Equity Bancshares Management
Management criteria checks 4/4
Equity Bancshares' CEO is Brad Elliott, appointed in Nov 2002, has a tenure of 23.58 years. total yearly compensation is $3.07M, comprised of 27.9% salary and 72.1% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth $16.11M. The average tenure of the management team and the board of directors is 2.9 years and 6.2 years respectively.
Key information
Brad Elliott
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 27.91% |
| CEO tenure | 23.6yrs |
| CEO ownership | 1.6% |
| Management average tenure | 2.9yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 07
EQBK: Earnings Quality And Capital Discipline Will Support Future Market Confidence
Analyst price targets for Equity Bancshares have shifted slightly, with recent research indicating a modest net change of about $1 as analysts weigh differing views on valuation drivers and earnings potential. Analyst Commentary Recent price target changes for Equity Bancshares point to mixed views on how much upside is left at current levels, even though the net shift is only about US$1.Narrative Update • May 24
EQBK: Earnings Quality Resilience And Credit Discipline Will Support Future P/E
Analysts have made only a modest adjustment to Equity Bancshares' price targets, with a $1 move in opposite directions. This reflects updated views on earnings quality, margin resilience and valuation, rather than a major shift in outlook.Narrative Update • Apr 24
EQBK: Future P/E Reset And Credit Discipline Will Support Earnings Quality
Analysts now see Equity Bancshares' fair value edging from $52.33 to $51.60, reflecting updated views on discount rates, revenue growth, profit margins, and a lower future P/E after mixed price target moves from Piper Sandler and DA Davidson that resulted in a net $1 change. Analyst Commentary Recent Street research on Equity Bancshares sends mixed signals, with one group of analysts lifting their price target by $1 and another trimming theirs by $1.Seeking Alpha • Apr 21
Equity Bancshares: A High-Return Bank Trading At A Deep Discount
Summary Equity Bancshares is a community bank with a high-return, acquisition-driven franchise trading at a discounted 9x forward P/E. Recent Q1’26 results highlight 16.1% core ROATCE, strong loan growth, and improving efficiency, signaling robust underlying earnings power despite integration noise. Management targets cost synergies, margin normalization, organic loan growth, and expanding fee income across new markets. EQBK’s disciplined acquisition track record, and multiple near-term catalysts position it for market-beating total returns as integration headwinds fade. Read the full article on Seeking AlphaNarrative Update • Apr 10
EQBK: Acquisition Synergies Will Support Premium P/E Multiples And Earnings Quality
Analysts have slightly trimmed the implied fair value for Equity Bancshares to about $52.33 per share from $53.00, even as several recent price target increases reflect views that acquisition synergies and profitability metrics can support premium valuation multiples. Analyst Commentary Recent research updates cluster around higher price targets for Equity Bancshares, with the most specific move being a lift to US$57 from US$56.Narrative Update • Mar 27
EQBK: Acquisition Synergies And Profitability Metrics Will Support Premium P/E Multiples
Analysts have nudged their average price target on Equity Bancshares up by $2 in recent research updates, citing expectations that management can continue to realize acquisition synergies and maintain strong profitability metrics. Analyst Commentary Recent research updates cluster around a similar message, with bullish analysts adjusting targets modestly higher and tying those moves to expectations around acquisition execution and profitability.Narrative Update • Mar 13
EQBK: Acquisition Synergies Will Support Premium P/E Multiples Over Time
Analysts have lifted their price targets on Equity Bancshares by about $1 to $2, citing expectations that recent acquisitions and related synergies could support premium P/E multiples and sustained profitability metrics. Analyst Commentary Recent research updates cluster around a similar view, with several bullish analysts lifting their price targets by about $1 to $2 and highlighting how recent deals could influence the valuation story for Equity Bancshares.Narrative Update • Feb 26
EQBK: Acquisition Synergies And Top Tier Returns Will Support Premium Multiples
Analysts have nudged their price targets on Equity Bancshares higher, with one raising the goal to $57. They point to potential premium P/E multiples supported by anticipated cost and revenue benefits from recent acquisitions and management's focus on keeping profitability metrics near the top of the peer group.Narrative Update • Feb 10
