Equity Bancshares (EQBK) AI Stock Analysis

• Market Cap: $697.64M
• Dividend Yield: 1.51%
• Average Volume (3M): 90.32K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.00
• Revenue Growth: 31.23%
• EPS Growth: 533.61%
• Country: US
• Employees: 810
• Sector: Financial
• Sector Strength: 76
• Industry: Banks - Regional
• EPS (TTM): 0.86
• Shares Outstanding: 17,515,493
• 10 Day Avg. Volume: 126,338
• 30 Day Avg. Volume: 90,317
• PEG Ratio: 4.02
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.74
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 1.60
• Enterprise Value/Ebitda: 1.58
• 1Y Price Target: $44.50
• Price Target Upside: 12.12% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 78 Outperform
• Price Target: $46.00 ▲(15.90%Upside)

Equity Bancshares' solid financial performance, strategic mergers, and positive earnings call sentiment are key strengths. Technical indicators show mixed signals, and valuation reflects fair pricing. The company's growth strategy positions it well in the regional banking sector.

Positive Factors

Loan Growth

A new incentive program for loan producers is anticipated to generate mid to high-single-digit organic loan growth.

Organic Growth

An acceleration in the organic growth of the balance sheet and fee income is expected following internal actions to boost client calling efforts.

Strategic Acquisitions

Equity Bancshares has sound fundamentals with potential for strategic acquisitions.

Negative Factors

Market Performance

Projected profitability is 1.20% compared to a peer median of 1.16%.

Stock Performance

On a YTD-basis, EQBK shares are -7% compared to a peer group median of -6%.

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 market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses. The company's loan products also comprise various consumer loans to individuals and professionals, including residential real estate loans, home equity loans and lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It also provides debit cards; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; ATMs; and treasury management, wire transfer, automated clearing house, and stop payment services. In addition, the company offers cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts, as well as banking services through telephone, mail, and personal appointments. As of December 31, 2021, it operated a network of 69 branches in Arkansas, Kansas, Missouri, and Oklahoma. The company was founded in 2002 and is headquartered in Wichita, Kansas.

How the Company Makes Money

Equity Bancshares generates revenue primarily through its lending and deposit-taking activities. The company earns interest income from loans and investment securities, which is a significant portion of its revenue. It also makes money by charging interest on various types of loans, including commercial, consumer, and real estate loans. Additionally, the company earns non-interest income through service charges on deposit accounts, transaction fees, and other financial services. Equity Bancshares may also benefit from strategic partnerships and investments that enhance its financial product offerings and expand its market reach. The company's performance is influenced by factors such as interest rate fluctuations, economic conditions, and regulatory changes.

Equity Bancshares Financial Statement Overview

Summary

Equity Bancshares exhibits strong financial performance characterized by solid revenue growth, profitability, and efficient cash management. The company maintains a healthy gross profit margin, low leverage, and stable equity, positioning it well in the regional banking sector.

Income Statement

Equity Bancshares shows strong revenue growth with a 47.99% increase from 2023 to TTM (Trailing-Twelve-Months). The company maintains a healthy gross profit margin of 66.70% and a solid net profit margin of 19.12% in TTM. Despite these strengths, the EBIT margin saw a significant boost at 23.87%, indicating improved operational efficiency compared to prior periods.

Balance Sheet

The balance sheet of Equity Bancshares is robust, with a low debt-to-equity ratio of 0.60 in TTM, demonstrating prudent financial leverage. The equity ratio remains stable at 11.34%, reflecting a solid equity base relative to total assets. A return on equity of 10.30% indicates efficient use of equity capital, though there's room for improvement compared to industry benchmarks.

Cash Flow

The cash flow statement reflects strong operational cash flow with an operating cash flow to net income ratio of 1.30, indicating good cash generation relative to earnings. Free cash flow has grown impressively by 14.65% from the previous year, supporting future investments and debt servicing. The free cash flow to net income ratio of 1.18 further emphasizes sound cash management practices.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	326.51M	224.68M	220.28M	186.81M	177.04M
Gross Profit	217.67M	135.63M	194.99M	180.59M	129.88M
EBITDA	88.54M	11.05M	79.65M	73.34M	-66.33M
Net Income	62.62M	7.82M	57.69M	52.48M	-74.97M
Balance Sheet
Total Assets	5.33B	5.03B	4.98B	5.14B	4.01B
Cash, Cash Equivalents and Short-Term Investments	1.19B	1.28B	1.29B	1.59B	1.15B
Total Debt	312.80M	380.50M	281.73M	151.89M	133.86M
Total Liabilities	4.74B	4.58B	4.57B	4.64B	3.61B
Stockholders Equity	592.92M	452.86M	410.06M	500.63M	407.65M
Cash Flow
Free Cash Flow	65.35M	60.39M	70.58M	97.60M	34.01M
Operating Cash Flow	73.84M	76.53M	74.07M	102.70M	43.62M
Investing Cash Flow	123.73M	232.17M	-214.18M	-315.34M	96.00M
Financing Cash Flow	-192.93M	-34.03M	-15.41M	191.90M	51.78M

Equity Bancshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 39.69
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQBK, the sentiment is Negative. The current price of 39.69 is below the 20-day moving average (MA) of 41.60, below the 50-day MA of 40.30, and below the 200-day MA of 41.50, indicating a bearish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 41.84 is Neutral, neither overbought nor oversold. The STOCH value of 4.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EQBK.

