Equity Bancshares sets quarterly dividend at $0.15 a share

Equity Bancshares Inc . (NYSE:EQBK), a Kansas-based state commercial bank with a market capitalization of $708 million, has announced a quarterly cash dividend of $0.15 per share on its common stock, representing a current yield of 1.47%. This declaration was made by the company’s Board of Directors on Wednesday, March 19, 2025. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics. Shareholders on record by the close of business on March 31, 2025, will be eligible for the dividend, which is scheduled to be paid on April 15, 2025.

The announcement was made in a regulatory filing with the Securities and Exchange Commission (SEC) on Thursday, March 20, 2025. Equity Bancshares, which is listed on the New York Stock Exchange, is a financial organization that provides banking services through its principal executive offices located in Wichita, Kansas.

The dividend reflects the company’s commitment to returning value to its shareholders and signifies a continuation of its dividend policy. InvestingPro data shows that Equity Bancshares has raised its dividend for four consecutive years, while delivering a strong 24.93% return over the past year. The company maintains healthy financials with a P/E ratio of 9.98 and impressive revenue growth of 59.55% in the last twelve months. For deeper insights into EQBK’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

Chris M. Navratil, Executive Vice President and Chief Financial Officer of Equity Bancshares, signed off on the SEC filing, affirming the company’s compliance with the Securities Exchange Act of 1934 requirements. The company’s next earnings report is scheduled for April 22, 2025, where investors can gain further insights into its financial performance and dividend sustainability.

The information provided in this article is based on the statements made in the press release issued by the company and filed with the SEC. It is intended to present the key facts surrounding the dividend declaration by Equity Bancshares without any analysis or commentary.

In other recent news, Equity Bancshares reported higher-than-expected earnings and revenue for Q4 2024. The company achieved an earnings per share (EPS) of $1.04, surpassing the analyst forecast of $0.91, and revenue reached $58.29 million, exceeding the projected $55.96 million. In another development, Equity Bancshares amended its loan agreement with ServisFirst Bank, extending the maturity date of its credit facility to February 10, 2026, as disclosed in a Form 8-K filing. Additionally, Stephens adjusted its price target for Equity Bancshares to $49.00 from $52.00, maintaining an Overweight rating, following the company’s positive EPS report.

Equity Bancshares also announced the appointment of Gregory H. Kossover as Executive Vice President of Capital Markets, effective February 2025, marking his return to the company after a brief period at Vantage Point Properties, Inc. Kossover’s extensive experience includes previous roles as Executive Vice President and Chief Financial Officer, as well as Chief Operating Officer at the bank. The bank’s strategic focus on mergers and acquisitions continues, with Stephens analysts anticipating potential accretive deals in the coming year. Equity Bancshares has completed twelve acquisitions since its IPO in 2015, highlighting its familiarity with mergers and acquisitions.

The company demonstrated strong financial management, with nonaccrual loans decreasing to 0.77% of total loans and net charge-offs recorded at 0.04% in the last quarter. The return of Kossover is seen as a beneficial move, bringing valuable expertise to the company’s capital market strategy. These developments reflect Equity Bancshares’ ongoing efforts to enhance its financial stability and growth prospects.

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