Equity Bancshares Q1 Earnings Miss Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy EQBK?
Source: seekingalpha
- Earnings Shortfall: Equity Bancshares reported a Q1 GAAP EPS of $0.80, missing expectations by $0.14, indicating pressure on profitability that could undermine investor confidence.
- Revenue Miss: The company generated $64.1 million in revenue for the quarter, a 5.7% year-over-year increase, yet fell short of expectations by $18.57 million, reflecting insufficient market demand that may impact future growth strategies.
- Loan Investment Growth: Loans held for investment reached $5.4 billion at the end of the quarter, increasing by $1.2 billion, suggesting that the company's expansion strategy in the credit market is yielding results, potentially supporting future earnings.
- Asset and Deposit Increase: Total assets closed at $7.7 billion, up $1.3 billion from the previous quarter, while total deposit balances rose to $6.3 billion, indicating improved funding attractiveness that enhances liquidity and capital base.
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Analyst Views on EQBK
Wall Street analysts forecast EQBK stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 46.510
Low
45.00
Averages
49.67
High
57.00
Current: 46.510
Low
45.00
Averages
49.67
High
57.00
About EQBK
Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth and treasury management services. The Company operates full-service locations in Arkansas, Kansas, Missouri, Nebraska, and Oklahoma. It also operates a loan production office in West Des Moines, Iowa. The Company's products and services include personal, business and mortgage. Its personal products include checking, lending, investing, savings and digital banking. Its business products include checking, savings, treasury management services, insurance, lending, trust and digital banking. Its mortgage loan products include first-time home buyer programs, government home loan programs and home equity line of credit. Its personal checking products include rewards checking, perks plus checking, and order checks. Its lending products include business credit card, commercial loans, and specialty loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Equity Bancshares Completes Acquisition of Frontier Holdings
- Merger Completion: Equity Bancshares successfully completed its acquisition of Frontier Holdings on January 1, 2026, adding $1.3 billion in net loan balances and $1.1 billion in deposit balances, significantly enhancing the company's market position in Nebraska and expected to drive future revenue growth.
- Net Income Growth: For Q1 2026, net income was reported at $17 million, or $0.80 per diluted share, while adjusted net income reached $26.3 million, or $1.23 per share, indicating financial improvement and enhanced profitability due to the merger.
- Interest Income Surge: Net interest income rose to $73.7 million, a 16% quarter-over-quarter increase and a 46.5% year-over-year growth, reflecting the positive impact of integrating Frontier's assets and demonstrating the company's adaptability in the current interest rate environment.
- Shareholder Returns: The company announced a dividend of $0.18 per share and repurchased 500,000 shares during the quarter, showcasing its commitment to shareholders and effective capital management, which further boosts market confidence.
See More
Equity Bancshares Reports Record Q1 2026 Earnings Driven by Frontier Acquisition
- Significant Asset Growth: The acquisition of Frontier led to a 20% increase in assets for Equity Bancshares, driving record quarterly revenue and demonstrating the company's strong growth potential post-integration.
- Enhanced Profitability: The first quarter net income reached $17 million, with diluted earnings per share at $0.80 and adjusted earnings at $26.2 million, indicating improved profitability following the merger.
- Effective Cost Control: Despite merger expenses of $5.7 million and Frontier provisioning of $6.1 million, adjusted noninterest expenses as a percentage of average assets improved by 25 basis points, showcasing the company's cost management capabilities during the integration process.
- Optimistic Future Outlook: Management anticipates a profit target of $5 per share for 2026, maintaining a margin expectation of 4.20% to 4.35%, reflecting confidence in future growth and the ongoing execution of strategic plans.
See More
Equity Bancshares Q1 Earnings Miss Expectations
- Earnings Shortfall: Equity Bancshares reported a Q1 GAAP EPS of $0.80, missing expectations by $0.14, indicating pressure on profitability that could undermine investor confidence.
- Revenue Miss: The company generated $64.1 million in revenue for the quarter, a 5.7% year-over-year increase, yet fell short of expectations by $18.57 million, reflecting insufficient market demand that may impact future growth strategies.
- Loan Investment Growth: Loans held for investment reached $5.4 billion at the end of the quarter, increasing by $1.2 billion, suggesting that the company's expansion strategy in the credit market is yielding results, potentially supporting future earnings.
