Equity Bancshares, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2015
January 28, 2016 at 10:00 pm
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Equity Bancshares, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest and dividend income of $14,405,000 compared to $11,816,000 a year ago. Net interest income was $12,288,000 compared to $10,348,000 a year ago. Income before income tax was $2,794,000 compared to $2,793,000 a year ago. Net income was $2,554,000 compared to $1,779,000 a year ago. Net income allocable to common stockholders was $2,506,000 or $0.34 per diluted share compared to $1,737,000 or $0.28 per basic and diluted share a year ago.
For the year, the company reported total interest and dividend income of $53,028,000 compared to $46,794,000 a year ago. Net interest income was $46,262,000 compared to $41,361,000 a year ago. Income before income tax was $14,442,000 compared to $13,190,000 a year ago. Net income was $10,300,000 compared to $8,987,000 a year ago. Net income allocable to common stockholders was $10,123,000 or $1.54 per diluted share compared to $8,279,000 or $1.30 per basic and diluted share a year ago. Book value per share was $18.37 compared to $16.71 a year ago. Tangible book value per share was $15.97 compared to $13.54 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.