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. (NYSE: EQBK) is the Wichita, Kansas-based holding company for Equity Bank, a commercial bank offering services such as commercial loans, consumer banking, mortgage loans, trust and wealth management services, and treasury management services. The company’s news flow reflects its role as a regional community banking organization with a growing multi-state footprint.
Visitors to this EQBK news page can review company announcements on topics such as quarterly and annual financial results, dividend declarations, and share repurchase plans. Equity regularly issues press releases about its earnings, including details on net interest margin, loan and deposit trends, securities portfolio repositioning, and capital ratios, as reflected in its second and third quarter 2025 results communications.
News coverage also includes mergers and acquisitions activity. Equity has reported the completion of its acquisition of NBC Corp. of Oklahoma, which expanded its Oklahoma presence, and the execution and completion of a merger with Frontier Holdings, LLC, the parent company of Frontier Bank in Nebraska. These releases describe how the transactions add locations, loans and deposits, and extend Equity’s community banking franchise into new markets.
Additional items that may appear in the EQBK news stream include updates on loan production offices, such as the opening of a loan production office in West Des Moines, Iowa, and commentary from management on strategic initiatives, balance sheet repositioning and growth plans. Investors and observers can use this page to follow Equity Bancshares’ operational developments, geographic expansion and capital management actions over time.
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.
Equity Bancshares, Inc. (NYSE: EQBK) reported net income of $11.7 million or $0.76 earnings per diluted share for Q2 2024. Adjusted net income was $15.3 million or $0.99 per diluted share, excluding merger and BOLI repositioning costs. Key highlights:
- Record net interest income of $46.5 million
- Net interest margin expanded to 3.94% from 3.75% in Q1
- Total deposits were $4.3 billion, with 22.7% in non-interest-bearing accounts
- Allowance for credit losses at 1.3% of total loans
- Common equity tier 1 capital ratio at 11.1%
The company completed the integration of Rockhold Bancshares and announced the merger with KansasLand Bancshares. It also repurchased 152,982 shares at an average cost of $33.35.
Equity Bancshares, the holding company of Equity Bank, has completed its acquisition of KansasLand Bancshares, the parent company of KansasLand Bank. This merger expands Equity Bancshares' presence in Kansas, specifically into Americus and Quinter. The company's proforma consolidated assets now total approximately $5.3 billion, and it operates 74 locations across Kansas, Missouri, Arkansas, and Oklahoma. The integration of KansasLand's core and digital systems is expected late in the third quarter, solidifying Equity Bank's Kansas franchise with a total of 37 banks. This acquisition marks Equity's 23rd strategic transaction since its founding in 2002 and demonstrates its ongoing commitment to growth within its home state.
Equity Bancshares (NYSE: EQBK), the parent company of Equity Bank, will announce their second quarter 2024 financial results on July 16, 2024, after market close. The company will also hold a conference call and webcast on July 17, 2024, at 10 a.m. ET to discuss the results, led by Chairman and CEO Brad Elliott and CFO Chris Navratil. Interested parties can access the live webcast on the company's investor website or register for dial-in details. A replay of the call will be available until August 1, 2024. This announcement sets the stage for stakeholders to assess the company's financial performance and future outlook.
Equity Bancshares, Inc. announced the promotions of Richard Sems as CEO of Equity Bank and Julie Huber as COO. The company aims to align for future growth, with Brad Elliott continuing as Chairman & CEO. The company has focused on organic growth and mergers since its founding in 2002, completing 23 acquisitions. Sems and Huber bring extensive experience to their new roles, driving the company and bank to new heights.
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