- Asset and Deposit Increase: Total assets closed at $7.7 billion, up $1.3 billion from the previous quarter, while total deposit balances rose to $6.3 billion, indicating improved funding attractiveness that enhances liquidity and capital base.
See More
Equity Bancshares Valuation and Target Adjustments
- Target Price Adjustment: Piper Sandler raised Equity Bancshares' price target from $56 to $57 while maintaining an Overweight rating, indicating confidence in management's strategy and expectations for acquisition synergies to enhance profitability.
- Profitability Outlook: The central fair value estimate remains at $53, yet the market maintains an optimistic view on potential synergies from acquisitions, with analysts highlighting the company's capacity for sustained top-tier profitability metrics, reflecting confidence in future growth.
- Risk Warnings: Despite the upward adjustments in price targets, analysts express caution regarding the realization of acquisition synergies and profitability targets, suggesting that market expectations for future profitability may require careful monitoring, which could impact investor confidence.
- Market Dynamics: With DA Davidson and Keefe Bruyette also updating their price targets, Equity Bancshares remains on investors' radar, indicating the market's focus on the latest research coverage and valuation work.
See More
Equity Bancshares to Release Q1 Financial Results on April 14, 2026
- Earnings Release Schedule: Equity Bancshares will announce its Q1 financial results on April 14, 2026, with a press release issued after market close, demonstrating the company's commitment to transparency.
- Conference Call Timing: CEO Brad Elliott and CFO Chris Navratil will hold a conference call on April 15, 2026, at 10 a.m. ET to discuss earnings results, aiming to enhance investor communication.
- Participation Details: Investors can join the call by dialing the specified numbers and referencing the access code, with local and toll-free options provided, reflecting the company's focus on investor convenience.
- Replay Availability: A replay of the call will be accessible two hours after the call concludes until April 31, 2026, ensuring that investors who cannot participate live can still obtain the information, highlighting the company's commitment to information dissemination.
See More
Equity Bancshares (EQBK) Achieves Nearly 50% Asset Growth, Targets Over $5 EPS in 2026
- Significant Asset Growth: Equity Bancshares reported assets of $6.4 billion at the end of Q4 2025, marking a nearly 50% increase from $5.3 billion at the start of the year, demonstrating rapid expansion through the Frontier acquisition and enhancing market competitiveness.
- Improved Profitability: The company reported net income of $22.1 million or $1.15 per diluted share, with adjusted earnings rising to $23.3 million from $22.4 million in the previous quarter, indicating a sustained improvement in profitability.
- Credit Quality Improvement: Nonaccrual loans decreased from $48.6 million to $40.3 million, a 17% decline, reflecting positive progress in credit management that helps reduce risk and enhance financial stability.
- Positive Future Outlook: Management set an ambitious target of over $5 per share in earnings for 2026 and anticipates a loan-to-deposit ratio of 88%, reflecting confidence in future growth and a robust strategic plan in a competitive market.
See More
Equity Bancshares Completes Acquisition of Frontier Holdings
- Merger Completion: Equity Bancshares successfully completed its acquisition of Frontier Holdings on January 1, 2026, adding $1.3 billion in net loan balances and $1.1 billion in deposit balances, significantly enhancing the company's market position in Nebraska and expected to drive future revenue growth.
- Net Income Growth: For Q1 2026, net income was reported at $17 million, or $0.80 per diluted share, while adjusted net income reached $26.3 million, or $1.23 per share, indicating financial improvement and enhanced profitability due to the merger.
- Interest Income Surge: Net interest income rose to $73.7 million, a 16% quarter-over-quarter increase and a 46.5% year-over-year growth, reflecting the positive impact of integrating Frontier's assets and demonstrating the company's adaptability in the current interest rate environment.
- Shareholder Returns: The company announced a dividend of $0.18 per share and repurchased 500,000 shares during the quarter, showcasing its commitment to shareholders and effective capital management, which further boosts market confidence.
See More
Equity Bancshares Reports Record Q1 2026 Earnings Driven by Frontier Acquisition
- Significant Asset Growth: The acquisition of Frontier led to a 20% increase in assets for Equity Bancshares, driving record quarterly revenue and demonstrating the company's strong growth potential post-integration.
