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 ...

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 ...

```markdown [Second Quarter 2024 Financial Performance](index=1&type=section&id=Second%20Quarter%202024%20Financial%20Performance) [Performance Highlights](index=1&type=section&id=Performance%20Highlights) Equity Bancshares reported a strong second quarter with **record** net interest income of **$46.5 million** and an **expanded** net interest margin of **3.94%**, achieving adjusted net income of **$15.3 million** (**$0.99** per diluted share) while strategically integrating acquisitions and repurchasing shares Q2 2024 Key Financial Results | Metric | GAAP | Adjusted (Non-GAAP) | | :--- | :--- | :--- | | **Net Income** | $11.7 million | $15.3 million | | **Diluted EPS** | $0.76 | $0.99 | - Net interest income reached a company **record** of **$46.5 million**, with the net interest margin **expanding** to **3.94%**[1](index=1&type=chunk)[22](index=22&type=chunk)[24](index=24&type=chunk) - The company was active in M&A, integrating the Rockhold Bancorp merger and closing the acquisition of KansasLand Bancshares, Inc. on July 1, 2024[2](index=2&type=chunk)[22](index=22&type=chunk) - Actively repurchased **152,982** shares at a weighted average price of **$33.35** during the quarter[22](index=22&type=chunk) [Detailed Financial Analysis](index=1&type=section&id=Detailed%20Financial%20Analysis) The company's financial performance was driven by a **28 basis point** increase in the yield on interest-earning assets to **6.37%**, with non-interest income at **$9.0 million** and non-interest expenses rising to **$38.9 million** due to acquisitions, while asset quality remained stable and capital ratios strong [Net Interest Income](index=1&type=section&id=Net%20Interest%20Income) Net interest income increased to **$46.5 million** in Q2 2024, driven by a significant expansion in net interest margin to **3.94%** and a **28 basis point** rise in the yield on interest-earning assets to **6.37%**, while deposit costs remained stable Net Interest Margin and Yields (Q2 2024 vs Q1 2024) | Metric | Q2 2024 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | **Net Interest Income** | $46.5 M | $44.2 M | +$2.3 M | | **Net Interest Margin** | 3.94% | 3.75% | +19 bps | | **Yield on Earning Assets** | 6.37% | 6.09% | +28 bps | | **Cost of Int-Bearing Deposits** | 2.78% | 2.77% | +1 bp | [Provision for Credit Losses](index=2&type=section&id=Provision%20for%20Credit%20Losses) The provision for credit losses decreased to **$265** thousand from **$1.0 million** in the prior quarter, primarily due to realized charge-offs, with net charge-offs increasing to **$1.2 million** from **$667** thousand - Provision for credit losses was **$265** thousand, down from **$1.0 million** in Q1 2024[5](index=5&type=chunk) - Net charge-offs for the quarter were **$1.2 million**, compared to **$667** thousand in the previous quarter[5](index=5&type=chunk) [Non-Interest Income and Expense](index=2&type=section&id=Non-Interest%20Income%20and%20Expense) Total non-interest income was **$9.0 million**, down from **$11.7 million** due to prior non-recurring gains, while total non-interest expense rose to **$38.9 million** primarily due to the Bank of Kirksville acquisition - Non-interest income was **$9.0 million**, a decrease from **$11.7 million** in Q1 2024, which had included **$1.2 million** in acquisition gains and **$2.3 million** in special asset resolution gains[6](index=6&type=chunk) - Non-interest expense increased by **$1.8 million** to **$38.9 million**, primarily due to the addition of Bank of Kirksville operations[7](index=7&type=chunk) [Balance Sheet and Asset Quality](index=2&type=section&id=Balance%20Sheet%20and%20Asset%20Quality) As of June 30, 2024, total assets were **$5.2 billion**, with loans at **$3.5 billion** and deposits at **$4.3 billion**, while asset quality remained stable with the allowance for credit losses at **1.3%** and nonperforming assets at **0.5%** Key Balance Sheet Figures (as of June 30, 2024) | Metric | Value | | :--- | :--- | | **Total Assets** | $5.2 billion | | **Loans Held for Investment** | $3.5 billion | | **Total Deposits** | $4.3 billion | Asset Quality Metrics (as of June 30, 2024) | Metric | Value | | :--- | :--- | | **Allowance for Credit Losses / Total Loans** | 1.3% | | **Nonperforming Assets / Total Assets** | 0.5% | | **Classified Assets / Regulatory Capital** | 8.47% | [Capital Position](index=3&type=section&id=Capital%20Position) The company's capital ratios remained stable and strong as of June 30, 2024, with a Common Equity Tier 1 (CET1) ratio of **11.1%**, total capital to risk-weighted assets of **14.6%**, and a total leverage ratio of **9.1%** Company Capital Ratios (as of June 30, 2024) | Ratio | Value | | :--- | :--- | | **Common Equity Tier 1 (CET1)** | 11.1% | | **Total Capital to RWA** | 14.6% | | **Total Leverage Ratio** | 9.1% | Equity Bank Capital Ratios (as of June 30, 2024) | Ratio | Value | | :--- | :--- | | **Common Equity Tier 1 (CET1)** | 12.9% | | **Total Capital to RWA** | 14.0% | | **Total Leverage Ratio** | 10.1% | [Unaudited Financial Tables](index=8&type=section&id=Unaudited%20Financial%20Tables) [Consolidated Statements of Income](index=9&type=section&id=Consolidated%20Statements%20of%20Income) For Q2 2024, the company reported net income of **$11.7 million** (**$0.76** per diluted share), an increase from Q2 2023, driven by higher net interest income of **$46.5 million** Q2 2024 vs Q2 2023 Income Statement Highlights | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | **Net Interest Income** | $46.5 M | $39.4 M | | **Total Non-interest Income** | $9.0 M | $7.0 M | | **Total Non-interest Expense** | $38.9 M | $33.1 M | | **Net Income** | $11.7 M | $11.5 M | | **Diluted EPS** | $0.76 | $0.74 | Quarterly Income Statement Trend | Metric | Q2 2024 | Q1 2024 | Q4 2023 | | :--- | :--- | :--- | :--- | | **Net Interest Income** | $46.5 M | $44.2 M | $39.5 M | | **Net Income (Loss)** | $11.7 M | $14.1 M | ($28.3 M) | | **Diluted EPS** | $0.76 | $0.90 | ($1.84) | [Consolidated Balance Sheets](index=14&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets were **$5.25 billion**, with total deposits at **$4.34 billion** and total stockholders' equity increasing to **$461.4 million** Balance Sheet Summary (as of June 30, 2024) | Account | June 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | $5,245.5 M | $5,239.0 M | | **Net Loans** | $3,410.9 M | $3,437.7 M | | **Total Deposits** | $4,341.4 M | $4,371.0 M | | **Total Stockholders' Equity** | $461.4 M | $456.8 M | [Selected Financial Highlights](index=16&type=section&id=Selected%20Financial%20Highlights) Key performance ratios for Q2 2024 include a net interest margin of **3.94%**, ROAA of **0.91%**, and ROATCE of **13.31%**, with asset quality remaining stable and tangible book value per common share increasing to **$25.70** Q2 2024 Performance Ratios | Ratio | Q2 2024 | Q1 2024 | | :--- | :--- | :--- | | **Net Interest Margin** | 3.94% | 3.75% | | **ROAA (annualized)** | 0.91% | 1.10% | | **ROATCE (annualized)*** | 13.31% | 14.96% | | **Efficiency Ratio*** | 66.03% | 65.16% | Book Value Per Share | Metric | June 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | **Book Value per Common Share** | $30.36 | $29.80 | | **Tangible Book Value per Common Share*** | $25.70 | $25.10 | [Net Interest Income Analysis](index=19&type=section&id=Net%20Interest%20Income%20Analysis) The quarter-over-quarter increase in net interest income was driven by a **28 basis point** rise in the yield on total interest-earning assets to **6.37%** and a **30 basis point** increase in average loan yield to **7.15%**, contributing to an interest rate spread expansion to **3.28%** Q2 2024 vs Q1 2024 Yield/Cost Analysis | Metric | Q2 2024 | Q1 2024 | | :--- | :--- | :--- | | **Yield on Total Loans** | 7.15% | 6.85% | | **Yield on Total Interest-Earning Assets** | 6.37% | 6.09% | | **Cost of Total Interest-Bearing Deposits** | 2.78% | 2.77% | | **Cost of Total Interest-Bearing Liabilities** | 3.09% | 2.99% | | **Interest Rate Spread** | 3.28% | 3.10% | [Non-GAAP Financial Measures](index=22&type=section&id=Non-GAAP%20Financial%20Measures) The company's Q2 2024 adjusted operating net income was **$15.3 million** (**$0.99** per diluted share), after removing **$2.3 million** in merger expenses and a **$1.7 million** BOLI tax adjustment, resulting in an adjusted efficiency ratio of **66.03%** and adjusted operating ROAA of **1.18%** Reconciliation of Net Income and EPS (Q2 2024) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | **Net Income** | $11.7 M | +$3.6 M | $15.3 M | | **Diluted EPS** | $0.76 | +$0.23 | $0.99 | - Key adjustments include adding back **$2.3 million** in merger expenses and a **$1.7 million** BOLI tax adjustment[76](index=76&type=chunk) Key Adjusted Performance Ratios (Q2 2024) | Ratio | Value | | :--- | :--- | | **Adjusted Operating ROAA** | 1.18% | | **Return on Average Tangible Common Equity (ROATCE)** | 13.31% | | **Efficiency Ratio** | 66.03% | [Other Information](index=5&type=section&id=Other%20Information) [Conference Call and Webcast](index=5&type=section&id=Conference%20Call%20and%20Webcast) Equity Bancshares will host a conference call and webcast on July 17, 2024, at 10 a.m. ET to discuss Q2 2024 results, with a replay available on their investor relations website - A conference call is scheduled for July 17, 2024, at 10 a.m. ET (9 a.m. CT) to discuss the results[15](index=15&type=chunk) - A live webcast and replay will be accessible on the company's website at investor.equitybank.com[36](index=36&type=chunk)[56](index=56&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements subject to various risks and uncertainties, including competition and economic fluctuations, which could cause actual results to differ materially, and the company undertakes no obligation to update them - The report includes forward-looking statements that are not guarantees of future performance and are subject to various risks and uncertainties[16](index=16&type=chunk) - Key risk factors include competition, monetary and fiscal policy changes, interest rate fluctuations, and challenges with acquisition integration[16](index=16&type=chunk)[58](index=58&type=chunk) ```

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 | | --- | --- ...