Equity Bancshares公佈第二季業績 淨收入2640萬美元 每股盈利1.27美元

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 EX-99.1
 
 
 Equity Bancshares, Inc. Exhibit 99.1
PRESS RELEASE

 Equity Bancshares, Inc. Second Quarter Results Highlighted by Strong Earnings Momentum and Margin Expansion
 
EPS of $1.27 and Core EPS of $1.41 Reflects Franchise Earning Power
 
WICHITA, Kansas, July 14, 2026 (BUSINESSWIRE) – Equity Bancshares, Inc. (NYSE: EQBK), (“Equity”, “the Company,” “we,” “us,” “our”), the Wichita-based holding company of Equity Bank, reported net income of $26.4 million or $1.27 per diluted share for the quarter ended June 30, 2026. Core earnings per diluted share for the quarter was $1.41.
 
“This quarter demonstrates what we wanted to accomplish when we entered into and then closed the Frontier transaction on January 1. It has driven growth in both earnings and efficiency. Our ROATCE was 16.6% and our efficiency ratio was 53.4% both improving meaningfully. We have built the franchise to compete and continuously drive improving performance," said Brad S. Elliott, Chairman and CEO of Equity Bancshares.”
 
“The core conversion is complete, the integration work is largely behind us, and our team is focused on what we do best: growing relationships, serving customers, and producing results. The second half of 2026 is about execution and organic growth, and Rick Sems has done a great job working with the entire team, both old and new, to position them to have the ability to grow organically," Mr. Elliott continued.
 
Notable Items:
 
 
•Net interest income was $73.8 million, up modestly quarter over quarter and 48.3% year over year. Margin expanded in the period from 4.33% to 4.36%. Loan purchase accounting accretion was $2.9 million in the quarter.

•Efficiency ratio for the period improved to 53.4% from 56.7% in the previous period. As compared to the same period in 2025, the ratio improved 10.2 percentage points, or 16.1%. Non-interest expense, adjusted for merger expenses and intangible amortization, as a percentage of average assets improved 14 basis points quarter over quarter and 54 basis points year over year. 

•Return on average equity for the quarter was 12.9%, up from 8.2% in the previous quarter. Adjusting for merger costs and amortization of intangible assets in both periods, return on tangible common equity ("ROATCE") improved to 16.6% from 16.1% in the previous quarter. As compared to the same period in the prior year, return on tangible common equity improved 4.9%, from 11.7%. Core ROATCE was 17.2% for the quarter.

•Book value per share increased to $40.22 from $39.37 and tangible book value per share increased to $33.45 from $32.58. Tangible common equity to tangible common assets closed the quarter at 9.1%.

•During the quarter, the Company realized net charge-offs of $1.7 million. The allowance for credit losses (“ACL”) closed the quarter at 1.19% of outstanding balances, while ACL plus purchase discounts on loans closed the quarter at 1.73%.

•The Company announced an $0.18 dividend on outstanding common shares as of June 30, 2026. During the quarter, the Company repurchased 211,369 shares at a weighted average cost of $45.02 per share. Year to date the Company has repurchased 711,369 shares at a weighted average cost of $44.84. Under the currently active repurchase plan, 116,293 additional shares are authorized for purchase.

 
 
 
 
 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 Financial Results for the Quarter Ended June 30, 2026
Net income was $26.4 million, or $1.27 per diluted share, as compared to $17.0 million, or $0.80 per diluted share in the prior quarter. Core net income was $29.4 million or $1.41 per diluted share, demonstrating the underlying earnings power of the franchise.
The drivers of the current period results are discussed in detail in the following sections. 
 
Net Interest Income
 
Net interest income was $73.9 million for the period, as compared to $73.7 million in the previous quarter. Net interest margin was 4.36%, up 3 basis points from 4.33% in the prior quarter. The expansion was driven by a favorable shift in earning asset composition toward higher-yielding categories and increased discount accretion on bonds called during the quarter. Average interest-earning assets were $6.8 billion. The yield on interest-earning assets increased 1 basis point while cost of interest-bearing liabilities decreased by 5 basis points. Looking ahead, management anticipates a modestly lower margin of 4.25% to 4.35% for the remainder of 2026 as earning assets expand.
 
Provision for Credit Losses
 
During the quarter, the Company recognized a provision for loan losses of $1.3 million, decreasing significantly from the prior quarter which was elevated due to integration of Frontier balances into the reserve framework. Net charge-offs were $1.7 million, or an annualized 12 basis points of average loans. At quarter end, ACL to gross loans held for investment was 1.19% and ACL plus purchase discounts was 1.73%. The Company continues to estimate the allowance with assumptions reflecting slower prepayment rates and continued disruption from trade policy, elevated inflation, and monetary policy pressures.
 
Non-Interest Income
 
Total non-interest income was $8.1 million, down $1.4 million from the prior quarter. Results were negatively impacted by losses on security transactions and the write-down of a fund investment of $2.2 million. Adjusted for these losses, non-interest income was $10.3 million, up $0.7 million linked quarter, reflecting growth in debit and credit card income along with expansion in mortgage and trust and wealth management revenue. Non-interest income for the second half of 2026 is expected in the range of $18 to $22 million.
 
Non-Interest Expense
 
Total non-interest expense was $46.9 million as compared to $55.0 million for the prior quarter. Excluding merger expenses in both periods, non-interest expense was $46.8 million versus $49.2 million, a decrease of $2.5 million or 5.1%. The improvement reflects ongoing operational efficiency gains and the impact of the core system conversion completed in the first quarter. Non-interest expense for the second half of 2026 is expected in the range of $94 to $98 million.
 
Income Tax Expense
 
At June 30, 2026, the effective tax rate for the quarter was 21.6% as compared to 23.7% for the quarter ended March 31, 2026. The decrease in the effective tax rate was primarily attributable to the nonrecurrence of state tax expense recognized in the first quarter related to the remeasurement of deferred tax assets, partially offset by lower tax benefits associated with restricted stock units in the second quarter. The first-quarter remeasurement was driven by decreased state apportionment, which resulted in certain deferred tax assets being measured at a lower state tax rate. The year-to-date tax rate is 22.4% as compared to 18.6% at June 30, 2025.
 
