Equity Bancshares Management

Management criteria checks 2/4

Equity Bancshares' CEO is Brad Elliott, appointed in Nov 2002, has a tenure of 21.92 years. total yearly compensation is $2.65M, comprised of 29.5% salary and 70.5% bonuses, including company stock and options. directly owns 1.89% of the company’s shares, worth €10.14M. The average tenure of the management team and the board of directors is 1.8 years and 5.5 years respectively.

Key information

Brad Elliott

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage	29.5%
CEO tenure	21.9yrs
CEO ownership	1.9%
Management average tenure	1.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brad Elliott's remuneration changed compared to Equity Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$10m
Mar 31 2024	n/a	n/a	US$10m
Dec 31 2023	US$3m	US$780k	US$8m
Sep 30 2023	n/a	n/a	US$48m
Jun 30 2023	n/a	n/a	US$51m
Mar 31 2023	n/a	n/a	US$54m
Dec 31 2022	US$3m	US$758k	US$58m
Sep 30 2022	n/a	n/a	US$57m
Jun 30 2022	n/a	n/a	US$53m
Mar 31 2022	n/a	n/a	US$53m
Dec 31 2021	US$2m	US$725k	US$52m
Sep 30 2021	n/a	n/a	US$55m
Jun 30 2021	n/a	n/a	-US$48m
Mar 31 2021	n/a	n/a	-US$61m
Dec 31 2020	US$2m	US$715k	-US$75m
Sep 30 2020	n/a	n/a	-US$77m
Jun 30 2020	n/a	n/a	US$23m
Mar 31 2020	n/a	n/a	US$31m
Dec 31 2019	US$2m	US$715k	US$26m
Sep 30 2019	n/a	n/a	US$25m
Jun 30 2019	n/a	n/a	US$25m
Mar 31 2019	n/a	n/a	US$23m
Dec 31 2018	US$4m	US$712k	US$36m
Sep 30 2018	n/a	n/a	US$30m
Jun 30 2018	n/a	n/a	US$25m
Mar 31 2018	n/a	n/a	US$24m
Dec 31 2017	US$1m	US$652k	US$21m

Compensation vs Market: Brad's total compensation ($USD2.65M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.

CEO

Brad Elliott (58 yo)

21.9yrs

Tenure

US$2,646,119

Compensation

Mr. Brad S. Elliott is Founder and Chairman at Equity Bank and served as its CEO until May 2024. He continue to focus on merger and acquisition opportunities while positioning the Company for the next phas...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brad Elliott	Founder	21.9yrs	US$2.65m	1.89% $ 10.1m
Chris Navratil	Executive VP & CFO	1.2yrs	US$616.20k	0.065% $ 349.5k
Julie Huber	Executive VP & COO	less than a year	US$731.69k	0.29% $ 1.6m
Brett Reber	Executive VP & General Counsel	6yrs	US$722.23k	0.12% $ 621.2k
David Pass	Executive VP & Chief Information Officer	1.3yrs	no data	0.0040% $ 21.6k
Patrick Harbert	Chief Administrative Officer	21.8yrs	no data	no data
Brian Katzfey	VP and Director of Corporate Development & Investor Relations	less than a year	no data	no data
Ann Knutson	Executive VP & Chief Human Resources Officer	1.3yrs	no data	0.0044% $ 23.7k
Mark Parman	Senior Regional CEO of Metro Markets	no data	no data	no data
Joshua Means	Community Markets Regional CEO of Missouri	1.8yrs	no data	no data
James Daniel	Regional CEO of Community West	1.8yrs	no data	no data
Jonathan Roop	Chief Deposit Strategy Officer	1.8yrs	no data	no data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 44X's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Brad Elliott	Founder	21.9yrs	US$2.65m	1.89% $ 10.1m
Richard Sems	CEO & Director of Equity Bank	no data	no data	0.0033% $ 17.6k
Gregory Gaeddert	Independent Director	17.8yrs	US$82.50k	0.23% $ 1.2m
Jerry Maland	Independent Director	7.9yrs	US$70.50k	0.89% $ 4.8m
Gregory Kossover	Director	12.8yrs	US$263.01k	0.75% $ 4.0m
Benjamen Hutton	Independent Director	4.5yrs	US$69.67k	0.11% $ 593.6k
James Loving	Independent Director	2.5yrs	US$76.67k	0.15% $ 783.7k
Junetta Everett	Independent Director	4.5yrs	US$68.50k	0.079% $ 421.4k
Randee Koger	Independent Director	5.5yrs	US$72.00k	0.36% $ 1.9m
Shawn Penner	Independent Director	21.8yrs	US$114.50k	0.90% $ 4.8m
Leon Borck	Independent Director	3yrs	US$70.83k	0.22% $ 1.2m
Kevin Cook	Independent Director	3.5yrs	US$78.17k	0.15% $ 805.4k

5.5yrs

Average Tenure

62yo

Average Age

Experienced Board: 44X's board of directors are considered experienced (5.5 years average tenure).

