Financial Data and Key Metrics Changes - The company reported net income of $15 million, or $0.85 per diluted share, with tangible common equity earnings of $16 million, or $0.90 per diluted share [13] - Net interest income increased from $49.5 million to $50.3 million, driving net interest margin to 4.27% from 4.17% [14] - The tangible common equity (TCE) ratio improved to 10.13%, up 36% year-over-year, and tangible book value per share increased to $31.07, up 24% [11] Business Line Data and Key Metrics Changes - Loans increased by $131 million, reflecting an annualized growth rate of 15.5% [9] - Organic originations totaled $197 million, up 64% compared to the previous quarter, with total production at $254 million [30] - Non-interest income for the quarter was $10.3 million, up $1.5 million from the previous quarter, primarily due to a death benefit realized on bank-owned life insurance [15] Market Data and Key Metrics Changes - Non-accrual loans decreased by 10.3% to $24.2 million, while non-performing assets declined by 19.6% to $27.9 million [20] - Delinquency over 30 days increased to $18.2 million but remained low at approximately 50 basis points of total loans [22] - The company anticipates a positive credit outlook for 2025, with problem trends below historic norms [24] Company Strategy and Development Direction - The company announced a merger with NBC Corp, which is expected to add approximately $900 million to assets and expand its market presence in Oklahoma [6][7] - The management emphasized a dual strategy of organic growth and strategic mergers and acquisitions, with active conversations for potential deals [10][37] - The company aims to enhance its product offerings and customer experience through the integration of NBC's capabilities [72][74] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining margin and earnings growth despite economic uncertainties related to tariffs [43] - The company is focused on managing expenses and improving efficiency to offset potential revenue headwinds [92] - The management team is prepared for growth opportunities and remains disciplined in assessing M&A opportunities [38][37] Other Important Information - The company closed the quarter with a TCE ratio of 10.13% and a tangible book value per share of $31.07, indicating a strong balance sheet [11] - The company has retained approximately $67 million in capital from a common stock raise in December, ready for strategic growth [9] Q&A Session Summary Question: Impact of tariffs on commercial customers - Management noted that customers have provisions in contracts to pass on costs, and there is currently no indication of a slowdown [42] Question: Update on sales initiatives and loan growth - Management indicated they are in the early stages of sales initiatives, with significant contributions from Tulsa and Kansas City [45][46] Question: Expectations for loan purchases - Management clarified that recent loan purchases were a one-time deal and not part of a consistent strategy [53] Question: Community market activity and growth - Management sees significant opportunities in community markets and is focused on building relationships with local businesses [55] Question: M&A confidence amidst market volatility - Management believes there are still opportunities for deals, driven by age of ownership and management in potential target companies [59] Question: Expected deal accretion from NBC - Management expects about 50 cents in accretion for year two post-merger, with specific figures to be provided later [62] Question: Deposit market competition and cost of funds - Management noted a more rational competition in deposit markets and plans to mirror Fed moves regarding deposit costs [66] Question: Margin expectations with potential Fed rate cuts - Management indicated that while they can defend margins, there may be modest upside potential if rates are cut [90]

