Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q4 2025 Earnings Presentation
24 slides from Equity Bancshares's earnings presentation, Jan 22, 2026
Slide 1: 2025 4th Quarter Financial Results
Exhibit 99.2 2025 4th Quarter Financial Results January 21, 2026
Slide 2: Forward Looking Statements
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 manage
Slide 3: Overview
Equity Bancshares, Inc.| NYSE: EQBK Overview $6.4B $4.2B $5.1B $851M Total Assets Total Loans Total Deposits Market Capitalization1 9.94% 13.08% 16.31% $32.86 Tangible Common Equity / Common Equity Total Risk-Based Tangible Book Value Tangible Assets2 Tier 1 Capital Per Share2 Strategic Execution Of
Slide 4: Leadership Team
Leadership Team Brad Elliott Rick Sems Equity Bancshares, Inc. Chairman & CEO Equity Bank CEO Years in Banking: 37 Years in Banking: 26 Founded Equity Bank in 2002 Equity Bank CEO since May 2024. Joined Equity Bank as President in May 2018 EY Entrepreneur of the Year National Finalist 2023. Prior to
Slide 5: Our Value Proposition
Our Value Proposition Organic Growth Our guiding principles Strategic Mergers & Acquisitions and commitment to entrepreneurial spirit Disciplined Credit Standards are part of our longstanding framework for delivering Effective Balance Sheet & Capital Management shareholder value EPS & Tangible Book
Slide 6: Tangible Book Value Per Share
Tangible Book Value Per Share1 Tangible Book Value Per Share | IPO to Current Tangible Book Value Per Share | Quarter over Quarter Walk Since IPO, Tangible Book Value increased $16.89 from $15.97 to $32.86 During the quarter, Tangible Book Value increased $1.17 from $31.69 to $32.86 $32.86 $1.16 $0.
Slide 7: 4th Quarter 2025 Financial Highlights
4th Quarter 2025 | Financial Highlights $24.2M $1.26 $5.1B $4.2B Core Net Income 1 Core Earnings Total Deposits Gross Loans Per Share 1 Key Performance Metrics 4Q 2025 3Q 2025 2Q 2025 1 Earnings Per Share | Core Earnings Per Share $1.16 | $1.26 $(1.55) | $1.21 $0.87 | $0.99 1 Book Value Per Share |
Slide 8: Performance Metrics
Performance Metrics Return On Average Tangible Common Equity - Core1 Return on Average Assets - Core1 15.56% 1.57% 15.29% 1.51% 14.30% 1.37% 1.35% 12.64% 1.24% 12.14% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Efficiency Ratio1 Tangible Common Equity / Tangible A
Slide 9: Net Income
Net Income Net Interest Income Noninterest Income Noninterest Expense Net interest income was $63.5 million for the period, as Total non-interest income was $9.4 million for the period, Excluding the impact of merger-related expenses, compared to $62.5 million in the previous quarter. as compared to
Slide 10: Profitability
Profitability Revenue Composition1 Profitability Ratios1 Net Interest Income Noninterest Income Noninterest Income / Operating Revenue Net Interest Margin (%) 17.02% 15.13% 14.69% $9,378 12.87% $8,873 12.43% $63,502 $62,485 $10,318 $8,818 $8,577 $49,473 $50,292 $49,802 Q4 2024 Q1 2025 Q2 2025 Q3 202
Slide 11: Net Interest Income
Net Interest Income Deposits Cost of Deposits Loan Yield Investment Yield Noninterest-bearing deposits constitute Cost of total deposits decreased 10bps Loan yield decreased 17bps to 7.01% Investment yield increased 71bps to 22.4% of total deposits. to 1.88%, and cost of interest-bearing quarter-ove
Slide 12: Balance Sheet
Balance Sheet Deposit Composition Loan Composition 24.7% 53% Interest- Commercial 19% bearing Real-estate Commercial & 22.4% Industrial Noninterest- bearing $5.1B $4.2B Total Deposits Total Loans 14% 28.7% Res. RE Money 3.9% Market Time < 100K 7% 15.3% 4% Ag. RE Time > 100K 5.1% 3% Savings Ag. Consu
