Equity Bancshares, Inc. (EQBK) Balance Sheet
EQBK balance sheet, 2025
December 31, 2025 · U.S. dollars$6.37B assets = $5.64B liabilities + $732.1M equity
Both columns are drawn to the same scale: what EQBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EQBK financial health
Descriptive bands, not a rating. Fiscal 2025.
EQBK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.19B2016 | $6.37B2025 | +12.6%/yr | |
| Total liabilities | $1.93B2016 | $5.64B2025 | +12.6%/yr | |
| Shareholders’ equity | $258.0M2016 | $732.1M2025 | +12.3%/yr | |
| Cash & short-term investments | $133.6M2016 | $1.64B2025 | +32.1%/yr | |
| Total debt | $307.6M2016 | $448.2M2025 | +4.3%/yr | |
| Net cash (debt) | −$174.0M2016 | $1.19B2025 | +$1.4B | |
| Working capital | $1.51B2016 | $483.2M2025 | −$1.0B | |
| Book value per share | $29.452016 | $38.122025 | +2.9%/yr | |
| Debt / equity | 1.192016 | 0.612025 | −0.58 | |
| Shares outstanding | 8.8M2016 | 19.2M2025 | +9.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EQBK assets
EQBK liabilities and equity
EQBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EQBK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.64B | $1.19B | $1.28B | $1.29B | $1.59B | $1.15B | $233.5M | $366.6M | $213.8M | $133.6M |
| Cash & equivalents | $607.6M | $383.5M | $363.3M | $104.0M | $259.1M | $280.4M | $91.5M | $197.7M | $51.5M | $37.9M |
| Short-term investments | $1.03B | $803.2M | $919.6M | $1.18B | $1.33B | $871.8M | $142.1M | $168.9M | $162.3M | $95.7M |
| Receivables | $33.3M | $28.9M | $25.5M | $20.6M | $18.0M | $15.8M | $15.7M | $17.4M | $12.4M | $7.0M |
| Inventory | $0 | $0 | −$406.4M | −$129.5M | $9.5M | $11.7M | −$115.8M | $6.4M | $7.9M | $8.7M |
| Other current assets | $0 | $0 | $406.4M | $129.5M | $0 | $0 | $115.8M | $0 | $2.06B | $1.37B |
| Total current assets | $1.67B | $1.22B | $1.31B | $1.31B | $1.60B | $1.17B | $249.3M | $384.0M | $2.29B | $1.52B |
| Property, plant & equipment (net) | $136.7M | $117.1M | $112.6M | $101.5M | $104.0M | $89.4M | $84.5M | $80.4M | $63.4M | $50.5M |
| Goodwill & intangible assets | $103.7M | $68.1M | $60.3M | $63.7M | $71.5M | $47.7M | $156.3M | $153.4M | $115.6M | $63.6M |
| Long-term investments | $1.04B | $1.01B | $921.9M | $1.19B | $1.33B | $3.44B | $911.1M | $917.2M | $697.7M | $561.4M |
| Other non-current assets | $3.43B | $2.92B | $2.63B | $2.32B | $2.03B | $0 | $2.55B | $2.53B | $0 | $0 |
| Total assets | $6.37B | $5.33B | $5.03B | $4.98B | $5.14B | $4.01B | $3.95B | $4.06B | $3.17B | $2.19B |
| Liabilities | ||||||||||
| Accounts payable | — | — | $36.5M | $32.8M | $49.6M | $19.1M | $18.5M | $13.7M | $10.7M | $7.4M |
| Short-term debt | $39.9M | $37.2M | $43.6M | $46.5M | $95.9M | $87.7M | $35.7M | $50.1M | $401.7M | $293.9M |
| Deferred revenue | — | — | −$247.5M | −$14.3M | −$7.2M | −$23.2M | −$335.7M | −$410.6M | −$385.7M | −$273.5M |
| Total current liabilities | $1.19B | $4.41B | $4.23B | $4.32B | $49.6M | $19.1M | $3.12B | $3.19B | $31.0M | $7.4M |
| Long-term debt | $398.1M | $275.6M | $336.9M | $96.4M | $95.9M | $87.7M | $23.6M | $29.7M | $16.5M | $13.7M |
| Other long-term liabilities | $10.2M | $51.5M | $19.3M | $154.1M | $0 | $10.1M | $330.2M | $384.9M | $347.7M | $259.6M |
| Total liabilities | $5.64B | $4.74B | $4.58B | $4.57B | $4.64B | $3.61B | $3.47B | $3.61B | $2.80B | $1.93B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $249,000 | $230,000 | $207,000 | $205,000 | $203,000 | $174,000 | $174,000 | $173,000 | $161,000 | $132,000 |
| Retained earnings (deficit) | $205.3M | $194.9M | $141.0M | $140.1M | $88.3M | $50.8M | $125.8M | $101.3M | $65.5M | $44.3M |
