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. reports company developments for Equity Bank, a Wichita-based community bank holding company whose common stock trades on the NYSE under EQBK. Equity Bank offers commercial loans, consumer banking, mortgage loans, trust and wealth management, and treasury management services across full-service locations in Arkansas, Kansas, Missouri, Nebraska and Oklahoma, with a loan production office in Iowa.
Recurring news includes quarterly operating results, net interest income and margin trends, credit-quality measures, deposit and loan balances, capital levels and branch expansion through completed bank acquisitions. Updates also cover integration of acquired franchises, dividend and balance-sheet actions, and lending relationships involving Equity Bank.
Equity Bancshares (NASDAQ: EQBK) is set to announce its second quarter 2020 results on July 21, 2020, with a press release scheduled after market close. A conference call with CEO Brad Elliott and CFO Greg Kossover will follow on July 22, 2020, at 10 a.m. ET, where they will discuss the results. Participants can register for the call at investor.equitybank.com. A replay will be available until July 29, 2020. Equity Bancshares serves as the holding company for Equity Bank, offering various financial services including commercial and consumer banking.
Equity Bancshares (NASDAQ: EQBK) announced the issuance of $42 million in fixed-to-floating rate subordinated notes, due 2030, as part of a private placement to institutional investors. The notes will initially yield 7% interest, becoming floating rate after June 30, 2025. Proceeds will be used to repay $40 million from a senior credit facility and for growth opportunities. The company also renewed its credit facility with ServisFirst Bank, now maturing on August 15, 2021, with a maximum commitment of $40 million. Egan-Jones Ratings assigned a BBB rating to the notes.
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