 
 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 Loans, Total Assets and Funding
 
Loans held for investment were $5.4 billion at period end, decreasing $22.6 million during the quarter. Total assets closed the quarter at $7.7 billion, remaining consistent with the prior quarter end.
 
Total deposit balances closed the quarter at $6.3 billion, remaining consistent with the previous quarter end. Brokered deposits closed the quarter at 8.0% of total deposits up from 5.7% at prior quarter end.
 
Asset Quality
 
Nonperforming assets were $66.3 million, or 0.86% of total assets, compared to $58.4 million or 0.76% at prior quarter end. The increase is primarily attributable to additions from the Frontier portfolio. Classified assets to regulatory capital remained stable at 11.9%. The Company continues to actively manage credit quality across all markets.
 
Capital
 
Book capital increased $9.6 million quarter over quarter to $827.3 million. Tangible book value per share closed at $33.45, up from $32.58 at prior quarter end. CET1 capital was 11.84%, total risk-based capital was 14.66%, and the leverage ratio was 9.97%. The Company has repurchased 711,369 shares year to date at a weighted average price of $44.84 per share. The dividend payout ratio year to date was 17.4%, within the Company's 10 to 20% target range.
 
Non-GAAP Financial Measures
 
In addition to evaluating the Company’s results of operations in accordance with accounting principles generally accepted in the United States of America (“GAAP”), management periodically supplements this evaluation with an analysis of certain non-GAAP financial measures that are intended to provide the reader with additional perspectives on operating results, financial condition and performance trends, while facilitating comparisons with the performance of other financial institutions. Non-GAAP financial measures are not a substitute for GAAP measures, rather, they should be read and used in conjunction with the Company’s GAAP financial information.
 
The efficiency ratio is a common comparable metric used by banks to understand the expense structure relative to total revenue. In other words, for every dollar of total revenue recognized, how much of that dollar is expended. To improve the comparability of the ratio to our peers, non-core items are excluded. To improve transparency and acknowledging that banks are not consistent in their definition of the efficiency ratio, we include our calculation of this non-GAAP measure.
 
Core income calculations are a non-GAAP measure that management believes is an effective alternative measure of how efficiently the company utilizes its asset base. Core income is calculated by adjusting GAAP income by non-core gains and losses and excluding non-core expenses, net of tax, as outlined in the table below. We calculate (a) core net income (loss) allocable to common stockholders plus merger expenses, tax effected non-core items, goodwill impairment and BOLI tax adjustment, less gain (loss) from securities transactions; (b) adjusted operating net income as net income (loss) allocable to common stockholders plus adjusted non-core items, tax effected non-core items and BOLI tax adjustments.
 
Core return on average assets before income tax provision and provision for loan losses is a measure that the Company uses to understand fundamental operating performance before these expenses. Used as a ratio relative to average assets, we believe it demonstrates “core” performance and can be viewed as an alternative measure of how efficiently the Company services its asset base. Used as a ratio relative to average equity, it can function as an alternative measure of the Company’s earnings performance in relationship to its equity.
 
Core return on average equity is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate by taking core net income allocable to common stockholders divided by a simple average of net income and core net income plus average stockholders' equity. For return on average equity, the most directly comparable financial measure calculated in accordance with GAAP is return on average equity.

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

  
Core earnings per share is a non-GAAP financial measure we calculate by taking GAAP net income less non-core impacts to net income to arrive at core net income and core diluted earnings per share. This financial measure is used by financial statement users to evaluate the core financial performance of the Company.
 
Tangible common equity and related measures are non-GAAP financial measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These financial measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Return on average tangible common equity is used by management and readers of our financial statements to understand how efficiently the Company is deploying its common equity. Companies that are able to demonstrate more efficient use of common equity are more likely to be viewed favorably by current and prospective investors.
 
The Company believes that disclosing these non-GAAP financial measures is both useful internally and is expected by our investors and analysts in order to understand the overall performance of the Company. Other companies may calculate and define their non-GAAP financial measures and supplemental data differently. A reconciliation of GAAP financial measures to non-GAAP measures and other performance ratios, as adjusted, are included in Table 6 in the following press release tables.
 
Conference Call and Webcast
 
Equity's Chairman and Chief Executive Officer, Brad Elliott, Chief Executive Officer of Equity Bank, Rick Sems, and Chief Financial Officer, Chris Navratil, will hold a conference call and webcast on July 15, 2026 at 9:00 a.m. Central Time to discuss the Company's financial results. 
 
Those wishing to participate in the conference call should call the applicable number below and reference the Access Code below.
 
United States (Local): +1 626 884 3620United States (Toll-Free): +1 833 461 5787 
Global Dial-In Numbers 
Access Code: 797391070
 
To eliminate wait times, conference call participants may pre-register using this registration link. After registering, a confirmation with access details will be sent via email.
 
A replay of the call and webcast will be available two hours following the close of the call until July 31, 2026, accessible at investor.equitybank.com. Webcast URL: https://events.q4inc.com/attendee/797391070
 
About Equity Bancshares, Inc.
 
Equity Bancshares, Inc. is a Wichita-based bank holding company. Equity Bank serves customers in Kansas, Missouri, Oklahoma, Arkansas, Nebraska, and Iowa, with total assets of $7.7 billion as of June 30, 2026. More information is available at equitybank.com.
 
 
Special Note Concerning Forward-Looking Statements 
 
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of Equity’s management with respect to, among other things, future events and Equity’s financial performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 “intend,” “plan,” “project,” “positioned,” “forecast,” “goal,” “target,” “would” and “outlook,” or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity’s control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity’s expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; the possibility that the expected benefits related to the proposed transaction with Frontier Bank (“Frontier”) may not materialize as expected; and the ability to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; and similar variables. The foregoing list of factors is not exhaustive.
 
 
For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Equity’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2026, as amended, and any updates to those risk factors set forth in Equity’s subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity’s underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equity’s behalf may issue.
 
 
Investor Contact:
 
Chris M. Navratil
EVP, Chief Financial Officer
Equity Bancshares, Inc.
(316) 612-6014
[email protected] 
 
Media Contact:
 
Russell Colburn
Public Relations and Communication Manager
Equity Bancshares, Inc.
(913) 583-8011
[email protected] 
 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 Unaudited Financial Tables
 
 
•Table 1. Consolidated Statements of Income

•Table 2. Quarterly Consolidated Statements of Income

•Table 3. Consolidated Balance Sheets

•Table 4. Selected Financial Highlights

•Table 5. Year-To-Date Net Interest Income Analysis

•Table 6. Quarter-To-Date Net Interest Income Analysis

•Table 7. Quarter-Over-Quarter Net Interest Income Analysis

•Table 8. Non-GAAP Financial Measures

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 TABLE 1. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

  

 

 
 (Dollars in thousands, except per share data)

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

 Three Months EndedJune 30,

  

  

 Six Months endedJune 30,

  

 

 
  

  

 2026

  

  

 2025

  

  

 2026

  

  

 2025

  

 

 
 Interest and dividend income

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans, including fees

  

 $

 90,577

  

  

 $

 62,868

  

  

 $

 182,039

  

  

 $

 125,865

  

 

 
 Securities, taxable

  

  

 14,878

  

  

  

 8,821

  

  

  

 28,537

  

  

  

 17,935

  

 

 
 Securities, nontaxable

  

  

 207

  

  

  

 358

  

  

  

 429

  

  

  

 735

  

 

 
 Federal funds sold and other

  

  

 2,162

  

  

  

 2,140

  

  

  

 4,843

  

  

  

 4,336

  

 

 
 Total interest and dividend income

  

  

 107,824

  

  

  

 74,187

  

  

  

 215,848

  

  

  

 148,871

  

 

 
 Interest expense

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Deposits

  

  

 30,143

  

  

  

 20,090

  

  

  

 60,621

  

  

  

 39,467

  

 

 
 Federal funds purchased and retail repurchase agreements

  

  

 208

  

  

  

 219

  

  

  

 400

  

  

  

 467

  

 

 
 Federal Home Loan Bank advances

  

  

 1,786

  

  

  

 2,224

  

  

  

 3,672

  

  

  

 5,140

  

 

 
 Federal Reserve Bank borrowings

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Bank stock loan

  

  

 —

  

  

  

 —

  

  

  

 4

  

  

  

 —

  

 

 
 Subordinated debt

  

  

 1,815

  

  

  

 1,852

  

  

  

 3,615

  

  

  

 3,703

  

 

 
 Total interest expense

  

  

 33,952

  

  

  

 24,385

  

  

  

 68,312

  

  

  

 48,777

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Net interest income

  

  

 73,872

  

  

  

 49,802

  

  

  

 147,536

  

  

  

 100,094

  

 

 
 Provision (reversal) for credit losses

  

  

 1,304

  

  

  

 19

  

  

  

 7,259

  

  

  

 2,741

  

 

 
 Net interest income after provision (reversal) for credit losses

  

  

 72,568

  

  

  

 49,783

  

  

  

 140,277

  

  

  

 97,353

  

 

 
 Non-interest income

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Service charges and fees

  

  

 2,414

  

  

  

 2,177

  

  

  

 4,907

  

  

  

 4,241

  

 

 
 Debit card income

  

  

 3,391

  

  

  

 3,052

  

  

  

 6,508

  

  

  

 5,556

  

 

 
 Mortgage banking

  

  

 589

  

  

  

 212

  

  

  

 937

  

  

  

 318

  

 

 
 Increase in value of bank-owned life insurance

  

  

 1,623

  

  

  

 1,321

  

  

  

 3,021

  

  

  

 4,914

  

 

 
 Net gain on acquisition and branch sales

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Net gains (losses) from securities transactions

  

  

 (1,213

 )

  

  

 12

  

  

  

 (1,321

 )

  

  

 24

  

 

 
 Other

  

  

 1,254

  

  

  

 1,815

  

  

  

 3,493

  

  

  

 3,866

  

 

 
 Total non-interest income

  

  

 8,058

  

  

  

 8,589

  

  

  

 17,545

  

  

  

 18,919

  

 

 
 Non-interest expense

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Salaries and employee benefits

  

  

 24,594

  

  

  

 19,735

  

  

  

 50,849

  

  

  

 39,689

  

 

 
 Net occupancy and equipment

  

  

 4,624

  

  

  

 3,482

  

  

  

 9,413

  

  

  

 7,157

  

 

 
 Data processing

  

  

 5,190

  

  

  

 5,055

  

  

  

 10,578

  

  

  

 10,141

  

 

 
 Professional fees

  

  

 1,400

  

  

  

 1,361

  

  

  

 3,168

  

  

  

 2,888

  

 

 
 Advertising and business development

  

  

 1,547

  

  

  

 1,208

  

  

  

 3,213

  

  

  

 2,552

  

 

 
 Telecommunications

  

  

 604

  

  

  

 588

  

  

  

 1,294

  

  

  

 1,175

  

 

 
 FDIC insurance

  

  

 1,165

  

  

  

 464

  

  

  

 1,930

  

  

  

 1,094

  

 

 
 Courier and postage

  

  

 518

  

  

  

 834

  

  

  

 1,163

  

  

  

 1,633

  

 

 
 Free nationwide ATM cost

  

  

 595

  

  

  

 547

  

  

  

 1,161

  

  

  

 1,060

  

 

 
 Amortization of core deposit intangibles

  

  

 2,240

  

  

  

 1,016

  

  

  

 4,168

  

  

  

 2,061

  

 

 
 Loan expense

  

  

 546

  

  

  

 281

  

  

  

 1,044

  

  

  

 410

  

 

 
 Other real estate owned and repossessed assets, net

  

  

 35

  

  

  

 103

  

  

  

 126

  

  

  

 204

  

 

