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Friday 6 November 2026 Export EQBK’s income statement to Excel — free account

Equity Bancshares, Inc.

EQBK Financial Banks Regional

Equity Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $314.8 million, down 6.21% from fiscal 2024.

Revenue
+40.0%
EPS
+47.1%
Free cash flow
+40.8%
Total debt
+18.6%

Quarter to June 2026, against a year earlier

49.12 0.31 +0.64%
Market cap
$1.0B
P/E
28.8×
Fwd P/E
10.6×
Dividend yield
1.55%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.37
Sold, $m 1.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — 1 — — 2 1 — 1 —
Sell — — — 1 — 1 1 3 1 — — —
Insider Ownership 19.47%

Capital & Financial Ratios $m

Size
Market Cap 1,010.00
Revenue ttm 380.41
Net income ttm 35.83
Free cash flow ttm 43.29
Net debt Q (63.32)
Valuation
P/E 28.76
Forward P/E 10.60
Price / sales 2.65
Forward P/S Powerpack
Price / FCF 23.29
Price / book 1.22
Financial health
Current ratio Q 0.93
Debt / equity Q 0.58
Interest coverage Q —
Growth
Revenue growth Q +39.99% (above 0%: growing)
Operating income growth Q +80.89% (above 0%: growing)
EPS, this year +274.10% (at or above 15%: strong)
EPS, next year A +17.57% (at or above 15%: strong)
Revenue, next year A +8.42%
EPS, past 5 yrs —
EPS, next 5 yrs A +67.65% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 78.26%
10-year low 10-year high
P/S against its own 10 years 63.33%
10-year low 10-year high
P/B against its own 10 years 69.97%
10-year low 10-year high

Dividends raised every year since 2021

Yield
1.55%
Annual rate
0.76
Payout ratio
45.5%
Growth, 2021–25
+42.5%/yr
  1. 0.16 ’21
  2. 0.36 ’22 +125
  3. 0.44 ’23 +22
  4. 0.54 ’24 +23
  5. 0.66 ’25 +22
  6. 0.79 ’26e +20
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 379 384 608 547
Receivables — — — —
Inventory — — — —
Other — — — —
3,694 3,871 4,789 5,929
2023 2024 2025 Q'26
Payables 4,145 4,375 5,138 6,304
ST’ Debt — — — —
Other — — — —
4,189 4,412 5,178 6,347

