Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Q3 2026 Earnings Presentation
24 slides from Equity Bancshares's earnings presentation, Oct 14, 2026
Slide 1: 3rd Quarter 2026 Financial Results
3rd Quarter 2026 Financial Results October 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 and are intended to be covered by the safe harbor provisions provided by
Slide 3: 3rd Quarter 2026 Financial Highlights
3rd Quarter 2026 | Financial Highlights $26.8M $1.29 1.43% 12.71% Net Income Earnings Per Return on Return on Diluted Share Average Assets Average Equity Key Performance Metrics Q3 2026 Q2 2026 Q1 2026 1 Earnings Per Diluted Share | Core Earnings Per Share $1.29 | $1.40 $1.27 | $1.41 $0.80 | $1.32 1
Slide 4: Equity Bancshares, Inc. M&A Overview
Equity Bancshares, Inc.| M&A Overview Overview $7.6B $5.4B $6.2B $972M Total Assets Gross Loans Total Deposits Market Capitalization1 9.10% 12.15% 14.94% $32.93 Tangible Common Equity / Common Equity Total Risk-Based Tangible Book Value Tangible Assets2 Tier 1 Capital Per Share2 Strategic Execution
Slide 5: Equity Bancshares, Inc. Leadership Team
Equity Bancshares, Inc.| Leadership Team Brad Elliott Rick Sems Chris Navratil Julie Huber Chairman & CEO Chief Executive Officer Chief Financial Officer Chief Operating Officer Equity Bancshares, Inc. Equity Bank Founded Equity Bank in 2002 and has led the organization to Equity Bank CEO since May
Slide 6: 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 shareholder Effective Balance Sheet & Capital Management value EPS & Tangible Book
Slide 7: 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 6.96% $1.30 TBVPS CAGR $32.93 $33.45 -$1.71 $0.09 $0.02 $32.93 -$0.22 $15.97 Q2 2026 Q3 2026 2015 Q3 2026 1) Non-GAAP Financial Measure. Refer to the Non-GAAP recon
Slide 8: Performance Metrics
Performance Metrics Return On Average Tangible Common Equity1 Return on Average Assets1 ROATCE - Core ROATCE - Actual ROAA - Core ROAA - Actual 17.17% 1.61% 16.10% 16.51% 1.57% 1.56% 15.56% 1.51% 1.52% 14.30% 16.59% 16.10% 14.91% 1.43% 1.45% 1.43% 10.77% 0.92% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Slide 9: Net Income
Net Income Net Interest Income Non-Interest Income Non-Interest Expense Net interest income was $72.8 million, down from $73.9 million Total non-interest income was $10.9 million, up $2.8 Total non-interest expense was $48.1 million, compared in the prior quarter. A rising cost of funds and a lower
Slide 10: Profitability
Profitability Revenue Composition1 Profitability Ratios1 Net Interest Income Noninterest Income Net Interest Margin (%) Noninterest Income / Operating Revenue $9,595 $9,271 $10,894 $73,664 $73,872 12.43% 12.87% 13.01% $72,841 11.52% 11.15% $9,378 $8,873 $63,502 $62,485 Q3 2025 Q4 2025 Q1 2026 Q2 202
Slide 11: Net Interest Margin
Net Interest Margin Cost Analysis Yield Analysis1 Cost of Deposits Cost of IB Deposits Loan Coupon Securities Yield Total EA Yield 6.79% 6.62% 6.45% 6.45% 6.40% 2.58% 6.48% 2.51% 2.53% 6.39% 6.35% 6.36% 6.29% 2.43% 2.46% 5.21% 4.92% 4.99% 4.92% 2.05% 1.98% 2.00% 1.98% 4.21% 1.88% Q3 2025 Q4 2025 Q1
Slide 12: Balance Sheet
Balance Sheet Deposit Composition Loan Composition 19% 18% 22% Commercial & Noninterest- 55% Industrial bearing Interest- bearing Commercial Real-estate 4% Time < 100K $6.2B $5.4B Total Deposits Total Loans 13% Res. RE 22% 28% Money Time > 100K Market 8% Ag. RE 4% 2% 5% Savings Ag. Consumer Performa
Slide 13: Asset Quality Trends
Asset Quality Trends Nonperforming Assets Nonaccruals Nonaccruals - NBC Oklahoma Nonaccruals - Frontier OREO & Other Repo. Assets NPAs / Assets $4.0 $2.9 $69.0 $3.0 $60.5 $1.2 $36.4 $7.9 $7.0 $3.8 $3.8 $44.6 $40.3 $41.6 $40.3 $1.2 $7.5 $29.4 $0.6 $25.0 $27.1 1.28% Millions $17.6 0.99% 0.83% 0.76% 0.
