Equity Bancshares, Inc. (EQBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 7701 E. KELLOGG DRIVE, SUITE 300
WICHITA, KS 67207
State of Incorp. KS
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,961259,131280,39991,471197,72652,195
Cash and cash equivalents104,013259,131280,39991,471197,72652,195
Short-term investments1,948     
Total current assets:105,961259,131280,39991,471197,72652,195
Noncurrent Assets
Operating lease, right-of-use asset 5,2565,9633,5404,153
Property, plant and equipment101,492104,03889,41284,47880,44263,449
Long-term investments and receivables24,558     
Long-term investments24,558     
Intangible assets, net (including goodwill)63,69769,34447,658156,339153,437115,645
Goodwill53,10154,46531,601136,432131,712104,907
Intangible assets, net (excluding goodwill)10,59614,87916,05719,90721,72510,738
Total noncurrent assets:195,003179,345140,610244,970233,879179,094
Other undisclosed assets4,680,6874,699,1553,592,3473,613,1373,630,1112,939,220
TOTAL ASSETS:4,981,6515,137,6314,013,3563,949,5784,061,7163,170,509
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt46,47856,00636,02935,70850,06837,492
Total current liabilities:46,47856,00636,02935,70850,06837,492
Noncurrent Liabilities
Long-term debt and lease obligation  22,92414,8728,99015,4502,500
Long-term debt, excluding current maturities  22,92414,8728,99015,4502,500
Liabilities, other than long-term debt 19,70421,6587,7998,6636,6894,604
Qualified affordable housing project investments, commitment 19,70421,6587,7998,6636,6894,604
Total noncurrent liabilities: 19,70444,58222,67117,65322,1397,104
Other undisclosed liabilities4,505,4114,536,4123,547,0073,418,1573,533,5682,751,769
Total liabilities:4,571,5934,637,0003,605,7073,471,5183,605,7752,796,365
Equity
Equity, attributable to parent, including:410,058500,631407,649478,060455,941374,144
Common stock205203174174173161
Treasury stock, value(101,720)(68,534)(49,870)(30,522)(19,655)(19,655)
Additional paid in capital484,989478,862386,820382,731379,085331,339
Accumulated other comprehensive income (loss)(113,511)1,77619,781(3)(4,867)(3,092)
Retained earnings140,09588,32450,787125,757101,32665,512
Other undisclosed equity, attributable to parent   (43)(77)(121)(121)
Total equity:410,058500,631407,649478,060455,941374,144
TOTAL LIABILITIES AND EQUITY:4,981,6515,137,6314,013,3563,949,5784,061,7163,170,509

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues188,2482,843155,561175,499161,556108,118
Net investment income188,2482,843155,561175,499161,556102,693
Cost of revenue(125) (24,255)(18,354)(3,961)(2,953)
Provision for loan, lease, and other losses(125) (24,255)(18,354)(3,961)
Financial services costs(2,953)
Gross profit:188,1232,843131,306157,145157,595105,165
Operating expenses(42,490)(44,065)(134,999)(30,949)(33,044)(57,138)
Other operating income, net
(Noninterest Income, Other Operating Income)
9,1526,2072,7813,6062,8092,068
Operating income (loss):154,785(35,015)(912)129,802127,36050,095
Nonoperating income3,3784,3742,7872,0022,1151,445
Investment income, nonoperating54061114(9) 
Gains (losses) on sales of other real estate 260462835(10)(75) 
Bank owned life insurance income3,1133,5061,9411,9982,1991,445
Interest and debt expense(25,418)(372)(22,909)(49,641)(36,758)(16,691)
Income (loss) from continuing operations before equity method investments, income taxes:132,745(31,013)(21,034)82,16392,71734,849
Other undisclosed income (loss) from continuing operations before income taxes(62,463)95,449(53,536)(49,306)(46,542)(3,823)
Income (loss) from continuing operations before income taxes:70,28264,436(74,570)32,85746,17531,026
Income tax expense(12,594)(11,956)(400)(7,278)(10,350)(10,377)
Income (loss) from continuing operations:57,68852,480(74,970)25,57935,82520,649
Income (loss) before gain (loss) on sale of properties:52,480(74,970)25,57935,82520,649
Net income (loss) available to common stockholders, diluted:57,68852,480(74,970)25,57935,82520,649

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):57,68852,480(74,970)25,57935,82520,649
Other comprehensive income (loss)(115,287)(18,005)19,7844,864(1,786)145
Comprehensive income (loss), net of tax, attributable to parent:(57,599)34,475(55,186)30,44334,03920,794

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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