 
 Loss on debt extinguishment

  

  

 —

  

  

  

 1,361

  

  

  

 —

  

  

  

 1,361

  

 

 
 Merger expenses

  

  

 133

  

  

  

 355

  

  

  

 5,858

  

  

  

 421

  

 

 
 Other

  

  

 3,694

  

  

  

 3,611

  

  

  

 7,889

  

  

  

 7,205

  

 

 
 Total non-interest expense

  

  

 46,885

  

  

  

 40,001

  

  

  

 101,854

  

  

  

 79,051

  

 

 
 Income (loss) before income tax

  

  

 33,741

  

  

  

 18,371

  

  

  

 55,968

  

  

  

 37,221

  

 

 
 Provision for income taxes (benefit)

  

  

 7,302

  

  

  

 3,107

  

  

  

 12,563

  

  

  

 6,916

  

 

 
 Net income (loss) and net income (loss) allocable to common stockholders

  

 $

 26,439

  

  

 $

 15,264

  

  

 $

 43,405

  

  

 $

 30,305

  

 

 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 Basic earnings (loss) per share

  

 $

 1.28

  

  

 $

 0.87

  

  

 $

 2.08

  

  

 $

 1.73

  

 

 
 Diluted earnings (loss) per share

  

 $

 1.27

  

  

 $

 0.86

  

  

 $

 2.06

  

  

 $

 1.72

  

 

 
 Weighted average common shares

  

  

 20,624,793

  

  

  

 17,524,296

  

  

  

 20,829,784

  

  

  

 17,503,735

  

 

 
 Weighted average diluted common shares

  

  

 20,825,444

  

  

  

 17,651,298

  

  

  

 21,037,028

  

  

  

 17,654,211

  

 

  
 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

  

 

 
 (Dollars in thousands, except per share data)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

 As of and for the Three Months Ended

  

 

 
  

  

 June 30,2026

  

  

 March 31,2026

  

  

 December 31,2025

  

  

 September 30,2025

  

  

 June 30,2025

  

 

 
 Interest and dividend income

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans, including fees

  

 $

 90,577

  

  

 $

 91,462

  

  

 $

 74,362

  

  

 $

 76,911

  

  

 $

 62,868

  

 

 
 Securities, taxable

  

  

 14,878

  

  

  

 13,659

  

  

  

 11,450

  

  

  

 9,416

  

  

  

 8,821

  

 

 
 Securities, nontaxable

  

  

 207

  

  

  

 222

  

  

  

 179

  

  

  

 307

  

  

  

 358

  

 

 
 Federal funds sold and other

  

  

 2,162

  

  

  

 2,681

  

  

  

 4,875

  

  

  

 4,464

  

  

  

 2,140

  

 

 
 Total interest and dividend income

  

  

 107,824

  

  

  

 108,024

  

  

  

 90,866

  

  

  

 91,098

  

  

  

 74,187

  

 

 
 Interest expense

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Deposits

  

  

 30,143

  

  

  

 30,478

  

  

  

 23,998

  

  

  

 24,990

  

  

  

 20,090

  

 

 
 Federal funds purchased and retail repurchase agreements

  

  

 208

  

  

  

 192

  

  

  

 206

  

  

  

 263

  

  

  

 219

  

 

 
 Federal Home Loan Bank advances

  

  

 1,786

  

  

  

 1,886

  

  

  

 1,327

  

  

  

 1,741

  

  

  

 2,224

  

 

 
 Bank stock loan

  

  

 —

  

  

  

 4

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Subordinated debt

  

  

 1,815

  

  

  

 1,800

  

  

  

 1,833

  

  

  

 1,619

  

  

  

 1,852

  

 

 
 Total interest expense

  

  

 33,952

  

  

  

 34,360

  

  

  

 27,364

  

  

  

 28,613

  

  

  

 24,385

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Net interest income

  

  

 73,872

  

  

  

 73,664

  

  

  

 63,502

  

  

  

 62,485

  

  

  

 49,802

  

 

 
 Provision (reversal) for credit losses

  

  

 1,304

  

  

  

 5,955

  

  

  

 (16

 )

  

  

 6,228

  

  

  

 19

  

 

 
 Net interest income after provision (reversal) for credit losses

  

  

 72,568

  

  

  

 67,709

  

  

  

 63,518

  

  

  

 56,257

  

  

  

 49,783

  

 

 
 Non-interest income

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Service charges and fees

  

  

 2,414

  

  

  

 2,493

  

  

  

 2,558

  

  

  

 2,522

  

  

  

 2,177

  

 

 
 Debit card income

  

  

 3,391

  

  

  

 3,117

  

  

  

 2,905

  

  

  

 2,953

  

  

  

 3,052

  

 

 
 Mortgage banking

  

  

 589

  

  

  

 348

  

  

  

 187

  

  

  

 62

  

  

  

 212

  

 

 
 Increase in value of bank-owned life insurance

  

  

 1,623

  

  

  

 1,398

  

  

  

 1,410

  

  

  

 1,393

  

  

  

 1,321

  

 

 
 Net gains (losses) from securities transactions

  

  

 (1,213

 )

  

  

 (108

 )

  

  

 154

  

  

  

 (53,352

 )

  

  

 12

  

 

 
 Other

  

  

 1,254

  

  

  

 2,239

  

  

  

 2,318

  

  

  

 1,943

  

  

  

 1,815

  

 

 
 Total non-interest income

  

  

 8,058

  

  

  

 9,487

  

  

  

 9,532

  

  

  

 (44,479

 )

  

  

 8,589

  

 

 
 Non-interest expense

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Salaries and employee benefits

  

  

 24,594

  

  

  

 26,255

  

  

  

 22,324

  

  

  

 22,773

  

  

  

 19,735

  

 

 
 Net occupancy and equipment

  

  

 4,624

  

  

  

 4,789

  

  

  

 4,327

  

  

  

 4,317

  

  

  

 3,482

  

 

 
 Data processing

  

  

 5,190

  

  

  

 5,388

  

  

  

 5,251

  

  

