Equity Bancshare SEC Filings

David Pass, Chief Information Officer of Equity Bancshares, Inc. (EQBK), reported a routine insider transaction on Form 4. The filing shows a sale of 145 shares of Class A common stock on 08/15/2025 at a price of $39.21 per share; the sale is described as shares sold to pay tax withholding obligations related to the vesting of restricted stock units. After the transaction Mr. Pass beneficially owns 6,852 shares. The filing also notes prior purchases of 112 shares on 02/14/2025 and 107 shares on 08/14/2025 under the company’s 2019 Employee Stock Purchase Plan.

FJ Capital Management LLC and affiliated entities report a material passive position in Equity Bancshares Inc. FJ Capital and Martin Friedman each disclose beneficial ownership of 1,126,096 shares, representing 6.43% of the company’s common stock. Financial Opportunity Fund LLC holds 900,090 shares (5.14%), while Financial Opportunity Long/Short Fund LLC holds 43,980 shares (0.25%).

The filing shows shared voting and dispositive power over the reported shares and states the positions were not acquired to change or influence control of the issuer. The disclosure clarifies ownership through funds and managed accounts for which FJ Capital Management LLC is the managing member.

Equity Bancshares, Inc. is offering to exchange up to $75,000,000 of existing 7.125% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Old Notes") for identical notes that have been registered under the Securities Act (the "New Notes"). The exchange satisfies the companys registration rights obligations and will not generate cash proceeds or increase consolidated indebtedness.

The New Notes carry the same economic terms: a fixed rate of 7.125% from July 17, 2025 through August 1, 2030, then a floating rate equal to Three-Month Term SOFR + 349 bps (reset quarterly) through maturity on August 1, 2035. New Notes will be unsubordinated only to senior debt and will be unsecured and structurally subordinated to subsidiary liabilities. There are no financial covenants limiting additional indebtedness and no expectation of a public trading market. As of June 30, 2025, the company reported $5.37 billion total assets, $4.23 billion deposits, $3.56 billion net loans and $635.6 million total stockholders equity, and operates 71 branches.

Equity Bancshares, Inc. (EQBK) filed a Form S-3 registering up to 1,729,783 shares of its Class A Common Stock that were issued as merger consideration in connection with its July 2, 2025 merger with NBC Corp. of Oklahoma. The registered shares were issued under the Reorganization Agreement and are covered by a Registration Rights Agreement dated July 2, 2025; Equity Bancshares will not receive proceeds from any resale by the Selling Stockholder.

As of June 30, 2025, on a consolidated basis the company reported $5.37 billion in total assets, $4.23 billion in total deposits, $3.56 billion of loans (net of allowances) and $635.6 million of stockholders' equity. The Class A shares trade on the NYSE under EQBK; the last reported sale price on August 6, 2025 was $36.59 per share. The prospectus names Fergeson Capital LLC as the Selling Stockholder holding the 1,729,783 shares (about 9.0% of Class A outstanding) and discloses that C. Kendric Fergeson was appointed to the Company and Bank boards following the closing.

Equity Bancshares, Inc. reported improved core earnings and modest balance sheet changes in the quarter ended June 30, 2025. Net income for the quarter was $15,264 thousand, up from $11,716 thousand a year earlier, and diluted EPS was $0.86 versus $0.76. Net interest income rose to $49,802 thousand from $46,476 thousand, reflecting higher loan interest income of $62,868 thousand.

Total assets were $5,373,837 thousand and net loans were $3,555,458 thousand. Total deposits decreased to $4,234,918 thousand from $4,374,789 thousand while Federal Home Loan Bank advances increased to $383,676 thousand from $178,073 thousand. The allowance for credit losses modestly increased to $45,270 thousand. Stockholders' equity rose to $635,636 thousand, and the company recorded a $1,361 thousand loss on debt extinguishment.