Equity Bncsrs Cm A Down 1.00% To $25.62 After Earnings Beat

Equity Bncsrs Cm A (EQBK) said after close Tuesday that it earned $0.74 per share in quarter two 2023.

On the revenue line, the company reported $46.4 million, missing estimates by $1.7 million.

In the same quarter a year ago, the company earned $0.94 per share on revenue of $49.2 million.

The stock is down 1.00% to $25.62 after the report.

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

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

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

Prior to the report, InvestorsObserver gave the stock an overall score of 19. Meanwhile, the average Wall Street analyst rated the stock a Buy.

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.