  

 4,887

  

  

  

 5,055

  

 

 
 Professional fees

  

  

 1,400

  

  

  

 1,768

  

  

  

 1,909

  

  

  

 1,670

  

  

  

 1,361

  

 

 
 Advertising and business development

  

  

 1,547

  

  

  

 1,666

  

  

  

 1,371

  

  

  

 1,305

  

  

  

 1,208

  

 

 
 Telecommunications

  

  

 604

  

  

  

 690

  

  

  

 657

  

  

  

 630

  

  

  

 588

  

 

 
 FDIC insurance

  

  

 1,165

  

  

  

 765

  

  

  

 832

  

  

  

 653

  

  

  

 464

  

 

 
 Courier and postage

  

  

 518

  

  

  

 645

  

  

  

 858

  

  

  

 744

  

  

  

 834

  

 

 
 Free nationwide ATM cost

  

  

 595

  

  

  

 566

  

  

  

 562

  

  

  

 582

  

  

  

 547

  

 

 
 Amortization of core deposit intangibles

  

  

 2,240

  

  

  

 1,928

  

  

  

 1,260

  

  

  

 1,182

  

  

  

 1,016

  

 

 
 Loan expense

  

  

 546

  

  

  

 498

  

  

  

 150

  

  

  

 330

  

  

  

 281

  

 

 
 Other real estate owned and repossessed assets, net

  

  

 35

  

  

  

 91

  

  

  

 28

  

  

  

 797

  

  

  

 103

  

 

 
 Loss on debt extinguishment

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 1,361

  

 

 
 Merger expenses

  

  

 133

  

  

  

 5,725

  

  

  

 1,481

  

  

  

 6,163

  

  

  

 355

  

 

 
 Other

  

  

 3,694

  

  

  

 4,195

  

  

  

 5,577

  

  

  

 3,049

  

  

  

 3,611

  

 

 
 Total non-interest expense

  

  

 46,885

  

  

  

 54,969

  

  

  

 46,587

  

  

  

 49,082

  

  

  

 40,001

  

 

 
 Income (loss) before income tax

  

  

 33,741

  

  

  

 22,227

  

  

  

 26,463

  

  

  

 (37,304

 )

  

  

 18,371

  

 

 
 Provision for income taxes (benefit)

  

  

 7,302

  

  

  

 5,261

  

  

  

 4,379

  

  

  

 (7,641

 )

  

  

 3,107

  

 

 
 Net income (loss) and net income (loss) allocable to common stockholders

  

 $

 26,439

  

  

 $

 16,966

  

  

 $

 22,084

  

  

 $

 (29,663

 )

  

 $

 15,264

  

 

 
 Basic earnings (loss) per share

  

 $

 1.28

  

  

 $

 0.81

  

  

 $

 1.16

  

  

 $

 (1.55

 )

  

 $

 0.87

  

 

 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 Diluted earnings (loss) per share

  

 $

 1.27

  

  

 $

 0.80

  

  

 $

 1.15

  

  

 $

 (1.55

 )

  

 $

 0.86

  

 

 
 Weighted average common shares

  

  

 20,624,793

  

  

  

 21,037,054

  

  

  

 19,021,327

  

  

  

 19,129,726

  

  

  

 17,524,296

  

 

 
 Weighted average diluted common shares

  

  

 20,825,444

  

  

  

 21,263,164

  

  

  

 19,235,412

  

  

  

 19,129,726

  

  

  

 17,651,298

  

 

 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 TABLE 3. CONSOLIDATED BALANCE SHEETS (Unaudited) 
(Dollars in thousands)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 June 30,2026

  

  

 March 31,2026

  

  

 December 31, 2025

  

  

 September 30, 2025

  

  

 June 30, 2025

  

 

 
 ASSETS

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Cash and due from banks

  

 $

 546,129

  

  

 $

 563,766

  

  

 $

 607,562

  

  

 $

 699,165

  

  

 $

 365,957

  

 

 
 Federal funds sold

  

  

 402

  

  

  

 399

  

  

  

 255

  

  

  

 245

  

  

  

 247

  

 

 
 Cash and cash equivalents

  

  

 546,531

  

  

  

 564,165

  

  

  

 607,817

  

  

  

 699,410

  

  

  

 366,204

  

 

 
 Interest-bearing time deposits in other banks

  

  

 579

  

  

  

 932

  

  

  

 575

  

  

  

 574

  

  

  

 —

  

 

 
 Available-for-sale securities

  

  

 1,229,692

  

  

  

 1,125,162

  

  

  

 1,030,568

  

  

  

 903,858

  

  

  

 973,402

  

 

 
 Held-to-maturity securities

  

  

 5,168

  

  

  

 5,254

  

  

  

 5,248

  

  

  

 5,243

  

  

  

 5,236

  

 

 
 Loans held for sale

  

  

 2,723

  

  

  

 7,631

  

  

  

 1,392

  

  

  

 617

  

  

  

 217

  

 

 
 Loans, net of allowance for credit losses(1)

  

  

 5,341,305

  

  

  

 5,364,030

  

  

  

 4,145,424

  

  

  

 4,215,118

  

  

  

 3,555,458

  

 

 
 Other real estate owned, net

  

  

 3,793

  

  

  

 5,026

  

  

  

 5,388

  

  

  

 3,147

  

  

  

 4,621

  

 

 
 Premises and equipment, net

  

  

 141,098

  

  

  

 140,648

  

  

  

 136,720

  

  

  

 132,857

  

  

  

 117,533

  

 

 
 Bank-owned life insurance

  

  

 150,514

  

  

  

 149,699

  

  

  

 148,301

  

  

  

 146,891

  

  

  

 133,638

  

 

 
 Federal Reserve Bank and Federal Home Loan Bank stock

  

  

 42,719

  

  

  

 38,806

  

  

  

 34,053

  

  

  

 33,713

  

  

  

 34,835

  

 

 
 Interest receivable

  

  

 37,730

  

  

  

 39,966

  

  

  

 33,322

  

  

  

 34,751

  

  

