Equity Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 04:46 pm EDT
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Equity Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 39.43 million compared to USD 39.57 million a year ago. Net income was USD 11.46 million compared to USD 15.26 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.94 a year ago.
For the six months, net interest income was USD 78.54 million compared to USD 78.86 million a year ago. Net income was USD 23.78 million compared to USD 30.91 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.88 a year ago. Diluted earnings per share from continuing operations was USD 1.51 compared to USD 1.86 a year ago.
Equity Bancshares, Inc. is a bank holding company for Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners as well as individuals through its network of approximately 82 branches located in Arkansas, Kansas, Missouri and Oklahoma. The Bankâs operations involve the delivery of loan and deposit products to its customers. It offers commercial banking products and other services, including lending activities, deposit products, and other products and services. The Bank offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay. Its commercial treasury management services include balance reporting, transfers between accounts, wire transfer initiation, automated clearing house (ACH) origination and stop payments.