Equity Bancshares Inc (EQBK)
NYSE:EQBK
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Equity Bancshares
(NYSE:EQBK)
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Rating:66Neutral
Price Target:
$49.00
â–²(6.54% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by stable-but-pressured financial performance (improving revenue and balance-sheet leverage, but sharply lower profitability and ROE) and a positive earnings call outlook (clear margin guidance, growth targets, and strong capital/buybacks despite integration and credit headwinds). Valuation is supportive (P/E 12.46; ~1.51% yield), while technicals are neutral with mixed momentum signals.
Positive Factors
Reaccelerating revenue growth
Sustained top-line reacceleration (+10.5% TTM) indicates the franchise is converting scale and new assets into recurring interest and fee revenue. Over 2–6 months this supports stable NII expansion, underwriting capacity and reinvestment for branches/digital channels, underpinning durable earnings power.
Negative Factors
Material profit margin compression
Sharp compression in reported net margin and ROE reduces profit per asset and limits internal capital generation. Over the medium term this weakens return on equity, constrains dividend/share-repurchase optionality if not restored, and pressures management to extract structural cost or repricing gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating revenue growth
Sustained top-line reacceleration (+10.5% TTM) indicates the franchise is converting scale and new assets into recurring interest and fee revenue. Over 2–6 months this supports stable NII expansion, underwriting capacity and reinvestment for branches/digital channels, underpinning durable earnings power.
Read all positive factors
Equity Bancshares (EQBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$948.86M
Dividend Yield1.34%
Average Volume (3M)74.86K
Price to Earnings (P/E)12.5
Beta (1Y)0.85
Revenue Growth0.80%
EPS Growth-67.72%
CountryUS
Employees810
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.37
Shares Outstanding20,640,778
10 Day Avg. Volume93,324
30 Day Avg. Volume74,857
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.16
Price to Sales (P/S)2.70
P/FCF Ratio22.30
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit4.88
Enterprise Value/Ebitda10.14
Forecast
1Y Price Target
$51.33Price Target Upside11.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)4.74
Revenue Forecast (FY)$339.97M
Equity Bancshares Business Overview & Revenue Model
Company Description
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money marke...
How the Company Makes Money
Equity Bancshares primarily makes money through traditional banking activities conducted by its subsidiary bank. The largest revenue driver is typically net interest income: the bank earns interest and fees on loans (e.g., commercial, real estate,...
Equity Bancshares Earnings Call Summary
Earnings Call Date:Apr 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 21, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum driven by acquisitions, sizable asset and deposit growth, robust loan production, solid adjusted earnings and return metrics, and successful integration milestones (on-time core conversion and cost-savings beginning to realize). Key near-term challenges center on integration-related expense increases, acquisition-driven margin pressure and higher-cost funding, and a rise in nonperforming/nonaccrual balances largely attributable to acquired portfolios and short-term conversion/renewal issues that management expects to resolve. On balance, the positives (scale, revenue, adjusted profitability, capital strength and a clear plan to reprice funding and extract cost savings) outweigh the manageable near-term headwinds.Positive Updates
Acquisitions and Asset Growth
Frontier acquisition drove a ~20% increase in assets and contributed to record quarterly revenue; combined with another transaction, the asset base is >40% larger year-over-year (vs March 2025).
Negative Updates
Margin Compression from Acquisition Funding Mix
Reported NIM declined to 4.33% from 4.47% prior quarter (normalized 4.29%) as Frontier brought a higher cost funding profile; purchase accounting accretion added ~19 bps (about $3.3M) and is expected to normalize to ~$2.5M in future quarters, creating periodic variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Acquisitions and Asset Growth
Frontier acquisition drove a ~20% increase in assets and contributed to record quarterly revenue; combined with another transaction, the asset base is >40% larger year-over-year (vs March 2025).
