Equity Bancshares Inc
0.0 %
35.56 %
Yet to be announced
Company Overview
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank. It provides a range of banking, mortgage banking, and financial services to individual and corporate customers. As of December 31, 2021, Equity Bank operated a network of 69 branches in Arkansas, Kansas, Missouri, and Oklahoma.
Revenue Sources
As a traditional bank, Equity Bancshares' primary business model is based on interest-bearing activities, which constitutes its main source of revenue. The financial data shows that interest income represents over 80% of total revenue consistently across all examined quarters.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $55.35m | $28.93m | $46.03m | $28.93m | 83.17% | 100.00% |
| June 30, 2024 | $55.43m | $28.66m | $46.48m | $28.66m | 83.84% | 100.00% |
| March 31, 2024 | $55.91m | $27.59m | $44.18m | $27.59m | 79.02% | 100.00% |
| Dec. 31, 2023 | $-3,900,000.0 | $24.83m | $39.47m | $24.83m | 999.92% | 100.00% |
Analysis of the financial data reveals that interest expenses constitute a significant portion of the company's total expenses, ranging between 85-95% of total expenses across the examined quarters. This indicates that interest is fundamental to the company's business model.
Operational Ethics
Based on available information from SEC filings and company disclosures, there is no evidence of significant associations with entities involved in human rights violations. The company's operations are primarily focused in the Midwestern United States.
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