Pulling SEC filings + quote and writing the call…

EQUITY BANCSHARES INC
Next earnings Jul 13, 2026 · consensus $1.23 EPS, $86.4M rev
Last earnings +0.9% on 2026-04-14
Headline 39x P/E masks the real story — strip the $53M bond loss and EQBK trades at ~11x core EPS with NIM expanding.
Sources: SEC EDGAR (CIK 0001227500, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 2:28:46 PM.
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The fundamentals carry the rating, but the price is rich (~81% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
The GAAP picture looks ugly — net income fell 63.7% to $22.7M and diluted EPS collapsed to $1.23 — but the 10-K makes clear this is a noise year, not a deterioration. The income statement carries a $53.2M loss on securities transactions (a one-time AFS portfolio repositioning) plus $8.1M of merger expense. Management's core EPS reconciliation lands at $4.39 vs. $4.43 in 2024 — essentially flat — and core ROAA of 1.42% and core ROAE of 11.58% are both improvements over prior-year core levels. At $48.52, that's roughly 11x core earnings and ~1.48x tangible book ($32.86), which is undemanding for a community bank actually growing.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $52.5M | $57.7M | $7.82M | $62.6M | $22.7M |
| Diluted EPS | $3.43 | $3.51 | $0.50 | $4.00 | $1.23 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Reg FD investor presentation furnished; no new financial disclosures
Other-events disclosure, likely routine update on operations or capital
Q1 2026 results; NIM trends and credit costs in focus after weak FY25
Annual meeting vote results and board/officer changes disclosed
Q1 2026 earnings release furnished with investor presentation
Amendment to prior 8-K, likely adding required financials for acquisition
Proxy: director slate, exec pay, auditor ratification for annual meeting
Amended 10-K, typically Part III proxy info or minor correction
FY25 EPS $1.23 vs $4.00, hit by $53M securities loss; NIM up to 4.33%
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
1049 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 2 sales
| 2026-06-11 | Maland Jerry P Director | Gift | 2.23K | |
| 2026-06-11 | Reber Brett A General Counsel | Sell | 1.69K @ $47.85 | $80.7K |
| 2026-06-09 | Borck Leon Director | Gift | 1.03K | |
| 2026-06-09 | Borck Leon Director | Gift | 1.03K | |
| 2026-05-18 | Cook Kevin Earl Director | Gift | 1.03K | |
| 2026-05-18 | Cook Kevin Earl Director | Gift | 1.03K | |
| 2026-05-06 | Reber Brett A General Counsel | Sell | 100.00 @ $46.55 | $4.66K |
| 2026-05-01 | Schlehuber Lisa Ann Director | Award | 1.10K | |
| 2026-05-01 | Everett Junetta M Director | Award | 1.10K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.