Equity Bancshares, Inc.
- Open
- 48.49
- Day high
- 49.23
- Day low
- 48.49
- Prev close
- 49.11
- Volume
- 112K
- Mkt cap
- $1.0B
- P/E (TTM)
- 35.8
- EPS (TTM)
- $1.37
- P/B
- 1.2
- P/S
- 2.9
- Yield
- 1.47%
- Per share
- $0.72
- ▲Insiders net buying $7K over the last 3 months (1 open-market buy, 2 sales)
- 🏛Institutions accumulating (13F)
Equity Bancshares, Inc. (EQBK) is a Financial Services company listed on NYSE. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 2 sales (SEC Form 4).
Equity Bancshares, Inc. (EQBK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EQBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 15, 2026 | $1.15 | $1.32 | +14.8% | $83M | +0.6% |
| Mar 6, 2026 | — | $1.15 | — | $100M | — |
| Oct 14, 2025 | $0.99 | $1.21 | +22.2% | $48M | -38.2% |
| Jul 14, 2025 | $0.90 | $0.99 | +10.0% | $58M | -4.8% |
| Apr 15, 2025 | $0.82 | $0.90 | +9.8% | $60M | +5.8% |
| Jan 22, 2025 | $0.94 | $1.10 | +17.0% | $58M | +2.6% |
| Oct 15, 2024 | $0.99 | $1.28 | +29.3% | $54M | -3.5% |
| Jul 16, 2024 | $0.92 | $0.76 | -17.4% | $54M | -3.5% |
| Apr 16, 2024 | $0.85 | $0.90 | +5.9% | $51M | -3.8% |
| Jan 24, 2024 | $0.65 | $0.77 | +18.5% | $20M | -31.3% |
| Oct 17, 2023 | $0.73 | $0.80 | +9.6% | $49M | +0.3% |
| Jul 18, 2023 | $0.69 | $0.80 | +15.9% | $45M | -5.9% |
EQBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Reber Brett Aofficer: General Counsel | Sell | 1,686 | $47.85 |
| May 7, 2026 | Reber Brett Aofficer: General Counsel | Sell | 100 | $46.55 |
| May 5, 2026 | Rogerson Donald Scottdirector | Grant | 1,103 | — |
| May 5, 2026 | Schlehuber Lisa Anndirector | Grant | 1,103 | — |
| May 5, 2026 | PENNER SHAWN DAVIDdirector | Grant | 1,103 | — |
| May 5, 2026 | Maland Jerry Pdirector | Grant | 1,103 | — |
| May 5, 2026 | Cook Kevin Earldirector | Grant | 1,103 | — |
| May 5, 2026 | Everett Junetta Mdirector | Grant | 1,103 | — |
| May 5, 2026 | Fergeson Clint Kendricdirector | Grant | 1,103 | — |
| May 5, 2026 | Hutton Benjamen Mdirector | Grant | 1,103 | — |
| May 5, 2026 | Gaeddert Gregory Ldirector | Grant | 3,726 | $45.34 |
| May 5, 2026 | Borck Leondirector | Grant | 1,103 | — |
| May 5, 2026 | Loving James Sdirector | Grant | 1,103 | — |
| May 1, 2026 | Rogerson Donald Scottdirector | Buy | 2,000 | $45.93 |
| Mar 23, 2026 | Knutson Annofficer: Chief Human Resources Officer | Sell | 450 | $43.93 |
Source: EQBK SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full EQBK insider & 13F page →Equity Bancshares, Inc. company profile
Overview
Equity Bancshares, Inc. (NASDAQ:EQBK) is a regional bank holding company founded in 2002 and headquartered in Wichita, Kansas. The company operates through its primary subsidiary, Equity Bank, which provides comprehensive banking and financial services across the Midwest. Since going public in 2015, Equity Bancshares has pursued an aggressive growth strategy combining organic expansion with strategic acquisitions, completing multiple bank mergers to expand its geographic footprint and market presence across Arkansas, Kansas, Missouri, and Oklahoma.
Business
Equity Bancshares operates in the regional banking industry, providing traditional commercial and consumer banking services through a network of 69 branches across four Midwest states. The banking industry serves as a financial intermediary, accepting deposits from customers and lending those funds to borrowers while earning profit from the interest rate spread. The company's core business segments include: 1. Commercial Banking - This represents the largest revenue driver, offering loans to businesses including commercial and industrial loans, commercial real estate financing, equipment financing, working capital facilities, and specialized lending to sectors like restaurants, hotels, real estate development, manufacturing, and agriculture. The bank serves national and regional companies, franchise operators, and agribusiness entities. 2. Consumer Banking - Provides retail banking services including residential mortgages, home equity loans and lines of credit, personal loans, checking and savings accounts, certificates of deposit, and consumer credit products. This segment serves individual customers and professionals throughout their geographic markets. 3. Treasury Management and Fee Services - Offers cash management solutions, wire transfers, automated clearing house services, lockbox services, remote deposit capture, account reconciliation, and other business banking services that generate fee income rather than interest income. The bank also provides digital banking platforms including online banking, mobile banking with remote check deposit capabilities, and maintains an ATM network for customer convenience. As a community-focused regional bank, Equity Bank emphasizes relationship banking and serving the specific needs of businesses and individuals in their local markets.