| Treasury stock | — | — | — | −$101.7M | −$68.5M | −$49.9M | −$30.5M | −$19.7M | −$19.7M | −$19.7M |
| Accumulated other comprehensive income | $7.0M | −$55.2M | −$57.9M | −$113.5M | $1.8M | $19.8M | −$3,000 | −$4.9M | −$3.1M | −$2.7M |
| Total shareholders' equity | $732.1M | $592.9M | $452.9M | $410.1M | $500.6M | $407.6M | $478.1M | $455.9M | $374.1M | $258.0M |
| Key figures | ||||||||||
| Total debt | $448.2M | $312.8M | $380.5M | $281.7M | $95.9M | $97.8M | $383.6M | $464.7M | $418.2M | $307.6M |
| Net cash (debt) | $1.19B | $873.9M | $902.4M | $1.01B | $1.49B | $1.05B | −$150.1M | −$98.1M | −$204.4M | −$174.0M |
| Working capital | $483.2M | −$3.20B | −$2.92B | −$3.01B | $1.56B | $1.15B | −$2.87B | −$2.80B | $2.26B | $1.51B |
| Tangible book value | $628.3M | $524.8M | $392.5M | $346.4M | $429.1M | $360.0M | $321.7M | $302.5M | $258.5M | $194.4M |
| Book value per share | $38.12 | $37.83 | $28.94 | $24.95 | $32.71 | $27.00 | $30.17 | $29.02 | $29.35 | $29.45 |
| Shares outstanding | 19.2M | 15.7M | 15.6M | 16.4M | 15.3M | 15.1M | 15.8M | 15.7M | 12.7M | 8.8M |
| Current ratio | 1.41 | 0.28 | 0.31 | 0.30 | 32.38 | 61.25 | 0.08 | 0.12 | 73.93 | 205.95 |
| Quick ratio | 1.41 | 0.28 | 0.31 | 0.30 | 32.38 | 61.25 | 0.08 | 0.12 | 7.29 | 19.09 |
| Debt / equity | 0.61 | 0.53 | 0.84 | 0.69 | 0.19 | 0.24 | 0.80 | 1.02 | 1.12 | 1.19 |
| Equity / assets | 11.5% | 11.1% | 9.0% | 8.2% | 9.7% | 10.2% | 12.1% | 11.2% | 11.8% | 11.8% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.58B | $1.78B | $1.70B | $1.64B | $1.60B | $1.34B | $1.18B | $1.19B | $1.26B | $1.29B | $1.31B | $1.28B |
| Cash & equivalents | $338.3M | $546.5M | $564.2M | $607.6M | $699.2M | $366.2M | $431.1M | $383.5M | $217.7M | $244.3M | $217.6M | $363.3M |
| Short-term investments | $1.25B | $1.24B | $1.13B | $1.03B | $903.9M | $973.4M | $752.0M | $803.2M | $1.04B | $1.04B | $1.09B | $919.6M |
| Receivables | $42.6M | $37.7M | $40.0M | $33.3M | $34.8M | $26.2M | $26.8M | $28.9M | $28.4M | $27.4M | $27.1M | $25.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$266.7M | −$1.31B | −$290.6M | −$406.4M |
| Other current assets | $0 | $2.7M | $7.6M | $0 | $0 | $0 | $0 | $0 | $266.7M | $1.31B | $290.6M | $406.4M |
| Total current assets | $380.5M | $1.82B | $1.74B | $1.67B | $1.64B | $1.37B | $1.21B | $1.22B | $1.29B | $1.31B | $1.34B | $1.31B |
| Property, plant & equipment (net) | $145.5M | $141.1M | $140.6M | $136.7M | $132.9M | $117.5M | $117.0M | $117.1M | $117.0M | $114.3M | $116.8M | $112.6M |
| Goodwill & intangible assets | $131.8M | $133.7M | $135.5M | $103.7M | $100.5M | $66.0M | $67.0M | $68.1M | $69.1M | $69.7M | $71.0M | $60.3M |
| Long-term investments | $0 | $1.23B | $1.13B | $1.04B | $909.1M | $978.6M | $955.7M | $1.01B | $1.05B | $1.05B | $1.09B | $921.9M |
| Other non-current assets | $6.93B | $4.39B | $4.52B | $3.43B | $3.58B | $2.85B | $3.10B | $2.92B | $2.84B | $2.70B | $2.62B | $2.63B |
| Total assets | $7.59B | $7.73B | $7.67B | $6.37B | $6.36B | $5.37B | $5.45B | $5.33B | $5.36B | $5.25B | $5.24B | $5.03B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $36.5M |
| Short-term debt | $44.4M | $42.8M | $386.7M | $39.9M | $42.2M | $36.4M | $36.8M | $37.2M | $38.2M | $38.0M | $43.8M | $43.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | −$247.5M |
| Total current liabilities | $6.21B | $6.35B | $6.69B | $1.19B | $5.14B | $4.27B | $4.44B | $4.41B | $4.40B | $4.38B | $4.41B | $4.23B |
| Long-term debt | $0 | $483.8M | $445.9M | $398.1M | $439.6M | $24.1M | $334.4M | $275.6M | $393.3M | $347.5M | $317.0M | $336.9M |
| Other long-term liabilities | $563.3M | $67.9M | $0 | $10.2M | $77.2M | $442.7M | $52.3M | $51.5M | $56.7M | $57.1M | $50.4M | $19.3M |
