Equity Bancshares Inc - Understand $eqbk stock

$EQBK Market Cap: $724.9 Million

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Financial Snapshot

Revenue

$221.9M

TTM

Gross Margin

Net Earnings

$17.34M

TTM

Current Assets

Current Liabilities

$75.24M

Q3 2024

Current Ratio

Total Assets

$5.355B

Q3 2024

Total Liabilities

$4.851B

Q3 2024

Book Value

$504.0M

Q3 2024

Cash

$235.5M

Q3 2024

P/E

41.81

Nov 14, 2024 EST

Free Cash Flow

$35.35M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$246.7M	$188.2M	$157.4M	$155.6M	$175.5M	$161.6M	$102.7M	$61.80M	$53.03M	$46.79M	$46.85M
YoY Change	31.06%	19.62%	1.16%	-11.36%	8.63%	57.32%	66.17%	16.54%	13.32%	-0.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$246.7M	$188.2M	$157.4M	$155.6M	$175.5M	$161.6M	$102.7M	$61.80M	$53.03M	$46.79M	$46.85M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.034M	$8.652M	$8.400M	$7.600M	$6.800M	$5.600M	$3.600M	$2.200M	$2.000M	$1.900M	$1.900M
YoY Change	-7.14%	3.0%	10.53%	11.76%	21.43%	55.56%	63.64%	10.0%	5.26%	0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$87.69M	$25.42M	$14.79M	$22.91M	$49.64M	$36.76M	$16.69M	$9.202M	$6.766M	$5.433M	$5.610M
YoY Change	245.01%	71.87%	-35.44%	-53.85%	35.05%	120.23%	81.38%	36.0%	24.54%	-3.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$2.415M	$70.28M	$64.44M	-$74.57M	$32.86M	$46.18M	$31.03M	$13.87M	$14.44M	$13.19M	$11.41M
YoY Change	-96.56%	9.07%	-186.41%	-326.95%	-28.84%	48.83%	123.71%	-3.97%	9.49%	15.63%	96.67%
Income Tax	-$5.406M	$12.59M	$11.96M	$400.0K	$7.278M	$10.35M	$10.38M	$4.495M	$4.142M	$4.203M	$3.534M
% Of Pretax Income	-223.85%	17.92%	18.55%		22.15%	22.41%	33.45%	32.41%	28.68%	31.87%	30.98%
Net Earnings	$7.821M	$57.69M	$52.48M	-$74.97M	$25.58M	$35.83M	$20.65M	$9.374M	$10.30M	$8.987M	$7.873M
YoY Change	-86.44%	9.92%	-170.0%	-393.09%	-28.6%	73.5%	120.28%	-8.99%	14.61%	14.15%	87.45%
Net Earnings / Revenue	3.17%	30.64%	33.35%	-48.19%	14.58%	22.17%	20.11%	15.17%	19.42%	19.21%	16.81%
Basic Earnings Per Share	$0.50	$3.56	$3.49	-$4.97	$1.64	$2.33	$1.66	$1.09	$1.55	$1.31	$0.93
Diluted Earnings Per Share	$0.50	$3.509M	$3.43	-$4.97	$1.61	$2.28	$1.62	$1.07	$1.54	$1.30	$0.92

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$112.6M	$101.5M	$110.0M	$93.00M	$88.60M	$80.40M	$63.40M	$50.50M	$39.10M	$33.90M	$37.50M
YoY Change	10.98%	-7.73%	18.28%	4.97%	10.2%	26.81%	25.54%	29.16%	15.34%	-9.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets											$700.0K
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$5.035B	$4.982B	$5.138B	$4.013B	$3.950B	$4.062B	$3.171B	$2.192B	$1.586B	$1.175B	$1.140B
YoY Change
Accounts Payable	$36.46M	$32.83M	$41.50M	$15.50M	$14.40M	$13.70M	$10.70M	$7.400M	$5.400M	$2.100M	$6.300M
YoY Change	11.04%	-20.88%	167.74%	7.64%	5.11%	28.04%	44.59%	37.04%	157.14%	-66.67%
Accrued Expenses	$3.307M	$5.294M	$5.900M	$3.500M	$4.100M
YoY Change	-37.53%	-10.27%	68.57%	-14.63%
Deferred Revenue
YoY Change
Short-Term Debt	$43.58M	$46.48M	$56.00M	$36.00M	$35.70M	$50.10M	$37.50M	$20.60M	$20.80M	$25.30M	$25.50M
YoY Change	-6.23%	-17.0%	55.56%	0.84%	-28.74%	33.6%	82.04%	-0.96%	-17.79%	-0.78%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$80.04M	$32.83M	$47.40M	$19.00M	$18.50M	$13.70M	$10.70M	$7.400M	$5.400M	$2.100M	$6.300M
YoY Change	143.77%	-30.73%	149.47%	2.7%	35.04%	28.04%	44.59%	37.04%	157.14%	-66.67%
Long-Term Debt	$96.92M	$96.39M	$95.90M	$87.70M	$23.60M	$29.70M	$16.50M	$13.70M	$27.90M	$24.10M	$8.600M
YoY Change	0.55%	0.51%	9.35%	271.61%	-20.54%	80.0%	20.44%	-50.9%	15.77%	180.23%
Other Long-Term Liabilities	$19.32M	$15.22M	$17.70M	$5.200M	$5.800M	$4.000M	$2.000M	$2.500M	$3.100M	$3.100M	$3.400M
YoY Change	26.92%	-14.02%	240.38%	-10.34%	45.0%	100.0%	-20.0%	-19.35%	0.0%	-8.82%
Total Long-Term Liabilities	$116.2M	$111.6M	$113.6M	$92.90M	$29.40M	$33.70M	$18.50M	$16.20M	$31.00M	$27.20M	$12.00M
YoY Change	4.14%	-1.75%	22.28%	215.99%	-12.76%	82.16%	14.2%	-47.74%	13.97%	126.67%
Total Liabilities	$4.582B	$4.572B	$4.637B	$3.606B	$3.472B	$3.606B	$2.796B	$1.934B	$1.419B	$1.057B	$1.000B
YoY Change	0.22%	-1.41%	28.6%	3.87%	-3.72%	28.94%	44.58%	36.36%	34.23%	5.66%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	15.54M	16.21M	15.02M	15.10M	15.62M	15.39M	12.45M	8.624M	6.515M	6.299M	7.427M shares
Diluted Shares Outstanding	15.65M	16.44M	15.31M	15.10M	15.84M	15.71M	12.71M	8.756M	6.560M	6.373M	7.492M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $724.88 Million

About Equity Bancshares Inc

Equity Bancshares, Inc. is a bank holding company, which engages in the provision of financial services to individuals and businesses. The company is headquartered in Wichita, Kansas and currently employs 717 full-time employees. The company went IPO on 2015-11-11. The Bank provides a range of financial services primarily to businesses and business owners as well as individuals through its network of approximately 74 locations in Kansas, Missouri, Arkansas, and Oklahoma. The Bank’s operations involve the delivery of loan and deposit products to its customers. The Bank offers commercial loans, consumer banking, mortgage loans, trust and wealth management services, treasury management service and other services. The Bank offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) origination and stop payments.

Industry: State Commercial Banks Peers: Bank of Marin Bancorp Business First Bancshares Inc Farmers National Banc Corp Five Star Bancorp Mercantile Bank Corp Mid Penn Bancorp Inc PNC Financial Services Group Inc South Plains Financial Inc