Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Shareholder Meeting (April 2019)
33 slides from Equity Bancshares's shareholder meeting presentation, Apr 24, 2019
Slide 1: 2019 Annual Meeting of Stockholders
2019 Annual Meeting of Stockholders April 24, 2019 Wichita Country Club ž 8501 E 13th St N ž Wichita, Kansas Exhibit 99.1
Slide 2: Disclaimers
Disclaimers Special Note Concerning Forward-Looking Statements This investor 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 statem
Slide 3: Official Business: Opening of Meeting
Official Business Opening of Meeting Brad S. Elliott, Chairman and CEO Presentation of notice of meeting and report on quorum Brett A. Reber, General Counsel and Julie A. Huber, Strategic Initiatives Approval of minutes from last meeting Brett A. Reber, General Counsel
Slide 4: Official Business: Election of Class I Directors
Official Business To elect four Class I members of the Company’s Board of Directors, to serve until the Company’s 2022 annual meeting of stockholders: James L. Berglund Retired President and CEO, Sunflower Bank Randee R. Koger Attorney & Partner, Wise & Reber, L.C. Jerry P. Maland Retired Chairman a
Slide 5: Official Business: Ratify Crowe LLP as Auditor
Official Business To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2019.
Slide 6: Official Business: Employee Stock Purchase Plan
Official Business To approve the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.
Slide 7: Official Business: Other Business
Official Business To transact such other business as may properly come before the meeting and any adjournment(s) or postponement(s) thereof. End of Official Business.
Slide 8: 2018 Annual Report to Stockholders
2018 Annual Report to Stockholders Brad S. Elliott, Chairman and CEO Equity Bancshares, Inc.
Slide 9: Board of Directors
Board of Directors Members of the Equity Bancshares and Equity Bank Boards of Directors. Back row, left to right: Jim Berglund, Greg Gaeddert, Wendell Bontrager, Shawn Penner, Brad Elliott, Roger Buller, Jeff Bloomer, Jerry Maland, Craig Anderson. Front row, left to right: John Eck, Dan Bowers, Rand
Slide 10: Board of Directors (Equity Bancshares, Inc. and Equity Bank)
Board of Directors (Equity Bancshares, Inc. and Equity Bank) Brad S. Elliott Chairman & CEO Equity Bancshares, Inc.; Equity Bank Gary C. Allerheiligen CPA/Consultant Equity Bancshares, Inc.; Equity Bank James L. Berglund Retired President & CEO, Sunflower Bank Equity Bancshares, Inc.; Equity Bank Je
Slide 11: Senior Leadership
Senior Leadership Brad S. Elliott Chairman & Chief Executive Officer Gregory H. Kossover Chief Financial Officer Wendell L. Bontrager President, Equity Bank Craig L. Anderson Chief Operating Officer Julie A. Huber Strategic Initiatives
Slide 12: Senior Leadership
Senior Leadership Craig P. Mayo Chief Credit Officer Rolando Mayans Chief Risk Officer John M. Blakeney Chief Information Officer Patrick J. Harbert Community Markets President Jennifer A. Johnson Chief Services Officer Patrick L. Salmans Human Resources Director Mark C. Parman President, Kansas Cit
Slide 13: 2018 Results
2018 Results
Slide 14: 2018 Year In Review
2018 Year In Review September 2018: Acquired City Bank and Trust Company of Guymon, Oklahoma May 2018: Completed acquisitions of First National Bank of Liberal, Kansas and Adams Dairy Bank of Blue Springs, Missouri Online Banking: Launched an all-new online banking platform in January 2019, the culm
Slide 15: Franchise Overview
Franchise Overview ownrown roreea swe sens rovten: Een sneer SENORTILAN wes “Tonto ce VERANO PARKS unre TOPEKA ets sui bowmrown WESTERN KS KANSAS CITY raceme ENT om ANDOVER bay WESTERN MO ‘SOUTHWEST KANSAS LUBERAL-UNCOLN AVE uustrasouTHenTE MALL tier OZARK MOUNTAIN ‘HARRISON NORTH GUYMON EURERA SPRI
Slide 16: Year-Ended 12/31/2018 Financial Highlights
Diluted earnings per share of $2.28 Total organic signature deposit(1) growth of $288.4 million or 9.3% Total organic loan growth of $120.5 million or 5.7% 2018 ROAA of 1.00% and ROATCE of 13.43%(2) Tangible book value per common share of $19.08 (2) Capital Ratios as of 12/31/2018: Leverage Ratio of
Slide 17: Tangible Book Value & Total Assets
Tangible Book Value(1) & Total Assets Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation.
