Equity Bancshares Management
Management criteria checks 3/4
Equity Bancshares' CEO is Brad Elliott, appointed in Nov 2002, has a tenure of 22.08 years. total yearly compensation is $2.65M, comprised of 29.5% salary and 70.5% bonuses, including company stock and options. directly owns 1.66% of the company’s shares, worth $12.36M. The average tenure of the management team and the board of directors is 1.9 years and 5.7 years respectively.
Key information
Brad Elliott
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 29.5% |
| CEO tenure | 22.1yrs |
| CEO ownership | 1.7% |
| Management average tenure | 1.9yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
Equity Bancshares (NYSE:EQBK) Has Announced A Dividend Of $0.15
Dec 20
Equity Bancshares' (NYSE:EQBK) Upcoming Dividend Will Be Larger Than Last Year's
Sep 21Equity Bancshares GAAP EPS of $0.93 beats by $0.12, revenue of $50.91M beats by $2.43M
Oct 18Equity Bancshares raises dividend by 25% to $0.10/share; approves 1M shares repurchase program
Sep 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| 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 about average for companies of similar size in the US market ($USD3.24M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
CEO
Brad Elliott (58 yo)
22.1yrs
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 |
|---|---|---|---|---|
| Founder | 22.1yrs | US$2.65m | 1.66% $ 12.4m | |
| Executive VP & CFO | 1.3yrs | US$616.20k | 0.057% $ 426.2k | |
| Executive VP & COO | less than a year | US$731.69k | 0.26% $ 1.9m | |
| Executive VP & General Counsel | 6.2yrs | US$722.23k | 0.10% $ 757.5k | |
| Executive VP & Chief Information Officer | 1.4yrs | no data | 0.0035% $ 26.3k | |
| Chief Administrative Officer | 21.9yrs | no data | no data | |
| VP and Director of Corporate Development & Investor Relations | less than a year | no data | no data | |
| Executive VP & Chief Human Resources Officer | 1.5yrs | no data | 0.0039% $ 28.9k | |
| Senior Regional CEO of Metro Markets | no data | no data | no data | |
| Community Markets Regional CEO of Missouri | 1.9yrs | no data | no data | |
| Regional CEO of Community West | 1.9yrs | no data | no data | |
| Chief Deposit Strategy Officer | 1.9yrs | no data | no data |
1.9yrs
Average Tenure
55yo
Average Age
Experienced Management: EQBK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.1yrs | US$2.65m | 1.66% $ 12.4m | |
| CEO & Director of Equity Bank | no data | no data | 0.011% $ 84.0k | |
| Independent Director | 17.9yrs | US$82.50k | 0.23% $ 1.7m | |
| Independent Director | 8.1yrs | US$70.50k | 0.79% $ 5.8m | |
| Director | 13yrs | US$263.01k | 0.66% $ 4.9m | |
| Independent Director | 4.7yrs | US$69.67k | 0.097% $ 723.9k | |
| Independent Director | 2.7yrs | US$76.67k | 0.15% $ 1.1m | |
| Independent Director | 4.7yrs | US$68.50k | 0.069% $ 513.8k | |
| Independent Director | 5.7yrs | US$72.00k | 0.35% $ 2.6m | |
| Independent Director | 21.9yrs | US$114.50k | 0.79% $ 5.9m | |
| Independent Director | 3.2yrs | US$70.83k | 0.22% $ 1.7m | |
| Independent Director | 3.7yrs | US$78.17k | 0.13% $ 982.2k |
5.7yrs
Average Tenure
62yo
Average Age
Experienced Board: EQBK's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 22:27 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Equity Bancshares, Inc. is covered by 9 analysts. 5 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 |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |
| Stephen Moss | FBR Capital Markets & Co. |