EQUITY BANCSHARES INC

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

EQBK$49.21-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

	2023	2022	2021
Interest and dividend income
Loans, including fees	$211,213	$160,859	$137,334
Securities, taxable	23,873	22,713	15,996
Securities, nontaxable	1,960	2,698	2,843
Federal funds sold and other	9,666	1,978	1,195
Total interest and dividend income	246,712	188,248	157,368
Interest expense
Deposits	70,473	16,321	8,255
Federal funds purchased and retail repurchase agreements	931	232	104
Federal Home Loan Bank advances	3,944	2,094	169
Federal Reserve Bank borrowings	4,755	—	—
Subordinated debt	7,591	6,771	6,261
Total interest expense	87,694	25,418	14,789
Net interest income	159,018	162,830	142,579
Provision (reversal) for credit losses	1,873	125	(8,480)
Net interest income after provision (reversal) for credit losses	157,145	162,705	151,059
Non-interest income
Service charges and fees	10,187	10,632	8,596
Debit card income	10,322	10,677	10,236
Mortgage banking	652	1,416	3,306
Increase in value of bank-owned life insurance	4,059	3,113	3,506
Net gain on acquisition and branch sales	—	962	585
Net gain (loss) from securities transactions	(51,909)	5	406
Other	7,560	9,152	6,207
Total non-interest income	(19,129)	35,957	32,842
Non-interest expense
Salaries and employee benefits	64,384	62,006	54,198
Net occupancy and equipment	12,325	12,223	10,137
Data processing	17,433	15,883	13,261
Professional fees	5,754	4,951	4,713
Advertising and business development	5,425	5,042	3,370
Telecommunications	1,963	1,916	1,966
FDIC insurance	2,195	1,140	1,665
Courier and postage	2,046	1,881	1,429
Free nationwide ATM cost	2,073	2,103	2,019
Amortization of core deposit intangibles	3,374	4,042	4,174
Loan expense	540	828	934
Other real estate owned	542	589	(188)
Merger expenses	297	594	9,189
Loss on debt extinguishment	—	—	372
Other	17,250	15,182	12,226
Total non-interest expense	135,601	128,380	119,465
Income (loss) before income tax	2,415	70,282	64,436
Provision (benefit) for income taxes	(5,406)	12,594	11,956
Net income (loss) and net income (loss) allocable to common stockholders	$7,821	$57,688	$52,480
Basic earnings (loss) per share	$0.50	$3.56	$3.49
Diluted earnings (loss) per share	$0.50	$3.51	$3.43

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.