  

 26,243

  

 

 
 Goodwill

  

  

 105,356

  

  

  

 104,958

  

  

  

 82,101

  

  

  

 77,573

  

  

  

 53,101

  

 

 
 Core deposit intangibles, net

  

  

 28,296

  

  

  

 30,536

  

  

  

 21,634

  

  

  

 22,895

  

  

  

 12,908

  

 

 
 Other

  

  

 90,117

  

  

  

 90,557

  

  

  

 120,629

  

  

  

 88,984

  

  

  

 90,441

  

 

 
 Total assets

  

 $

 7,725,621

  

  

 $

 7,667,370

  

  

 $

 6,373,172

  

  

 $

 6,365,631

  

  

 $

 5,373,837

  

 

 
 LIABILITIES AND STOCKHOLDERS’ EQUITY

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Deposits

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Demand

  

 $

 1,174,903

  

  

 $

 1,274,533

  

  

 $

 1,148,409

  

  

 $

 1,147,201

  

  

 $

 912,898

  

 

 
 Total non-interest-bearing deposits

  

  

 1,174,903

  

  

  

 1,274,533

  

  

  

 1,148,409

  

  

  

 1,147,201

  

  

  

 912,898

  

 

 
 Demand, savings and money market

  

  

 3,445,538

  

  

  

 3,504,698

  

  

  

 3,004,987

  

  

  

 2,882,625

  

  

  

 2,494,285

  

 

 
 Time

  

  

 1,683,376

  

  

  

 1,521,679

  

  

  

 984,868

  

  

  

 1,064,943

  

  

  

 827,735

  

 

 
 Total interest-bearing deposits

  

  

 5,128,914

  

  

  

 5,026,377

  

  

  

 3,989,855

  

  

  

 3,947,568

  

  

  

 3,322,020

  

 

 
 Total deposits

  

  

 6,303,817

  

  

  

 6,300,910

  

  

  

 5,138,264

  

  

  

 5,094,769

  

  

  

 4,234,918

  

 

 
 Federal funds purchased and retail repurchase agreements

  

  

 42,826

  

  

  

 39,009

  

  

  

 39,864

  

  

  

 42,220

  

  

  

 36,420

  

 

 
 Federal Home Loan Bank advances and Federal Reserve Bank borrowings

  

  

 385,408

  

  

  

 347,660

  

  

  

 300,000

  

  

  

 341,378

  

  

  

 383,676

  

 

 
 Subordinated debt

  

  

 98,377

  

  

  

 98,263

  

  

  

 98,145

  

  

  

 98,174

  

  

  

 24,125

  

 

 
 Contractual obligations

  

  

 8,520

  

  

  

 9,678

  

  

  

 10,208

  

  

  

 16,664

  

  

  

 17,289

  

 

 
 Interest payable and other liabilities

  

  

 59,415

  

  

  

 54,240

  

  

  

 54,637

  

  

  

 60,534

  

  

  

 41,773

  

 

 
 Total liabilities

  

  

 6,898,363

  

  

  

 6,849,760

  

  

  

 5,641,118

  

  

  

 5,653,739

  

  

  

 4,738,201

  

 

 
 Commitments and contingent liabilities

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Stockholders’ equity

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Common stock

  

  

 273

  

  

  

 273

  

  

  

 249

  

  

  

 249

  

  

  

 231

  

 

 
 Additional paid-in capital

  

  

 767,608

  

  

  

 766,016

  

  

  

 664,906

  

  

  

 658,481

  

  

  

 587,547

  

 

 
 Retained earnings

  

  

 241,225

  

  

  

 218,534

  

  

  

 205,328

  

  

  

 186,718

  

  

  

 219,876

  

 

 
 Accumulated other comprehensive income (loss), net of tax

  

  

 (3,820

 )

  

  

 930

  

  

  

 7,032

  

  

  

 4,720

  

  

  

 (40,269

 )

 

 
 Treasury stock

  

  

 (178,028

 )

  

  

 (168,143

 )

  

  

 (145,461

 )

  

  

 (138,276

 )

  

  

 (131,749

 )

 

 
 Total stockholders’ equity

  

  

 827,258

  

  

  

 817,610

  

  

  

 732,054

  

  

  

 711,892

  

  

  

 635,636

  

 

 
 Total liabilities and stockholders’ equity

  

 $

 7,725,621

  

  

 $

 7,667,370

  

  

 $

 6,373,172

  

  

 $

 6,365,631

  

  

 $

 5,373,837

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 (1) Allowance for credit losses

  

 $

 64,413

  

  

 $

 64,245

  

  

 $

 52,756

  

  

 $

 53,469

  

  

 $

 45,270

  

 

  

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 TABLE 4. SELECTED FINANCIAL HIGHLIGHTS (Unaudited)

  

 

 
 (Dollars in thousands, except per share data)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

 As of and for the Three Months Ended

  

 

 
  

  

 June 30,

  

  

 March 31,

  

  

 December 31,

  

  

 September 30,

  

  

 June 30,

  

 

 
  

  

 2026

  

  

 2026

  

  

 2025

  

  

 2025

  

  

 2025

  

 

 
 Loans Held For Investment by Type

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Commercial real estate

  

 $

 2,968,281

  

  

 $

 2,958,263

  

  

 $

 2,226,348

  

  

 $

 2,216,180

  

  

 $

 1,854,294

  

 

 
 Commercial and industrial

  

  

 955,380

  

  

  

 967,049

  

  

  

 816,885

  

  

  

 907,439

  

  

  

 753,339

  

 

 
 Residential real estate

  

  

 710,948

  

  

  

 720,441

  

  

  

 582,145

  

  

  

 590,598

  

  

  

 565,755

  

 

 
 Agricultural real estate

  

  

 419,830

  

  

  

 431,308

  

  

  

 278,927

  

  

  

 272,087

  

  

  

 226,125

  

 

 
 Agricultural

  

  

 247,327

  

  

  

 249,053

  

  

  

 188,475

  

  

  

 174,517

  

  

  

 94,981

  

 

