NYSE$EQBK

Equity Bancshares Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Equity Bancshares reported strong organic growth and expanded its Kansas franchise.

Equity Bancshares, Inc. reported a net income of $10.5 million, or $0.61 earnings per diluted share, for the quarter ended December 31, 2021. The company's results include a full quarter contribution from American State Bancshares, Inc. and the assumption of three branches in St. Joseph, Missouri.

  • Equity's Q4 results include a full quarter contribution from American State Bancshares, Inc.
  • Equity successfully assumed three branches in the St. Joseph, Missouri market.
  • Diluted earnings per share was $0.61, adjusted to $0.82 per diluted share reflecting core operating results, excluding merger expenses of $4.6 million.
  • Non-accrual loans declined $35.6 million to $29.4 million, representing 0.93% non-accrual loans to total loans, the lowest level reported since 2016.

Headline financials

Total Revenue

$46.4M

Previous: $44.1M+5.3%
EPS (adj)

$0.61

Previous: $0.67-9.0%
Efficiency Ratio

72.3%

Previous: 67.2%+7.5%
Tier 1 Leverage Ratio

9.1%

Previous: 9.3%-2.7%
Common Equity Tier 1

12.0%

Previous: 12.8%-6.4%
Capital Expenditures

$743K

Previous: $3.16M-76.5%
Free Cash Flow

$22.3M

Previous: $4.03M+453.8%
Net Income

$10.5M

Previous: $12.5M-16.2%
Operating Income

$10.5M

Previous: $14.6M-28.4%
Cash & Equivalents

$259M

Previous: $280M-7.5%
Total Assets

$5.14B

Previous: $4.01B+28.0%
Stock-Based Comp

$680K

Previous: $803K-15.3%

Revenue & EPS history

Equity Bancshares · Revenue · Quarterly

$46.4M

Q4 2021+5.3%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
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

In 2022, Equity expects to continue to strengthen its customer delivery options including online and mobile banking, while continuing to offer the personal approach its customers expect from their community bank.

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 2021

Historical avgQ4 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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