Read all positive updates
Company Guidance
Management's guidance emphasized a full-year NIM range of 4.20%–4.35% (quarter NIM 4.33%, normalized quarter NIM ~4.29% after $3.3M loan accretion), confidence in a $5.00 per-share 2026 target, an effective tax rate of 22%–23%, and expectation of mid-single-digit organic loan growth; purchase accounting accretion ran $3.3M this quarter (≈19 bps) and is expected to normalize to about $2.5M; provision commentary moved to roughly a $1.5M–$2.0M quarterly run rate (management noted this may be modestly below prior $6M–$8M annual framing absent specific credit deterioration); capital and liquidity remain strong with ~>$25M quarterly capital generation, TCE 9.0% (bank TCE 9.8%), CET1 11.5%, total capital 14.4%, average interest‑earning assets +22.2% and interest‑bearing liabilities +25.6% (ending IBL/IEA 76.4%), loan-to-deposit 86%, a $517M 75% pipeline, active buybacks (500k shares repurchased at $44.74; ~327.7k shares remain authorized), and operating metrics including NII $73.7M, adjusted noninterest expense 2.57% of average assets (improved 25 bps), pretax pre‑provision net revenue $34.7M ($1.63/sh), and adjusted return on average tangible common equity of 16.1%.Equity Bancshares Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 347.40M | 314.26M | 326.51M | 224.68M | 220.28M | 186.81M |
| Gross Profit | 178.30M | 158.37M | 217.67M | 135.63M | 194.99M | 180.59M |
| EBITDA | 85.79M | 84.83M | 88.54M | 11.05M | 79.65M | 73.34M |
| Net Income | 24.65M | 22.73M | 62.62M | 7.82M | 57.69M | 52.48M |
Balance Sheet | ||||||
| Total Assets | 7.67B | 6.37B | 5.33B | 5.03B | 4.98B | 5.14B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 1.64B | 1.19B | 1.28B | 1.29B | 1.59B |
| Total Debt | 484.92M | 448.22M | 312.80M | 380.50M | 281.73M | 151.89M |
| Total Liabilities | 6.85B | 5.64B | 4.74B | 4.58B | 4.57B | 4.64B |
| Stockholders Equity | 817.61M | 732.05M | 592.92M | 452.86M | 410.06M | 500.63M |
Cash Flow | ||||||
| Free Cash Flow | 29.85M | 38.11M | 65.35M | 60.39M | 70.58M | 97.60M |
| Operating Cash Flow | 45.44M | 51.37M | 73.84M | 76.53M | 74.07M | 102.70M |
| Investing Cash Flow | 247.06M | 136.92M | 123.73M | 232.17M | -214.18M | -315.34M |
| Financing Cash Flow | -159.72M | 35.79M | -192.93M | -34.03M | -15.41M | 191.90M |
Equity Bancshares Technical Analysis
Positive
45.99
Price Trends
45.01
Positive
45.37
Positive
43.45
Positive
Market Momentum
0.06
Negative
56.83
Neutral
80.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQBK, the sentiment is Positive. The current price of 45.99 is above the 20-day moving average (MA) of 45.46, above the 50-day MA of 45.01, and above the 200-day MA of 43.45, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 80.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EQBK.
Equity Bancshares Risk Analysis
Equity Bancshares disclosed 97 risk factors in its most recent earnings report. Equity Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Equity Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.13B | 7.07 | 10.95% | 0.38% | 9.48% | 37.91% | |
76 Outperform | $1.12B | 13.27 | 7.58% | 3.91% | 8.28% | 37.82% | |
76 Outperform | $908.13M | 7.90 | 10.08% | 2.68% | 25.89% | 20.01% | |
76 Outperform | $906.50M | 10.13 | 13.73% | 3.39% | 5.37% | 40.00% | |
70 Outperform | $1.03B | 19.79 | 10.87% | 3.21% | 4.14% | -9.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $948.86M | 12.46 | 3.40% | 1.34% | 0.80% | -67.72% |
* Financial Sector Average
EQBK
Equity Bancshares
45.97
7.83
20.53%
CCNE
Cnb Financial
30.65
9.52
45.04%
CPF
Central Pacific Financial
34.73
9.19
36.00%
HFWA
Heritage Financial
27.18
4.97
22.38%
MCB
Metropolitan Bank Holding
91.21
28.07
44.45%
HBT
HBT Financial
28.36
5.47
23.88%
Equity Bancshares Corporate Events
Dividends
Equity Bancshares Declares Quarterly Cash Dividend to Shareholders
Positive
May 21, 2026
On May 20, 2026, Equity Bancshares, Inc.’s Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock, continuing the bank’s practice of returning capital to shareholders. The dividend is scheduled to be p...
Executive/Board ChangesShareholder Meetings
Equity Bancshares Shareholders Expand Equity Plan, Affirm Governance
Positive
Apr 22, 2026
At its April 21, 2026 annual meeting, Equity Bancshares’ stockholders approved a second amendment to the company’s 2022 Omnibus Equity Incentive Plan, adding 1,000,000 authorized shares of Class A common stock for future equity awards,...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Equity Bancshares Reports Strong First-Quarter 2026 Earnings Growth
Positive
Apr 14, 2026
Equity Bancshares reported first‑quarter 2026 net income of $17.0 million, or $0.80 per diluted share, with adjusted net income of $26.3 million, or $1.23 per share, reflecting record revenue driven by strong net interest income and franchis...
Dividends
Equity Bancshares Declares Quarterly Cash Dividend for Shareholders
Positive
Feb 23, 2026
On February 18, 2026, Equity Bancshares, Inc. announced that its board of directors declared a quarterly cash dividend of $0.18 per share on its common stock. The dividend is scheduled to be paid on April 15, 2026, to shareholders of record as of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.