EQBK: Acquisition Synergies Will Support Future Premium Multiples Over The Next Year
Narrative Update on Equity Bancshares Analysts have inched their blended price target for Equity Bancshares higher by about US$0.20, reflecting modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions, informed in part by recent target increases from several firms. Analyst Commentary Recent research on Equity Bancshares has focused on how the latest acquisitions, and the integration work that follows, could affect the company’s valuation and earnings profile.Narrative Update • Jan 26
EQBK: Acquisition Synergies And Share Repurchases Will Support Future Premium Multiples
Narrative Update on Equity Bancshares Analysts have lifted their implied fair value estimate for Equity Bancshares by about $0.80 per share, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E multiples following recent price target increases across the Street. Analyst Commentary Recent Street research on Equity Bancshares centers on refreshed price targets and how the market might value the bank as it executes on its acquisition plans.Narrative Update • Jan 11
EQBK: Share Repurchases And Stable Outlook Will Support Premium Multiples
Analysts have slightly lifted their price target for Equity Bancshares to US$52.20. The change is linked to small adjustments in the discount rate, revenue growth, profit margin, and future P/E assumptions rather than any single major shift in the story.Narrative Update • Dec 19
EQBK: Acquisitions And Portfolio Restructuring Will Support Premium Multiples Amid Balanced Outlook
Analysts have nudged their price target on Equity Bancshares higher, lifting fair value by approximately $2.00 per share to around $52. This adjustment is based on expectations for premium valuation multiples supported by acquisition synergies, a recently restructured securities portfolio driving top quartile profitability, and sustained mid single digit organic loan growth in expanded Midwest markets.Narrative Update • Dec 05
EQBK: Recent Acquisitions And Portfolio Restructuring Will Support Premium Multiples
Analysts have nudged their price target for Equity Bancshares slightly higher to $54 per share, citing expectations for premium valuation multiples supported by merger synergies, improved profitability from recent securities portfolio restructuring, and steady organic loan growth driven by expansion in key Midwest markets. Analyst Commentary Analyst commentary on Equity Bancshares centers on the durability of its premium valuation case, anchored by merger execution, balance sheet optimization, and disciplined growth in attractive Midwest markets.Narrative Update • Nov 21
EQBK: Recent Acquisitions And Portfolio Restructuring Will Drive Premium Multiples
Analysts have modestly raised their price target for Equity Bancshares, citing confidence in management's recent acquisitions and portfolio restructuring. These actions are expected to boost profitability and support a new target of $54, up from previous targets near $45.Narrative Update • Nov 06
EQBK: Recent Acquisitions And Portfolio Restructuring Will Drive Premium Multiples Ahead
Analysts have modestly raised their price target for Equity Bancshares to $50.20 per share, citing expectations for improved profitability metrics and organic loan growth. These expectations are driven by recent acquisitions, portfolio optimization, and disciplined management.Narrative Update • Oct 23
Analysts Highlight Opportunities and Risks as Equity Bancshares Ups Guidance and Valuation Targets
Analysts have increased their price target for Equity Bancshares from $49.80 to $50.20. They cite stronger projected profitability, improved revenue growth expectations, and benefits from recent acquisitions and portfolio strategies as reasons for the change.Narrative Update • Oct 08
NBC Bank Merger And Digital Advances Will Reshape Midwest Banking
Analysts have raised their fair value estimate for Equity Bancshares from $48.75 to $49.80. They cite improved profitability metrics, successful acquisition integration, and anticipated stable loan growth as key drivers behind the upward revision.Analysis Article • Sep 19
Equity Bancshares (NYSE:EQBK) Is Paying Out A Larger Dividend Than Last Year
Equity Bancshares, Inc. ( NYSE:EQBK ) will increase its dividend on the 15th of October to $0.18, which is 20% higher...Analysis Article • Dec 20
Equity Bancshares (NYSE:EQBK) Has Announced A Dividend Of $0.15
Equity Bancshares, Inc.'s ( NYSE:EQBK ) investors are due to receive a payment of $0.15 per share on 15th of January...
