Equity Bancshares, Inc. (EQBK) Income Statement
EQBK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEQBK revenue and net income
Where EQBK's revenue goes
2025Each bar shows an amount and its share of revenue. EQBK kept 7.2% of revenue as net income.
EQBK profit margins
EQBK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.8% | +12.6% | +12.2% | +17.8% |
| Gross profit | −27.2% | −6.7% | +4.0% | +11.9% |
| Operating income | −58.4% | −22.6% | — | +8.5% |
| Net income | −63.7% | −26.7% | — | +8.2% |
| EPS (diluted) | −5.3% | +5.8% | +22.1% | +17.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EQBK quarterly EPS vs estimates
Equity Bancshares beat the analyst EPS estimate in 8 of the last 8 quarters.
EQBK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $314.3M | $326.5M | $224.7M | $220.3M | $186.8M | $177.0M | $197.9M | $178.9M | $115.9M | $71.0M |
| Cost of revenue | $155.9M | $108.8M | $89.0M | $25.3M | $6.2M | $47.2M | $68.0M | $40.7M | $19.3M | $11.3M |
| Gross profit | $158.4M | $217.7M | $135.6M | $195.0M | $180.6M | $129.9M | $129.9M | $138.2M | $96.6M | $59.7M |
| Sales, general & admin | $68.8M | $80.6M | $72.0M | $68.2M | $59.2M | $58.7M | $70.0M | $63.6M | $44.1M | $29.4M |
| Total operating expenses | $125.8M | $139.4M | $133.2M | $124.7M | $116.1M | $204.4M | $97.1M | $92.0M | $65.5M | $45.8M |
| Operating income | $32.5M | $78.3M | $2.4M | $70.3M | $64.4M | −$74.6M | $32.9M | $46.2M | $31.0M | $13.9M |
| Interest income | $330.8M | $296.8M | $235.8M | $188.2M | $157.4M | $155.6M | $175.5M | $161.6M | $102.7M | $61.8M |
| Interest expense | $104.8M | $110.7M | $87.7M | $25.4M | $14.8M | $22.9M | $49.6M | $36.8M | $16.7M | $9.2M |
| Income before taxes | $26.4M | $78.3M | $2.4M | $70.3M | $64.4M | −$74.6M | $32.9M | $46.2M | $31.0M | $13.9M |
| Income taxes | $3.7M | $15.7M | −$5.4M | $12.6M | $12.0M | $400,000 | $7.3M | $10.3M | $10.4M | $4.5M |
| Net income | $22.7M | $62.6M | $7.8M | $57.7M | $52.5M | −$75.0M | $25.6M | $35.8M | $20.6M | $9.4M |
| EBITDA | $88.4M | $88.5M | $11.1M | $79.6M | $73.3M | −$66.3M | $40.3M | $51.8M | $34.6M | $16.1M |
| EPS (diluted) | $4.13 | $4.36 | $3.15 | $3.49 | $3.83 | $1.52 | $1.67 | $2.63 | $1.87 | $1.30 |
| Gross margin | 50.4% | 66.7% | 60.4% | 88.5% | 96.7% | 73.4% | 65.6% | 77.2% | 83.3% | 84.1% |
| Operating margin | 10.4% | 24.0% | 1.1% | 31.9% | 34.5% | −42.1% | 16.6% | 25.8% | 26.8% | 19.5% |
| Net margin | 7.2% | 19.2% | 3.5% | 26.2% | 28.1% | −42.3% | 12.9% | 20.0% | 17.8% | 13.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119.9M | $115.9M | $117.5M | $100.4M | $47.5M | $81.9M | $84.4M | $83.1M | $82.8M | $82.3M | $78.4M | $20.3M |
| Cost of revenue | $37.8M | $35.3M | $40.3M | $27.4M | $77.0M | $24.4M | $27.1M | $25.6M | $30.1M | $27.9M | $25.2M | $25.5M |
| Gross profit | $82.1M | $80.6M | $77.2M | $73.0M | −$29.5M | $57.5M | $57.3M | $57.5M | $52.6M | $54.4M | $53.1M | −$5.3M |
| Sales, general & admin | $36.6M | $38.4M | $41.8M | $23.7M | $487,000 | $21.4M | $21.9M | $20.5M | $20.5M | $19.7M | $19.9M | $18.9M |
