Equity Bancshares ( (EQBK) ) has issued an update.
Equity Bancshares, Inc. reported a strong third quarter with net income of $19.8 million, or $1.28 per diluted share, driven by a significant recovery on a problem asset and robust loan growth. The company completed its merger with KansasLand, expanding its Kansas franchise, and increased its loan balances by 16.9% annually. Equity Bancshares also raised its quarterly dividend by 25% and approved a share repurchase plan, showcasing its commitment to shareholder value and strategic growth.
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