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.
No risks detected for EQBK from our risk checks.
Undervalued with excellent balance sheet.
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.
7 Day Return
1 Year Return
Return vs Industry: EQBK underperformed the US Banks industry which returned 1.2% over the past year.
Return vs Market: EQBK underperformed the US Market which returned 10.2% over the past year.
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
2 weeks ago | Simply Wall StHow Many Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Did Insiders Buy, In The Last Year?
1 month ago | Simply Wall StHow Should Investors React To Equity Bancshares, Inc.'s (NASDAQ:EQBK) CEO Pay?
1 month ago | Simply Wall StInvestors Who Bought Equity Bancshares (NASDAQ:EQBK) Shares A Year Ago Are Now Down 13%
Is Equity Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQBK ($27.74) is trading below our estimate of fair value ($35.54)
Significantly Below Fair Value: EQBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQBK is poor value based on its PE Ratio (16.9x) compared to the Banks industry average (12.1x).
PE vs Market: EQBK is good value based on its PE Ratio (16.9x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: EQBK is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: EQBK is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
How is Equity Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQBK's forecast earnings growth (19.6% per year) is above the savings rate (1.7%).
Earnings vs Market: EQBK's earnings (19.6% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: EQBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: EQBK's revenue (9.1% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: EQBK's revenue (9.1% 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 (7.5%).
How has Equity Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQBK has high quality earnings.
Growing Profit Margin: EQBK's current net profit margins (19.3%) are lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: EQBK's earnings have grown significantly by 27.5% 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 (-28.6%) over the past year, making it difficult to compare to the Banks industry average (11.9%).
Return on Equity
High ROE: EQBK's Return on Equity (5.4%) is considered low.
Return on Assets
Return on Capital Employed
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
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 0.3x 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 (0.77%)
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Elliott (53yo)
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 ($USD1.75M).
Compensation vs Earnings: Brad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||8.2yrs||US$2.18m||0.45% $1.9m|
|Executive VP & COO||1.9yrs||no data||0.036% $151.5k|
|Executive VP & Chief Information Officer||2.5yrs||no data||0.0062% $26.0k|
|Executive VP & General Counsel||1.3yrs||no data||0.014% $58.1k|
|Senior VP & Senior Director of Marketing||0yrs||no data||no data|
|Executive VP of Strategic Initiatives & Secretary||0yrs||US$244.11k||0.28% $1.2m|
|Community Markets President||0yrs||no data||0.17% $708.2k|
|Executive VP & Chief Credit Officer||1.9yrs||no data||0.0021% $9.0k|
|Executive Vice President of Trust & Wealth Management||0yrs||no data||0.013% $55.6k|
Experienced Management: EQBK's management team is considered experienced (2.2 years average tenure).
|Executive VP||8.2yrs||US$2.18m||0.45% $1.9m|
|Independent Director||6.1yrs||US$34.40k||0.062% $259.4k|
|Independent Director||13.1yrs||US$41.30k||0.18% $760.7k|
|Independent Director||3.3yrs||US$33.60k||0.88% $3.7m|
|Independent Director||17.1yrs||US$39.20k||0.095% $396.9k|
|Independent Director||13.1yrs||US$64.90k||0.14% $588.3k|
|Independent Director||6.1yrs||US$43.70k||0.13% $559.0k|
|Independent Director||17.1yrs||US$58.40k||0.84% $3.5m|
Experienced Board: EQBK's board of directors are seasoned and experienced ( 10.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EQBK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equity Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Equity Bancshares, Inc.
- Ticker: EQBK
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$419.934m
- Shares outstanding: 15.44m
- Website: https://www.equitybank.com
Number of Employees
- Equity Bancshares, Inc.
- 7701 East Kellogg Drive
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EQBK||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Nov 2015|
|44X||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Nov 2015|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:49|
|End of Day Share Price||2020/02/27 00:00|
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.