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Equity Bancshares

Nasdaq:EQBK
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EQBK
Nasdaq
$420M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Equity Bancshares has significant price volatility in the past 3 months.
EQBK Share Price and Events
7 Day Returns
-1.7%
NasdaqGS:EQBK
-5.7%
US Banks
-3.9%
US Market
1 Year Returns
-33.9%
NasdaqGS:EQBK
-10.9%
US Banks
1.4%
US Market
EQBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Equity Bancshares (EQBK) -1.7% -10.7% -19.5% -33.9% 22.8% -
US Banks -5.7% -3.1% -1% -10.9% 44.6% 47.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • EQBK underperformed the Banks industry which returned -10.9% over the past year.
  • EQBK underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
EQBK
Industry
5yr Volatility vs Market

Value

 Is Equity Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Equity Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Equity Bancshares.

NasdaqGS:EQBK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $31.70 * 7.1%
$2.25
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $31.70
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:EQBK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.632 (1 + (1- 21%) (78.95%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.018 * 5.96%)
8.8%

Discounted Cash Flow Calculation for NasdaqGS:EQBK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Equity Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:EQBK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 8.8%) * $31.70)
$-0.53
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.53 / (8.8% - 2.73%)
$-8.81
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.70 + $-8.81
$22.89
NasdaqGS:EQBK Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.89
Current discount Discount to share price of $26.52
= -1 x ($26.52 - $22.89) / $22.89
-15.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Equity Bancshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Equity Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Equity Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:EQBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.47
NasdaqGS:EQBK Share Price ** NasdaqGS (2019-05-15) in USD $26.52
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.8x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Equity Bancshares.

NasdaqGS:EQBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:EQBK Share Price ÷ EPS (both in USD)

= 26.52 ÷ 1.47

18.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equity Bancshares is overvalued based on earnings compared to the US Banks industry average.
  • Equity Bancshares is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Equity Bancshares's expected growth come at a high price?
Raw Data
NasdaqGS:EQBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
43.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.42x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:EQBK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.06x ÷ 43.7%

0.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equity Bancshares is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Equity Bancshares's assets?
Raw Data
NasdaqGS:EQBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $28.66
NasdaqGS:EQBK Share Price * NasdaqGS (2019-05-15) in USD $26.52
United States of America Banks Industry PB Ratio Median Figure of 597 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:EQBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:EQBK Share Price ÷ Book Value per Share (both in USD)

= 26.52 ÷ 28.66

0.93x

* Primary Listing of Equity Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equity Bancshares is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Equity Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Equity Bancshares has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Equity Bancshares expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
43.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Equity Bancshares expected to grow at an attractive rate?
  • Equity Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Equity Bancshares's earnings growth is expected to exceed the United States of America market average.
  • Equity Bancshares's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:EQBK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:EQBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 43.7%
NasdaqGS:EQBK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:EQBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:EQBK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 162 43 4
2019-12-31 151 26 4
NasdaqGS:EQBK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 130 23
2018-12-31 141 37 36
2018-09-30 131 12 30
2018-06-30 118 2 25
2018-03-31 107 36 24
2017-12-31 98 28 21
2017-09-30 88 19 17
2017-06-30 79 22 14
2017-03-31 68 18 11
2016-12-31 61 16 9
2016-09-30 57 16 11
2016-06-30 56 15 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Equity Bancshares's earnings are expected to grow significantly at over 20% yearly.
  • Equity Bancshares's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:EQBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Equity Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EQBK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.68 2.76 2.55 4.00
2019-12-31 1.63 1.76 1.55 4.00
NasdaqGS:EQBK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.47
2018-12-31 2.33
2018-09-30 2.03
2018-06-30 1.79
2018-03-31 1.86
2017-12-31 1.66
2017-09-30 1.46
2017-06-30 1.36
2017-03-31 1.13
2016-12-31 1.09
2016-09-30 1.44
2016-06-30 1.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Equity Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Equity Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Equity Bancshares has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Equity Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Equity Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Equity Bancshares has delivered over 20% year on year earnings growth in the past 5 years.
  • Equity Bancshares's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Equity Bancshares's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Equity Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Equity Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EQBK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 130.19 23.04 78.46
2018-12-31 140.74 35.83 73.60
2018-09-30 130.91 30.17 67.25
2018-06-30 117.64 25.01 61.28
2018-03-31 107.42 24.50 56.02
2017-12-31 98.49 20.65 51.79
2017-09-30 87.99 16.79 47.32
2017-06-30 78.78 14.31 43.13
2017-03-31 68.39 10.80 39.06
2016-12-31 60.99 9.37 35.16
2016-09-30 57.07 11.46 33.75
2016-06-30 55.59 11.48 32.44
2016-03-31 54.34 11.16 31.56
2015-12-31 52.32 10.12 30.94
2015-09-30 50.67 9.35 31.21
2015-06-30 50.57 8.99 31.81
2015-03-31 49.59 8.44 31.64
2014-12-31 48.89 8.28 31.34
2013-12-31 46.36 6.90 28.89
2012-12-31 28.74 3.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Equity Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Equity Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Equity Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Equity Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Equity Bancshares has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Equity Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Equity Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Equity Bancshares Company Filings, last reported 1 month ago.

NasdaqGS:EQBK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 453.46 331.22 172.20
2018-12-31 455.94 465.45 198.74
2018-09-30 443.24 652.81 68.87
2018-06-30 433.28 631.50 55.22
2018-03-31 381.49 414.42 46.64
2017-12-31 374.14 401.70 55.69
2017-09-30 291.84 235.32 31.21
2017-06-30 286.06 292.51 28.45
2017-03-31 279.21 288.52 39.84
2016-12-31 257.96 293.95 38.85
2016-09-30 161.25 204.57 26.84
2016-06-30 158.19 180.90 51.45
2016-03-31 155.09 131.43 49.83
2015-12-31 167.23 194.31 62.08
2015-09-30 126.05 241.62 28.44
2015-06-30 121.75 214.59 25.38
2015-03-31 120.47 138.00 18.54
2014-12-31 117.73 70.37 37.69
2013-12-31 139.87 43.37 24.64
2012-12-31 138.17 57.55 100.37
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Equity Bancshares has an acceptable proportion of non-loan assets held.
  • Equity Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Equity Bancshares are broadly funded by customer deposits.
  • Equity Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Equity Bancshares has a low allowance for bad loans.
  • Equity Bancshares has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Equity Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Equity Bancshares has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Equity Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Equity Bancshares dividends.
If you bought $2,000 of Equity Bancshares shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Equity Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Equity Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:EQBK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:EQBK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Equity Bancshares has not reported any payouts.
  • Unable to verify if Equity Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Equity Bancshares's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Equity Bancshares has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Equity Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Equity Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Equity Bancshares has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Equity Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Elliott
COMPENSATION $3,356,765
AGE 52
TENURE AS CEO 16.5 years
CEO Bio

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 the Company, Mr. Elliott served as Director of Marketing at Koch Industries, Inc. (“Koch”). Prior to joining Koch, he served as a Regional President at Sunflower Bank (“Sunflower”). Prior to joining Sunflower, Mr. Elliott was employed in various capacities by Home State Bank and Trust for six years following graduation from McPherson College with a Bachelor of Science degree in Finance and Management. Mr. Elliott is also a graduate of the Stonier Graduate School of Banking. He has served on the Board of Directors for the Wichita Area Chamber of Commerce Board of Directors, the Wichita State University Shocker Athletic Scholarship Organization, PCS Advisory Board, Via Christi Health, and the Kansas Bankers Association. Mr. Elliott adds financial services experience, especially lending and asset liability management to the Board of Directors, as well as a deep understanding of the Company’s business and operations. Mr. Elliott also brings risk and operations management and strategic planning expertise to the Board of Directors, skills that are important as we continue to implement our business strategy and acquire and integrate growth opportunities.

CEO Compensation
  • Brad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Brad's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Equity Bancshares management team in years:

2
Average Tenure
56.5
Average Age
  • The tenure for the Equity Bancshares management team is about average.
Management Team

Brad Elliott

TITLE
Founder
COMPENSATION
$3M
AGE
52
TENURE
16.5 yrs

Greg Kossover

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
5.6 yrs

Wendell Bontrager

TITLE
President of Equity Bank
COMPENSATION
$562K
AGE
49
TENURE
2.3 yrs

Craig Anderson

TITLE
Executive VP & COO
AGE
58
TENURE
1.2 yrs

John Blakeney

TITLE
Executive VP & Chief Information Officer
AGE
68
TENURE
1.8 yrs

Jacob Willis

TITLE
Investor Relations Officer
TENURE
1.1 yrs

Brett Reber

TITLE
General Counsel
AGE
59
TENURE
0.6 yrs

John Hanley

TITLE
Senior VP & Senior Marketing Director

Julie Huber

TITLE
Executive VP of Strategic Initiatives & Secretary
COMPENSATION
$244K
AGE
48

Rolando Mayans

TITLE
Executive VP & Chief Risk Officer
AGE
68
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Equity Bancshares board of directors in years:

9.9
Average Tenure
59
Average Age
  • The tenure for the Equity Bancshares board of directors is about average.
Board of Directors

Greg Kossover

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
7.4 yrs

Gary Allerheiligen

TITLE
Director
COMPENSATION
$44K
AGE
70
TENURE
5.3 yrs

Brad Elliott

TITLE
Founder
COMPENSATION
$3M
AGE
52
TENURE
16.5 yrs

Greg Gaeddert

TITLE
Director
COMPENSATION
$41K
AGE
57
TENURE
12.3 yrs

Shawn Penner

TITLE
Director
COMPENSATION
$58K
AGE
48
TENURE
16.3 yrs

Harvey Sorensen

TITLE
Director
COMPENSATION
$39K
AGE
71
TENURE
16.3 yrs

Jim Berglund

TITLE
Director
COMPENSATION
$65K
AGE
83
TENURE
12.3 yrs

Jeff Bloomer

TITLE
Director
COMPENSATION
$34K
AGE
61
TENURE
5.3 yrs

Randee Koger

TITLE
Director
COMPENSATION
$32K
AGE
57
TENURE
0.1 yrs

Jerry Maland

TITLE
Director
COMPENSATION
$34K
AGE
68
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Equity Bancshares insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. May 19 Buy Harvey Sorensen Individual 02. May 19 02. May 19 1,000 $26.22 $26,220
03. May 19 Buy Craig Anderson Individual 01. May 19 01. May 19 1,000 $26.31 $26,310
01. May 19 Buy Harvey Sorensen Individual 29. Apr 19 29. Apr 19 1,000 $25.86 $25,860
29. Apr 19 Buy James Berglund Individual 29. Apr 19 29. Apr 19 1,000 $25.56 $25,560
19. Feb 19 Buy Shawn Penner Individual 14. Feb 19 14. Feb 19 40 $32.56 $1,302
07. Feb 19 Buy Wendell Bontrager Individual 06. Feb 19 06. Feb 19 28 $32.85 $920
01. Feb 19 Buy Gary Allerheiligen Individual 31. Jan 19 31. Jan 19 1,000 $31.75 $31,750
10. Dec 18 Buy Harvey Sorensen Individual 07. Dec 18 07. Dec 18 1,000 $35.56 $35,560
21. Nov 18 Buy Gary Allerheiligen Individual 19. Nov 18 19. Nov 18 1,000 $37.00 $37,000
14. Sep 18 Buy Craig Anderson Individual 13. Sep 18 13. Sep 18 2,000 $40.04 $80,080
11. Sep 18 Sell Patrick Harbert Individual 05. Sep 18 05. Sep 18 -15,300 $40.68 $-622,404
X
Management checks
We assess Equity Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Equity Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Percentage Of Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Do Insiders Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Equity Bancshares is a smaller company with a market capitalization of US$509m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

The Equity Bancshares Share Price Has Gained 62% And Shareholders Are Hoping For More

(NASDAQ:EQBK) shareholders might be concerned after seeing the share price drop 10% in the last quarter. … Equity Bancshares was able to grow its EPS at 14% per year over three years, sending the share price higher. … Quite to the contrary, the share price has arguably reflected the EPS growth.

