Saturday 17 October 2026 Export EQBK’s income statement to Excel — free account

Equity Bancshares, Inc.

Equity Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $314.8 million, down 6.21% from fiscal 2024. In the quarter to June 2026, revenue grew 40.0%, EPS grew 47.1%, free cash flow grew 40.8% and total debt rose 18.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

47.51 0.83 +1.78%

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Market cap: $961.3M
P/E: 27.9×
Fwd P/E: 10.2×
Dividend yield: 1.60%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.36

Total sells 1.36

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	1	—	1	—	—	2	1	—	—
Sell	—	—	—	—	1	—	1	1	3	1	—	—

Insider Ownership 19.47%

Capital & Financial Ratios $m

Market Cap 961.26

Revenue 380.41

Net Income 35.83

Free Cash Flow 43.29

Net Debt (63.32)

Current Ratio 0.93

Debt/Equity 0.58

P/E ratio 27.95

Fwd P/E 10.20

P/S ratio 2.58

P/B ratio 1.18

Past 5Y EPS Growth —

This Y EPS Growth 272.82%

Next Y EPS Growth 18.32%

Next Y revenue growth 8.42%

Next 5Y EPS Growth 67.81%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 76.47%

10-year low 10-year high

P/S against its own 10 years 56.73%

10-year low 10-year high

P/B against its own 10 years 63.66%

10-year low 10-year high

Dividends

Payout Ratio 0.46

Annual Dividend Rate 0.76

Annual Dividend Yield 1.60%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.79	0.18 0.18 0.22
2025	0.66	0.15 0.15 0.18 0.18
2024	0.54	0.12 0.12 0.15 0.15
2023	0.44	0.10 0.10 0.12 0.12
2022	0.36	0.08 0.08 0.10 0.10
2021	0.16	0.08 0.08
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.72	29.13	31.32	22.75	12.49	20.95	28.06	20.50	30.44	34.11	Analyst estimates 2026–2028 Powerpack
	High	38.03	36.99	44.30	35.96	30.85	36.00	38.04	34.99	50.85	48.14
People
People	Employees	415	526	627	607	623	702	732	717	810	909
	Revenue/emp, $m	0.17	0.22	0.29	0.33	0.29	0.27	0.31	0.32	0.41	0.35
Income, $m
Income, $m	Revenue	72	118	181	200	182	190	224	228	336	315
	Gross margin, %	87.27	85.87	79.72	75.24	87.38	92.22	88.66	61.47	67.03	66.72
	EBT	14	31	46	33	(75)	64	70	2	78	26
	EBT margin, %	19.19	26.26	25.47	16.39	(41.07)	33.88	31.35	1.06	23.32	8.38
	Net income	9	21	36	26	(75)	52	58	8	63	23
	Depreciation	5	6	9	13	119	19	16	13	8	7
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
	Earnings	1.09	1.66	2.33	1.64	(4.97)	3.49	3.56	0.50	4.04	1.24
	Cash flow	1.80	2.22	2.38	3.11	2.89	6.84	4.57	4.93	4.77	2.81
	Capex	(0.30)	(0.54)	(0.48)	(0.42)	(0.50)	(0.33)	1.64	(1.02)	(0.44)	(0.39)
	Free cash flow	1.50	1.68	1.90	2.69	2.39	6.51	6.21	3.90	4.32	2.42
	Book value	29.91	30.06	29.62	30.61	27.00	33.33	25.29	29.15	38.28	40.01
	Shares, m	9	12	15	16	15	15	16	16	15	18
Valuation, ×
Valuation, ×	P/E	28.89	21.36	15.13	18.71	0.00	9.58	9.13	70.35	10.50	33.32
	P/S	3.90	3.76	2.99	2.41	1.80	2.68	2.35	2.31	1.96	2.60
	P/B	1.09	1.19	1.19	1.01	0.80	1.02	1.29	1.16	1.11	1.12
	EV/Sales	7.14	6.37	4.19	3.68	0.79	1.82	2.93	2.12	1.64	1.93
	EV/FCF	39.81	35.96	25.91	17.60	3.97	3.53	6.54	7.95	8.19	13.73
Cash, $m
Cash, $m	Operating cash flow	16	28	37	49	44	103	74	77	74	51
	Capex	(3)	(7)	(7)	(7)	(8)	(5)	27	(16)	(7)	(7)
	Free cash flow	13	21	29	42	36	98	101	61	67	44
Balance, $m
Balance, $m	Working capital	(223)	(240)	(391)	(441)	(616)	(1,087)	(897)	(495)	(541)	(390)
	Total debt	273	364	415	348	98	96	235	337	276	398
	Net debt	234	308	217	256	(183)	(164)	131	(42)	(108)	(210)
	Shareholders’ equity	258	374	456	478	408	501	410	453	593	732
Returns, %
Returns, %	ROA	0.50	0.77	0.99	0.64	(1.88)	1.15	1.14	0.16	1.21	0.39
	ROIC	2.43	3.33	4.98	2.87	(20.67)	13.67	8.19	0.41	10.67	4.13
	ROE	4.59	6.53	8.63	5.48	(16.93)	11.56	12.67	1.81	11.98	3.43

