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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
Chairman and Chief Executive Officer — Brad Elliott Chief Financial Officer — Chris Navratil President — Rick Sems TAKEAWAYS Asset Growth -- Total assets increased by more than 40%, supported by the completed Frontier acquisition and market expansion into Nebraska. Record Revenue -- Frontier integration contributed to a record quarterly revenue, according to management statements. Core Earnings -- Core EPS reached $1.32, and adjusted core return on average tangible equity was 16.1%, both surpassing last year's figures by 32.4% and 6%, respectively. Net Income -- GAAP net income was $17 million or $0.80 per diluted share; adjusted for noncore items, net income was $26.2 million or $1.23 per diluted share. Loan Growth -- Loan production was $267 million, up 21.7% compared to the prior quarter, with average origination rate of 6.87%. Deposit Growth -- Total deposits rose by approximately $1.2 billion, with legacy markets also achieving positive net growth, and five com Show less Read more
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