Equity Bancshares Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently bought €83k worth of stock

Independent Director recently sold €227k worth of stock

Equity Bancshares, Inc., Annual General Meeting, Apr 23, 2024

Founder recently sold €198k worth of stock

Equity Bancshares, Inc. and Equity Bank Announce Executive Changes

Independent Director recently bought €73k worth of stock

Recent updates

Equity Bancshares, Inc. to Report Q3, 2024 Results on Oct 15, 2024

Second quarter dividend of US$0.15 announced

Independent Director recently bought €83k worth of stock

New minor risk - Insider selling

Independent Director recently sold €227k worth of stock

New minor risk - Earnings quality

Equity Bancshares, Inc. (NYSE:EQBK) completed the acquisition of KansasLand Bancshares, Inc.

Equity Bancshares, Inc. to Report Q2, 2024 Results on Jul 16, 2024

First quarter dividend of US$0.12 announced

Equity Bancshares, Inc. (NYSE:EQBK) entered into an agreement and plan of merger to acquire KansasLand Bancshares, Inc. for $0.1 million.

Equity Bancshares, Inc. to Report Q1, 2024 Results on Apr 16, 2024

Fourth quarter dividend of US$0.12 announced

Equity Bancshares, Inc., Annual General Meeting, Apr 23, 2024

Founder recently sold €198k worth of stock

Equity Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2024

Investor sentiment improves as stock rises 15%

Equity Bancshares, Inc. (NYSE:EQBK) entered into a definitive merger agreement to acquire Rockhold Bancorp for $44.3 million.

Equity Bancshares, Inc. (NYSE:EQBK) entered into a definitive merger agreement to acquire Rockhold Bancorp for $44.3 million.

Third quarter 2023 earnings released: EPS: US$0.80 (vs US$0.94 in 3Q 2022)

Equity Bancshares, Inc. to Report Q3, 2023 Results on Oct 17, 2023

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on October 16, 2023

Equity Bancshares, Inc. and Equity Bank Announce Executive Changes

Independent Director recently bought €73k worth of stock

Equity Bancshares, Inc. and Equity Bank Announces Executive Changes

Equity Bancshares, Inc. Announces Resignation of John G. Creech as Executive Vice President and Chief Credit Officer

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.74 (vs US$0.95 in 2Q 2022)

Equity Bancshares, Inc. to Report Q2, 2023 Results on Jul 18, 2023

Equity Bancshares, Inc.(NYSE:EQBK) dropped from NASDAQ Composite Index

First quarter 2023 earnings released: EPS: US$0.78 (vs US$0.94 in 1Q 2022)

High number of new directors

Independent Director recently bought €65k worth of stock

Full year 2022 earnings released: EPS: US$3.56 (vs US$3.49 in FY 2021)

Equity Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$3.56 (vs US$3.49 in FY 2021)

Equity Bancshares, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on January 17, 2023

Third quarter 2022 earnings released: EPS: US$0.94 (vs US$0.82 in 3Q 2021)

Equity Bancshares, Inc. to Report Q3, 2022 Results on Oct 18, 2022

Equity Bancshares, Inc. Increases Quarterly Cash Dividend on Common Stock, Payable on October 14, 2022

Secretary recently sold €411k worth of stock

Second quarter 2022 earnings released: EPS: US$0.95 (vs US$1.06 in 2Q 2021)

Equity Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Equity Bancshares, Inc. to Report Q2, 2022 Results on Jul 19, 2022

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on July 14, 2022

Executive VP & Chief Risk Officer recently sold €87k worth of stock

First quarter 2022 earnings released: EPS: US$0.94 (vs US$1.04 in 1Q 2021)

High number of new directors

Equity Bancshares, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

Equity Bancshares, Inc. to Report Q1, 2022 Results on Apr 19, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Equity Bancshares, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2021

Founder recently sold €1.8m worth of stock

Third quarter 2021 earnings released: EPS US$0.82 (vs US$6.01 loss in 3Q 2020)

Equity Bancshares, Inc. Initiates Quarterly Cash Dividend on Common Stock, Payable on October 14, 2021

Executive VP recently sold €310k worth of stock

High number of new directors

Second quarter 2021 earnings released: EPS US$1.05 (vs US$0.11 in 2Q 2020)

Equity Bancshares, Inc. (NasdaqGS:EQBK) entered into definitive agreement to acquire American State Bancshares, Inc. for $83.4 million.

First quarter 2021 earnings released: EPS US$1.04 (vs US$0.082 in 1Q 2020)

First quarter 2021 earnings released: EPS US$1.04 (vs US$0.082 in 1Q 2020)

Equity Bancshares, Inc., Annual General Meeting, Apr 27, 2021

Founder recently sold €513k worth of stock

Full year 2020 earnings released: US$4.97 loss per share (vs US$1.64 profit in FY 2019)

New 90-day high: €21.80

New 90-day high: €20.04

Equity Bancshares, Inc. to Report Q4, 2020 Results on Jan 25, 2021