Equity Bancshares
Market Cap
US$458.8m
Last Updated
2019/12/12 00:24 UTC
Data Sources
Company Financials +
Executive Summary
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has Equity Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EQBK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.1%
EQBK
2.7%
US Banks
1.1%
US Market
1 Year Return
-17.9%
EQBK
22.7%
US Banks
17.8%
US Market
Return vs Industry: EQBK underperformed the US Banks industry which returned 22.7% over the past year.
Return vs Market: EQBK underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| EQBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 2.7% | 1.1% |
| 30 Day | 2.7% | 0.9% | 1.4% |
| 90 Day | 4.9% | 10.0% | 3.9% |
| 1 Year | -17.9%-17.9% | 26.3%22.7% | 20.3%17.8% |
| 3 Year | -16.2%-16.2% | 31.8%22.6% | 44.8%35.4% |
| 5 Year | n/a | 80.2%60.2% | 71.3%52.4% |
Price Volatility Vs. Market
How volatile is Equity Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Why Equity Bancshares, Inc.'s (NASDAQ:EQBK) High P/E Ratio Isn't Necessarily A Bad Thing3 weeks ago | Simply Wall St
What Percentage Of Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Do Insiders Own?1 month ago | Simply Wall St
Equity Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsValuation
Is Equity Bancshares undervalued compared to its fair value and its price relative to the market?
18.31x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EQBK ($29.71) is trading above our estimate of fair value ($26.12)
Significantly Below Fair Value: EQBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EQBK is poor value based on its PE Ratio (18.3x) compared to the Banks industry average (12.7x).
PE vs Market: EQBK is good value based on its PE Ratio (18.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: EQBK is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: EQBK is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Equity Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQBK's forecast earnings growth (29.1% per year) is above the savings rate (1.7%).
Earnings vs Market: EQBK's earnings (29.1% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EQBK's revenue (5.4% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: EQBK's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQBK's Return on Equity is forecast to be low in 3 years time (7.9%).
Next Steps
Past Performance
How has Equity Bancshares performed over the past 5 years?
29.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQBK has high quality earnings.
Growing Profit Margin: EQBK's current net profit margins (19.2%) are lower than last year (23%).
Past Earnings Growth Analysis
Earnings Trend: EQBK's earnings have grown significantly by 29.6% per year over the past 5 years.
Accelerating Growth: EQBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EQBK had negative earnings growth (-15.5%) over the past year, making it difficult to compare to the Banks industry average (27.1%).
Return on Equity
High ROE: EQBK's Return on Equity (5.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Equity Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: EQBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: EQBK's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: EQBK's level of assets compared to its equity is low.
Allowance for Bad Loans: EQBK has a low allowance for bad loans.
Low Risk Liabilities: EQBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: EQBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EQBK's loans are broadly funded by customer deposits.
Level of Bad Loans: EQBK has an appropriate level of bad loans (1.96%)
Next Steps
Dividend
What is Equity Bancshares's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate EQBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EQBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EQBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQBK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EQBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Equity Bancshares's salary, the management and board of directors tenure and is there insider trading?
2.0yrs
Average management tenure
CEO
Brad Elliott (53yo)
17.1yrs
Tenure
US$3,356,765
Compensation
Brad S. Elliott is the Founder, Chairman and Chief Executive Officer of Equity Bancshares, Inc. (“Company”). He also serves as Chairman and Chief Executive Officer of Equity Bank (“Bank”). Before founding ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD3.36M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Brad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
2.0yrs
Average Tenure
56yo
Average Age
Experienced Management: EQBK's management team is considered experienced (2 years average tenure).
Board Age and Tenure
10.5yrs
Average Tenure
60yo
Average Age
Experienced Board: EQBK's board of directors are seasoned and experienced ( 10.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$24.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$25.66 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$26.22 |
| Entity | Individual |
| Role | Chief Operating Officer Executive VP & COO |
| Shares | 1,000 |
| Max Price | US$26.31 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$25.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$25.56 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 40 |
| Max Price | US$32.56 |
| Entity | Individual |
| Shares | 28 |
| Max Price | US$32.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$31.75 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.9%.
Management Team
John Blakeney (69yo)
Executive VP & Chief Information Officer
- Tenure: 2.3yrs
Craig Anderson (59yo)
Executive VP & COO
- Tenure: 1.8yrs
Brad Elliott (53yo)
Founder
- Tenure: 17.1yrs
- Compensation: US$3.36m
Brett Reber (60yo)
Executive VP & General Counsel
- Tenure: 1.2yrs
Greg Kossover (56yo)
Executive VP
- Tenure: 8yrs
- Compensation: US$2.18m
John Hanley
Senior VP & Senior Director of Marketing
- Tenure: 0yrs
Julie Huber (49yo)
Executive VP of Strategic Initiatives & Secretary
- Tenure: 0yrs
- Compensation: US$244.11k
Craig Mayo (57yo)
Executive VP & Chief Credit Officer
- Tenure: 1.8yrs
Patrick Harbert (46yo)
Community Markets President
- Tenure: 0yrs
Gaylyn Mcgregor (50yo)
Executive Vice President of Trust & Wealth Management
- Tenure: 0yrs
Board Members
Jeff Bloomer (62yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$34.40k
Greg Gaeddert (58yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: US$41.30k
Jerry Maland (69yo)
Independent Director
- Tenure: 3.1yrs
- Compensation: US$33.60k
Harvey Sorensen (72yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$39.20k
Jim Berglund (84yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: US$64.90k
Brad Elliott (53yo)
Founder
- Tenure: 17.1yrs
- Compensation: US$3.36m
Greg Kossover (56yo)
Executive VP
- Tenure: 8yrs
- Compensation: US$2.18m
Gary Allerheiligen (71yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$43.70k
Randee Koger (58yo)
Director
- Tenure: 0.7yrs
- Compensation: US$32.00k
Shawn Penner (49yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$58.40k
Company Information
Equity Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Equity Bancshares, Inc.
- Ticker: EQBK
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$458.799m
- Shares outstanding: 15.44m
- Website: https://www.equitybank.com
Number of Employees
Location
- Equity Bancshares, Inc.
- 7701 East Kellogg Drive
- Suite 300
- Wichita
- Kansas
- 67207
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EQBK | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Nov 2015 |
Biography
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts vario ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 00:24 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.