Slide 13: Yield / Cost Components
Yield / Cost Components Cost Analysis Core Deposits / Total Deposits Cost of Deposits Cost of IB Deposits Core Deposits Brokered Deposits 2.86% 3.26% 2.99% 1.40% 6.02% 2.57% 2.58% 2.44% 2.47% 2.43% 97.14% 96.74% 97.01% 98.60% 1.99% 1.98% 93.98% 1.93% 1.90% 1.88% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 20
Slide 14: Asset Quality Trends | Quarterly
Asset Quality Trends | Quarterly Nonperforming Assets1,2 Total Reserve Ratio Nonaccruals Nonaccruals - NBC Oklahoma Allowance for Credit Losses Purchase Discount OREO & Other Repo. Assets NPAs / Assets 0.85% 0.83% 0.73% 0.65% $1.2 1.36% 1.33% $2.7 1.29% 1.30% 1.29% $7.0 $3.8 0.51% 0.05% 0.04% 0.03%
Slide 15: Asset Quality Trends | Annual
Asset Quality Trends | Annual Nonperforming Assets1,2 Total Reserve Ratio Nonaccruals OREO & Other Repo. Assets NPAs / Assets Allowance for Credit Losses Purchase Discount 1.28% 1.65% 1.43% 0.65% 0.73% 1.35% 1.29% 1.33% 0.53% 0.12% 0.37% 0.05% 0.04% $36.4 $3.8 0.05% 0.08% $1.2 $7.5 1.53% 1.38% 1.31%
Slide 16: Capital Management
Capital Management The Company’s capital ratios are well capitalized levels as of 12/31/2025 EQBK Well Capitalized CAPITAL PRIORITIES Maintain well capitalized regulatory levels 16.31% 13.59% Capacity for organic growth 13.08% 10.50% 8.50% 10.64% Merger & acquisitions 9.94% 7.00% Dividend payout rat
Slide 17: Outlook on Key Business Drivers
Outlook on Key Business Drivers 4TH Quarter 2025 Forward Looking Results Estimates 2026FY Avg. $5,074M $5,000 – 5,100M $6,200 – 6,300M Deposits Avg. $4,210M $4,250 – 4,300M $5,600 – 5,700M Loans Avg. $5,642M $5,550 – 5,650M $6,900 – 7,050M Earning Assets Net Interest 4.47% 4.40 – 4.50% 4.20 – 4.35%
Slide 18: Focus Variables for Outlook & Forecast
Focus Variables for Outlook & Forecast Our out look requires clarit y around cert ain variables, includin g: Economic Customer Cost of Competitive Investment Political Environment Needs Funding Market Opportunities Environment Business activity Directly related to Impacts rates on our Providing cust
Slide 19: Our Markets
Our Markets Market Share Market Footprint1 Kansas Expansion into focus markets of Omaha and Lincoln, create a network that is both diverse and complementary to EQBK’s legacy franchise #6 $2.5B 3.93% Market Rank Market Deposits Market Share Oklahoma #10 $1.3B 1.53% Market Rank Market Deposits Market
Slide 20: Non-GAAP Reconciliations
Reconciliations BANCSHARES, INC.
Slide 21: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of t angible common equit y and relat ed measures ($ in thousands, except per share data) Quarter Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Total stockholder's equity $732,054 $711,892 $635,636 $617,324 $592,91
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of ret urn on average t angible common equit y and efficiency rat io ($ in thousands, except per share data) Quarter Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Total average stockholders' equity $725,651 $715,31
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of ret urn on average asset s, average equit y and operat ing income ($ in thousands, except per share data) Quarter Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Net income (loss) allocable to common stockholders
Slide 24: investor.equitybank.com
@ EQUITY BANCSHARES, INC. investor.equitybank.com