Equity Bancshares

Financial Services commercial banks holding company lending payments

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.

Market capitalization(2018-04-20)

$494.6 M

Total Loans(Q2, 2017)

$1.5 B

Type

Public

Wichita, US

Founded

2002

Size (employees)

415 (est)

Website

investor.equitybank.com

Equity Bancshares was founded in 2002 and is headquartered in Wichita, US

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Key People/Management at Equity Bancshares

Brad Elliott

Chairman & CEO, Equity Bancshares

Greg Kossover

EVP, Chief Financial Officer, Equity Bancshares/Equity Bank

Julie Huber

EVP, Strategic Initiatives

Patrick Harbert

EVP, Community Markets

Jennifer Johnson

EVP, Chief Operations Officer

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

Summary

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.

Income Statement

Annual

USD	FY, 2015	FY, 2016
Revenue	53 m
Cost of goods sold	6.8 m	9.2 m
Gross profit	46.3 m
Gross profit Margin, %	87%

Quarterly

USD	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cost of goods sold	1.7 m	2.1 m	2.2 m	2.3 m	3.3 m	3.9 m
Sales and marketing expense	4.7 m	5.2 m	5.2 m	5.4 m	7.8 m	8.2 m
R&D expense	746 k	838 k	869 k	883 k	1.2 m	1.2 m
Operating expense total	9 m	9.7 m	9.9 m	10.7 m	15.2 m	15.1 m

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Balance Sheet

Annual

USD	FY, 2015	FY, 2016
Cash	56.8 m	35.1 m
Accounts Receivable	4.5 m	7 m
PP&E	39.1 m	50.5 m
Goodwill	18.1 m	58.9 m

Quarterly

USD	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	23.2 m	44.6 m	46.2 m	21.8 m	35.3 m	24.2 m
Accounts Receivable	4.4 m	4.4 m	4.3 m	4.7 m	9.2 m	9.1 m
PP&E	40.5 m	38.9 m	39.1 m	39.9 m	53.6 m	54.7 m
Goodwill	18.1 m	18.1 m	18.1 m	18.1 m	64.5 m	64.6 m

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Cash Flow

Annual

USD	FY, 2015	FY, 2016
Net Income	10.3 m	9.4 m
Depreciation and Amortization	1.7 m	2.2 m
Cash From Operating Activities	13.6 m	15.5 m
Cash From Investing Activities	(266.9 m)	(140.7 m)

Quarterly

USD	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	7.7 m	3.4 m	6.3 m	9 m	4.9 m	11.2 m
Depreciation and Amortization	1.3 m	512 k	1 m	1.5 m	796 k	1.6 m
Cash From Operating Activities	11.5 m	4.4 m	7.3 m	13.3 m	9.8 m	14 m
Cash From Investing Activities	(236.7 m)	45 m	32.2 m	(2.9 m)	(70.1 m)	(87.5 m)

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Ratios

USD	Y, 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, 2014	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 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