- Enhanced Profitability: The first quarter net income reached $17 million, with diluted earnings per share at $0.80 and adjusted earnings at $26.2 million, indicating improved profitability following the merger.
- Effective Cost Control: Despite merger expenses of $5.7 million and Frontier provisioning of $6.1 million, adjusted noninterest expenses as a percentage of average assets improved by 25 basis points, showcasing the company's cost management capabilities during the integration process.
- Optimistic Future Outlook: Management anticipates a profit target of $5 per share for 2026, maintaining a margin expectation of 4.20% to 4.35%, reflecting confidence in future growth and the ongoing execution of strategic plans.
See More
Equity Bancshares Q1 Earnings Miss Expectations
- Earnings Shortfall: Equity Bancshares reported a Q1 GAAP EPS of $0.80, missing expectations by $0.14, indicating pressure on profitability that could undermine investor confidence.
- Revenue Miss: The company generated $64.1 million in revenue for the quarter, a 5.7% year-over-year increase, yet fell short of expectations by $18.57 million, reflecting insufficient market demand that may impact future growth strategies.
- Loan Investment Growth: Loans held for investment reached $5.4 billion at the end of the quarter, increasing by $1.2 billion, suggesting that the company's expansion strategy in the credit market is yielding results, potentially supporting future earnings.
- Asset and Deposit Increase: Total assets closed at $7.7 billion, up $1.3 billion from the previous quarter, while total deposit balances rose to $6.3 billion, indicating improved funding attractiveness that enhances liquidity and capital base.
See More
Equity Bancshares Valuation and Target Adjustments
- Target Price Adjustment: Piper Sandler raised Equity Bancshares' price target from $56 to $57 while maintaining an Overweight rating, indicating confidence in management's strategy and expectations for acquisition synergies to enhance profitability.
- Profitability Outlook: The central fair value estimate remains at $53, yet the market maintains an optimistic view on potential synergies from acquisitions, with analysts highlighting the company's capacity for sustained top-tier profitability metrics, reflecting confidence in future growth.
- Risk Warnings: Despite the upward adjustments in price targets, analysts express caution regarding the realization of acquisition synergies and profitability targets, suggesting that market expectations for future profitability may require careful monitoring, which could impact investor confidence.
- Market Dynamics: With DA Davidson and Keefe Bruyette also updating their price targets, Equity Bancshares remains on investors' radar, indicating the market's focus on the latest research coverage and valuation work.
See More
Equity Bancshares to Release Q1 Financial Results on April 14, 2026
- Earnings Release Schedule: Equity Bancshares will announce its Q1 financial results on April 14, 2026, with a press release issued after market close, demonstrating the company's commitment to transparency.
- Conference Call Timing: CEO Brad Elliott and CFO Chris Navratil will hold a conference call on April 15, 2026, at 10 a.m. ET to discuss earnings results, aiming to enhance investor communication.
- Participation Details: Investors can join the call by dialing the specified numbers and referencing the access code, with local and toll-free options provided, reflecting the company's focus on investor convenience.
- Replay Availability: A replay of the call will be accessible two hours after the call concludes until April 31, 2026, ensuring that investors who cannot participate live can still obtain the information, highlighting the company's commitment to information dissemination.
See More
Equity Bancshares (EQBK) Achieves Nearly 50% Asset Growth, Targets Over $5 EPS in 2026
- Significant Asset Growth: Equity Bancshares reported assets of $6.4 billion at the end of Q4 2025, marking a nearly 50% increase from $5.3 billion at the start of the year, demonstrating rapid expansion through the Frontier acquisition and enhancing market competitiveness.
- Improved Profitability: The company reported net income of $22.1 million or $1.15 per diluted share, with adjusted earnings rising to $23.3 million from $22.4 million in the previous quarter, indicating a sustained improvement in profitability.
- Credit Quality Improvement: Nonaccrual loans decreased from $48.6 million to $40.3 million, a 17% decline, reflecting positive progress in credit management that helps reduce risk and enhance financial stability.
- Positive Future Outlook: Management set an ambitious target of over $5 per share in earnings for 2026 and anticipates a loan-to-deposit ratio of 88%, reflecting confidence in future growth and a robust strategic plan in a competitive market.
See More
