Welcome to our dedicated page for Equity Bancshare news (Ticker: EQBK), a resource for investors and traders seeking the latest updates and insights on Equity Bancshare stock.
Equity Bancshares Inc (EQBK) provides banking services across Kansas and Missouri through consumer accounts, commercial lending, and treasury solutions. This news hub offers investors and community stakeholders centralized access to verified updates about this regional financial institution.
Find timely announcements including quarterly earnings reports, leadership changes, product launches, and regulatory filings. Our curated collection features press releases about branch expansions, community reinvestment initiatives, and service innovations alongside analysis of market trends impacting regional banking.
Key content categories include financial results, strategic acquisitions, executive appointments, and regulatory compliance updates. Bookmark this page for structured access to operational developments that shape EQBK's position in Midwestern financial markets.
Equity Bancshares (NYSE: EQBK) reported strong Q1 2025 performance with net income of $15.0 million or $0.85 earnings per diluted share. The company achieved a net interest margin of 4.27% and annualized loan growth of 15.2%.
Key highlights include:
- Loan balances reached $3.63 billion with quarterly growth of $130.8 million
- Deposits closed at $4.4 billion with a loan-to-deposit ratio of 82.4%
- Tangible common equity ratio of 10.1%
- Book value per share increased by $1.19 (3.5%)
The company announced a merger with NBC Corp. of Oklahoma, adding approximately $682 million in loans and $816 million in deposits, with anticipated closing at the start of Q3 2025. A quarterly dividend of $0.15 per share was declared.
Equity Bancshares (NYSE: EQBK) has announced a definitive merger agreement with NBC Corp. of Oklahoma, significantly expanding its Oklahoma presence. The merger will add seven NBC locations to Equity Bank's network, doubling its Oklahoma footprint to 15 locations.
NBC Oklahoma, established in 1931, brings $908.9 million in total assets, $681.5 million in loans, and $815.3 million in deposits as of December 31, 2024. Under the agreement terms, NBC will receive approximately 80% of consideration in EQBK stock, with the merger expected to close in Q3 2025.
The combined entity will have $6.4 billion in total assets and operate 82 bank locations. The transaction is projected to be 12.5% accretive to Equity's 2026 earnings per share, with tangible book value per share dilution expected to be earned back in less than three years. NBC's Chairman Ken Fergeson will join Equity's Board of Directors and serve on the Director's Credit Committee.
Equity Bancshares (NYSE:EQBK) has scheduled the release of its first quarter 2025 financial results on Tuesday, April 15, 2025, after market close. The company will host a conference call and webcast to discuss the earnings on Wednesday, April 16, 2025, at 10 a.m. eastern time.
Chairman and CEO Brad Elliott and CFO Chris Navratil will lead the discussion. Investors can participate via phone using the toll-free number +1 833 470 1428 (Access Code: 107245) or through a webcast. A replay will be available until April 23, 2025, at investor.equitybank.com.
Equity Bancshares (NYSE: EQBK) reported Q4 2024 net income of $17.0 million, or $1.04 per diluted share. The company achieved a net interest margin of 4.17%, boosted by non-recurring nonaccrual reversals and prepayment fees of $1.5 million. Excluding these items, the margin was 4.04%.
Key highlights include the completion of a common stock capital raise, issuing 2,067,240 shares at $44.50 per share, generating $87.0 million after expenses. The company's tangible common equity ratio reached 9.95%, with deposit balances (excluding brokered) increasing by $211.2 million. Loan balances closed at $3.5 billion, reflecting 5.0% full-year growth.
The company announced a $0.15 dividend and reported improved asset quality with nonaccrual loans declining to $27.1 million (0.77% of total loans), though classified assets increased to $73.5 million.
Equity Bancshares (NYSE: EQBK) has scheduled its fourth quarter 2024 earnings release for January 22, 2025, after market close. The company will host a conference call and webcast to discuss the results on January 23, 2025, at 10 a.m. eastern time. CEO Brad Elliott and CFO Chris Navratil will lead the discussion.
Participants can access the webcast through the company's investor relations website and must pre-register for the conference call. A replay will be available on the investor relations website following the call.
Equity Bancshares (NYSE: EQBK) has successfully completed its underwritten public offering of 2,067,240 shares of Class A common stock at $44.50 per share, including 269,640 shares from the full exercise of the underwriters' over-allotment option. The offering generated gross proceeds of $92.0 million, with expected net proceeds of $86.9 million after deducting underwriting discounts and expenses.
The company plans to use the proceeds to support continued growth, including strategic acquisitions, investments in Equity Bank for organic growth, potential repayment of subordinated debt, and general corporate purposes. Stephens Inc. served as the sole book-running manager, with D.A. Davidson & Co., Hovde Group, , Keefe, Bruyette & Woods, Inc., and Piper Sandler & Co. acting as co-managers.
Equity Bancshares (NYSE: EQBK) has announced the pricing of its underwritten public offering of 1,797,600 shares of Class A common stock at $44.50 per share, totaling $80 million. The company has granted underwriters a 30-day option to purchase up to additional 269,640 shares. Stephens Inc. is the sole book-running manager, with several co-managers including D.A. Davidson & Co. and Piper Sandler & Co. The proceeds will support continued growth, strategic acquisitions, organic growth investments in Equity Bank, potential repayment of subordinated debt, and general corporate purposes. The offering is expected to close around December 4, 2024.
Empire Petroleum has amended its Revolver Loan Agreement with Equity Bank, doubling the total principal commitment from $10 million to $20 million through December 29, 2026. The company currently has approximately $8.4 million borrowed on the facility, which is secured by assets from Empire North Dakota and Empire ND Acquisition subsidiaries. This increase follows the company's successful completion of an oversubscribed $10 million rights offering earlier this year and will provide additional financial resources for North Dakota development initiatives.
Equity Bancshares (NYSE: EQBK) reported Q3 2024 net income of $19.8 million, or $1.28 per diluted share. Adjusted earnings per share reached $1.31, excluding merger expenses and gains on security transactions. The company closed its merger with KansasLand, adding $28.3 million in loans and $42.4 million in deposits. Loan balances grew by $117.8 million, up 13.6% annualized, excluding KansasLand. Tangible book value per share increased 10.4% to $28.38. The company resolved a significant problem asset, recognizing an $8.5 million pre-tax benefit. Equity Bancshares also announced a 25% increase in its quarterly dividend to $0.15 per share and approved a share repurchase plan for up to 1,000,000 shares. Net interest income was $46.0 million, slightly down from the previous quarter, while non-interest income was $9.3 million. The effective tax rate dropped to 16.7% from 28.1% in the prior quarter. Total assets grew to $5.4 billion, with a loan-to-deposit ratio of 82.5%.
Equity Bancshares, Inc. (NYSE:EQBK), the holding company of Equity Bank, has announced that it will release its third quarter 2024 results on Tuesday, October 15, 2024, after market close. The company will hold a conference call and webcast to discuss the earnings results on Wednesday, October 16, 2024, at 10 a.m. eastern time.
Chairman and CEO Brad Elliott and CFO Chris Navratil will lead the call. Investors can access the live webcast on the company's website at investor.equitybank.com. To join the call by phone, participants must register in advance. A replay of the call and webcast will be available on the company's investor relations website after the event.