 
 Consumer

  

  

 103,952

  

  

  

 102,161

  

  

  

 105,400

  

  

  

 107,766

  

  

  

 106,234

  

 

 
 Total loans held-for-investment

  

  

 5,405,718

  

  

  

 5,428,275

  

  

  

 4,198,180

  

  

  

 4,268,587

  

  

  

 3,600,728

  

 

 
 Allowance for credit losses

  

  

 (64,413

 )

  

  

 (64,245

 )

  

  

 (52,756

 )

  

  

 (53,469

 )

  

  

 (45,270

 )

 

 
 Net loans held for investment

  

 $

 5,341,305

  

  

 $

 5,364,030

  

  

 $

 4,145,424

  

  

 $

 4,215,118

  

  

 $

 3,555,458

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Asset Quality Ratios

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Allowance for credit losses on loans to total loans

  

  

 1.19

  %

  

  

 1.18

  %

  

  

 1.26

  %

  

  

 1.25

  %

  

  

 1.26

  %

 

 
 Allowance for credit losses and discounts on loans to    total loans

  

  

 1.73

  %

  

  

 1.77

  %

  

  

 1.67

  %

  

  

 1.71

  %

  

  

 1.44

  %

 

 
 Past due or nonaccrual loans to total loans

  

  

 1.56

  %

  

  

 1.86

  %

  

  

 1.53

  %

  

  

 1.55

  %

  

  

 1.65

  %

 

 
 Nonperforming assets to total assets

  

  

 0.86

  %

  

  

 0.76

  %

  

  

 0.73

  %

  

  

 0.83

  %

  

  

 0.85

  %

 

 
 Nonperforming assets to total loans plus other    real estate owned

  

  

 1.23

  %

  

  

 1.07

  %

  

  

 1.11

  %

  

  

 1.23

  %

  

  

 1.27

  %

 

 
 Classified assets to bank total regulatory capital

  

  

 11.90

  %

  

  

 12.00

  %

  

  

 12.06

  %

  

  

 12.37

  %

  

  

 11.39

  %

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Selected Average Balance Sheet Data (QTD Average)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Investment securities

  

 $

 1,158,422

  

  

 $

 1,126,252

  

  

 $

 937,277

  

  

 $

 915,928

  

  

 $

 961,869

  

 

 
 Total gross loans receivable

  

  

 5,389,418

  

  

  

 5,454,281

  

  

  

 4,209,562

  

  

  

 4,247,338

  

  

  

 3,630,981

  

 

 
 Interest-earning assets

  

  

 6,795,426

  

  

  

 6,896,216

  

  

  

 5,642,066

  

  

  

 5,574,815

  

  

  

 4,791,664

  

 

 
 Total assets

  

  

 7,330,174

  

  

  

 7,451,709

  

  

  

 6,141,284

  

  

  

 6,084,961

  

  

  

 5,206,950

  

 

 
 Interest-bearing deposits

  

  

 4,916,741

  

  

  

 4,921,946

  

  

  

 3,918,343

  

  

  

 3,838,731

  

  

  

 3,264,599

  

 

 
 Borrowings

  

  

 333,556

  

  

  

 348,714

  

  

  

 276,531

  

  

  

 300,402

  

  

  

 350,747

  

 

 
 Total interest-bearing liabilities

  

  

 5,250,297

  

  

  

 5,270,660

  

  

  

 4,194,874

  

  

  

 4,139,133

  

  

  

 3,615,346

  

 

 
 Total deposits

  

  

 6,110,974

  

  

  

 6,193,296

  

  

  

 5,073,696

  

  

  

 5,004,830

  

  

  

 4,183,473

  

 

 
 Total liabilities

  

  

 6,505,540

  

  

  

 6,609,629

  

  

  

 5,415,628

  

  

  

 5,369,642

  

  

  

 4,579,847

  

 

 
 Total stockholders' equity

  

  

 824,633

  

  

  

 841,838

  

  

  

 725,651

  

  

  

 715,319

  

  

  

 627,103

  

 

 
 Tangible common equity*

  

  

 684,552

  

  

  

 700,096

  

  

  

 616,872

  

  

  

 620,273

  

  

  

 554,697

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Performance ratios

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Return on average assets (ROAA) annualized

  

  

 1.45

  %

  

  

 0.92

  %

  

  

 1.43

  %

  

  

 (1.93

 )%

  

  

 1.18

  %

 

 
 Return on average equity (ROAE) annualized

  

  

 12.86

  %

  

  

 8.17

  %

  

  

 12.07

  %

  

  

 (16.45

 )%

  

  

 9.76

  %

 

 
 Return on average tangible common equity   (ROATCE) annualized*

  

  

 16.59

  %

  

  

 10.77

  %

  

  

 14.91

  %

  

  

 (18.31

 )%

  

  

 11.69

  %

 

 
 Yield on loans annualized

  

  

 6.74

  %

  

  

 6.80

  %

  

  

 7.01

  %

  

  

 7.18

  %

  

  

 6.94

  %

 

 
 Cost of interest-bearing deposits annualized

  

  

 2.46

  %

  

  

 2.51

  %

  

  

 2.43

  %

  

  

 2.58

  %

  

  

 2.47

  %

 

 
 Cost of total deposits annualized

  

  

 1.98

  %

  

  

 2.00

  %

  

  

 1.88

  %

  

  

 1.98

  %

  

  

 1.93

  %

 

 
 Net interest margin annualized

  

  

 4.36

  %

  

  

 4.33

  %

  

  

 4.47

  %

  

  

 4.45

  %

  

  

 4.17

  %

 

 
 Efficiency ratio*

  

  

 53.38

  %

  

  

 56.68

  %

  

  

 59.98

  %

  

  

 58.31

  %

  

  

 63.62

  %

 

 
 Non-interest income / average assets

  

  

 0.44

  %

  

  

 0.52

  %

  

  

 0.62

  %

  

  

 (2.90

 )%

  

  

 0.66

  %

 

 
 Non-interest expense / average assets

  

  

 2.57

  %

  

  