Competitive moat
Equity Bancshares operates in the highly competitive regional banking sector with limited sustainable competitive advantages. The company's moat is relatively narrow and primarily based on local market relationships and operational efficiency rather than structural barriers to entry. The bank's competitive positioning includes several modest advantages: Local Market Knowledge - As a community-focused bank, Equity has developed deep relationships with local businesses and understands regional economic dynamics, particularly in agricultural and small business lending. This local expertise can provide advantages in credit underwriting and customer retention. Operational Efficiency - The bank has demonstrated ability to quickly integrate acquisitions and achieve cost synergies, completing mergers in as little as 67 days, which provides some competitive advantage in the consolidating regional banking market. However, the bank faces significant competitive pressures that limit its moat strength: Commoditized Products - Banking services are largely commoditized, with customers able to easily switch between institutions based on rates and terms. Scale Disadvantages - Larger national and super-regional banks have significant advantages in technology investment, regulatory compliance costs, and funding costs that Equity cannot match. Fintech Disruption - Digital banking platforms and fintech companies are increasingly competing for both deposit and lending relationships, particularly among younger customers and small businesses. The banking industry's regulatory environment creates some barriers to entry, but these same regulations also limit pricing flexibility and impose ongoing compliance costs that disproportionately impact smaller institutions. Equity's strategy of growth through acquisition provides some competitive positioning, but this approach requires continuous deal flow and successful integration execution, both of which are challenging to sustain long-term. Overall, Equity Bancshares operates with a weak moat that relies primarily on execution excellence and local market relationships rather than sustainable structural advantages.
Risks & safety
Equity Bancshares presents a moderate margin of safety with adequate capitalization but some concerns around valuation and operational volatility. • Liquidity and Solvency: Strong cash position of $383 million, debt-to-equity ratio of 0.46, and regulatory capital ratios above required minimums. The bank maintains adequate liquidity buffers and has access to Federal Home Loan Bank borrowing facilities. • Credit Quality: Asset quality remains solid with non-accrual loans at 0.77% of total loans and net charge-offs annualized at only 4 basis points. Total classified loans of $73.5 million represent 12.1% of regulatory capital, within acceptable ranges. • Valuation Metrics: Trading at P/E ratio of 10.0x and price-to-book of 1.15x, suggesting reasonable valuation relative to earnings and book value. However, the Graham number of $29.71 indicates potential overvaluation relative to conservative value metrics. • Operational Concerns: Negative free cash flow of -$31.7 million in Q4 2024 raises questions about cash generation, though this may be related to acquisition activities and seasonal factors. Return on equity of 2.9% is below historical levels and industry averages. • Growth Dependency: The bank's strategy relies heavily on successful M&A execution and organic growth in competitive markets, creating execution risk for maintaining profitability and returns.
Recent development
Over the past two years, Equity Bancshares has pursued an aggressive acquisition-driven growth strategy while working to optimize operational efficiency and expand fee-based revenue streams. The company completed three significant bank mergers between 2023 and 2024, including Rockhold Bancorp, Bank of Kirksville, and KansasLand Bancshares, demonstrating remarkable execution speed with some deals closing in as few as 67 days. Strategic Capital Management: The bank raised $87 million in common equity capital during 2024 to support its acquisition strategy and maintain regulatory capital ratios. Management has also implemented share repurchase programs and increased dividends by 25%, balancing growth investment with shareholder returns. Operational Improvements: The company has focused on enhancing sales effectiveness through realigned incentive programs, comprehensive commercial banking training initiatives, and the addition of key personnel including regional CEOs and a Managing Director of Sales and Training. These efforts aim to drive organic loan growth beyond the mid-to-high single digits targeted for 2025. Technology and Service Expansion: Equity has partnered with Marstone, Inc. to launch digital wealth management services and introduced new checking account products. The bank continues to invest in treasury management capabilities and corporate credit card services to diversify fee income sources. Market Positioning: Management has identified potential expansion opportunities and maintains an active M&A pipeline with 6-8 ongoing conversations as of Q4 2024. The bank's strategy focuses on acquiring community banks facing margin pressure, regulatory challenges, or succession planning issues, particularly within their existing geographic footprint to maximize synergies and regulatory efficiency.
EQBK company profile · for informational purposes only — not investment advice.
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