Equity Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESQ	79 Outperform	$871.87M	19.52	19.66%	0.63%	16.18%	13.78%
EQBK	78 Outperform	$697.64M	9.85	12.24%	1.51%	31.23%	533.61%
MBWM	78 Outperform	$777.02M	9.51	13.77%	3.78%	8.72%	-0.45%
NBBK	77 Outperform	$648.75M	15.74	6.26%	―	22.18%	277.02%
HAFC	75 Outperform	$783.40M	12.15	8.82%	3.98%	5.20%	-11.06%
CAC	71 Outperform	$714.45M	13.44	8.24%	4.98%	18.13%	4.86%
Sector *	68 Neutral	$16.93B	11.67	9.79%	3.89%	11.83%	-7.56%

Equity Bancshares Corporate Events

Equity Bancshares Completes $75M Subordinated Notes Offering

On July 17, 2025, Equity Bancshares, Inc. completed a private placement offering of $75 million in subordinated notes, which are set to mature in 2035. The company plans to use the proceeds for general corporate purposes, including debt repayment. The notes feature a fixed interest rate until 2030, after which it will switch to a floating rate. This financial move is expected to impact the company’s capital structure and may influence its market positioning by addressing existing indebtedness.

The most recent analyst rating on (EQBK) stock is a Hold with a $44.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Completes Merger with NBC Oklahoma

Equity Bancshares, Inc. reported a net income of $15.3 million for the second quarter ended June 30, 2025, with earnings per diluted share at $0.86. The company completed its merger with NBC Oklahoma, adding seven locations and expanding its loan and deposit base. The net interest margin expanded to 4.17%, and the company declared a $0.15 dividend on common shares. Despite a decrease in deposit balances, the company saw growth in loan balances and an increase in book value per share. The merger with NBC Oklahoma, finalized on July 2, 2025, is expected to strengthen Equity Bancshares’ market position and drive future growth.

The most recent analyst rating on (EQBK) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Completes Merger with NBC Corp.

Equity Bancshares, Inc. has completed its merger with NBC Corp. of Oklahoma, as per the Agreement and Plan of Reorganization dated April 2, 2025. In conjunction with this merger, Equity Bancshares has entered into a Registration Rights Agreement with the former shareholders of NBC, agreeing to file a registration statement with the SEC for the shares issued as merger consideration. The company issued 1,729,783 shares of its Class A common stock to NBC’s former shareholders, utilizing an exemption from the registration requirements of the Securities Act.

The most recent analyst rating on (EQBK) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Completes Merger with NBC Corp.

On July 3, 2025, Equity Bancshares, Inc. announced the completion of its merger with NBC Corp. of Oklahoma, expanding its Oklahoma franchise to 15 locations. This strategic acquisition, part of Equity’s disciplined growth strategy, increases its total assets to approximately $6.4 billion and strengthens its position as a leading community banking franchise in the Midwest.

The most recent analyst rating on (EQBK) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Gains Approval for NBC Corp Merger

Equity Bancshares, Inc. has received all necessary regulatory approvals to proceed with its merger with NBC Corp. of Oklahoma, as per the agreement signed on April 2, 2025. The merger is anticipated to be finalized by early July 2025, pending customary closing conditions, marking a significant step in the company’s strategic growth initiatives.

The most recent analyst rating on (EQBK) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Announces Quarterly Cash Dividend

On May 21, 2025, Equity Bancshares, Inc. announced a quarterly cash dividend of $0.15 per share of common stock. This dividend is set to be paid on July 15, 2025, to shareholders recorded by June 30, 2025.

The most recent analyst rating on (EQBK) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Equity Bancshares stock, see the EQBK Stock Forecast page.

Equity Bancshares Announces Merger with NBC Corp.

Equity Bancshares announced it will meet with institutional investors on May 6, 2025, to discuss its financial performance and strategic direction. The company has recently announced a merger with NBC Corp. of Oklahoma, which was disclosed on April 2, 2025, and is part of its ongoing strategy to expand its market presence through acquisitions. The announcement highlights potential risks and uncertainties associated with forward-looking statements, emphasizing the competitive and regulatory challenges in the financial sector.