Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q2 2025 Earnings Presentation
25 slides from Equity Bancshares's earnings presentation, Jul 15, 2025
Slide 1: 2025 2nd Quarter Financial Results
Exhibit 99.2 2025 2nd Quarter Financial Results July 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 $5.4B $3.6B $4.2B $835M Assets Loans Deposits Market Cap 1 10.63% 15.07% 16.84% $32.17 TCE/TA 2 CET 1 TRBC TBVPS2 Strategic Execution Of Acquisitions $6.3B NBC OKLAHOMA $5.4B Merger Closed on July 2, 2025 25.9% Compound Annual Growth Rate3 $1.6B $380M SCA
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 TBVPS Ex. AOCI Since IPO, Tangible Book Value increased $16.20 to $32.17 $ 34.46 AOCI Impact 8.46 % $32.17 TBVPS CAGR Ex. AOCI $ 16.26 $15.97 2015 2025 Q2 Tangible Book Value Per Share | Quarter over Quarter Walk During th
Slide 7: 2nd Quarter 2025 Financial Highlights
2nd Quarter 2025 | Financial Highlights 2025 2025 2024 $17.5M Earnings & Profitability Earnings Per Share | Core Earnings Per Share 1 Q2 $0.87 | $0.99 Q1 $0.86 | $0.90 Q4 $1.06 | $1.10 Core Net Income 1 1 Book Value Per Share | TBV Per Share $36.27 | $32.17 $35.23 | $31.07 $34.04 | $30.07 1 Net Inco
Slide 8: Performance Metrics
Performance Metrics Return On Average Tangible Common Equity - Core 1 Return on Average Assets - Core 1 1.56% 19.58% 1.37% 1.35% 16.89% 1.25% 1.24% 15.29% 12.14% 12.64% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Efficiency Ratio 1 TCE / TA Excluding AOCI 1 11.31%
Slide 9: Net Income
Net Income Net Interest Income Noninterest Income Noninterest Expense Net interest income was $49.8 million for the Total non-interest income was $8.6 million for the Total non-interest expense for the quarter was period, as compared to $50.3 million for previous quarter, as compared to $10.3 millio
Slide 10: Profitability
Profitability Revenue Composition 1 Profitability Ratios 1 Net Interest Income Noninterest Income Noninterest Income / Operating Revenue 17.02% 16.52% 16.24% $10,318 $8,818 $8,577 15.13% $8,985 14.69% $9,111 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Noninterest Income / Average Assets 0.80% 0.70% 0.70
Slide 11: Net Interest Income
Net Interest Income Deposits Cost of Deposits Loan Yield Investment Yield Borrowings Noninterest-bearing Cost of total deposits as well Loan yield decreased 20bps Investment yield decreased Borrowing balances deposits constitute 21.6% of as cost of interest-bearing quarter-over-quarter, 5bps quarter
Slide 12: Strong Core Deposit Franchise
Strong Core Deposit Franchise Core Deposits 1 / Total Deposits Non-Interest Core Deposits Brokered Deposits Bearing DDA Interest 21.6% Bearing DDA 4.70% 2.86% 3.30% 7.44% 6.02% 25.2% Time Deposits < Current 100k Deposit 4.4% 97.14% 96.70% Composition 95.30% 92.56% 93.98% Time Deposits > 100k 15.1% M
Slide 13: Yield / Cost Components
Yield / Cost Components Cost Analysis Cumulative Betas Cost of Deposits Cost of IB Deposits Q3 Q4 Q1 Q2 2024 2024 2025 2025 2.85% 2.78% Fed Funds Effective Rate 5.33% 4.65% 4.33% 4.33% 2.57% 2.47% Change Since Beginning 2.44% -0.07% -0.68% -1.00% -1.00% 2.20% of Rate Cycle – Sept 2024 2.14% 1.99% 1.
Slide 14: Diversified Loan Portfolio
Diversified Loan Portfolio Total Loans & Yield on Loans 7.15% 6.94% 6.62% 5.59% 4.36% Commercial real estate 51% $3.6B $3.5B $3.3B $3.3B $3.2B Consumer 3% Current Agricultural Loan 2021 2022 2023 2024 Q2 2025 3% Agricultural real Composition 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 OREO & Other Repo. Assets NPAs / Assets Allowance for Credit Losses Purchase Discount 0.85% 0.52% 0.60% 0.65% 0.51% $2.7 1.30% 1.26% 1.29% 1.30% 1.29% $0.9 $7.5 0.04% 0.05% 0.05% 0.04% 0.03% $0.6 $2.6 $42.6 1
Slide 16: Asset Quality Trends | Annual
Asset Quality Trends | Annual Nonperforming Assets 1 , 2 Total Reserve Ratio Nonaccruals OREO & Other Repo. Assets NPAs / Assets Allowance for Credit Losses Purchase Discount 1.28% $36.4 0.85% 1.65% 0.65% 1.43% 0.53% $2.7 1.35% 1.29% 1.29% 0.37% 0.12% 0.05% 0.04% 0.05% 0.03% $1.2 $7.5 $0.6 1.53% $42
Slide 17: Capital Management
Capital Management THE COMPANY’S CAPITAL RATIOS ARE WELL CAPITALIZED LEVELS AS OF 6/30/2025 EQBK Well Capitalized CAPITAL PRIORITIES Maintain well capitalized regulatory levels 16.84% 15.67% Capacity for organic growth 15.07% 10.50% Merger & acquisitions 12.07% 10.63% 8.50% 7.00% Dividend payout rat
Slide 18: Outlook on Key Business Drivers
Outlook on Key Business Drivers 2 nd QUARTER 2025 FORWARD LOOKING RESULTS ESTIMATES 3 rd QUARTER 2025 4 th QUARTER 2025 Avg. $4,183M $4,150 – 4,300M $4,800 – 5,000M $4,850 – 5,050M Deposits Avg. $3,631M $3,600 – 3,700M $4,200 – 4,400M $4,300 – 4,500M Loans Avg. $4,791M $4,800 – 4,900M $5,600 – 5,800
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 $317M Deposit Market Share 1.58% Deposit Market Share 2.72% Equity Bancshares, Inc. |
Slide 21: Non-GAAP Reconciliations
Non-GAAP 8 EQUITY Reconciliations BANCSHARES, INC.
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations CALCULATIONS OF TANGIBLE COMMON EQUITY AND RELATED MEASURES ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Total stockholder's equity $635,636 $617,324 $592,918 $504,038 $461,435 Goodwill
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations CALCULATIONS OF RETURN ON AVERAGE TANGIBLE COMMON EQUITY AND EFFICIENCY RATIO ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Total average stockholders' equity $627,103 $605,917 $533,227 $
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 June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Net income (loss) allocable to common stockholders 15,264 15,04
Slide 25: investor.equitybank.com
@ EQUITY BANCSHARES, INC. investor.equitybank.com