Company Analysis

Equity Bancshares, Inc. (EQBK)

NYSE: EQBK · State Commercial Banks · Wichita, KS · filing with the SEC since 2003
Grade3.4
◀ Past 3.1● Present 3.7▶ Future 3.5
1 est.

The grade of Equity Bancshares, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past3.140% of the headline
● Present3.735% of the headline
▶ Future3.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.1/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.1/10

Has it survived what it has been through?

4 warning events since 2017; the latest 2023-05-10.

weight 45% of this tense · 21st percentile among 165 sector filers · read for itself

From the record

Equity Bancshares, Inc.'s filings since 2017 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-05-10); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2019-05-13) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.3/10

What has it actually done, year after year?

+20.5% a year over 10 filed years; profitable in 9 of 10.

weight 22% of this tense · 43rd percentile among 152 sector filers · read for its customers

From the record

Equity Bancshares, Inc.'s 10 filed years say what it did: revenue went from $62 million in fiscal 2016 to $331 million in fiscal 2025, up 20.5% a year; it rose in 8 of 9 years; the deepest fall was 11% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span20.5%top 19% of its family
  • the share of years revenue rosetop 39% of its family
  • the share of filed years with a profitbottom 9% of its family
  • the deepest fall from a revenue peak11.4%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.8/10

How has it treated the people who own it?

Share count grew 3.9% a year. 35% of cash flow returned. Insiders: 10 sales, 7 purchases.

weight 33% of this tense · 38th percentile among 157 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Equity Bancshares, Inc.'s diluted share count grew about 3.9% a year, and dividends and buybacks returned about 35% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales and 7 purchases of their own stock on the open market in the year to 2026-10-19, buying about $377 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 23% of its family
  • cash returned against operating cash flowtop 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.7/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
2.6/10

Is it financially healthy right now?

ROE 3%: 3¢ of profit per shareholder dollar. Leverage 89%: owes 89¢ per asset dollar.

weight 45% of this tense · 26th percentile among 161 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Equity Bancshares, Inc. earned about 3 cents of profit for every dollar of shareholders' money. Leverage: it owed about 89 cents per dollar of assets, and net share issuance: its share count grew 17.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 38% of its family
  • return on equitybottom 6% of its family
  • the share count against the year beforebottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 155 in its family; net margin 6.9%.

weight 33% of this tense · 42nd percentile among 155 sector filers · read for its customers

From the record

Equity Bancshares, Inc.'s standing among 155 graded names in its industry family: revenue of $331 million in fiscal 2025 ranks in the top 49% by size; a net margin of 6.9% ranks in the bottom 6%; revenue growth of 20.7% a year over the last 3 filed years ranks in the top 30% (its annual reports).

What it rests on

  • revenue against the family$331Mtop 49% of its family
  • net margin6.9%bottom 6% of its family
  • three-year revenue growth20.7%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.1/10

What are the people in charge doing?

top 49% of 150 in its family for leadership; chief executive since 2015.

weight 22% of this tense · 51st percentile among 150 sector filers · read for its shareholders

From the record

Equity Bancshares, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Elliott, Brad S (Chief Executive Officer, as filed), filing under that title since 2015-11-10, 11 years (top 30% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 5.5 years (bottom 25%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 21 peopletop 42% of its family
  • the median years the people in charge have filed5.5 yearsbottom 25% of its family
  • the chief executive's years on the record11.0 yearstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
1.4/10

How much room does it have to grow?

SI estimate 1.4/10, confidence 35 of 100 (one part).

weight 33% of this tense · 14th percentile among 162 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 14% of 162 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash from operations less capital spending against revenue, the one part on file, ranked among 162 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Equity Bancshares, Inc.'s room to expand is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 14% of 162 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 152 in its family for growth drivers.

weight 33% of this tense · 64th percentile among 152 sector filers · read for its customers

From the record

Equity Bancshares, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 20.7% a year over the last three filed years against 20.5% over all 10, speeding up (bottom 26% of its family); the newest year grew 11.5% (top 24%); capital spending grew 56.2% a year (top 10%) (its annual reports). Equity Bancshares, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.2 points a yearbottom 26% of its family
  • the newest year's revenue growth11.5%top 24% of its family
  • three-year growth of capital spending56.2%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.8/10

Did its newest year beat what its own record pointed to?

bottom 28% of 150 in its family for expectations against reality.

weight 33% of this tense · 28th percentile among 150 sector filers · read for its shareholders

From the record

Equity Bancshares, Inc.'s newest year against its own record: revenue of $331 million in fiscal 2025 came in 11.2% below the $373 million its prior three years' pace pointed to (top 35% of its family); net income of $23 million against a prior three-year average of $43 million (bottom 7%); a net margin of 6.9% against 18.3% before (bottom 11%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-11.2%top 35% of its family
  • net income against the prior three years' average-47%bottom 7% of its family
  • net margin against its prior average-11.4 pointsbottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EQBK · research, not advice