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Stock impact report

Equity Bancshares (EQBK) Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Equity Bancshares, Inc. Class A (EQBK) 
Last equity bancshares, inc. class a earnings: 4/29 07:21 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.equitybank.com/investor-relations
President, Equity Bank — Rick Sems Chief Financial Officer — Chris Navratil Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Total Assets -- Finished the year at $6.4 billion, up from $5.3 billion at the start of the year, not including the $1.4 billion in assets from the Frontier merger closed January 1. Net Income -- Reported $22.1 million GAAP net income, or $1.15 per diluted share. Adjusted Net Income -- Adjusted earnings were $23.3 million, or $1.21 per diluted share, up from $22.4 million, or $1.17 per diluted share, in the previous quarter. Net Interest Income (NII) -- $63.5 million, representing a $1 million sequential increase. Net Interest Margin (NIM) -- Margin improved to 4.47%, up 2 basis points linked quarter; core margin, normalizing purchase accounting and nonaccrual benefits, was 4.36%. Noninterest Income -- $9.5 million, up $400,000 sequentially and in line with company expectations. Noninterest Expense -- $46.6 million on a r Show less Read more
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