Company Performance - Equity Bancshares (EQBK) reported quarterly earnings of $1.10 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and up from $0.77 per share a year ago, representing an earnings surprise of 19.57% [1] - The company posted revenues of $58.29 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.81%, compared to revenues of -$3.95 million a year ago [2] - Over the last four quarters, Equity Bancshares has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Market Outlook - The stock has gained approximately 3.2% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.84 on revenues of $56.85 million, and for the current fiscal year, it is $3.77 on revenues of $235.74 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 24% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Earnings Estimate Revisions - The estimate revisions trend for Equity Bancshares is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting it may underperform the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-37624 EQUITY BANCSHARES, INC. (Exact nam ...

Equity Bancshares (EQBK) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 32.32%. A quarter ago, it was expected that this bank holding company would post earnings of $0.92 per share when it actually produced earnings of $0.99, delivering a surprise of 7.61%. Over the last four quarte ...

Exhibit 99.2 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 7, 2024, 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 uncertaintie ...

This quarterly report represents an earnings surprise of 7.61%. A quarter ago, it was expected that this bank holding company would post earnings of $0.85 per share when it actually produced earnings of $1.03, delivering a surprise of 21.18%. Equity Bancshares shares have added about 13.4% since the beginning of the year versus the S&P 500's gain of 18.1%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only ...

Equity Bancshares, Inc. Second Quarter Results Highlighted by Record Net Interest Income and Net Interest Margin Expansion "In addition, during the quarter, our team effectively merged core systems following the Bank of Kirksville transaction while also analyzing, negotiating, and subsequently closing our acquisition of KansasLand Bancshares, Inc.," Mr. Elliott said. "We continue to be positioned to facilitate strategic M&A. We have the teams, the processes and the experience to be the preferred consolidati ...

The consensus EPS estimate for FB Financial has been revised 0.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.31%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that FB Financial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earni ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-37624 EQUITY BANCSHARES, INC. (Exact name of registrant as specified in its charter) | Kansas | 72-1532188 | | --- | --- ...

Financial Data and Key Metrics Changes - Net income for the quarter was $14.9 million, or $0.90 per diluted share, adjusted for merger expenses to $16.1 million or $1.03 per diluted share [76] - Net interest income increased by $4.7 million linked quarter, with net interest margin improving from 3.49% to 3.75% [76][52] - Average loans increased at an annualized rate of 11.1%, excluding the impact of the Bank of Kirksville, which added $67.6 million in average balance [50] Business Line Data and Key Metrics Changes - Service revenues improved quarter-over-quarter, driven by contributions from card, trust and wealth management, service charges, and mortgage [59] - Non-interest income, adjusted for losses on repositioning investments, was up $4.5 million linked quarter, with service fee revenue improving by 5% [77] - The cost of interest-bearing deposits increased by 19 basis points to 2.77% [51] Market Data and Key Metrics Changes - Total deposits closed the quarter at $4.4 billion, with loans as a percentage of deposits at 79.7% [56] - The Bank of Kirksville transaction was accretive, contributing to the deposit growth and overall market expansion [58] Company Strategy and Development Direction - The company aims for mid- to high-single digit organic loan growth in 2024, focusing on both organic and acquisitive growth avenues [58] - The strategic directives for 2024 emphasize value creation through deepening customer relationships and enhancing service levels [62] - The company is actively pursuing M&A opportunities while maintaining a disciplined approach to assessing these opportunities [63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan growth potential, particularly in light of competitors pulling back due to balance sheet constraints [8] - The company has not seen specific deterioration in any of its portfolios and continues to hold reserves for potential economic challenges [80][85] - Management highlighted the importance of proactive conversations with borrowers regarding upcoming loan maturities to mitigate risks [109] Other Important Information - The company successfully closed a merger transaction in 67 days, showcasing effective execution in a challenging environment [54] - The integration of systems following the Bank of Kirksville transaction is expected to be completed in Q2, with cost savings anticipated thereafter [91] Q&A Session Summary Question: How does the company view the higher for longer rate environment regarding deposit rates? - Management indicated that they are not factoring in changes in interest rates in their current forecast, expecting deposit rates to peak between 40% and 50% [5][15] Question: What is the outlook for loan growth and funding sources? - Management expressed optimism about loan growth coming from both client deposit growth and potential asset remixing [10][44] Question: Can you provide details on the credit quality and asset recovery efforts? - Management noted that problem assets are well reserved, and they do not foresee further losses or recoveries in that space [66][85] Question: What are the expectations for M&A activity and share buybacks? - Management confirmed that they will remain active in the buyback market while also pursuing M&A opportunities, balancing both strategies [123]