Equity Bancshares, Inc. (EQBK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Equity Bancshares, Inc. stock $23.65, price $48.71, that is 51.4% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Equity Bancshares, Inc.
EQBK · USOur calculation puts a fair price 51% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $19.86 – $51.73 · fair‑value band $20.81 – $30.51 · the $48.71 price screens above the $23.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. It accepts demand, savings, money market, and time deposits.
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The company's loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, government guaranteed, letter of credit, and other loan products.
It also provides loans for 1 " 4 family residential mortgages, agricultural, consumer, residential real estate mortgage, and agricultural real estate and production loans.
In addition, the company offers debit and credit cards; insurance brokerage; trust and wealth management; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; night depository; direct deposit; cashier's and travelers checks; letters of credit; and ITMs and ATMs. Further, it provides cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts; and banking services through telephone, mail, and personal appointments.
Additionally, the company offers treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearing house origination, and stop payments. It operates in Arkansas, Kansas, Missouri, and Oklahoma.
Equity Bancshares, Inc. was founded in 1985 and is headquartered in Wichita, Kansas.
Stock analysis
Equity Bancshares, Inc. (EQBK) currently trades at $48.71, while our model-based Fair Value estimate is $23.65, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $27.74 per share, and 0 of the 6 models we run sit above the $48.71 price.
Bear case: the Dividend Discount group reads lowest at $7.71, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $20.81 (bear) to $30.51 (bull), the price of $48.71 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Equity Bancshares, Inc. reported revenue of $314M in FY2025 versus $187M in FY2021, a compound +13.9%/yr. Reported net income was $22.7M in FY2025, compounding −18.9%/yr from FY2021.
Key figures
Market cap $935M Small · P/E ratio 10.7 · P/S ratio 2.99 · EPS (TTM) $4.54 · Dividend yield 1.6% · Net margin 29.5% · Return on equity 12.1% · Return on assets (EBIT) 0.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −51%, EQBK screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 3 officers or directors bought shares worth $269,466, most recently on Oct 19, 2026. Over the same period, 4 people sold shares worth $1.3M. Buying cluster
- BuyLeon BorckDirector2× since Nov 10, 2025: 630 shares, avg. $45.92$28,929Oct 19, 2026
- BuyDonald Scott RogersonDirector3× since Apr 29, 2026: 6,000 shares, avg. $48.73$292,360Aug 21, 2026
- SaleDavid PassChief Information Officer147 shares at $51.31$7,543Aug 17, 2026
- SaleBrad S ElliottChief Executive Officer, Director2× since Jul 28, 2026: 16,853 shares, avg. $51.05$860,402Jul 30, 2026
- SaleJulie A HuberCOO and EVP7,500 shares at $51.07$383,029Jul 29, 2026
- BuyLisa Ann SchlehuberDirector989 shares at $50.98$50,429Jul 28, 2026
- SaleBrett A ReberGeneral Counsel2× since May 6, 2026: 1,786 shares, avg. $47.78$85,330Jun 11, 2026
- SaleAnn KnutsonChief Human Resources Officer450 shares at $43.93$19,769Mar 19, 2026
- BuyRichard M SemsChief Executive Officer, Bank110 shares at $45.13$4,964Feb 23, 2026
Plus 7 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
EQBK screens overvalued: fair value 51% below the price. Compare with China Merchants Bank Co →
Earlier news
- Equity Bancshares Non-GAAP EPS of $1.40 beats by $0.14, revenue of $83.74M misses by $6.98M
- Equity Bancshares falls over 5% as Q3 results disappoint
- Don't Overlook These Top Bank Stocks as Q3 Earnings Approach: EQBK, HOMB
- Equity Bancshares Director Rogerson Buys 2,000 Shares for $100,000
Compare Equity Bancshares, Inc. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs EQBK |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs EQBK |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs EQBK |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs EQBK |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs EQBK |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs EQBK |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs EQBK |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs EQBK |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs EQBK |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs EQBK |
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Key figures of Equity Bancshares, Inc.
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