| Total liabilities | $6.78B | $6.90B | $6.85B | $5.64B | $5.64B | $4.74B | $4.83B | $4.74B | $4.85B | $4.78B | $4.78B | $4.58B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $273,000 | $273,000 | $273,000 | $249,000 | $249,000 | $231,000 | $231,000 | $230,000 | $209,000 | $208,000 | $208,000 | $207,000 |
| Retained earnings (deficit) | $263.4M | $241.2M | $218.5M | $205.3M | $186.7M | $219.9M | $207.3M | $194.9M | $180.6M | $163.1M | $153.2M | $141.0M |
| Accumulated other comprehensive income | −$39.2M | −$3.8M | $930,000 | $7.0M | $4.7M | −$40.3M | −$45.0M | −$55.2M | −$40.0M | −$62.0M | −$60.8M | −$57.9M |
| Total shareholders' equity | $816.0M | $827.3M | $817.6M | $732.1M | $711.9M | $635.6M | $617.3M | $592.9M | $504.0M | $461.4M | $456.8M | $452.9M |
| Key figures | ||||||||||||
| Total debt | $532.0M | $526.6M | $484.9M | $448.2M | $481.8M | $444.2M | $371.1M | $312.8M | $431.5M | $385.5M | $360.8M | $380.5M |
| Net cash (debt) | $1.05B | $1.26B | $1.21B | $1.19B | $1.12B | $895.4M | $812.0M | $873.9M | $827.2M | $901.0M | $948.5M | $902.4M |
| Working capital | −$5.83B | −$4.52B | −$4.94B | $483.2M | −$3.50B | −$2.91B | −$3.23B | −$3.20B | −$3.11B | −$3.07B | −$3.08B | −$2.92B |
| Tangible book value | $684.1M | $693.6M | $682.1M | $628.3M | $611.4M | $569.6M | $550.3M | $524.8M | $434.9M | $391.7M | $385.8M | $392.5M |
| Book value per share | $39.22 | $43.08 | $42.58 | $38.12 | $37.22 | $36.01 | $34.94 | $36.46 | $32.62 | $30.01 | $29.34 | $29.37 |
| Shares outstanding | 20.8M | 19.2M | 19.2M | 19.2M | 19.1M | 17.7M | 17.7M | 16.3M | 15.5M | 15.4M | 15.6M | 15.4M |
| Current ratio | 0.06 | 0.29 | 0.26 | 1.41 | 0.32 | 0.32 | 0.27 | 0.28 | 0.29 | 0.30 | 0.30 | 0.31 |
| Quick ratio | 0.26 | 0.29 | 0.26 | 1.41 | 0.32 | 0.32 | 0.27 | 0.28 | 0.29 | 0.30 | 0.30 | 0.31 |
| Debt / equity | 0.65 | 0.64 | 0.59 | 0.61 | 0.68 | 0.70 | 0.60 | 0.53 | 0.86 | 0.84 | 0.79 | 0.84 |
| Equity / assets | 10.7% | 10.7% | 10.7% | 11.5% | 11.2% | 11.8% | 11.3% | 11.1% | 9.4% | 8.8% | 8.7% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
EQBK financial position
At the end of fiscal 2025 (December 31, 2025), Equity Bancshares had total assets of $6.4 billion (up 19.5% from a year earlier), total liabilities of $5.6 billion and shareholders' equity of $732.1 million. It held $1.6 billion in cash and short-term investments against $448.2 million of debt, a net cash position of $1.2 billion. Its current ratio was 1.41. In the latest quarter (ended September 30, 2026) total assets were $7.6 billion and equity $816.0 million.
Related: EQBK income statement, EQBK cash flow statement, EQBK key metrics. See the EQBK stock overview for the latest quote and news.
EQBK balance sheet FAQ
What are Equity Bancshares's total assets?
Equity Bancshares reported total assets of $6.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does Equity Bancshares have?
Equity Bancshares had $448.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.61.
How much cash does Equity Bancshares have?
Equity Bancshares held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $448.2 million of debt that is net cash of $1.2 billion.
What is Equity Bancshares's book value?
Equity Bancshares's shareholders' equity (book value) was $732.1 million at the end of fiscal 2025, or $38.12 per share.
What is Equity Bancshares's current ratio?
Equity Bancshares had current assets of $1.7 billion and current liabilities of $1.2 billion, a current ratio of 1.41 (it can cover its short-term obligations).
How much goodwill does Equity Bancshares have?
Equity Bancshares carried $103.7 million of goodwill and intangible assets, 1.6% of total assets, at the end of fiscal 2025.