Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — D.A. Davidson Investor Conference May 2025
34 slides from Equity Bancshares's conference presentation, May 6, 2025
Slide 1: D.A. Davidson Investor Conference May 2025
Exhibit 99.1 | EQUITY BANCSHARES, INC. D.A. Davidson Investor Conference May 2025
Slide 2: 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,
Slide 3: Equity Bancshares Overview
Equity Bancshares, Inc.| NYSE: EQBK Market Cap as of 5/1/2025 Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. Compound Annual Growth Rate since EQBK was founded in 2002 Strategic Execution Of Acquisitions SCALE 12 Completed Bank Acquisitions SINCE IP
Slide 4: Leadership Team
Leadership Team Brad Elliott Equity Bancshares, Inc. Chairman & CEO Years in Banking: 36 Founded Equity Bank in 2002 2018 EY Entrepreneur of the Year National Finalist 2014 Most Influential CEO, Wichita Business Journal Chris Navratil Chief Financial Officer Years in Banking: 14 Promoted to Chief Fi
Slide 5: Our Value Proposition
Organic Growth Strategic Mergers & Acquisitions Disciplined Credit Standards Effective Balance Sheet & Capital Management EPS & Tangible Book Value Growth Our guiding principles and commitment to entrepreneurial spirit are part of our longstanding framework for delivering shareholder value Our Value
Slide 6: Robust Acquisition Opportunities
Robust Acquisition Opportunities Asset Size <$300M $300M - $1B $1B - $2B Kansas 132 48 8 Missouri 113 60 18 Arkansas 30 28 9 Oklahoma 97 55 14 Nebraska 83 44 13 Iowa 137 70 16 Total 593 305 78 EQBK Locations NBC Locations Core Markets Potential Markets of Expansion Number of Banks < $2B in Assets Ov
Slide 7: Record of M&A Execution
Record of M&A Execution Note: Transaction impact assumes cost savings are fully realized. 1) FDIC deal closed on date of announcement. First Ind. Corp. Community First Bancshares Prairie State Bancshares Eastman National Bancshares Cache Holdings, Inc. Kansas Bank Corporation Adams Dairy Bancshares
Slide 8: Stock Performance
Stock Performance Source: S&P Capital IQ, Market Data as of 5/12025 SHARE PRICE $38.65 AS OF 5/1/2025 5-YEAR CHANGE 140.06% Vs. 55.10% on KRX 1-YEAR CHANGE 13.21% Vs. 9.45% on KRX EQUITY BANCSHARES, INC. KRX NASDAQ BANKING INDEX MARKET CAP PRICE / TBV PRICE / 2025 EPS DIVIDEND YIELD $676M 1.25x 10.3
Slide 9: Total Assets
Total Assets Past Results are not necessarily indicative of future performance. Figures presented represent forward looking statements and are not guarantees of future performance and are subject to certain risks, assumptions and uncertainties that are difficult to predict. Please see the forward-lo
Slide 10: Low-cost Core Deposits
Low-cost Core Deposits Source: S&P Capital IQ. Proxy Peer Group consists of 19 banks. Based on Q1 2025. If Q1 2025 data was not available, FY 2024 was used. Cost of Total Deposits Proxy Peer Median Cost of IB Deposits Proxy Peer Median
Slide 11: Yield
Yield Source: S&P Capital IQ. Proxy Peer Group consists of 19 banks. Based on Q1 2025. If Q1 2025 data was not available, FY 2024 was used. Yield on Total Loans Proxy Peer Median Yield on Interest-earning Assets Proxy Peer Median
Slide 12: Credit Concentration
Credit Concentration Source: Y9C – Loans and Leases HC-C Non-Owner Occupied CRE Non-Farm / Non-Residential Multi-Family Construction
Slide 13: Tangible Book Value Per Share
Tangible Book Value per common share. Non-GAAP Measure. For a reconciliation of Non-GAAP measures, please see appendix. AOCI Impact TBVPS TBVPS Ex. AOCI Tangible Book Value Per Share | IPO to Current Tangible Book Value Per Share | Quarter over Quarter Walk 8.18% CAGR Ex. AOCI Tangible Book Value in
Slide 14: Pro Forma Highlights
@ EQUITY BANCSHARES, INC. Pro Forma Highlights ay Nsc
Slide 15: Combined Company Profile
Combined Company Profile 1) Estimated financial impact is presented for illustrative purposes only. Includes purchase accounting marks and transaction related expenses; see Appendix for Pro Forma reconciliations. Pro Forma data is subject to various assumptions and uncertainties. See disclaimer "For
Slide 16: Pro Forma Financial Impact
Compelling Pro Forma Financial Impact Note: Estimated financial impact is presented for illustrative purposes only. Includes purchase accounting marks and transaction related expenses; see Appendix for Pro Forma reconciliations. Pro Forma data is subject to various assumptions and uncertainties. See
Slide 17: Pro Forma Loan & Deposit Composition
Pro Forma Loan & Deposit Composition Note: EQBK Loan and Deposit Data per GAAP filings; NBC Oklahoma Loan and Deposit Data per bank level regulatory filings (1) Excludes purchase accounting adjustments; Estimated as of 12/31/2024; Yield/Cost per most recent quarter Yield: 6.68% $682M Cost: 2.44% $81
Slide 18: Outlook
EQuITY Outlook BANCSHARES, INC.
Slide 19: Outlook and Forecast
NOTE: Figures presented in this outlook represent forward-looking statements and are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Please see Special Note Concerning Forward-Looking Statements and Focus Variables for Outl
Slide 20: 2025 1st Quarter Financial Results
2025 1st Quarter Financial Results
Slide 21: 1st Quarter 2025 Financial Highlights
1st Quarter 2025 | Financial Highlights Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. 2025 2024 2024 Earnings & Profitability Q1 Q4 Q3 Earnings Per Share | Core Earnings Per Share1 $0.85 | $0.90 $1.04 | $1.10 $1.28 | $1.32 Book Value Per Share | TB
Slide 22: Performance Metrics
Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. Core Return On Average Tangible Common Equity1 Core Return on Average Assets1 Efficiency Ratio1 TCE / TA Excluding AOCI1 Performance Metrics
Slide 23: Primary Drivers
Primary Drivers Net Interest Income Noninterest Income Rate Protection Noninterest Expense Provision for Credit Losses Net interest income was $50.3 million for the period, as compared to $49.5 million for previous quarter. Adjusting the stated number for non-recurring nonaccrual reversals and exces
Slide 24: Profitability
Profitability Noninterest income is adjusted to exclude and gain/(loss) on securities transactions Revenue Composition1 Profitability Ratios1
Slide 25: Net Interest Margin Primary Drivers
Primary Drivers Deposits Cost of Deposits Loan Yield Investment Yield Borrowings Noninterest-bearing deposits constitute 21.6% of total deposits. Cost of total deposits decreased 9bps and cost of interest-bearing deposits decreased 13bps in the quarter. Loan yield increased 1bps quarter-over-quarter
Slide 26: Strong Core Deposit Franchise
Current Deposit Composition Core Deposits excludes brokered & listing service deposits Trending Deposit Composition & Loan To Deposit Ratio Core Deposits1 / Total Deposits Strong Core Deposit Franchise
Slide 27: Yield Analysis
Yield Analysis1 Q3 2024 Q4 2024 Q1 2025 Fed Funds Effective Rate 5.33% 4.65% 4.33% Change Since Beginning of Rate Cycle – Sept 2024 -0.07% -0.68% -1.00% Loan Coupon 25% 28% IB Deposits 41% 41% Total Deposits 31% 30% Yield / Cost Components Loan Coupon exclusive of the impact of derivatives, purchase
Slide 28: Diversified Loan Portfolio
Total Classified Assets $63.9M Total Classified Assets / Total Bank Regulatory Capital 10.24% Net Charge-offs Annualized / Average Loans 0.08% Total Loans & Yield on Loans Diversified Loan Portfolio Current Loan Composition
Slide 29: Asset Quality Trends | Quarterly
Nonperforming Assets1,2 Total Reserve Ratio OREO & Other Rep. Assets excludes Bank owned branch assets, totaling $1.1M, classified as Other Real Estate Owned within the Statements of Condition. NPAs / Assets Includes loans 90+ days past due which are not highlighted in the table. Net Charge-offs / A
Slide 30: Asset Quality Trends | Annual
OREO & Other Rep. Assets excludes Bank owned branch assets, totaling $1.1M, classified as Other Real Estate Owned within the Statements of Condition. NPAs / Assets Includes loans 90+ days past due which are not highlighted in the table. Net Charge-offs / Average Loans Classified Assets Nonperforming
Slide 31: Capital Management
Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. EQBK Well Capitalized CAPITAL PRIORITIES Maintain well capitalized regulatory levels Capacity for organic growth Merger & acquisitions Dividend payout ratio targeted at 10-20% Common stock repurchases D
Slide 32: Focus Variables for Outlook & Forecast
Focus Variables for Outlook & Forecast OUR OUTLOOK REQUIRES CLARITY AROUND CERTAIN VARIABLES, INCLUDING: ECONOMIC ENVIRONMENT CUSTOMER NEEDS COST OF FUNDING COMPETITIVE MARKET INVESTMENT OPPORTUNITIES POLITICAL ENVIRONMENT Business activity creates opportunity for lending and deposit growth. Current
Slide 33: Our Markets
Our Markets Source: S&P Capital IQ, Deposit Market data as of 6/30/24. Market rank is based on counties with a EQBK physical presence. Kansas Market Rank #8 Deposits $2.5B Deposit Market Share 3.80% Missouri Market Rank #7 Deposits $1.1B Deposit Market Share 1.89% Oklahoma Market Rank #15 Deposits $
Slide 34: Equity Bancshares, Inc.
EQUITY BANCSHARES, INC. investor.equitybank.com
Equity Bancshares — D.A. Davidson Investor Conference May 2025 on 6ix