Simply Wall St -

Risk Factors To Consider Before Investing In Equity Bancshares, Inc. (NASDAQ:EQBK)

As a small-cap bank with a market capitalisation of US$510m, Equity Bancshares, Inc.’s (NASDAQ:EQBK) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Equity Bancshares’s bottom line. … Today we will analyse Equity Bancshares’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Here's What Equity Bancshares, Inc.'s (NASDAQ:EQBK) P/E Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Equity Bancshares has a price to earnings ratio of 16.7, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did Equity Bancshares, Inc. (NASDAQ:EQBK) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Equity Bancshares, Inc. … Over the last year, we can see that the biggest insider sale was by Executive VP & Community Markets President of Equity Bank Patrick Harbert for US$622k worth of shares, at about US$40.68 per share. … That means that an insider was selling shares at around the current price of US$36.85.

Simply Wall St -

How Should Investors Feel About Equity Bancshares Inc's (NASDAQ:EQBK) CEO Pay?

How Does Brad Elliott's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Equity Bancshares Inc has a market cap of US$603m, and is paying total annual CEO compensation of US$1.3m. … When we examined a selection of companies with market caps ranging from US$400m to US$1.6b, we found the median CEO compensation was US$2.2m.

Simply Wall St -

Should You Be Concerned About Equity Bancshares Inc’s (NASDAQ:EQBK) Liquidity?

As a small-cap finance stock with a market capitalisation of US$578m, the risk and profitability of Equity Bancshares Inc (NASDAQ:EQBK) are largely tied to the underlying economic growth of the region it operates in US. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Equity Bancshares to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Equity Bancshares in a safe position in the face of adverse headwinds.

Simply Wall St -

Real Risks To Know Before Investing In Equity Bancshares Inc (NASDAQ:EQBK)

Equity Bancshares Inc (NASDAQ:EQBK) is a small-cap bank with a market capitalisation of US$561m. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Equity Bancshares’s bottom line. … Check out our latest analysis for Equity Bancshares

Simply Wall St -

Equity Bancshares Inc (NASDAQ:EQBK): Is Growth Priced In?

Equity Bancshares Inc (NASDAQ:EQBK) is considered a high-growth stock, but its last closing price of $41.99 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Equity Bancshares is poised for significantly high earnings growth in the near future

Simply Wall St -

Should You Be Concerned About Equity Bancshares Inc’s (NASDAQ:EQBK) Liquidity?

As a small-cap bank stock with a market capitalisation of US$627.62m, Equity Bancshares Inc’s (NASDAQ:EQBK) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Equity Bancshares to vulnerabilities. … High liquidity and low leverage could position Equity Bancshares favourably at the face of macro headwinds.

Simply Wall St -

Company Info

Description

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 various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses. The company’s loan products also comprise various consumer loans to individuals and professionals, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It also provides debit cards; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; ATMs; and treasury management, wire transfer, and automated clearing house and stop payment services. In addition, the company offers cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts, as well as banking services through telephone, mail, and personal appointments. As of February 11, 2019, it operated 52 full-service local bank locations in Kansas, Missouri, Arkansas, and Oklahoma. The company was founded in 2002 and is headquartered in Wichita, Kansas.

Details
Name: Equity Bancshares, Inc.
EQBK
Exchange: NasdaqGS
Founded: 2002
$419,554,435
15,820,303
Website: http://www.equitybank.com
Address: Equity Bancshares, Inc.
7701 East Kellogg Drive,
Suite 300,
Wichita,
Kansas, 67207,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS EQBK Class A Common Stock Nasdaq Global Select US USD 11. Nov 2015
Number of employees
Current staff
Staff numbers
638
Equity Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:44
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/04/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.