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Equity Bancshares Inc (EQBK)
NYSE:EQBK
Earnings Data
Report Date
Jul 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.88Last Year’s EPS
0.76Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: 13.63%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment, highlighting strong financial performance, significant loan growth, and a successful merger. Although there were some concerns regarding credit provisions and a temporary decline in deposit balances, the overall outlook remains optimistic with strategic growth plans in place.Company Guidance
In the Equity Bancshares First Quarter Earnings Call for 2025, several key metrics and strategic developments were highlighted. The company reported net income of $15.0 million, translating to $0.85 per diluted share, with net interest income increasing to $50.3 million, resulting in a net interest margin of 4.27%. The merger with NBC Corp. is anticipated to add approximately $900 million in assets, bolstering the company's strategic presence in Oklahoma. The first quarter saw loan growth of $131 million, an annualized rate of 15.5%, and a tangible book value per share increase to $31.07. Noninterest income rose to $10.3 million, while noninterest expenses were recorded at $39.1 million. The provision for credit losses was $2.7 million, with an allowance coverage of 1.26% of loans. The company maintained a TCE ratio of 10.13%, with a forecasted net interest margin between 4% and 4.10% for the second quarter. The company expressed optimism about continued growth through both organic production and strategic M&A, supported by a strong balance sheet and motivated teams.Strong Earnings and Margin Expansion
Equity Bancshares reported net income of $15.0 million or $0.85 per diluted share, with net interest margin improving to 4.27% from 4.17% in the previous quarter.
Significant Loan Growth
Loans increased by $131 million, an annualized growth rate of 15.5%. Organic originations in the quarter totaled $197 million, up 64% compared to the previous quarter.
Successful Merger with NBC Corp.
The merger with NBC Corp. is expected to add approximately $900 million to assets, expanding the bank's presence in Oklahoma.
Improvement in Asset Quality
Nonaccrual loans decreased by 10.3% to $24.2 million, and nonperforming assets declined by 19.6% to $27.9 million.
Increased Tangible Common Equity (TCE) Ratio
The TCE ratio increased to 10.13%, up 36% from the same quarter last year.
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EQBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 15, 2025 | $35.96 | $36.41 | +1.25% |
Jan 22, 2025 | $42.44 | $43.18 | +1.74% |
Oct 15, 2024 | $43.11 | $44.02 | +2.11% |
Jul 16, 2024 | $39.96 | $40.21 | +0.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equity Bancshares Inc (EQBK) report earnings?
Equity Bancshares Inc (EQBK) is schdueled to report earning on Jul 22, 2025, TBA Not Confirmed.
What is Equity Bancshares Inc (EQBK) earnings time?
Equity Bancshares Inc (EQBK) earnings time is at Jul 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQBK EPS forecast?
EQBK EPS forecast for the fiscal quarter 2025 (Q2) is 0.88.
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