Equity Bancshares, Inc. (EQBK) AI Stock Analysis

Equity Bancshares, Inc. serves as the bank holding company for Equity Bank. The institution provides banking, mortgage banking, and financial services to individual and corporate clients. Its offerings include demand deposits, savings, money market accounts, and time deposits. On the lending side, the bank issues commercial loans to industries such as real estate development, agribusiness, manufacturing, and hospitality, as well as consumer installment loans, residential mortgages, and home equity lines of credit. It also supplies digital banking tools and corporate treasury management services. Headquartered in Wichita, Kansas, the company operated 69 branches across Arkansas, Kansas, Missouri, and Oklahoma as of December 31, 2021.

Annual revenue increased from $186.8M in FY2021 to $326.5M in FY2024 before falling 3.8% to $314.3M in FY2025, yielding a 5-year revenue CAGR of 12.2% from FY2020 to FY2025. Net income fluctuated over this span, declining to $7.8M in FY2023, rebounding to $62.6M in FY2024, and decreasing to $22.7M in FY2025 with a net margin of 7.2%. Diluted earnings per share stood at $4.13 in FY2025. In the latest quarter ended September 30, 2026, quarterly revenue expanded 597.0% year-over-year, while quarterly earnings grew 47.7%. Trailing twelve month EPS was $4.54.

As of September 30, 2026, Equity Bancshares held $1.58B in cash and short-term investments against total debt of $532.0M, resulting in net cash of $1.05B. Total assets stood at $7.59B, shareholders' equity was $816.0M, and the debt-to-equity ratio was 0.65. Operating cash flow reached $51.4M in FY2025, generating free cash flow of $38.1M after capital expenditures of $13.3M. In FY2025, capital allocation included $14.1M in share buybacks and $11.4M in dividends paid, while the 5-year share count increased 21.4%.

EQBK trades at a trailing P/E of 10.5x and a forward P/E of 10.4x, compared to medians of 12.1x and 10.8x, respectively, for its US-listed Financial Services peers. Its price-to-sales ratio is 3.1x versus the peer median of 3.2x, while its price-to-book ratio is 1.2x. Over the past year, the stock returned 24.5%, outperforming the S&P 500 (SPY) return of 16.8%. Over a five-year period, the stock gained 48.3%, trailing the S&P 500 benchmark gain of 83.0%.

Equity Bancshares pays a quarterly dividend with an annualized forward payout of $0.88 per share, representing a 1.85% dividend yield. The payout ratio is 11.9%, and the company has paid dividends for 6 consecutive years. The last ex-dividend date occurred on September 30, 2026.

Wall Street coverage consists of 2 Strong Buy and 5 Hold recommendations from 7 analysts. The consensus mean price target is $54.14, representing a 14.0% upside compared to the last close of $47.51. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $5.10 on revenue of $341.3M. For the next fiscal year, analysts forecast EPS of $5.45 and revenue of $413.2M. The company beat EPS estimates in each of the last 4 quarters.

This page is an AI-written research summary of Equity Bancshares, Inc. (EQBK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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