New Narrative • Oct 20
Optimistic Loan Growth And Tactical Mergers To Catalyze Future Earnings Expansion
Effective credit recovery strategies and successful integrations are expected to boost earnings and drive capital expansion.Analysis Article • Sep 21
Equity Bancshares' (NYSE:EQBK) Upcoming Dividend Will Be Larger Than Last Year's
Equity Bancshares, Inc. ( NYSE:EQBK ) has announced that it will be increasing its periodic dividend on the 15th of...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$25m |
| Dec 31 2025 | US$3m | US$858k | US$23m |
| Sep 30 2025 | n/a | n/a | US$18m |
| Jun 30 2025 | n/a | n/a | US$67m |
| Mar 31 2025 | n/a | n/a | US$64m |
| Dec 31 2024 | US$3m | US$804k | US$63m |
| Sep 30 2024 | n/a | n/a | US$17m |
| 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$26m |
Compensation vs Market: Brad's total compensation ($USD3.07M) is about average for companies of similar size in the US market ($USD3.61M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
CEO
Brad Elliott (60 yo)
23.6yrs
Tenure
US$3,073,975
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 |
|---|---|---|---|---|
| Founder | 23.6yrs | US$3.07m | 1.59% $ 16.1m | |
| Executive VP & CFO | 2.8yrs | US$1.01m | 0.085% $ 859.0k | |
| Executive VP & COO | 2.1yrs | US$1.01m | 0.30% $ 3.0m | |
| Executive VP | 1.4yrs | US$1.06m | 0.55% $ 5.6m | |
| CEO & Director of Equity Bank | no data | US$1.83m | 0.029% $ 298.2k | |
| Executive VP & Chief Information Officer | 2.9yrs | no data | 0.0092% $ 93.6k | |
| VP and Director of Corporate Development & Investor Relations | 2.4yrs | no data | no data | |
| Executive VP & General Counsel | 7.7yrs | US$1.06m | 0.12% $ 1.2m | |
| Chief Marketing Officer | less than a year | no data | no data | |
| EVP & Senior Regional CEO of Metro Markets | no data | no data | no data | |
| Community Markets Regional CEO of Missouri | 3.4yrs | no data | no data | |
| Senior VP & Director of Merger Transitions | 3.4yrs | no data | no data |
2.9yrs
Average Tenure
58.5yo
Average Age
Experienced Management: EQBK's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 23.6yrs | US$3.07m | 1.59% $ 16.1m | |
| Executive VP | 14.5yrs | US$1.06m | 0.55% $ 5.6m | |
| CEO & Director of Equity Bank | no data | US$1.83m | 0.029% $ 298.2k | |
| Independent Director | 19.4yrs | US$101.00k | 0.19% $ 2.0m | |
| Independent Director | less than a year | US$73.47k | 8.39% $ 85.0m | |
| Independent Director | 9.6yrs | US$84.20k | 0.66% $ 6.7m | |
| Director | 6.2yrs | US$84.20k | 0.092% $ 935.4k | |
| Independent Director | 4.2yrs | US$96.80k | 0.14% $ 1.4m | |
| Independent Director | 6.2yrs | US$84.20k | 0.069% $ 694.5k | |
| Independent Director | 23.4yrs | US$139.40k | 0.67% $ 6.8m | |
| Independent Director | 4.7yrs | US$88.40k | 0.61% $ 6.2m | |
| Independent Director | 5.2yrs | US$101.00k | 0.12% $ 1.2m |
6.2yrs
Average Tenure
64yo
Average Age
Experienced Board: EQBK's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/30 10:30 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Equity Bancshares, Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Rabatin | Benchmark Company |
| Jeffrey Rulis | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |