Equity Bancshares Priced, Nasdaq: EQBK

Commercial bank with $1.4 billion in assets and 25 locations in KS and MO.

Industry: Financials

Latest Trade: $30.03 0.00 (0.0%)

First Day Return: +6.2%

Return from IPO: +33.5%

Industry: Financials

We are a bank holding company headquartered in Wichita, Kansas. Our wholly-owned banking subsidiary, Equity Bank, provides a broad range of financial services primarily to businesses and business owners as well as individuals through our network of 25 full service branches located in Kansas and Missouri. As of June 30, 2015, we had consolidated total assets of $1.4 billion, total loans of $828.5 million (net of allowances), total deposits of $1.0 billion and total stockholders’ equity of $121.7 million. During the six-month periods ended June 30, 2015 and 2014, net income was $5.0 million and $4.8 million. Net income for the year ended December 31, 2014 was $9.0 million compared to $7.9 million for the prior year ended December 31, 2013, an increase of $1.1 million, or 14.1%.
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IPO News for Equity Bancshares
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IPO Data
IPO File Date 10/09/2015
Offer Price $22.50
Price Range $22.00 - $24.00
Offer Shares (mm) 1.9
Deal Size ($mm) $44
IPO Data
IPO Date 11/10/2015
Offer Price $22.50
Price Range $22.00 - $24.00
Offer Shares (mm) 1.9
Deal Size ($mm) $44
Underwriters
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Company Data
Headquarters Wichita, KS
Founded 2002
Employees 262
Website www.equitybank.com