 2.99

  %

  

  

 3.01

  %

  

  

 3.20

  %

  

  

 3.08

  %

 

 
 Dividend payout ratio

  

  

 14.18

  %

  

  

 22.31

  %

  

  

 15.73

  %

  

  

 (11.78

 )%

  

  

 17.49

  %

 

 
 Performance ratios - Core

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Core earnings per diluted share*

  

 $

 1.41

  

  

 $

 1.32

  

  

 $

 1.26

  

  

 $

 1.21

  

  

 $

 0.99

  

 

 
 Core return on average assets*

  

  

 1.61

  %

  

  

 1.52

  %

  

  

 1.57

  %

  

  

 1.51

  %

  

  

 1.35

  %

 

 
 Core return on average equity*

  

  

 14.26

  %

  

  

 13.41

  %

  

  

 13.23

  %

  

  

 12.47

  %

  

  

 11.18

  %

 

 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 Core return on average tangible common equity*

  

  

 17.17

  %

  

  

 16.10

  %

  

  

 15.56

  %

  

  

 14.30

  %

  

  

 12.64

  %

 

 
 Core non-interest expense / average assets*

  

  

 2.43

  %

  

  

 2.57

  %

  

  

 2.82

  %

  

  

 2.71

  %

  

  

 2.86

  %

 

 
 Capital Ratios

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Tier 1 Leverage Ratio

  

  

 9.97

  %

  

  

 9.59

  %

  

  

 10.64

  %

  

  

 10.41

  %

  

  

 12.07

  %

 

 
 Common Equity Tier 1 Capital Ratio

  

  

 11.84

  %

  

  

 11.54

  %

  

  

 13.08

  %

  

  

 12.84

  %

  

  

 15.07

  %

 

 
 Tier 1 Risk Based Capital Ratio

  

  

 12.26

  %

  

  

 11.96

  %

  

  

 13.59

  %

  

  

 13.35

  %

  

  

 15.67

  %

 

 
 Total Risk Based Capital Ratio

  

  

 14.66

  %

  

  

 14.36

  %

  

  

 16.31

  %

  

  

 16.09

  %

  

  

 16.84

  %

 

 
 Total stockholders' equity to total assets

  

  

 10.71

  %

  

  

 10.66

  %

  

  

 11.49

  %

  

  

 11.18

  %

  

  

 11.83

  %

 

 
 Tangible common equity to tangible assets*

  

  

 9.07

  %

  

  

 8.99

  %

  

  

 9.94

  %

  

  

 9.68

  %

  

  

 10.63

  %

 

 
 Book value per common share

  

 $

 40.22

  

  

 $

 39.37

  

  

 $

 38.64

  

  

 $

 37.25

  

  

 $

 36.27

  

 

 
 Tangible book value per common share*

  

 $

 33.45

  

  

 $

 32.58

  

  

 $

 32.86

  

  

 $

 31.69

  

  

 $

 32.17

  

 

 
 Tangible book value per diluted common share*

  

 $

 33.06

  

  

 $

 32.30

  

  

 $

 32.43

  

  

 $

 31.41

  

  

 $

 31.89

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 * The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures.

  

 

  
 
 

  

 
 Equity Bancshares, Inc.
PRESS RELEASE

 TABLE 5. YEAR-TO-DATE NET INTEREST INCOME ANALYSIS (Unaudited)
(Dollars in thousands)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

 For the Six Months Ended

  

  

 For the Six Months Ended

  

 

 
  

 June 30, 2026

  

  

 June 30, 2025

  

 

 
  

 Average Outstanding Balance

  

  

 Interest Income/ Expense

  

  

 AverageYield/Rate(3)(4)

  

  

 Average Outstanding Balance

  

  

 Interest Income/ Expense

  

  

 AverageYield/Rate(3)(4)

  

 

 
 Interest-earning assets

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans (1)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Commercial and industrial

 $

 987,695

  

  

 $

 34,457

  

  

  

 7.04

 %

  

 $

 716,978

  

  

 $

 28,244

  

  

  

 7.94

 %

 

 
 Commercial real estate

  

 2,321,071

  

  

  

 75,232

  

  

  

 6.54

 %

  

  

 1,417,625

  

  

  

 49,635

  

  

  

 7.06

 %

 

 
 Real estate construction

  

 729,453

  

  

  

 25,771

  

  

  

 7.12

 %

  

  

 459,915

  

  

  

 17,919

  

  

  

 7.86

 %

 

 
 Residential real estate

  

 727,132

  

  

  

 18,677

  

  

  

 5.18

 %

  

  

 566,198

  

  

  

 13,588

  

  

  

 4.84

 %

 

 
 Agricultural real estate

  

 445,654

  

  

  

 15,361

  

  

  

 6.95

 %

  

  

 261,006

  

  

  

 9,988

  

  

  

 7.72

 %

 

 
 Agricultural

  

 263,132

  

  

  

 9,143

  

  

  

 7.01

 %

  

  

 89,244

  

  

  

 3,398

  

  

  

 7.68

 %

 

 
 Consumer

  

 112,130

  

  

  

 3,399

  

  

  

 6.11

 %

  

  

 92,293

  

  

  

 3,093

  

  

  

 6.76

 %

 

 
 Total loans

  

 5,586,267

  

  

  

 182,040

  

  

  

 6.57

 %

  

  

 3,603,259

  

  

  

 125,865

  

  

  

 7.04

 %

 

 
 Securities

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Taxable securities

  

 1,119,658

  

  

  

 28,537

  

  

  

 5.14

 %

  

  

 922,597

  

  

  

 17,935

  

  

  

 3.92

 %

 

 
 Nontaxable securities

  

 22,768

  

  

  

 429

  

  

  

 3.80

 %

  

  

 55,167

  

  

  

 735

  

  

  

 2.69

 %

 

 
 Total securities

  

 1,142,426

  

  

  

 28,966

  

  

  

 5.11

 %

  

  

 977,764

  

  

  

 18,670

  

  

  

 3.85

 %

 

 
 Federal funds sold