Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7701 E. KELLOGG DRIVE, SUITE 300 WICHITA KS 67207 |
Tel: | 1-316-7791676 |
Website: | https://investor.equitybank.com |
IR: | See website |
Key People | ||
Brad S. Elliott Chairman of the Board, Chief Executive Officer | Chris M. Navratil Chief Financial Officer, Executive Vice President | Ann M. Knutson Chief Human Resource Officer |
Brett A. Reber Executive Vice President, General Counsel | Julie A. Huber Executive Vice President - Strategic Initiatives | Richard M. Sems Executive Vice President, President of Equity Bank |
David E. Pass Executive Vice President, Chief Information Officer | Krzysztof P. Slupkowski Chief Credit Officer |
Business Overview |
Equity Bancshares, Inc. is a bank holding company for Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners as well as individuals through its network of approximately 82 branches located in Arkansas, Kansas, Missouri and Oklahoma. The Bank's operations involve the delivery of loan and deposit products to its customers. It offers commercial banking products and other services, including lending activities, deposit products, and other products and 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. Its commercial treasury management services include balance reporting, transfers between accounts, wire transfer initiation, automated clearing house (ACH) origination and stop payments. |
Financial Overview |
For the fiscal year ended 31 December 2023, Equity BancShares Inc interest income increased 31% to $246.7M. Net interest income after loan loss provision decreased 3% to $157.1M. Net income decreased 86% to $7.8M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 1% to 3.46%, Net Interest Spread - Total - % decrease of 13% to 2.88%. |
Employees: | 717 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $444.19M as of Dec 31, 2023 |
Annual revenue (TTM): | $246.71M as of Dec 31, 2023 |
EBITDA (TTM): | $27.04M as of Dec 31, 2023 |
Net annual income (TTM): | $7.82M as of Dec 31, 2023 |
Free cash flow (TTM): | $54.34M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 15,437,891 as of Feb 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |