Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q3 2025 Earnings Presentation
25 slides from Equity Bancshares's earnings presentation, Oct 15, 2025
Slide 1: 2025 3rd Quarter Financial Results
Exhibit 99.2 2025 3rd Quarter Financial Results October 14, 2025
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 $4.3B $5.1B $778M Assets Loans Deposits Market Cap 1 9.69% 12.87% 16.12% $31.69 TCE/TA 2 CET 1 TRBC TBVPS2 Strategic Execution Of Acquisitions $7.9B Frontier Bank $6.4B Merger Announced on September 2, 2025 NBC Oklahoma 26.6% Compound Annual Merger
Slide 4: Leadership Team
Leadership Team Brad Elliott Rick Sems Equity Bancshares, Inc. Chairman & CEO Equity Bank CEO Years in Banking: 36 Years in Banking: 25 Founded Equity Bank in 2002 Announced as Equity Bank CEO in May 2024. Joined Equity Bank as 2018 EY Entrepreneur of the Year National Finalist President in May 2023
Slide 5: Our Value Proposition
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 & Capital Management delivering 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 Since IPO, Tangible Book Value increased $15.72 from $15.97 to $31.69 7.28 % $31.69 CAGR $15.97 2015 2025 Q3 Tangible Book Value Per Share | Quarter over Quarter Walk During the quarter, Tangible Book Value decreased $0.48
Slide 7: 3rd Quarter 2025 Financial Highlights
3rd Quarter 2025 | Financial Highlights 2025 2025 2025 $23.3M Earnings & Profitability Earnings Per Share | Core Earnings Per Share 1 Q3 $(1.55) | $1.21 Q2 $0.87 | $0.99 Q1 $0.86 | $0.90 Core Net Income 1 1 Book Value Per Share | TBV Per Share $37.25 | $31.69 $36.27 | $32.17 $35.23 | $31.07 1 Net In
Slide 8: Performance Metrics
Performance Metrics Return On Average Tangible Common Equity - Core 1 Return on Average Assets - Core 1 1.56% 1.51% 19.58% 1.37% 1.35% 1.24% 15.29% 14.30% 12.14% 12.64% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Efficiency Ratio 1 Tangible Common Equity / Tangibl
Slide 9: Net Income
Net Income Net Interest Income Noninterest Income Noninterest Expense Net interest income was $62.5 million for the Total non-interest income was $8.9 million for the Total non-interest expense for the quarter was period, as compared to $49.8 million in the previous period, as compared to $8.6 milli
Slide 10: Profitability
Profitability Revenue Composition 1 Profitability Ratios 1 Net Interest Income Noninterest Income Noninterest Income / Operating Revenue 16.52% 17.02% 15.13% 14.69% $8,873 12.43% $10,318 $8,818 $8,577 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $9,111 Noninterest Income / Average Assets 0.80% 0.70% 0.68
Slide 11: Net Interest Income
Net Interest Income Deposits Cost of Deposits Loan Yield Investment Yield Noninterest-bearing deposits Cost of total deposits increased 5bps Loan yield increased 23bps quarter- Investment yield increased 39bps constitute 22.5% of total deposits. to 1.98%, and cost of interest- over-quarter, driven b
Slide 12: Strong Core Deposit Franchise
Strong Core Deposit Franchise Non-Interest Core Deposits 1 / Total Deposits Bearing DDA Core Deposits Brokered Deposits Interest 22.5% Bearing DDA 2.86% 3.26% 2.99% 21.6% 7.44% 6.02% Time Deposits < 100k Current 4.1% Deposit Composition 97.14% 96.74% 97.01% 92.56% 93.98% Time Deposits > 100k 16.8% M
Slide 13: Yield / Cost Components
Yield / Cost Components Cost Analysis Cumulative Betas Cost of Deposits Cost of IB Deposits Q3 Q1 Q2 Q3 2024 2025 2025 2025 2.85% 2.78% Fed Funds Effective Rate 5.33% 4.33% 4.33% 4.29% 2.57% 2.58% 2.47% Change Since Beginning 2.44% -0.07% -1.00% -1.00% -1.04% 2.20% of Rate Cycle – Sept 2024 2.14% 1.
Slide 14: Diversified Loan Portfolio
Diversified Loan Portfolio Total Loans & Yield on Loans 7.15% 7.18% 6.62% 5.59% 4.36% Commercial real estate 52% $4.3B $3.5B Consumer $3.3B $3.3B $3.2B 3% Current Agricultural Loan 2021 2022 2023 2024 Q3 2025 4% Composition Agricultural real estate 6% Residential real Commercial and Total Classified
Slide 15: Asset Quality Trends | Quarterly
Asset Quality Trends | Quarterly Nonperforming Assets 1 ,2 Total Reserve Ratio Nonaccruals Nonaccruals - NBC Oklahoma Allowance for Credit Losses Purchase Discount OREO & Other Repo. Assets NPAs / Assets 0.85% 0.83% 0.65% $1.2 1.29% 1.30% 1.29% 1.36% 0.60% $2.7 1.26% $7.0 0.51% 0.05% 0.04% 0.03% 0.1
Slide 16: Asset Quality Trends | Annual
Asset Quality Trends | Annual Nonperforming Assets 1 ,2 Total Reserve Ratio Nonaccruals Nonaccruals - NBC Oklahoma Allowance for Credit Losses Purchase Discount OREO & Other Repo. Assets NPAs / Assets 1.28% 1.65% 0.83% 1.43% 1.36% 1.35% 1.29% 0.65% 0.12% 0.53% $1.2 0.37% 0.05% 0.04% $36.4 $7.0 0.05%
Slide 17: Capital Management
Capital Management THE COMPANY’S CAPITAL RATIOS ARE WELL CAPITALIZED LEVELS AS OF 9/30/2025 EQBK Well Capitalized CAPITAL PRIORITIES Maintain well capitalized regulatory levels 16.12% Capacity for organic growth 13.38% 12.87% 10.50% Merger & acquisitions 8.50% 10.41% 9.69% 7.00% Dividend payout rati
Slide 18: Outlook on Key Business Drivers
Outlook on Key Business Drivers 3 RD QUARTER 2025 FORWARD LOOKING 1 RESULTS ESTIMATES 4 th QUARTER 2025 2026FY Avg. $5,004M $4,800 – 5,000M $5,000 – 5,100M $6,250 – 6,350M Deposits Avg. $4,247M $4,200 – 4,400M $4,250 – 4,300M $5,600 – 5,800M Loans Avg. $5,574M $5,600 – 5,800M $5,550 – 5,650M $5,600
Slide 19: Focus Variables for Outlook & Forecast
Focus Variables for Outlook & Forecast OUR OUTLOOK REQUIRES CLARITY AROUND CERTAIN VARIABLES, INCLUDING: ECONOMIC CUSTOMER COST OF COMPETITIVE INVESTMENT POLITICAL ENVIRONMENT NEEDS FUNDING MARKET OPPORTUNITIES ENVIRONMENT Business activity Directly related to Impacts rates on our Providing customer
Slide 20: Our Markets
Our Markets Kansas Missouri Market Rank #8 Market Rank #7 Deposits $2.5B Deposits $1.1B Deposit Market Share 3.80% Deposit Market Share 1.89% Oklahoma Arkansas Market Rank #15 Market Rank #9 Deposits $1.3B Deposits $317M Deposit Market Share 1.58% Deposit Market Share 2.72% Equity Bancshares, Inc. |
Slide 21: Non-GAAP Reconciliations
Non-GAAP | EQUITY Reconciliations BANCSHARES, INC.
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations CALCULATIONS OF TANGIBLE COMMON EQUITY AND RELATED MEASURES ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Total stockholder's equity $711,892 $635,636 $617,324 $592,918 $504,038 Good
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations CALCULATIONS OF RETURN ON AVERAGE TANGIBLE COMMON EQUITY AND EFFICIENCY RATIO ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Total average stockholders' equity $715,319 $627,103 $605,
Slide 24: Non-GAAP reconciliations
Non-GAAP reconciliations CALCULATIONS OF RETURN ON AVERAGE ASSETS, AVERAGE EQUITY AND OPERATING INCOME ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Net income (loss) allocable to common stockholders (29,663
Slide 25: investor.equitybank.com
@ EQUITY BANCSHARES, INC. investor.equitybank.com