Equity Bancshares (EQBK) Financial Statements & Analysis

Equity Bancshares (EQBK) Income Statement

Equity Bancshares reported revenue of $314.26M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 45.6% from $215.83M a year earlier. Net income was $22.73M, down 63.7% year over year, a net margin of 7.2%. Gross margin was 50.4% and operating margin 10.4%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $82.09M, up 597.0% from the same quarter a year earlier.

Equity Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Equity Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	314.26	215.83	138.12	220.29	186.81	177.04	197.93	178.92	115.88
Cost of Revenue	155.89	108.85	89.05	25.29	6.22	47.16	68.00	40.72	19.33
Gross Profit	158.37	217.67	135.63	194.99	180.59	129.88	129.94	138.20	96.56
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	68.82	80.64	33.16	68.19	59.23	58.72	69.98	63.61	44.06
Operating Expenses	125.84	139.39	133.21	124.71	116.15	204.45	97.08	92.03	65.53
Operating Income	32.53	78.28	2.42	70.28	64.44	-74.57	32.86	46.18	31.03
Other Income/Expense
Interest Income	330.84	296.84	246.71	188.25	157.37	155.56	175.50	161.56	102.69
Interest Expense	104.75	110.68	87.69	25.42	14.79	22.91	49.64	36.76	16.69
Other Income/Expense	-6.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	26.38	78.28	2.42	70.28	64.44	-74.57	32.86	46.18	31.03
Income Tax Expense	3.65	15.66	-5.41	12.59	11.96	0.40	7.28	10.35	10.38
Net Income	22.73	62.62	7.82	57.69	52.48	-74.97	25.58	35.83	20.65
Net Income - Continuous Operations	22.73	62.62	7.82	57.69	52.48	-74.97	25.58	35.83	20.65
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	84.83	10.26	8.64	79.65	73.34	-66.33	40.27	51.80	34.59
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	7.76	4.29	3.37	9.37	8.91	8.24	7.41	5.62	3.57
Earnings Per Share
Basic EPS	1.00	4.00	1.00	4.00	3.00	-5.00	2.00	2.00	2.00
Diluted EPS	1.00	4.00	1.00	4.00	3.00	-5.00	2.00	2.00	2.00
Basic Shares Outstanding	19.04	15.49	15.54	16.21	15.02	15.09	15.60	15.38	12.44
Diluted Shares Outstanding	19.20	15.67	15.65	16.44	15.31	15.10	15.84	15.71	12.75

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Equity Bancshares Financial Statements

What was Equity Bancshares's revenue in fiscal 2025?

Equity Bancshares reported revenue of $314.26M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 45.6% from $215.83M a year earlier.

Is Equity Bancshares profitable?

Yes. Equity Bancshares earned net income of $22.73M in fiscal 2025, a net margin of 7.2%. In fiscal 2024 it earned $62.62M.

What is Equity Bancshares's operating margin?

Equity Bancshares's operating income was $32.53M on revenue of $314.26M in fiscal 2025, an operating margin of 10.4%, compared with 36.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition