Assets

$4.01B

Previous: $3.95B+1.6%
Stock-Based Comp

$803K

Previous: $521K+54.1%

Revenue & EPS history

Equity Bancshares · Revenue · Quarterly

$44.1M

Q4 2020+12.8%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
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

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 2020

Historical avgQ4 2020

+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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