Slide 18: Diluted EPS & Net Income
Diluted EPS & Net Income $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 Net income to Common ($000s) $15,000 $10,000 $5,000 12/31/14 32/33/15 = Net Income Allocable to Common 12/31/16 “D> Diluted EPS a/syja7 1/31/18 te Diluted EPS W/O Merger Expense ($) saa painuia
Slide 19: Return on Average Tangible Common Equity
Return on Average Tangible Common Equity(1) Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation.
Slide 20: Revenue & Net Interest Margin
Revenue(1) & Net Interest Margin Does not include gains on sales and settlement of securities or bargain purchase gains associated with acquisitions.
Slide 21: Efficiency Ratio & Noninterest Expense/Avg. Assets
Efficiency Ratio(1,2) & Noninterest Expense/Avg. Assets Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation. Does not include gains on sales and settlement of securities or bargain purchase gains associated with acquisitions.
Slide 22: Total Deposits
Total Deposits Total ($000s) $2,382,013 $3,123,447 $981,178 $1,215,913 $1,630,451 YTD Cost of Deposits* 0.43% 0.48% 0.56% 0.68% 0.96% * Includes interest and non-interest bearing deposits
Slide 23: Gross Total Loans
Gross Total Loans ($000s) $2,117,270 $2,575,408 $960,355 $1,383,605 Year-to-Date Loan Yield 5.31% 4.98% 5.43% 5.74% Total Loans by Purpose(1) For financial statement reporting, management considers other factors in addition to purpose when assessing risk and identifying reporting classes. As such, t
Slide 24: Capital
Capital * Paid off Series C preferred stock in January 2016 Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation. (1)
Slide 25: 1Q 2019 Update
1Q 2019 Update
Slide 26: New for 2019: Equity Trust & Wealth Management
Led by Gaylyn McGregor, EVP of Equity Trust & Wealth Management; Supported by Glen Maland, EVP Trust & Estate Advisor with 30 years of fiduciary experience and Michal Emory, Portfolio Manager with over 25 years of experience; Plan to begin booking assets in 2Q 2019; Main Office: 1565 Webb Road, Wich
Slide 27: 1Q 2019 Highlights
Diluted loss per share of $0.26 for 1Q 2019 Net loss to common stockholders was $4.1 million Core net income, adjusted for merger expenses and the identified specific provision discussed below is $7.7 million or $0.48 per diluted share Recorded a $14.5 million provision for loss against a credit rel
Slide 28: Operating Performance Trends
Operating Performance Trends Diluted EPS and Net Income to Common Stockholders Return on Average Tangible Common Equity(1,2) Efficiency Ratio(1,2) & Non-Interest Expense / Average Assets Income(2) and Net Interest Margin Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this
Slide 29: Questions? Closing Remarks
Questions? Closing Remarks Brad S. Elliott, Chairman and CEO Equity Bancshares, Inc.
Slide 30: Non-GAAP Reconciliations
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
Slide 31: TCE to TA and Tangible Book Value per Share
TCE to TA and Tangible Book Value per Share Non-GAAP Financial Measures (Unaudited) As of and for the years ended (Dollars in thousands, except per share data) March 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31,2015 December 31,2012 Total stockholders’ equity $,453,463
Slide 32: ROATCE and Efficiency Ratio
ROATCE and Efficiency Ratio Non-GAAP Financial Measures (Unaudited) Years Ended December 31, (Dollars in thousands, except per share data) Mar. 2018 2017 2016 2015 Total stockholders’ equity $,381,487 $,374,144 $,257,964 $,167,232 Less: preferred stock 0 0 0 16,372 Less: goodwill ,103,412 ,104,907 5
Slide 33: Equity Bancshares, Inc. Thank you
EQUITY BANCSHARES, INC. Thank you