Equity Bncsrs Cm A Down 0.77% To $24.54 After Earnings Beat

Equity BancShares Inc (EQBK) surpassed earnings projections on 10/17/2023 for Q3 2023.

Equity Bncsrs Cm A's earnings came in at an EPS of $0.8 per share, 10.00% higher than estimates for an EPS of $0.73 per share. The firm's earnings are down 14% since reporting $0.93 per share in the same period a year ago.

Revenues were upbeat at $49.7 million. That represents a 2.29% decrease in revenues from the year-ago report and is 3.36% higher than consensus estimates set at $48.1 million.

The stock is down 0.77% to $24.54 after the report.

Equity Bncsrs Cm A's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Equity Bncsrs Cm A has performed a little above average during the past few months. Before the report, Equity Bncsrs Cm A received a Long-Term Technical Rank by InvestorsObserver of 71, putting it in the top half of stocks. The firm set a 52-week low on May 11, 2023 at $20.5 and set a 52-week high on November 11, 2022 at $38.04.

Equity Bancshares Inc is a bank holding company. It is engaged in providing a full range of banking, mortgage banking, and financial services to individual and corporate customers. The majority of its loan portfolio consists of real estate loans, followed by Commercial and industrial loans. The bank generates a majority of its revenue from interest income.