Equity Bancshares Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Brad Elliott

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage	29.5%
CEO tenure	22yrs
CEO ownership	1.9%
Management average tenure	1.8yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

Equity Bancshares' (NYSE:EQBK) Upcoming Dividend Will Be Larger Than Last Year's

Sep 21

Equity Bancshares GAAP EPS of $0.93 beats by $0.12, revenue of $50.91M beats by $2.43M

Oct 18

Equity Bancshares raises dividend by 25% to $0.10/share; approves 1M shares repurchase program

Sep 21

CEO Compensation Analysis

How has Brad Elliott's remuneration changed compared to Equity Bancshares's earnings?
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 ($USD2.65M) is about average for companies of similar size in the US market ($USD3.23M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.

CEO

Brad Elliott (58 yo)

22yrs

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
Brad Elliott	Founder	22yrs	US$2.65m	1.89% $ 12.3m
Chris Navratil	Executive VP & CFO	1.3yrs	US$616.20k	0.065% $ 424.7k
Julie Huber	Executive VP & COO	less than a year	US$731.69k	0.29% $ 1.9m
Brett Reber	Executive VP & General Counsel	6.1yrs	US$722.23k	0.12% $ 754.8k
David Pass	Executive VP & Chief Information Officer	1.3yrs	no data	0.0040% $ 26.2k
Patrick Harbert	Chief Administrative Officer	21.8yrs	no data	no data
Brian Katzfey	VP and Director of Corporate Development & Investor Relations	less than a year	no data	no data
Ann Knutson	Executive VP & Chief Human Resources Officer	1.4yrs	no data	0.0044% $ 28.8k
Mark Parman	Senior Regional CEO of Metro Markets	no data	no data	no data
Joshua Means	Community Markets Regional CEO of Missouri	1.8yrs	no data	no data
James Daniel	Regional CEO of Community West	1.8yrs	no data	no data
Jonathan Roop	Chief Deposit Strategy Officer	1.8yrs	no data	no data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: EQBK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Brad Elliott	Founder	22yrs	US$2.65m	1.89% $ 12.3m
Richard Sems	CEO & Director of Equity Bank	no data	no data	0.0033% $ 21.4k
Gregory Gaeddert	Independent Director	17.8yrs	US$82.50k	0.23% $ 1.5m
Jerry Maland	Independent Director	8yrs	US$70.50k	0.89% $ 5.8m
Gregory Kossover	Director	12.9yrs	US$263.01k	0.75% $ 4.9m
Benjamen Hutton	Independent Director	4.6yrs	US$69.67k	0.11% $ 721.4k
James Loving	Independent Director	2.6yrs	US$76.67k	0.15% $ 952.4k
Junetta Everett	Independent Director	4.6yrs	US$68.50k	0.079% $ 512.0k
Randee Koger	Independent Director	5.6yrs	US$72.00k	0.36% $ 2.4m
Shawn Penner	Independent Director	21.8yrs	US$114.50k	0.90% $ 5.8m
Leon Borck	Independent Director	3.1yrs	US$70.83k	0.22% $ 1.4m
Kevin Cook	Independent Director	3.6yrs	US$78.17k	0.15% $ 978.8k

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: EQBK's board of directors are considered experienced (5.6 years average tenure).

Equity Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Independent Director recently bought US$92k worth of stock

Founder notifies of intention to sell stock

Independent Director recently sold US$246k worth of stock

Founder notifies of intention to sell stock

Equity Bancshares, Inc., Annual General Meeting, Apr 23, 2024

Recent updates

Insufficient new directors

New minor risk - Dividend sustainability

Price target increased by 8.2% to US$47.40

Equity Bancshares, Inc. to Report Q3, 2024 Results on Oct 15, 2024

Independent Director recently bought US$92k worth of stock

Equity Bancshares' (NYSE:EQBK) Upcoming Dividend Will Be Larger Than Last Year's

Founder notifies of intention to sell stock

Second quarter dividend of US$0.15 announced

New minor risk - Insider selling

Independent Director recently sold US$246k worth of stock

Founder notifies of intention to sell stock

Price target increased by 14% to US$44.20

New minor risk - Earnings quality

Investor sentiment improves as stock rises 17%

Equity Bancshares, Inc. (NYSE:EQBK) completed the acquisition of KansasLand Bancshares, Inc.

Equity Bancshares, Inc. to Report Q2, 2024 Results on Jul 16, 2024

Upcoming dividend of US$0.12 per share

First quarter dividend of US$0.12 announced

Equity Bancshares, Inc. (NYSE:EQBK) entered into an agreement and plan of merger to acquire KansasLand Bancshares, Inc. for $0.1 million.

Equity Bancshares, Inc. to Report Q1, 2024 Results on Apr 16, 2024

Fourth quarter dividend of US$0.12 announced

Equity Bancshares, Inc., Annual General Meeting, Apr 23, 2024

Founder recently sold US$214k worth of stock

Equity Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.12 per share at 1.4% yield

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2024

Consensus EPS estimates fall by 67%

Investor sentiment improves as stock rises 13%

Equity Bancshares, Inc. (NYSE:EQBK) entered into a definitive merger agreement to acquire Rockhold Bancorp for $44.3 million.

Price target increased by 8.0% to US$29.80

Equity Bancshares, Inc. (NYSE:EQBK) entered into a definitive merger agreement to acquire Rockhold Bancorp for $44.3 million.

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Equity Bancshares, Inc. to Report Q3, 2023 Results on Oct 17, 2023

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on October 16, 2023

Equity Bancshares, Inc. and Equity Bank Announce Executive Changes

Independent Director recently bought US$80k worth of stock

Equity Bancshares, Inc. and Equity Bank Announces Executive Changes

Equity Bancshares, Inc. Announces Resignation of John G. Creech as Executive Vice President and Chief Credit Officer

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 7.1% to US$27.30

Equity Bancshares, Inc. to Report Q2, 2023 Results on Jul 18, 2023

Equity Bancshares, Inc.(NYSE:EQBK) dropped from NASDAQ Composite Index

First quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Price target decreased by 8.2% to US$31.40

High number of new directors

Independent Director recently bought US$70k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 10%

Price target decreased by 7.4% to US$35.20

Equity Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS misses analyst expectations

Equity Bancshares, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Upcoming dividend of US$0.10 per share

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on January 17, 2023

Founder notifies of intention to sell stock

Executive VP exercised options and sold US$56k worth of stock

Price target increased to US$38.50

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Equity Bancshares GAAP EPS of $0.93 beats by $0.12, revenue of $50.91M beats by $2.43M

Equity Bancshares, Inc. to Report Q3, 2022 Results on Oct 18, 2022

Equity Bancshares, Inc. Increases Quarterly Cash Dividend on Common Stock, Payable on October 14, 2022

Equity Bancshares raises dividend by 25% to $0.10/share; approves 1M shares repurchase program

Executive VP notifies of intention to sell stock

Secretary exercised options and sold US$88k worth of stock

Second quarter 2022 earnings: Revenues exceed analyst expectations

Equity Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Equity Bancshares, Inc. to Report Q2, 2022 Results on Jul 19, 2022

Equity Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on July 14, 2022

Executive VP & Chief Risk Officer recently sold US$93k worth of stock