Compound Annual Growth %

10y 5y 3y
Sales 17.49% 11.63% 11.98%
Cash Flow 14.20% 3.32% (11.49%)
Earnings 8.42% 0.00% (26.69%)
Book Value 15.91% 12.42% 21.31%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.31 Actual 1.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.99 1.21 Beat by 0.22
Q4 FY25 1.22 1.26 Beat by 0.04
Q2 FY26 1.24 1.41 Beat by 0.17
Q3 FY26 1.31 1.40 Beat by 0.09
Q4 FY26 1.30 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.80 1.27 — — —
’25 0.85 0.86 (1.55) 1.15 1.23
’24 0.90 0.76 1.28 1.04 4.00
’23 0.77 0.74 0.80 (1.84) 0.50
’22 0.93 0.94 0.93 0.72 3.51
’21 1.02 1.03 0.80 0.61 3.43
’20 0.08 0.11 (6.01) 0.84 (4.97)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 118 116 — — —
’25 85 83 47 100 315
’24 83 84 84 84 336
’23 65 68 74 21 228
’22 52 53 58 62 224
’21 43 47 50 50 190
’20 46 44 44 48 182
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 15 39 — — —
’25 22 28 8 (7) 51
’24 13 16 23 22 74
’23 19 19 25 13 77
’22 8 35 15 16 74
’21 24 24 32 23 103
’20 9 16 12 7 44
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 14 37 — — —
’25 25 26 5 (12) 44
’24 11 17 20 18 67
’23 15 17 19 10 61
’22 28 35 23 14 101
’21 22 22 32 22 98
’20 7 13 12 4 36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 72 118 181 200 182 190 224 228 336 315 380 +17.8% 341 413 429 +10.9%
Gross margin, % 87.27 85.87 79.72 75.24 87.38 92.22 88.66 61.47 67.03 66.72 67.33 (20.5) pt
EBT 14 31 46 33 (75) 64 70 2 78 26 45 +7.4%
EBT margin, % 19.19 26.26 25.47 16.39 (41.07) 33.88 31.35 1.06 23.32 8.38 11.86 (10.8) pt
Net income 9 21 36 26 (75) 52 58 8 63 23 36 +10.3%
Per share, $
Per share, $ Revenue 8.38 9.49 11.78 12.84 12.03 12.66 13.83 14.65 21.67 17.21 18.44 +8.3%
Earnings 1.09 1.66 2.33 1.64 (4.97) 3.49 3.56 0.50 4.04 1.24 1.70 +1.4%
Cash flow 1.80 2.22 2.38 3.11 2.89 6.84 4.57 4.93 4.77 2.81 2.69 +5.0%
Capex (0.30) (0.54) (0.48) (0.42) (0.50) (0.33) 1.64 (1.02) (0.44) (0.39) (0.60) +3.0%
Free cash flow 1.50 1.68 1.90 2.69 2.39 6.51 6.21 3.90 4.32 2.42 2.10 +5.4%
Book value 29.91 30.06 29.62 30.61 27.00 33.33 25.29 29.15 38.28 40.01 40.11 +3.3%
Shares, m 9 12 15 16 15 15 16 16 15 18 20 +8.7%
Valuation, ×
Valuation, × P/E 28.89 21.36 15.13 18.71 0.00 9.58 9.13 70.35 10.50 33.32 28.76 21.7
P/S 3.90 3.76 2.99 2.41 1.80 2.68 2.35 2.31 1.96 2.60 2.65 2.7
P/B 1.09 1.19 1.19 1.01 0.80 1.02 1.29 1.16 1.11 1.12 1.22 1.1
EV/Sales 7.14 6.37 4.19 3.68 0.79 1.82 2.93 2.12 1.64 1.93 — 3.3
EV/FCF 39.81 35.96 25.91 17.60 3.97 3.53 6.54 7.95 8.19 13.73 — 16.3
Cash, $m
Cash, $m Operating cash flow 16 28 37 49 44 103 74 77 74 51 56 +14.2%
Capex (3) (7) (7) (7) (8) (5) 27 (16) (7) (7) (12) +12.0%
Free cash flow 13 21 29 42 36 98 101 61 67 44 43 +14.6%
Balance, $m
Balance, $m Working capital (223) (240) (391) (441) (616) (1,087) (897) (495) (541) (390) (418) +6.4%
Net debt 234 308 217 256 (183) (164) 131 (42) (108) (210) (63) n/m
Shareholders’ equity 258 374 456 478 408 501 410 453 593 732 827 +12.3%
Returns, %
Returns, % ROA 0.50 0.77 0.99 0.64 (1.88) 1.15 1.14 0.16 1.21 0.39 0.55 (0.1) pt
ROIC 2.43 3.33 4.98 2.87 (20.67) 13.67 8.19 0.41 10.67 4.13 4.80 +1.7 pt
ROE 4.59 6.53 8.63 5.48 (16.93) 11.56 12.67 1.81 11.98 3.43 4.90 (1.2) pt
People
People Employees 415 526 627 607 623 702 732 717 810 909 — +9.1%
Revenue/emp, $m 0.17 0.22 0.29 0.33 0.29 0.27 0.31 0.32 0.41 0.35 — +7.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Equity Bancshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MCBS MetroCity Bankshares, Inc. $1.0B 11.8× 11.4× +23.15% (above 0%: growing) +23.53% (above 0%: growing) −202.65% (below 0%: shrinking) 64.69% 0.00% Compare
MBWM Mercantile Bank Corporation $1.0B 10.8× 10.7× +6.81% (above 0%: growing) −4.79% (below 0%: shrinking) +122.41% (above 0%: growing) 71.37% 0.00% Compare
BFST Business First Bancshares, Inc. $1.0B 11.3× 11.0× +7.42% (above 0%: growing) +3.47% (above 0%: growing) +38.67% (above 0%: growing) 66.54% 0.00% Compare
EGBN Eagle Bancorp, Inc. $1.0B 23.6× 16.6× −14.05% (below 0%: shrinking) n/m +207.40% (above 0%: growing) 54.04% 0.00% Compare
SBSI Southside Bancshares, Inc. $1.0B 10.4× 9.6× +34.14% (above 0%: growing) +487.50% (above 0%: growing) +73.84% (above 0%: growing) 61.38% 0.00% Compare
EQBK Equity Bancshares, Inc. $1.0B 28.8× 10.6× +39.99% (above 0%: growing) +47.13% (above 0%: growing) +40.78% (above 0%: growing) 70.70% 0.00%
CAC Camden National Corporation $978.7M 10.8× 10.8× −1.32% (below 0%: shrinking) +8.80% (above 0%: growing) −13.69% (below 0%: shrinking) 73.23% 0.00% Compare
CPF CPB Inc. $977.8M 11.5× 11.4× −0.51% (below 0%: shrinking) +28.99% (above 0%: growing) +31.44% (above 0%: growing) 82.63% 0.00% Compare
HAFC Hanmi Financial Corporation $959.5M 10.6× 10.2× +2.24% (above 0%: growing) +10.38% (above 0%: growing) +48.02% (above 0%: growing) 65.09% 0.00% Compare
Median of peers $1.0B 11.1× 10.9× +4.53% +10.38% +43.35% 65.82% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 12 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.07m 3.11m 216.80
2024 2.96m 3.62m 203.40
2023 2.65m 2.82m 161.50
2022 2.51m 2.39m 153.70
2021 2.30m 2.69m 157.90

Ownership

Directors and executive officers, together 14.50%
Entities affiliated with T. Rowe Price Associates, Inc 9.30%
C. Kendric Fergeson 8.20%
Entities affiliated with Black Rock, Inc. 5.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Equity Bancshares, Inc. (EQBK) Latest News

23 Oct

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15 Jul

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25 May

Impact 3 · · Simply Wall St.

22 Apr

Impact 4 · · The Motley Fool transcript

16 Apr

Impact 4 · · GuruFocus.com

15 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · MarketBeat

14 Apr

Impact 3 · · Zacks
stockrow.com/EQBK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com