Equity Bancshares Inc. Class A Common Stock (EQBK)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at a bank first as a credit machine and second as a compounding machine. Equity Bancshares, with 909 employees and a regional footprint, has shown earnings volatility rather than the steady upward line I prefer. In fiscal Q3 2025, the quarter ended 2025-09-30, it reported a net loss of $29.7 million and diluted EPS of -$1.55. That followed net income of $15.3 million in fiscal Q2 2025, the quarter ended 2025-06-30. More recently, in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $17.0 million and diluted EPS $0.80; in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $26.4 million and diluted EPS $1.27. On filed annual results, FY2025 ended 2025-12-31 earned $22.7 million, or $1.23 per diluted share, down from FY2024’s $62.6 million and $4.00 per share, though above FY2023’s $7.8 million and $0.50. At the close on 2026-10-13, the price was $46.83. FairStock calculates a P/E of 27.55 and P/B of 1.16, with EPS of $1.70, ROE of 4.90%, PEG of 2.15, and a FairStock Score of 45/100. The computed Lynch category is SLOW GROWER — Shrinking, citing profit -18.9% a year over four years. That mix tells me the market is paying a full price for low returns. The 1.88% dividend and beta of 0.81 are modest supports, and the Piotroski F-Score of 5/9 is middling. I cannot see CET1, net interest margin, credit costs, or reserve data here, so underwriting quality is the missing piece. Without those, I treat the recent rebound as encouraging but unproven. A bank at 1.16 times book can be cheap if ROE normalizes; at 4.90% ROE, it is not obviously so.

In plain English: Equity Bancshares is the holding company for Equity Bank; it takes deposits and makes loans to people and businesses. Its profits have been uneven, including a loss in late 2025, and the latest year was weaker than 2024, so the business looks only fair. At the recent price of $46.83, the stock looks expensive relative to current earnings, even though it trades near the accounting value of its net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer