Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q1 2026 Earnings Presentation
25 slides from Equity Bancshares's earnings presentation, Apr 15, 2026
Slide 1: 2026 1st Quarter Financial Results
Exhibit 99.2 2026 1st Quarter Financial Results April 14, 2026
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 $7.7B $5.4B $6.3B $932M Total Assets Total Loans Total Deposits Market Capitalization1 8.99% 11.54% 14.36% $32.58 Tangible Common Equity / Common Equity Total Risk-Based Tangible Book Value Tangible Assets2 Tier 1 Capital Per Share2 Strategic Execution Of
Slide 4: 1st Quarter 2026 Financial Highlights
1st Quarter 2026 | Financial Highlights $28.0M $1.32 1.52% 16.10% Core Net Income 1 Core Earnings Core Return on Core Return on Average Per Share 1 Average Assets 1 Tangible Common Equity 1 Key Performance Metrics Q1 2026 Q4 2025 Q3 2025 1 Earnings Per Share | Core Earnings Per Share $0.80 | $1.32 $
Slide 5: A Year of Transformation
A Year of Transformation Over the past twelve months, we have fundamentally reshaped the scale and scope of Equity Bank. Through a disciplined acquisition strategy, we expanded our footprint, brought new capabilities under our roof, and accelerated growth. At the same time, our core business didn't
Slide 6: Leadership Team
Leadership Team Brad Elliott Rick Sems Equity Bancshares, Inc. Chairman & CEO Equity Bank CEO Years in Banking: 37 Years in Banking: 26 Founded Equity Bank in 2002 Equity Bank CEO since May 2024. Joined Equity Bank as President in May 2018 EY Entrepreneur of the Year National Finalist 2023. Prior to
Slide 7: Our Value Proposition
Our Value Proposition Organic Growth Our guiding principles Strategic Mergers & Acquisitions and commitment to entrepreneurial spirit Disciplined Credit Standards are part of our longstanding framework for delivering Effective Balance Sheet & Capital Management shareholder value EPS & Tangible Book
Slide 8: Tangible Book Value Per Share
Tangible Book Value Per Share1 Tangible Book Value Per Share | IPO to Current Tangible Book Value Per Share | Quarter over Quarter Walk Since IPO, Tangible Book Value increased $16.61 from $15.97 to $32.58 During the quarter, Tangible Book Value decreased $0.28 from $32.86 to $32.58 $32.58 7.20% $1.
Slide 9: Performance Metrics
Performance Metrics Return On Average Tangible Common Equity - Core1 Return on Average Assets - Core1 16.10% 1.57% 15.56% 1.51% 1.52% 14.30% 1.35% 12.64% 1.24% 12.14% +396 +28 bps bps YoY YoY Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Efficiency Ratio & Core NIE
Slide 10: Net Income
Net Income Net Interest Income Noninterest Income Noninterest Expense Net interest income was $73.7 million, up 16.0% quarter Total non-interest income for the quarter was $9.5 million Total non-interest expense for the quarter was $55.0 over quarter and 46.5% year over year. flat quarter-over-quart
Slide 11: Profitability
Profitability Revenue Composition1 Profitability Ratios1 Net Interest Income Noninterest Income 37% Noninterest Income / Operating Revenue Increase YoY Net Interest Margin (%) 17.02% 14.69% $9,595 12.43% 12.87% 11.52% $73,664 $9,378 $8,873 $63,502 $62,485 $10,318 $8,577 $50,292 $49,802 Q1 2025 Q2 20
Slide 12: Net Interest Income
Net Interest Income Deposits Cost of Deposits Loan Yield Investment Yield Noninterest-bearing deposits constitute Cost of total deposits increased 12bps to Loan yield decreased 17bps to 6.80% Investment yield increased 7bps to 20.2% of total deposits. 2.00%, and cost of interest-bearing quarter-over
Slide 13: Balance Sheet
Balance Sheet Deposit Composition Loan Composition 18% 20.2% 23.7% Commercial & Noninterest- 54% Industrial bearing Interest- bearing Commercial Real-estate 4.4% Time < 100K $6.3B $5.4B Total Deposits Total Loans 13% Res. RE 27.2% 19.7% Money Time > 100K Market 8% Ag. RE 4.7% 2% Ag. 5% Savings Consu
Slide 14: Yield / Cost Components
Yield / Cost Components Cost Analysis Core Deposits / Total Deposits Cost of Deposits Cost of IB Deposits Core Deposits Brokered Deposits 1.40% 3.26% 2.99% 6.02% 5.72% 2.58% 2.51% 2.44% 2.47% 2.43% 96.74% 97.01% 98.60% 1.98% 2.00% 93.98% 94.28% 1.93% 1.90% 1.88% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 20
Slide 15: Asset Quality Trends
Asset Quality Trends Nonperforming Assets1,2 Nonaccruals Nonaccruals - NBC Oklahoma Nonaccruals - Frontier OREO & Other Repo. Assets NPAs / Assets $3.0 $1.2 $36.4 $2.7 $7.9 $3.8 $7.0 $3.8 $42.6 $44.6 $40.3 $41.6 $40.3 $1.2 $7.5 $2.6 $29.4 $0.6 $25.0 $27.1 1.28% $24.2 $17.6 Millions 0.85% 0.83% 0.76%
Slide 16: Asset Quality Trends
Asset Quality Trends Classified Assets Classified Assets / Regulatory Capital 25.34% 12.00% 12.06% 11.39% 12.37% 12.06% 12.00% 9.98% 10.24% 7.09% 2021 2022 2023 2024 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Annual Quarterly Total Reserve Ratio Allowance for Credit Losses FMV Discount Purchase Di
Slide 17: Capital Management
Capital Management The Company’s capital ratios are well capitalized levels as of 3/31/2026 EQBK Well Capitalized CAPITAL PRIORITIES 14.36% Maintain well capitalized regulatory levels 11.96% 11.54% 10.50% Capacity for organic growth 8.50% 9.49% Merger & acquisitions 8.99% 7.00% 4.00% Dividend payout
Slide 18: Outlook on Key Business Drivers
Outlook on Key Business Drivers 1ST Quarter 2026 Forward Looking Results 2026FY Avg. $6,193M $6,200 – 6,400M Deposits Avg. $5,454M $5,500 – 5,600M Loans Avg. $6,896M $6,900 – 7,050M Earning Assets Net Interest 4.33% 4.20 – 4.35% Margin Provision For $(0.1)M $6 – 8M Credit Losses1 Core Non-interest $
Slide 19: Focus Variables for Outlook & Forecast
Focus Variables for Outlook & Forecast Our out look requires clarit y around cert ain variables, includin g: Economic Customer Cost of Competitive Investment Political Environment Needs Funding Market Opportunities Environment Business activity Directly related to Impacts rates on our Providing cust
Slide 20: Our Markets
Our Markets Market Share Market Footprint1 Kansas Expansion into focus markets of Omaha and Lincoln, create a network that is both diverse and complementary to EQBK’s legacy franchise #6 $2.5B 3.93% Market Rank Market Deposits Market Share Oklahoma #10 $1.3B 1.53% Market Rank Market Deposits Market
Slide 21: Non-GAAP Reconciliations
Reconciliations BANCSHARES, INC.
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of t angible common equit y and relat ed measures ($ in thousands, except per share data) Quarter Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Total stockholder's equity $817,610 $732,054 $711,892 $635,636 $617,324 G
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of ret urn on average t angible common equit y and efficiency rat io ($ in thousands, except per share data) Quarter Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Total average stockholders' equity $841,838 $725,651 $
Slide 24: Non-GAAP reconciliations
Non-GAAP reconciliations Calcula t io n s of ret urn on average asset s, average equit y and operat ing income ($ in thousands, except per share data) Quarter Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Net income (loss) allocable to common stockholders 16,
Slide 25: investor.equitybank.com
@ EQUITY BANCSHARES, INC. investor.equitybank.com