Equity Bancshares
Runs relationship banking, commercial lending, deposits, and wealth services through Equity Bank.
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Profile
Owns Equity Bank, a community-bank platform serving individuals and businesses through loans, deposits, mortgage banking, treasury management, trust and wealth services, and crop-focused insurance. The model pairs community-market deposits with metropolitan commercial lending and repeat bank acquisitions.
Runs Equity Bank as a Kansas-chartered member bank serving individuals, business owners, and corporate customers. Its product set centers on commercial real estate and commercial lending, deposits and consumer banking, mortgage banking, treasury management, trust and wealth services, and crop-focused insurance brokerage.
The footprint is concentrated in Midwestern markets, with branches and offices across Kansas, Missouri, Oklahoma, Arkansas, Iowa, and Nebraska. Management uses community-market deposits to fund commercial lending in larger metro markets.
Execution depends on integrating acquired banks into one operating platform, cross-selling deposits, and managing credit quality in a loan book weighted toward commercial real estate. Earnings are shaped by interest-rate and funding conditions because loan and securities income remain central to the banking model.
Company facts
Categories
Key statistics
Year to date +10.8% · Average volume (30d) 100.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 16, 2026 | Stephens | Reiterate | Overweight | $46 | $59 |
| Jun 24, 2026 | Benchmark Co. | Target | $57 | ||
| Jun 24, 2026 | Benchmark | Initiate | Buy | ||
| Jun 22, 2026 | DA Davidson | Reiterate | Neutral | $47 | $51 |
| Jun 10, 2026 | Hovde Group | Target | $51 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q2 FY26 | $1.24 | $1.41 | +13.7% | $85.1M | $81.9M | −3.7% | +0.47% |
| Apr 14, 2026Q1 FY26 | $1.15 | $1.32 | +14.8% | $82.7M | $83.2M | +0.6% | −2.52% |
| Jan 21, 2026Q4 FY25 | $1.22 | $1.26 | +3.3% | $73.6M | $73.0M | −0.8% | −0.20% |
| Oct 14, 2025Q3 FY25 | $0.99 | $1.21 | +22.2% | $76.9M | $47.5M | −38.2% | −1.85% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $84.4M | $81.9M | $47.5M | $100.4M | $117.5M | $115.9M | |
| Gross profit | $57.3M | $57.5M | −$29.5M | $73.0M | $77.2M | $80.6M | |
| Operating income | $18.9M | $18.4M | −$31.1M | $26.4M | $22.5M | $33.7M | |
| Net income | $15.0M | $15.3M | −$29.7M | $22.1M | $17.0M | $26.4M | |
| Diluted EPS | $0.85 | $0.86 | −$1.55 | $1.15 | $0.88 | $1.27 | |
| Gross margin | 67.9% | 70.2% | -62.0% | 72.7% | 65.7% | 69.6% | |
| Operating margin | 22.3% | 22.4% | -65.5% | 26.3% | 19.1% | 29.1% |
Fiscal years (4-quarter sums)FY21 $186.8M · FY22 $220.3M · FY23 $225.2M · FY24 $326.5M · FY25 $314.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.78B · Total debt $526.6M · Total assets $7.73B · Shareholders' equity $827.3M
Dividends
Raised for 3 straight years — most recently to $0.18 from $0.15 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.18 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.18 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.18 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.18 | raised from $0.15 |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.15 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.15 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.15 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.15 | raised from $0.12 |
Ownership
Shares outstanding 20.57M · Float 17.69M · 86.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | 2.36M | 11.47% | 13F | Aug 14, 2026 |
| Clint Kendric Fergeson · director | 1.73M | 8.42% | Form 4 | May 5, 2026 |
| Fergeson Capital, LLC | 1.73M | 9.88% | 13D | Jul 10, 2025 |
| BlackRock, Inc. | 1.53M | 7.44% | 13F | Aug 7, 2026 |
| Patriot Financial Partners GP Ii, L.P. | 1.02M | 4.95% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Donald Scott Rogerson | director | +2,000 | $50.00 |
| Aug 17, 2026 | David Pass | officer: Chief Information Officer | −147 | $51.31 |
| Jul 31, 2026 | Donald Scott Rogerson | director | +2,000 | $50.25 |
| Jul 29, 2026 | Brad S. Elliott | director, officer: Chief Executive Officer | −4,165 | $51.12 |
| Jul 30, 2026 | Brad S. Elliott | director, officer: Chief Executive Officer | −416 | $51.02 |
Peers
- Commerce Bancshares
Kansas-Missouri super-community bank with commercial, retail, and wealth overlap
- UMB Financial
Broad Midwestern rival in commercial, wealth, deposits, and treasury
- BOK Financial
Tulsa regional bank overlapping Oklahoma, Kansas-Missouri, and Arkansas
- Simmons First National
Mid-South branch bank overlapping Arkansas, Kansas, Missouri, and Oklahoma
- Enterprise Financial Services
Missouri business bank overlapping Kansas and commercial-client niches
- Bank OZK
Arkansas regional bank with national CRE scale and expanding fee lines
- Home BancShares
Arkansas community-bank consolidator with CRE and retail-bank overlap
- First Interstate BancSystem
Community bank rival in Nebraska, Iowa, Missouri, deposits, mortgage, and wealth
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Equity Bancshares | $49.62 | −0.13% | $1.02B | 28.4 | 9.6 | 2.7 | +42.3% |
| Commerce Bancshares | $58.04 | +0.02% | $8.46B | 14.1 | 13.1 | 3.9 | +11.9% |
| UMB Financial | $144.59 | +0.07% | $10.98B | 12.0 | 11.0 | 2.4 | +22.9% |
| BOK Financial | $135.14 | −1.69% | $8.35B | 12.9 | 13.3 | 2.5 | +4.8% |
| Simmons First National | $22.69 | +0.02% | $3.29B | — | 10.7 | 5.8 | +69,452.9% |
| Enterprise Financial Services | $63.59 | +0.05% | $2.30B | 12.6 | 11.2 | 2.3 | +30.9% |
| Bank OZK | $49.40 | −0.02% | $5.39B | 8.2 | 8.5 | 1.9 | +1.8% |
| Home BancShares | $29.62 | +0.03% | $5.97B | 12.2 | 11.7 | 4.3 | +10.7% |
| First Interstate BancSystem | $37.04 | 0.00% | $3.60B | 11.4 | 13.3 | 3.8 | +6.3% |
| Median | 12.2 | 11.4 | 3.1 | +11.3% |