To answer your question, firstly I would strongly recommend looking at the Documentation.
Without overriding the equals() method, it will act like "==". When you use the "==" operator on objects, it simply checks to see if those pointers refer to the same object. Not if their members contain the same value.
We override to keep our code clean, and abstract the comparison logic from the If statement, into the object. This is considered good practice and takes advantage of Java's heavily Object Oriented Approach.