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Equity Bancshares Inc (EQBK)
NYSE:EQBK
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.84Last Year’s EPS
0.9Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: 2.93%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements such as record earnings per share, successful M&A activity, and strong capital raise. However, challenges such as the increase in nonperforming assets and classified loans were also noted. Overall, the positive achievements outweigh the challenges.Company Guidance
During the Equity Bancshares Fourth Quarter 2024 earnings call, several key financial metrics were highlighted, reflecting the company's strong performance and strategic outlook. The company concluded the year with record earnings per share of $4.04 and a tangible book value per share growth of $4.70, or 18.5%. Net interest income increased from $46 million to $49.5 million, driving net interest margin up to 4.17% from 3.87% in the previous quarter. In the fourth quarter, Equity Bancshares successfully raised $87 million in common equity for funding M&A growth and other organic opportunities. The company maintained a provision for credit loss of $98,000, with an ending coverage of allowance for credit losses to loans at 1.24%. Capital increased by $88.9 million to $593 million, while the tangible equity ratio improved to 9.95%. Looking forward to 2025, the company anticipated a net interest margin between 3.95% and 4.05% in the first quarter and projected average earning assets between $4.75 billion and $4.85 billion. Overall, Equity Bancshares remains well-positioned for continued growth, both organically and through strategic M&A, backed by a solid capital structure and a strong balance sheet.Record Earnings Per Share
Equity Bancshares closed the year with record earnings per share of $4.04.
Successful M&A Activity
Completed two whole bank acquisitions within 75 days, highlighting the company's core competency.
Strong Capital Raise
Raised $87 million in common equity to fund M&A growth and organic growth.
Net Interest Margin Expansion
Net interest margin increased to 4.17% from 3.87% in the previous quarter.
Improved Asset Quality Metrics
Nonaccrual loans decreased by 13.5% to $27 million, indicating improved asset quality.
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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 |
|---|---|---|---|
| Jan 22, 2025 | $42.60 | $43.35 | +1.76% |
| Oct 15, 2024 | $43.28 | $44.18 | +2.08% |
| Jul 16, 2024 | $40.11 | $40.37 | +0.65% |
| Apr 16, 2024 | $31.50 | $31.46 | -0.13% |
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 Jan 22, 2025, TBA Not Confirmed.
What is Equity Bancshares Inc (EQBK) earnings time?
Equity Bancshares Inc (EQBK) earnings time is at Jan 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 (Q1) is 0.84.
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