
Equity Bancshares (EQBK) Stock Forecast & Price Target
Equity Bancshares (EQBK) Analyst Ratings
Bulls say
Equity Bancshares Inc reported a notable expansion in Net Interest Margin (NIM), increasing by 30 basis points quarter-over-quarter to 4.17%, significantly exceeding expectations. The company also saw a robust 7.5% growth in spread income, reaching $49.5 million, which was above the forecasted figure of $47.0 million. Additionally, while classified assets rose from 8.32% to 12.10%, management anticipates no losses related to these figures, contributing to a resilient outlook for the institution's financial health.
Bears say
Equity Bancshares Inc. is facing a negative outlook primarily due to a decline in non-interest income, which fell 5.4% quarter-over-quarter to $8.8 million, suggesting ongoing challenges in generating revenue from non-lending activities. Additionally, the company's credit quality is under scrutiny as net charge-offs decreased but remain a concern, exacerbated by potential economic deterioration in the Midwest and possible declines in overall credit quality. Lastly, risks associated with mergers and acquisitions and the potential for overpayment or integration issues could hinder profitability, particularly as the bank anticipates an increase in deposit betas, which may adversely impact their interest income moving forward.
This aggregate rating is based on analysts' research of Equity Bancshares and is not a guaranteed prediction by Public.com or investment advice.
Equity Bancshares (EQBK) Analyst Forecast & Price Prediction
Start investing in Equity Bancshares (EQBK)
Order type
Buy in
Order amount
Est. shares
0 shares