Equity Bancshares, Inc. (EQBK)

Equity Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	245.82	211.21	160.86	137.33	134.66
Interest Income on Investments	51.03	35.5	27.39	20.03	20.9
Total Interest Income	296.84	246.71	188.25	157.37	155.56
Interest Paid on Deposits	90.41	70.47	16.32	8.26	16.58
Interest Paid on Borrowings	20.27	17.22	9.1	6.53	6.33
Total Interest Expense	110.68	87.69	25.42	14.79	22.91
Net Interest Income	186.16	159.02	162.83	142.58	132.65
Net Interest Income Growth (YoY)	17.07%	-2.34%	14.20%	7.48%	5.40%
Mortgage Banking Activities	0.86	0.65	1.42	3.31	3.15
Gain (Loss) on Sale of Assets	-	0.1	0.04	0.02	-0.01
Gain (Loss) on Sale of Investments	0.22	-51.91	0.01	0.41	0.01
Gain (Loss) on Sale of Equity Investments	-	-0.22	-0.22	-0.22	-0.21
Other Non-Interest Income	35.61	32.35	33.8	28.77	20.92
Total Non-Interest Income	36.69	-19.03	35.04	32.28	23.87
Non-Interest Income Growth (YoY)	-	-	8.55%	35.21%	-4.54%
Revenues Before Loan Losses	222.85	139.99	197.87	174.85	156.52
Provision for Loan Losses	2.55	1.87	0.13	-8.48	24.26
Revenue	220.31	138.12	197.74	183.33	132.27
Revenue Growth (YoY)	59.51%	-30.15%	7.86%	38.61%	-0.18%
Salaries and Employee Benefits	72.79	61.78	58.71	54.2	54.13
Occupancy Expenses	14.37	11.47	11.32	9.52	8.02
Federal Deposit Insurance	2.48	2.2	1.14	1.67	2.09
Amortization of Goodwill & Intangibles	4.29	3.37	4.04	4.17	3.85
Selling, General & Administrative	36.97	36.08	33.88	25.36	21.85
Other Non-Interest Expense	16.32	19.97	18.15	15.2	11.61
Total Non-Interest Expense	139.7	135.41	127.83	109.92	103.85
EBT Excluding Unusual Items	80.61	2.71	69.91	73.41	28.42
Other Unusual Items	2.13	-	0.96	0.21	2.15
Pretax Income	78.28	2.42	70.28	64.44	-74.57
Income Tax Expense	15.66	-5.41	12.59	11.96	0.4
Net Income	62.62	7.82	57.69	52.48	-74.97
Net Income to Common	62.62	7.82	57.69	52.48	-74.97
Net Income Growth	700.68%	-86.44%	9.92%	-	-
Basic Shares Outstanding	15	16	16	15	15
Diluted Shares Outstanding	16	16	16	15	15
Shares Change (YoY)	0.15%	-4.80%	7.39%	1.38%	-4.70%
EPS (Basic)	4.04	0.50	3.56	3.49	-4.97
EPS (Diluted)	4.00	0.50	3.51	3.43	-4.97
EPS Growth	700.00%	-85.75%	2.33%	-	-
Dividend Per Share	0.540	0.440	0.360	0.160	-
Dividend Growth	22.73%	22.22%	125.00%	-	-
Effective Tax Rate	20.00%	-	17.92%	18.55%	-

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