Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Merger or Acquisition (April 2025)
21 slides from Equity Bancshares's merger presentation, Apr 3, 2025
Slide 1: Merger with NBC Corp. of Oklahoma
Exhibit 99.2 NYSE: EQBK Merger with NBC Corp. of Oklahoma April 2, 2025
Slide 2: Transaction Rationale
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Rationale • Further expands EQBK’s presence in vital Oklahoma markets, including OKC nd • Oklahoma becomes EQBK’s 2 largest deposit market STRATEGIC • More C&I Lending with lower CRE exposure • Core funded with low-cost de
Slide 3: Combined Company Profile
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Combined Company Profile 1 Pro Forma Balance Sheet Highlights ( a t Clo s e ) $6.4B $4.3B $5.3B Total Assets Total Loans Total Deposits 9.2% 13.4% 16.2% TCE/TA CET 1 TRBC Pro Forma Footprint #9 1.58% $1.3B Oklahoma Deposit Market Tota
Slide 4: NBC Oklahoma Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK NBC Oklahoma | Overview Overview Total Assets Loans / Deposits (%) Parent Name NBC Corp. of Oklahoma Company Name NBC Oklahoma $906 83.5% Headquarters Oklahoma City, OK $899 76.8% $895 73.7% 73.7% Year Established 1933 Number of Offic
Slide 5: Oklahoma City Market Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Oklahoma City | Market Overview th th • Ranking 10 in deposit market share within Oklahoma City and 19 in the broader OKC MSA MARKET• Oklahoma City has a vibrant and growing economy, one of just 14 cities in the U.S. to gain over 100,
Slide 6: Our Combined Markets
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Our Combined Markets Kansas Missouri Arkansas Market Rank #8 Market Rank #7 Market Rank #9 Deposits $2.5B Deposits $1.1B Deposits $317M Deposit Market Share 3.80% Deposit Market Share 1.89% Deposit Market Share 2.72% Oklahoma #9 1.58%
Slide 7: Pro Forma Loan & Deposit Composition
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Pro Forma Loan & Deposit Composition Consumer and Other 2% Consumer and Other C&I 3% Agri. Consumer C&I Agri. 4% 21% and Other 19% C&I 2% 1% 29% Agri. Ag RE Ag RE 11% 7% 8% Ag RE $682M $3.5B $4.2B 6% LOANS Yield: 6.68% Yield: 7.15% Yi
Slide 8: Transaction Overview & Assumptions
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Overview & Assumption • EQBK to acquire 100% of NBC Corp. of Oklahoma EXPECTED • Estimated cost savings of approximately 34.5% of • NBC Oklahoma to merge into Equity Bank COST NBC’s non-interest expense • Merger considerat
Slide 9: Compelling Pro Forma Financial Impact
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Compelling Pro Forma Financial Impact Earnings Impact 4.6% 12.5% 2025E EPS Impact 2026E EPS Impact Tangible Book Value Impact (5.0)% <3 Years Tangible Book Value Tangible Book Value Dilution Earnback Pro Forma Consolidated Capital at
Slide 10: Company Profile
COMPANY PROFILE panchguy Inc
Slide 11: Equity Bancshares, Inc. Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Equity Bancshares, Inc.| NYSE: EQBK Overview $5.3B $3.5B $4.4B $687M 1 Assets Loans Deposits Market Cap 9.95% 14.51% 18.07% WICHITA 2 TCE/TA CET 1 TRBC Headquarters Success in Executing Strategic Acquisitions - core competency $5.3B 2
Slide 12: Leadership Team
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK 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 E
Slide 13: 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 14: Record of M&A Execution
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Record of M&A Execution American Community Eastman City Bank & Kansasland Rockhold First Ind. Prairie State Cache Kansas Bank Adams Dairy Almena State State First National Trust Bancshares, Bancorp. Corp. Bancshares Holdings, Inc. Cor
Slide 15: Appendix
APPENDIX @ Bancegurs Inc.
Slide 16: 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 weeks • Carried out by EQBK team members and leadership across multiple verticals, with deep acquisition and integration experience • Detai
Slide 17: Goodwill and TBV Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Goodwill and TBV Reconciliation Goodwill Reconciliation $ in Millions At Close TBV Reconciliation $ in Millions At Close EQBK Common Equity 620.0 Total Consideration $86.9 Less: Goodwill and Intangibles (66.9) NBC Common Equity 68.0 E
Slide 18: Pro Forma Earnings Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Pro Forma Earnings Reconciliation Illustrative Earnings Accretion (assumes 6/30/25 close) ($ in Millions) 2025E 2026E (1) EQBK Earnings 64.7 71.6 NBC Earnings 4.1 8.5 Combined Earnings $68.8 $80.1 After-Tax Merger Adjustments Cost Sav
Slide 19: Non-GAAP Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Non-GAAP Reconciliation CALCULATIONS OF TANGIBLE COMMON EQUITY AND RELATED MEASURES ($ in thousands, except per share data) QUARTER ENDED December 31, September 30, June 30, March 31, December 31, 2024 2024 2024 2024 2023 Total stockh
Slide 20: 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. These
Slide 21: Equity Bancshares, Inc.
2 EQUITY BANCSHARES, INC. investor equitybank.com
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