Equity Bancshares (EQBK) reported $60.62 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 8.4%. EPS of $0.90 for the same period compares to $1.03 a year ago.The reported revenue represents a surprise of +8.38% over the Zacks Consensus Estimate of $55.94 million. With the consensus EPS estimate being $0.82, the EPS surprise was +9.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Financial Performance - Net income for the quarter ended March 31, 2025, was $15.0 million, or $0.85 per diluted share, compared to $17.0 million, or $1.04 per diluted share in the prior quarter[3]. - Non-interest income for the quarter was $10.3 million, an increase from $8.8 million in the previous quarter, driven by a $1.7 million improvement in Bank Owned Life Insurance[9]. - Net income for the quarter was $15,041,000, down from $16,986,000 in the previous quarter, representing a decrease of about 11.5%[33]. - Adjusted net income allocable to common stockholders was $15,945 thousand for the latest quarter, down from $17,832 thousand in the previous quarter, a decrease of 10.5%[42]. - Core earnings per diluted share decreased to $0.90 for the quarter ended March 31, 2025, down from $1.10 in the previous quarter[36]. - Diluted earnings per share decreased to $0.85 from $1.04 in the previous quarter, a decline of 18.3%[42]. Interest Income and Margin - Net interest margin for the quarter was 4.27%, positively impacted by non-recurring nonaccrual reversals of approximately $2.3 million; excluding these items, the margin was 4.08%[4]. - Net interest income after provision for credit losses was $47,570,000, compared to $49,375,000 in the previous quarter, reflecting a decrease of approximately 3.6%[33]. - For the three months ended March 31, 2025, net interest income was $50,292,000, an increase from $44,182,000 for the same period in 2024, representing a growth of 7.5%[38]. - The net interest margin increased to 4.27% for the three months ended March 31, 2025, up from 3.75% in the same period last year[38]. - The interest rate spread improved to 3.63% for the three months ended March 31, 2025, compared to 3.10% for the same period in 2024[38]. Loan and Deposit Growth - Loan balances increased to $3.63 billion, reflecting linked quarter growth of $130.8 million, or 15.2% annualized[4]. - Total deposits were $4.4 billion, consistent with the prior quarter, with a decrease of $109.4 million in deposits excluding brokered balances due to seasonal outflows[4]. - Total loans held-for-investment increased to $3,631,628 thousand as of March 31, 2025, up from $3,500,816 thousand at December 31, 2024, representing a growth of 3.75%[36]. - Total deposits reached $4,405,364 thousand, up from $4,374,789 thousand, reflecting a growth of 0.7%[35]. - Time deposits increased to $841,463 thousand from $736,527 thousand, reflecting a growth of 14.2%[35]. Expenses and Provisions - Total non-interest expense was $39.1 million, up from $37.8 million in the previous quarter, primarily due to payroll dynamics and higher incentive accruals[10]. - The provision for credit losses was $2.7 million, compared to $98 thousand in the previous quarter, reflecting loan growth and economic uncertainty[7]. - Provision for credit losses was $2,722,000, compared to a reversal of $98,000 in the previous quarter, indicating a significant change in credit loss expectations[33]. Capital and Equity - Tangible common equity to tangible assets closed the period at 10.1%[4]. - The Company's ratio of common equity tier 1 capital to risk-weighted assets was 14.7% at March 31, 2025, up from 14.5% at the end of the previous quarter[17]. - Stockholders' equity increased to $617,324 thousand from $592,918 thousand, indicating a rise of 4.2%[35]. - Common Equity Tier 1 Capital Ratio improved to 14.70% as of March 31, 2025, compared to 14.51% at December 31, 2024[37]. - Total stockholders' equity to total assets ratio was 11.34% as of March 31, 2025, compared to 11.12% at December 31, 2024[37]. Mergers and Acquisitions - The Company announced a merger with NBC Corp. of Oklahoma, which has approximately $682 million in loans and $816 million in deposits, expected to close in Q3 2025[4]. - The company is currently facing uncertainties related to the proposed transaction with NBC Corp. of Oklahoma, which may impact future performance[29].

Wall Street analysts forecast that Equity Bancshares (EQBK) will report quarterly earnings of $0.82 per share in its upcoming release, pointing to a year-over-year decline of 20.4%. It is anticipated that revenues will amount to $55.94 million, exhibiting no change compared to the year-ago quarter.The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...

Equity Bancshares (EQBK) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Kansas 72-1532188 (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: 316.612.6000 Securities registered pursuant to Section 12(b) of the Act: For the transition period ...

Equity Bancshares, Inc. (NYSE:EQBK) Q4 2024 Earnings Conference Call January 23, 2025 10:00 AM ET Company Participants Brian Katzfey - Director, Corporate Development & Investor Relations Brad Elliott - Chairman & Chief Executive Officer Chris Navratil - Chief Financial Officer Krzysztof Slupkowski - Chief Credit Officer Rick Sems - Bank Chief Executive Officer Conference Call Participants Ryan Payne - D.A. Davidson Terry McEvoy - Stephens Andrew Liesch - Piper Sandler Damon DelMonte - KBW Operator Hello, e ...

Exhibit 99.2 2024 4th Quarter Financial Results January 22, 2025 Forward Looking Statements This presentation 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 the management of Equity Bancshares, Inc. ("Equity," "we," "us," "our," "the company") with respect to, among other things, future events and Equity's financ ...

Equity Bancshares (EQBK) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.57%. A quarter ago, it was expected that this bank holding company would post earnings of $0.99 per share when it actually produced earnings of $1.31, delivering a surprise of 32.32%.Over the last four quarter ...

Financial Performance - Net income for the quarter ended December 31, 2024, was $17.0 million, or $1.04 per diluted share, with a net interest margin of 4.17%[1][4] - Net income for Q4 2024 was $16,986,000, compared to a net loss of $28,299,000 in Q4 2023[32] - Basic earnings per share for Q4 2024 was $1.06, a significant recovery from a loss of $1.84 per share in Q4 2023[32] - Net interest income for the year ended December 31, 2024, was $186,162,000, up 16.9% from $159,018,000 in 2023[32] - Net interest income for the quarter was $49,473 thousand, compared to $39,467 thousand in the same quarter last year, reflecting a year-over-year increase of 25.4%[43] - Core net income allocable to common stockholders was $17,834 thousand for the quarter, up from $12,536 thousand a year ago, marking a 42.5% increase[43] - Return on average assets (ROAA) was 1.31% for the quarter, compared to (2.29%) in the same quarter last year, showing a positive trend[43] - Core earnings per diluted share for the quarter was $1.10, compared to $1.32 in the previous quarter, reflecting a decrease of 16.67%[37] Capital and Equity - The company completed a common stock capital raise, issuing 2,067,240 shares at $44.50 per share, resulting in a total capital impact of $87.0 million[4][15] - Total stockholders' equity increased to $592,918 thousand as of December 31, 2024, up from $452,860 thousand a year earlier, representing a growth of 31%[42] - Tangible common equity increased to $523,891 thousand, up from $391,462 thousand a year earlier, reflecting a growth of 33.8%[42] - The company's tangible common equity to tangible assets ratio closed at 9.95%[4][15] Loans and Deposits - Loan balances closed at $3.5 billion, reflecting a full-year growth of $167.9 million, or 5.0%, with a loan-to-deposit ratio of 80.0%[4][12] - Deposit balances increased by $211.2 million during the quarter, with full-year growth in deposits, excluding brokered, at $304.2 million, or 7.3%[4][13] - Total loans held-for-investment decreased to $3,500,816 thousand as of December 31, 2024, from $3,600,925 thousand as of September 30, 2024, representing a decline of 2.78%[36] - Net loans held for investment increased to $3,457,549 thousand as of December 31, 2024, compared to $3,557,435 thousand as of September 30, 2024, a decrease of 2.80%[36] Income and Expenses - Total non-interest income for the quarter was $8.8 million, down from $9.3 million in the previous quarter[4][9] - Total non-interest expense increased to $37.8 million from $30.3 million in the previous quarter[4][10] - Total non-interest expense for the year was $144,157,000, an increase from $135,601,000 in 2023[32] - Non-interest income for the year increased to $38,822,000 from a loss of $19,129,000 in the previous year[32] - Non-interest income totaled $8,816,000, down from $9,317,000 in the previous quarter, indicating a decrease of 5.4%[34] Tax and Ratios - The effective tax rate for the quarter was 16.7%, consistent with the previous quarter[4][11] - The efficiency ratio improved to 63.02% for the quarter ended December 31, 2024, compared to 52.59% in the previous quarter[37] - The Tier 1 Leverage Ratio improved to 11.67% as of December 31, 2024, compared to 9.55% as of September 30, 2024[37] - The allowance for credit losses on loans to total loans ratio was 1.24% as of December 31, 2024, up from 1.21% as of September 30, 2024[36] Other Key Metrics - Nonaccrual loans decreased from $31.3 million to $27.1 million, representing 0.77% of total loans[4][14] - Total interest and dividend income for Q4 2024 was $74,979,000, an increase of 16.5% from $64,294,000 in Q4 2023[32] - The average yield on total interest-earning assets increased to 6.35% for the year ended December 31, 2024, compared to 5.36% for the previous year[38] - The average outstanding balance of total loans for the three months ended December 31, 2024, was $3,525,765 thousand, with a yield of 7.15%[41]