EQUITY BANCSHARES INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
EQBK$49.21-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Interest and dividend income | |||
| Loans, including fees | $245,815 | $211,213 | $160,859 |
| Securities, taxable | 39,091 | 23,873 | 22,713 |
| Securities, nontaxable | 1,579 | 1,960 | 2,698 |
| Federal funds sold and other | 10,358 | 9,666 | 1,978 |
| Total interest and dividend income | 296,843 | 246,712 | 188,248 |
| Interest expense | |||
| Deposits | 90,409 | 70,473 | 16,321 |
| Federal funds purchased and retail repurchase agreements | 1,151 | 931 | 232 |
| Federal Home Loan Bank advances | 10,180 | 3,944 | 2,094 |
| Federal Reserve Bank borrowings | 1,361 | 4,755 | — |
| Subordinated debt | 7,580 | 7,591 | 6,771 |
| Total interest expense | 110,681 | 87,694 | 25,418 |
| Net interest income | 186,162 | 159,018 | 162,830 |
| Provision (reversal) for credit losses | 2,546 | 1,873 | 125 |
| Net interest income after provision (reversal) for credit losses | 183,616 | 157,145 | 162,705 |
| Non-interest income | |||
| Service charges and fees | 9,830 | 10,187 | 10,632 |
| Debit card income | 10,246 | 10,322 | 10,677 |
| Mortgage banking | 861 | 652 | 1,416 |
| Increase in value of bank-owned life insurance | 4,966 | 4,059 | 3,113 |
| Net gain on acquisition and branch sales | 2,131 | — | 962 |
| Net gain (loss) from securities transactions | 220 | (51,909) | 5 |
| Other | 10,568 | 7,560 | 9,152 |
| Total non-interest income | 38,822 | (19,129) | 35,957 |
| Non-interest expense | |||
| Salaries and employee benefits | 72,786 | 64,384 | 62,006 |
| Net occupancy and equipment | 14,371 | 12,325 | 12,223 |
| Data processing | 20,004 | 17,433 | 15,883 |
| Professional fees | 6,503 | 5,754 | 4,951 |
| Advertising and business development | 5,366 | 5,425 | 5,042 |
| Telecommunications | 2,501 | 1,963 | 1,916 |
| FDIC insurance | 2,483 | 2,195 | 1,140 |
| Courier and postage | 2,599 | 2,046 | 1,881 |
| Free nationwide ATM cost | 2,127 | 2,073 | 2,103 |
| Amortization of core deposit intangibles | 4,289 | 3,374 | 4,042 |
| Loan expense | 601 | 540 | 828 |
| Other real estate owned and repossessed assets, net | (7,525) | 617 | 247 |
| Merger expenses | 4,461 | 297 | 594 |
| Other | 13,591 | 17,175 | 15,524 |
| Total non-interest expense | 144,157 | 135,601 | 128,380 |
| Income (loss) before income tax | 78,281 | 2,415 | 70,282 |
| Provision (benefit) for income taxes | 15,660 | (5,406) | 12,594 |
| Net income (loss) and net income (loss) allocable to common stockholders | $62,621 | $7,821 | $57,688 |
| Basic earnings (loss) per share | $4.04 | $0.50 | $3.56 |
| Diluted earnings (loss) per share | $4.00 | $0.50 | $3.51 |
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