Slide 14: Asset Quality Trends
Asset Quality Trends Classified Assets Classified Assets / Regulatory Capital 25.34% 12.00% 12.06% 12.37% 12.06% 12.00% 11.82% 9.98% 10.42% 7.09% 2021 2022 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Annual Quarterly Total Reserve Ratio Purchase Discount Allowance for Credit Losses 1.70%
Slide 15: Capital Management
Capital Management EQBK M i n i m u m R e q u i re d Capital Priorities Maintain well capitalized regulatory levels 14.94% Capacity for organic growth 12.56% 12.15% 10.50% Dividend payout ratio targeted at 10-20% 8.50% 10.18% 9.10% 7.00% Mergers & acquisitions 4.00% Common stock repurchases 2.00% TC
Slide 16: Deploying Technology & AI
Deploying Technology & AI AI GOVERNANCE Centralized oversight of how AI Reviews new use cases; Approves all AI output; a human Captures efficiency gains with ✓ ✓ ✓ ✓ COMMITTEE is built, deployed & used validates models & vendors in the loop at every step full risk & regulatory discipline AI-LICENSED
Slide 17: Outlook on Key Business Drivers
Outlook on Key Business Drivers 3RD Quarter 2026 Forward Looking Results Q4 2026 Avg. $6,104M $6,175 – 6,275M Deposits Avg. $5,394M $5,475 – 5,575M Gross Loans Avg. $6,873M $6,850 – 6,950M Earning Assets Net Interest 4.20% 4.25 – 4.35% Margin Provision For $1.7M $1-3M Credit Losses Core Non-interest
Slide 18: Focus Variables for Outlook & Forecast
Focus Variables for Outlook & Forecast Economic Environment Customer Needs Cost of Funding Business activity creates Directly related to credit quality as Impacts rates on our product opportunity for lending and deposit well as trust in our business. offerings and applies pressure to growth. earning
Slide 19: Our Markets
Our Markets Market Share Market Footprint1 Kansas #6 $2.5B 3.93% Market Rank Market Deposits Market Share Oklahoma Iowa #10 $1.3B 1.53% Market Rank Market Deposits Market Share Nebraska Missouri #8 $1.0B 1.50% Market Rank Market Deposits Market Share Kansas Nebraska #9 $1.1B 2.12% Market Rank Market
Slide 20: Non-GAAP Reconciliations
Non -GAAP @ EQUITY Reconciliations BANCSHARES, INC.
Slide 21: Non-GAAP reconciliations
Non-GAAP reconciliations Cal cula t io n s o f tangi ble co mm on e quity a nd rel ate d m ea sure s ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Total stockholder's equity $815,954 $827,258 $817,610 $732,0
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations Cal cula t io n s o f ret urn o n ave rage t angi ble c om m o n equity and e ffic ie nc y ratio ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Total average stockholders' equity $835
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations Cal cula t io n s o f ret urn o n ave rage a sse ts, average equi ty and o pera ting inco me ($ in thousands, except per share data) Quarter Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Net income (loss) allocable to common stock
Slide 24: investor.equitybank.com
EQUITY BANCSHARES, INC. investor.equitybank.com