| Total operating expenses | $48.1M | $46.9M | $54.7M | $46.6M | $1.7M | $39.2M | $38.4M | $37.1M | $28.8M | $38.1M | $35.4M | $34.4M |
| Operating income | $34.0M | $33.7M | $22.5M | $26.4M | −$31.1M | $18.4M | $18.9M | $20.4M | $23.8M | $16.3M | $17.8M | −$39.7M |
| Interest income | — | $107.8M | $108.0M | $90.9M | $91.1M | $74.2M | $74.7M | $75.0M | $75.0M | $75.1M | $71.8M | $64.3M |
| Interest expense | $36.1M | $34.0M | $34.4M | $27.4M | $28.6M | $24.4M | $24.4M | $25.5M | $28.9M | $28.7M | $27.6M | $24.8M |
| Income before taxes | $34.0M | $33.7M | $22.2M | $26.5M | −$37.3M | $18.4M | $18.9M | $20.4M | $23.8M | $16.3M | $17.8M | −$39.7M |
| Income taxes | $7.2M | $7.3M | $5.3M | $4.4M | −$7.6M | $3.1M | $3.8M | $3.4M | $4.0M | $4.6M | $3.7M | −$11.4M |
| Net income | $26.8M | $26.4M | $17.0M | $22.1M | −$29.7M | $15.3M | $15.0M | $17.0M | $19.9M | $11.7M | $14.1M | −$28.3M |
| EBITDA | $70.1M | $38.4M | $26.4M | $29.5M | $16.4M | $21.0M | $21.5M | $23.0M | $26.5M | $19.0M | $20.1M | −$37.6M |
| EPS (diluted) | $1.40 | $1.41 | $1.24 | $1.20 | $1.16 | $0.93 | $0.84 | $1.03 | $1.31 | $0.99 | $1.03 | $0.77 |
| Gross margin | 68.5% | 69.6% | 65.7% | 72.7% | −62.0% | 70.2% | 67.9% | 69.2% | 63.6% | 66.1% | 67.8% | −26.0% |
| Operating margin | 28.3% | 29.1% | 19.1% | 26.3% | −65.5% | 22.4% | 22.3% | 24.5% | 28.8% | 19.8% | 22.7% | −195.6% |
| Net margin | 22.3% | 22.8% | 14.4% | 22.0% | −62.4% | 18.6% | 17.8% | 20.4% | 24.0% | 14.2% | 18.0% | −139.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EQBK's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EQBK financial results
In fiscal year 2025 (ended December 31, 2025), Equity Bancshares reported revenue of $314.3 million, down 3.8% from the year before. It had net income of $22.7 million (down 63.7%), a net profit margin of 7.2%. Diluted earnings per share came to $4.13. Over five years revenue grew at an average rate of 12.2% a year.
See the EQBK stock overview for the latest quote and news, or the EQBK chart for price history and technical indicators.
EQBK income statement FAQ
What is Equity Bancshares's annual revenue?
Equity Bancshares reported total revenue of $314.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 3.8% from $326.5 million the previous year.
Is Equity Bancshares profitable?
Yes. Equity Bancshares reported net income of $22.7 million in fiscal 2025, a net profit margin of 7.2%; its operating margin was 10.4%.
What is Equity Bancshares's gross margin?
Equity Bancshares's gross margin was 50.4% in fiscal 2025: for every $100 of revenue, Equity Bancshares kept $50 after the direct cost of its products and services.
How fast is Equity Bancshares growing?
Revenue grew 12.2% a year on average over the last five fiscal years, from $177.0 million to $314.3 million.
What are Equity Bancshares's earnings per share?
Equity Bancshares earned $4.13 per diluted share in fiscal 2025, compared with $4.36 a year earlier.
When does Equity Bancshares's fiscal year end?
Equity Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.