The third quarter financial performance of Equity Bancshares, Inc. (NASDAQ: EQBK) was made public. The report was unveiled following the closing bell today evening.
The findings have captured the interest of Wall Street, with earnings exceeding forecasts but revenues failing to meet market expectations.
The revenues amounting to $55.35 million, did not meet market predicted $56.09 million for the quarter.
During the quarter the establishment recorded an adjusted income of $1.31 per share, surpassed the analysts estimated $1.00 profit per share.
On a GAAP basis, the company reported a quarterly net income of $1.28 per share, which represents a 60 percent rise from the corresponding quarter of the previous year.
The revenues advanced 11.26 percent, while per share profit advanced 63.75 percent when looking at the similar quarter of year ago.
Equity Bancshares (EQBK) closed Tuesday's regular trading session at $43.43, marking a 3.18 percent advance. During the day, EQBK shares traded between $42.47 and $43.90, with a day volume of 49.70 thousand shares.
