Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q1 2016 Earnings Presentation
16 slides from Equity Bancshares's earnings presentation, Apr 21, 2016
Slide 1: Q1 Results Presentation
Q1 Results Presentation April 22, 2016 Exhibit 99.2
Slide 2: Disclaimers
Disclaimers This presentation has been prepared by Equity Bancshares, Inc. (“Equity” or “EQBK” or the “Company”) solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making thei
Slide 3: 2016 Q1 Highlights
$3.4 million net income allocable to common stockholders 43% growth over Q1, 2015 Efficiency ratio of 64.05%, compared to 66.62% at 3/31/2015 1 Paid off SBLF Restructured our term bank stock loan into a line of credit Continued our FHLB stock “leverage strategy” Grew core “Signature” deposits by $26
Slide 4: Tangible Common Book Value
Tangible Common Book Value 2 Tangible Common Book Value per Share and Asset Growth 2012: Completion of FCB acquisition. $20.4MM capital raised to fund FCB. 2014: Repurchase 1.3MM shares. Repayment of $15.54MM of FCB TARP with a Bank stock loan. 2015: Acquisition of FFSL. IPO. TCBV CAGR 2012-2015: 11
Slide 5: EPS & ROATCE
EPS & ROATCE Diluted EPS and Net Income to Common Return on Average Tangible Common Equity 3 * Annualized
Slide 6: Revenue & Efficiency Ratio
Revenue & Efficiency Ratio Efficiency Ratio & NIE/Average Assets Income and Margin 4 84% 85% 84% 85% 85% 16% 15% 16% 15% 15% $30,393 $48,627 $49,049 $54,626 $15,036 * Excluding gains on sales of securities and acquisition
Slide 7: Asset Quality
Asset Quality 5 Nonperforming Assets 1.34% 1.76% 1.80% 1.33% NPAs / Assets 0.89% NCOs / Average Loans $0.50 $1.54 $1.44 $0.85 $3.50 NCO in $ ($ in millions) Commercial Loans Outstanding by Concentrations Classified Assets to Total Regulatory Capital CRE = 60% C&I = 37% ($ in millions) Classified Ass
Slide 8: Capital Position Over Time
Capital Position Over Time $17.2mm Share Repurchase (13.0% of 2013 Tier 1 Common) 6 IPO * Paid off Series C preferred stock in January
Slide 9: Loan Portfolio Composition & Growth
Loan Portfolio Composition & Growth Loan Composition 7 Loan Composition Loan Composition 2012 2013 2014 2015 Q1 2016 '12-'15CAGR ($ in 000s) Commercial Real Estate $,366,251 $,341,512 $,364,096 $,397,017 $,397,501 2.7251446328598883E-2 Commercial ,126,771 ,139,365 ,183,100 ,262,032 ,247,097 0.273829
Slide 10: Core Deposit Franchise
Core Deposit Franchise Deposit Portfolio Mix 8 Deposit Portfolio Mix Deposit Composition 2012 2013 2014 2015 Q1 2016 '12-'15CAGR ($ in 000s) Time Deposits $,400,003 $,363,210 $,342,160 $,438,612 $,430,512 3.1190935923231189E-2 Signature Deposits ,593,125 ,584,109 ,639,017 ,777,302 ,803,653 9.4328857
Slide 11: Footprint & Targets
Footprint & Targets NEBRASKA eh PG pape ba whites CEE 300mm-$600mm (160) @ Equity Branches 29)
Slide 12: Appendix
Appendix 10
Slide 13: Non-GAAP reconciliations overview
The subsequent tables present non-GAAP reconciliations of the following calculations: Tangible Common Equity (TCE) to Tangible Assets (TA) ratio Tangible Book Value per Common Share Return on average tangible common equity (ROATCE) Efficiency Ratio 11
Slide 14: TCE to TA and Tangible Book Value per Share
TCE to TA and Tangible Book Value per Share 12 Non-GAAP Financial Measures (Unaudited) As of and for the three months ended As of and for the years ended (Dollars in thousands, except per share data) March 31, 2016 December 31,2015 December 31,2014 December 31,2013 December 31,2012 2011 Total stockh
Slide 15: ROATCE and Efficiency Ratio
ROATCE and Efficiency Ratio 13 Non-GAAP Financial Measures (Unaudited) Years Ended December 31, (Dollars in thousands, except per share data) 2015 2015 2014 2013 2012 2011 Total stockholders’ equity $,167,232 $,167,232 $,117,729 $,139,873 $,138,169 $80,816 Less: preferred stock 16,372 16,372 16,359
Slide 16: Equity Bancshares, Inc.
EQUITY BANCSHARES, INC.