Equity Bancshares, Inc. is a bank holding company. The Company's principal activity is the ownership and management of its subsidiary, Equity Bank. The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of branches located in Kansas and Missouri. Its operations involve the delivery of loan and deposit products to its customers. Equity Ban offers commercial banking products and other services, including lending activities, deposit products, and other products and services. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements and mobile banking solutions. In addition, the Bank offers commercial treasury management services, wire transfer, automated clearing house (ACH) services and cash management deposit products.

Type
Public
HQ
Wichita, US
Founded
2002
Size (employees)
415 (est)
Equity Bancshares was founded in 2002 and is headquartered in Wichita, US
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Key People/Management at Equity Bancshares

Brad Elliott

Brad Elliott

Chairman & CEO, Equity Bancshares
Greg Kossover

Greg Kossover

EVP, Chief Financial Officer, Equity Bancshares/Equity Bank
Julie Huber

Julie Huber

EVP, Strategic Initiatives
Patrick Harbert

Patrick Harbert

EVP, Community Markets
Jennifer Johnson

Jennifer Johnson

EVP, Chief Operations Officer
Rolando Mayans

Rolando Mayans

EVP, Chief Risk Officer
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Equity Bancshares Office Locations

Equity Bancshares has an office in Wichita
Wichita, US (HQ)
200 7701 E Kellogg Dr
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Equity Bancshares Financials and Metrics

Equity Bancshares Financials

Equity Bancshares's revenue was reported to be $53.03 m in FY, 2015
USD

Net income (Q2, 2017)

6.4 m

EBIT (Q2, 2017)

20.6 m

Market capitalization (20-Apr-2018)

494.6 m

Cash (30-Jun-2017)

24.2 m

EV

741.6 m
Equity Bancshares's current market capitalization is $494.6 m.
Annual
USDFY, 2015FY, 2016

Revenue

53 m

Cost of goods sold

6.8 m9.2 m

Gross profit

46.3 m

Gross profit Margin, %

87%
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cost of goods sold

1.7 m2.1 m2.2 m2.3 m3.3 m3.9 m

Sales and marketing expense

4.7 m5.2 m5.2 m5.4 m7.8 m8.2 m

R&D expense

746 k838 k869 k883 k1.2 m1.2 m

Operating expense total

9 m9.7 m9.9 m10.7 m15.2 m15.1 m
Annual
USDFY, 2015FY, 2016

Cash

56.8 m35.1 m

Accounts Receivable

4.5 m7 m

PP&E

39.1 m50.5 m

Goodwill

18.1 m58.9 m
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

23.2 m44.6 m46.2 m21.8 m35.3 m24.2 m

Accounts Receivable

4.4 m4.4 m4.3 m4.7 m9.2 m9.1 m

PP&E

40.5 m38.9 m39.1 m39.9 m53.6 m54.7 m

Goodwill

18.1 m18.1 m18.1 m18.1 m64.5 m64.6 m
Annual
USDFY, 2015FY, 2016

Net Income

10.3 m9.4 m

Depreciation and Amortization

1.7 m2.2 m

Cash From Operating Activities

13.6 m15.5 m

Cash From Investing Activities

(266.9 m)(140.7 m)
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

7.7 m3.4 m6.3 m9 m4.9 m11.2 m

Depreciation and Amortization

1.3 m512 k1 m1.5 m796 k1.6 m

Cash From Operating Activities

11.5 m4.4 m7.3 m13.3 m9.8 m14 m

Cash From Investing Activities

(236.7 m)45 m32.2 m(2.9 m)(70.1 m)(87.5 m)
USDY, 2017

EV/EBIT

36.1 x

EV/CFO

52.8 x

Financial Leverage

8.4 x
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Equity Bancshares Operating Metrics

Equity Bancshares's Total Loans was reported to be $1.5b in Q2, 2017.
FY, 2014Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

29 34

Non-accrual Loans

$10.79 m$6.61 m$8.20 m$9.04 m$7.86 m$7.16 m$22.69 m$28.16 m$25.88 m

Total Loans

$725.88 m$855.05 m$960.36 m$938.06 m$980.11 m$956.07 m$1.38 b$1.52 b$1.53 b
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Equity Bancshares News and Updates

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