Equity Bancshares (EQBK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Equity Bancshares

NYSE•Financial Services•Banks - Regional

$50.97-0.03(<0.01%)Market closed

Market Cap

$1.01B

P/E

28.2x

P/S

2.7x

P/B

1.2x

Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. It accepts demand, savings, money market, and time deposits. The company's loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, government guaranteed, letter of credit, and other loan products. It also provides loans for 1 4 family residential mortgages, agricultural, consumer, residential real estate mortgage, and agricultural real estate and production loans. In addition, the company offers debit and credit cards; insurance brokerage; trust and wealth management; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; night depository; direct deposit; cashier's and travelers checks; letters of credit; and ITMs and ATMs. Further, it provides cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts; and banking services through telephone, mail, and personal appointments. Additionally, the company offers treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearing house origination, and stop payments. It operates in Arkansas, Kansas, Missouri, and Oklahoma. Equity Bancshares, Inc. was founded in 1985 and is headquartered in Wichita, Kansas.

How this company scores

WeakMetricSide Score: 51/100

Grade capped at D — Interest coverage below 1× (1.0x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (15/25); weakest: Growth (11/25).

Profitability11/25

Growth11/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality15/25

Strengths

Cash-backed earningsNet cash positionImproving margins

Grade capped at D

Interest coverage below 1× (1.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.2x5y range 7.0x – 66.8x

Currently above its 20-quarter median.

P/S · 2.7x5y range 1.4x – 2.7x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.9x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 105.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.01B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $380.41M
Q. Revenue: $115.88M
TTM EBITDA: $52.57M
TTM Op. Income: $45.13M
Q. Op. Income: $33.74M
TTM Net Income: $35.83M
Q. Net Income: $26.44M
EPS: $1.28
Shares Out.: $20.62M

$380.41M in TTM revenue grew 13.3% YoY, reaching $115.88M last quarter. TTM EBITDA of $52.57M and TTM operating income of $45.13M show growth is flowing through to the bottom line. TTM net income of $35.83M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 70.7%
EBITDA Margin: 31.0%
Op. Margin: 29.1%
Net Margin: 22.8%

Op. margin of 29.1% is up 6.9% YoY — cost efficiency is improving. Net margin at 22.8% and gross margin of 70.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 31% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.2x
P/S Ratio: 2.7x
P/B Ratio: 1.2x

At 28.2x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.73B
Cash: $546.53M
Long-Term Debt: $532.58M
Book Value: $827.26M
D/E Ratio: 0.6
Debt/EBITDA: 14.8

With $7.73B in assets and $532.58M in long-term debt, D/E is 0.6and book value is $827.26M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 9% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $38.83M
TTM Free Cash Flow: $38.97M
FCF Margin: 10.2%
FCF / Net Income: 1.1

TTM FCF of $38.97M on $38.83M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 55% — an improving trend.