Equity Bancshares, Inc. (EQBK)

Equity Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	237.37	211.21	160.86	137.33	134.66	149.3
Interest Income on Investments	48.79	35.5	27.39	20.03	20.9	26.2
Total Interest Income	286.16	246.71	188.25	157.37	155.56	175.5
Interest Paid on Deposits	89.27	70.47	16.32	8.26	16.58	40.91
Interest Paid on Borrowings	20.73	17.22	9.1	6.53	6.33	8.73
Total Interest Expense	110	87.69	25.42	14.79	22.91	49.64
Net Interest Income	176.16	159.02	162.83	142.58	132.65	125.86
Net Interest Income Growth (YoY)	9.02%	-2.34%	14.20%	7.48%	5.40%	0.85%
Mortgage Banking Activities	0.85	0.65	1.42	3.31	3.15	2.47
Gain (Loss) on Sale of Assets	0.3	0.1	0.04	0.02	-0.01	0.02
Gain (Loss) on Sale of Investments	-50.4	-51.91	0.01	0.41	0.01	0.01
Gain (Loss) on Sale of Equity Investments	-0.14	-0.22	-0.22	-0.22	-0.21	-
Other Non-Interest Income	34.15	32.35	33.8	28.77	20.92	22.51
Total Non-Interest Income	-15.24	-19.03	35.04	32.28	23.87	25.01
Non-Interest Income Growth (YoY)	-	-	8.55%	35.21%	-4.54%	25.62%
Revenues Before Loan Losses	160.91	139.99	197.87	174.85	156.52	150.87
Provision for Loan Losses	3.16	1.87	0.13	-8.48	24.26	18.35
Revenue	157.76	138.12	197.74	183.33	132.27	132.51
Revenue Growth (YoY)	-18.15%	-30.15%	7.86%	38.61%	-0.18%	-5.85%
Salaries and Employee Benefits	67.91	61.78	58.71	54.2	54.13	49.25
Occupancy Expenses	13.34	11.47	11.32	9.52	8.02	8.67
Federal Deposit Insurance	2.48	2.2	1.14	1.67	2.09	1.23
Amortization of Goodwill & Intangibles	3.97	3.37	4.04	4.17	3.85	3.17
Selling, General & Administrative	39.7	36.08	33.88	25.36	21.85	24.23
Other Non-Interest Expense	17.05	19.97	18.15	15.2	11.61	11.48
Total Non-Interest Expense	136.89	135.41	127.83	109.92	103.85	98.74
EBT Excluding Unusual Items	20.87	2.71	69.91	73.41	28.42	33.77
Other Unusual Items	2.13	-	0.96	0.21	2.15	-
Pretax Income	18.24	2.42	70.28	64.44	-74.57	32.86
Income Tax Expense	0.9	-5.41	12.59	11.96	0.4	7.28
Net Income	17.34	7.82	57.69	52.48	-74.97	25.58
Net Income to Common	17.34	7.82	57.69	52.48	-74.97	25.58
Net Income Growth	-63.68%	-86.44%	9.92%	-	-	-28.60%
Basic Shares Outstanding	15	16	16	15	15	16
Diluted Shares Outstanding	15	16	16	15	15	16
Shares Change (YoY)	-2.14%	-4.80%	7.39%	1.38%	-4.70%	0.86%
EPS (Basic)	1.13	0.50	3.56	3.49	-4.97	1.64
EPS (Diluted)	1.12	0.50	3.51	3.43	-4.97	1.61
EPS Growth	-62.81%	-85.75%	2.33%	-	-	-29.39%
Dividend Per Share	0.510	0.440	0.360	0.160	-	-
Dividend Growth	21.43%	22.22%	125.00%	-	-	-
Effective Tax Rate	4.96%	-	17.92%	18.55%	-	22.15%

Source: S&P Capital IQ. Banks template. Financial Sources.