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BFST Business First Bancshares, Inc.	$1.0B	11.1×	9.9×	+8.01% (above 0%: growing)	0.00%	+80.82% (above 0%: growing)	65.76%	0.00%	Compare
CCNE CNB Financial Corporation	$1.0B	11.0×	8.8×	+33.95% (above 0%: growing)	+49.18% (above 0%: growing)	+101.89% (above 0%: growing)	69.04%	0.00%	Compare
MCBS MetroCity Bankshares, Inc.	$1.0B	12.0×	10.4×	+27.40% (above 0%: growing)	+16.67% (above 0%: growing)	+45.94% (above 0%: growing)	65.38%	0.00%	Compare
HBNC Horizon Bancorp (IN)	$992.5M	— (loss-making)	8.9×	−1.83% (below 0%: shrinking)	+4.26% (above 0%: growing)	+72.88% (above 0%: growing)	75.11%	0.00%	Compare
EQBK Equity Bancshares, Inc.	$961.3M	27.9×	10.2×	+39.99% (above 0%: growing)	+47.13% (above 0%: growing)	+40.78% (above 0%: growing)	70.70%	0.00%
CAC Camden National Corporation	$944.0M	10.7×	9.4×	+1.16% (above 0%: growing)	+63.86% (above 0%: growing)	+557.83% (above 0%: growing)	72.13%	0.00%	Compare
CPF CPB Inc.	$929.5M	11.6×	10.8×	+2.39% (above 0%: growing)	+17.65% (above 0%: growing)	+23.90% (above 0%: growing)	83.01%	0.00%	Compare
TRST TrustCo Bank Corp NY	$919.8M	15.0×	9.1×	+6.20% (above 0%: growing)	+24.05% (above 0%: growing)	+2.59% (above 0%: growing)	69.96%	0.00%	Compare
HAFC Hanmi Financial Corporation	$917.4M	10.4×	9.6×	+2.07% (above 0%: growing)	+58.00% (above 0%: growing)	+48.02% (above 0%: growing)	64.66%	0.00%	Compare
Median of peers	$968.3M	11.1×	9.5×	+4.30%	+20.85%	+60.45%	69.50%	0.00%

All 323 Banks Regional stocks →

Equity Bancshares, Inc. (EQBK) key facts

Concern: Equity Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $314.8 million, down 6.21% from fiscal 2024.
Equity Bancshares, Inc. (EQBK) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, EQBK traded at $47.51, a market capitalization of $961.3 million.
Equity Bancshares, Inc. pays an annual dividend of $0.76 per share, a yield of 1.60%, with a payout ratio of 45.5%.
Return on equity was 3.43% and debt-to-equity 0.58.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.