Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Merger or Acquisition (September 2026)
23 slides from Equity Bancshares's merger presentation, Sep 3, 2026
Slide 1: Equity Bancshares Lincoln Bancorp
N YSE : E QB K Equity Bancshares Lincoln Bancorp August 2026 Merger with Lincoln Savings Bank September 3, 2026
Slide 2: Forward Looking Statements
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK 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 and are
Slide 3: Transaction Highlights & Strategic Rationale
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Highlights & Strategic Rationale Equity Bancshares, Inc. (NYSE: EQBK) has agreed to acquire Lincoln Bancorp At a Glance • Lincoln Bancorp is the bank holding company for Lincoln Savings Bank, a community bank headquartered
Slide 4: Compelling Pro Forma Financial Impact
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Compelling Pro Forma Financial Impact1 Pro Forma Balance Sheet Highlights $9.1B TOTAL ASSETS $6.7B TOTAL LOANS $7.7B TOTAL DEPOSITS Earnings Impact 5.1% | $0.27 7.5% | $0.42 2027E EPS IMPACT 2028E EPS IMPACT Iowa Nebraska Tangible Boo
Slide 5: Complementary Loan & Deposit Profiles
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Complementary Loan & Deposit Profiles Pro Forma1 Cons. & Other Cons. & Other 2% 2% C&D C&D C&I C&D Loan Composition 13% Agri. 5% 20% Agri. 12% C&I Agri. C&I 4% 5% 18% 5% 18% Ag RE Ag RE Ag RE 9% 8% 8% $5.4B $1.2B $6.6B Yield: 6.72% Yi
Slide 6: Transaction Overview & Assumptions
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Overview & Assumptions • Total deal value of approximately $123.8 million 1 − Stock: 1.89 million shares issued to Lincoln • Pro forma ownership: 91.6% EQBK / 8.4% Lincoln − Cash: $29.5 million in total cash consideration
Slide 7: Pro Forma Results at Different Credit Marks
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Pro Forma Results at Different Credit Marks1 Total Credit Mark2 $38.3M $28.2M $18.0M Transaction Price Per Share of Lincoln $14.47 $15.58 $16.68 Implied Transaction Price / Tangible Book Value Per Share 0.91x 0.98x 1.05x Pricing & Mul
Slide 8: Lincoln Savings Bank | Company Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Lincoln Savings Bank | Company Overview Company Highlights Presence in Attractive Iowa Markets1 Deposits in Market • Founded in 1902 Number of Market Share • Headquartered in Reinbeck, IA MSA Rank Institution Branches ($M) (%) • Opera
Slide 9: Targeted Expansion Into Iowa Markets
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Targeted Expansion Into Iowa Markets Des Moines Highlights & Top Employers Waterloo-Cedar Falls Highlights & Top Employers T o p Mi d - S i z e d Me t r o f o r Be s t P l a c e s t o L i v e i n I o w a #2 E c o n o m i c D e v e lo
Slide 10: A Clear, Actionable Opportunity in Iowa
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK A Clear, Actionable Opportunity in Iowa Scarce Universe of Iowa Targets • Of Iowa’s 86 banks and thrifts that fall within EQBK’s target $300 million – $2 billion asset range, 19 have a presence in Des Moines – Iowa’s 2nd largest MSA 2
Slide 11: Company Profile
. EQUITY Company Profile @ BANCSHARES, INC.
Slide 12: Equity Bancshares, Inc. Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Equity Bancshares, Inc.| NYSE: EQBK Overview $7.7B $5.4B $6.3B $1.022B Assets Loans Deposits Market Cap 1 9.07% 11.84% 14.66% WICHITA TCE/TA 2 CET 1 TRBC HEADQUARTERS Strategic Execution Of Acquisitions EQBK Growth Since Inception 10.
Slide 13: Equity Bancshares, Inc. Leadership Team
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Equity Bancshares, Inc.| Leadership Team Brad Elliott Rick Sems Chris Navratil Julie Huber Chairman & CEO Chief Executive Officer Chief Financial Officer Chief Operating Officer Equity Bancshares, Inc. Equity Bank Founded Equity Bank
Slide 14: Our Value Proposition
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Our Value Proposition Organic Growth Our guiding principles and Strategic Mergers & Acquisitions commitment to entrepreneurial spirit Disciplined Credit Standards are part of our longstanding framework for Effective Balance Sheet & Ca
Slide 15: Record of M&A Execution
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Record of M&A Execution American Community Eastman Cache City Bank & Rockhold Kansasland Frontier First Ind. Prairie State Kansas Bank Adams Dairy Almena State NBC Corp. of First National Holdings, Trust Bancorp. Bancshares, Holdings,
Slide 16: Metro Markets
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Metro Markets Equity Bank's metro markets pair nationally ranked livability with diverse, durable economies; spanning corporate headquarters, aerospace, energy, financial services, and capital-city employment anchors. KANSAS OKLAHOMA
Slide 17: Appendix
. E Appendix @ Bancesanes, INC.
Slide 18: Comprehensive Due Diligence
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Comprehensive Due Diligence • Thorough review of key operating areas of the bank over multiple months • Carried out by EQBK team members and leadership across multiple verticals, with deep acquisition and integration experience PROCES
Slide 19: Goodwill and TBV Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Goodwill and TBV Reconciliation Goodwill Reconciliation ($M) At Close Tangible Book Value Reconciliation ($M) At Close Total Consideration $123.8 EQBK Common Equity 874.0 Lincoln Tangible Common Equity 116.6 Less: Goodwill and Intangi
Slide 20: Non-GAAP reconciliations
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Non-GAAP reconciliations Cal cula t i o n s o f tangi ble co m m on e qui ty a nd rel ate d mea sure s ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 20
Slide 21: Non-GAAP reconciliations
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Non-GAAP reconciliations Cal cula t i o n s o f ret urn o n ave ra ge t angible com m o n equity and e ffic ie nc y ratio ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 202
Slide 22: Non-GAAP reconciliations
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Non-GAAP reconciliations Cal cula t i o n s o f ret urn o n ave ra ge a sse ts, average equi ty and o perating inco m e ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2026
Slide 23: investor.equitybank.com
EQUITY BANCSHARES, INC. investor.equitybank.com
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