Equity Bancshares, Inc. Reports Net Charge Offs for Three Months Ended December 31, 2019
January 23, 2020 at 04:30 pm EST
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Equity Bancshares, Inc. reported net charge offs for three months ended December 31, 2019. For the quarter, the company had net charge-offs of $6.7 million, of which $5.0 million was related to the credit relationship for which it provisioned $14.5 million during the first quarter of 2019, as compared to net charge-offs of $307,000 for the same period in 2018.
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 74 locations in Kansas, Missouri, Arkansas, and Oklahoma. The Bankâs operations involve the delivery of loan and deposit products to its customers. The Bank offers commercial loans, consumer banking, mortgage loans, trust and wealth management services, treasury management service and other 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. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) origination and stop payments.