Slide 1: Q2 2017 Results Presentation
Q2 2017 Results Presentation July 20, 2017 Exhibit 99.2
Slide 2: Disclaimers
Disclaimers Special Note Concerning 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 ref
Slide 3: Additional Information for Investors and Shareholders
Additional Information for Investors and Shareholders Important Additional Information In connection with the proposed mergers between Equity and each of Eastman National Bancshares, Inc. (“Eastman”) and Cache Holdings, Inc. (“Patriot”), Equity intends to file registration statements on Form S-4 wit
Slide 4: Equity Bancshares – About Us
Equity Bancshares – About Us Recent Price (1) 34.43 $ Median Consensus Price Target 40.00 $ Tangible Book Value Per Share 17.57 $ Price to 2017 consensus earnings (1)(2) 17.57 x Price to Tangible Book Value Per Share (1)(4) 1.96 x Q2 2017/YTD diluted earnings per share (EPS) 0.51 / $ 0.91 $ 2017 EPS
Slide 5: About EQBK
NASDAQ: EQBK 12.2 million shares outstanding / $420.3 million (1) $2.41 billion 0.98% / 11.30% Annualized Market Cap 60.7% YTD Exchange / Ticker Total Assets YTD ROAA / ROATCE (2) Efficiency Ratio (2) Locations FTEs Loan Portfolio 37 branches in Kansas, Missouri, and Arkansas Approximately 459 42% o
Slide 6: Company Profile - Pro Forma Footprint and Demographics
Company Profile - Pro Forma Footprint and Demographics Source: SNL Financial & The Nielsen Company Eastman National Bank’s branch count excludes one facility location without deposits Unemployment rate as of May 2017 Unemployment Rates(1) Kansas: 3.7% Missouri: 4.1% Arkansas: 3.3% Oklahoma: 4.6% USA
Slide 7: Second quarter highlights
Continued development of our acquisition pipeline and integration of Prairie State Bancshares, Inc. Announced upcoming mergers with Cache Holdings, Inc., parent of Tulsa-based Patriot Bank, and Eastman National Bancshares, Inc., parent of Eastman National Bank in Newkirk/Ponca City, OK Hired Scott S
Slide 8: EPS & ROATCE
EPS & ROATCE(1) Diluted EPS and Net Income to Common Return on Average Tangible Common Equity(1) Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation.
Slide 9: Revenue & Efficiency Ratio
Revenue & Efficiency Ratio(1) Efficiency Ratio(1) & NIE/Average Assets Income and Margin 85% 84% 85% 84% 15% 16% 15% 16% $48,627 $49,049 $54,626 $62,584 * Excluding net gains on securities transactions. Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation. 85%
Slide 10: Tangible Common Book Value
Tangible Common Book Value(1) Tangible Common Book Value per Share(1) and Asset Growth 2014: Repurchase 1.3MM shares. Repayment of $15.54MM of FCB TARP with a Bank stock loan. 2015: Acquisition of FFSL. IPO. TCBV CAGR 2013-2016: 24.3% 2016: Paid off SBLF. Restructured term bank stock loan into LOC.
Slide 11: Capital Position Over Time
Capital Position Over Time $17.2mm Share Repurchase (13.0% of 2013 Tier 1 Common) IPO * Paid off Series C preferred stock in January 2016
Slide 12: Capital Summary and Excess Capital Priorities
Share Buybacks Attractive Acquisitions Common Dividends Capital Summary Excess Capital Priorities Total Capital Composition ($M) as of June 30, 2017 Capital Ratios All regulatory capital ratios remain above regulatory minimums to be considered “well capitalized” Strong relationship with regulators a
Slide 13: Loan Portfolio Composition & Growth
Loan Portfolio Composition & Growth Loan Composition Loan Composition 2013 2014 2015 2016 Q2 2017 '13-'16CAGR ($ in 000s) Commercial Real Estate $,341,512 $,364,096 $,397,017 $,593,108 $,640,539 0.20200000000000001 Commercial ,139,365 ,183,100 ,262,032 ,348,465 ,360,687 0.35730000000000001 Agricultu
Slide 14: Asset Quality
Asset Quality Nonperforming Assets 1.80% 1.33% NPAs / Assets 0.89% NCOs / Average Loans $1.44 $0.85 $3.50 NCO in $ ($ in millions) Commercial Loans Outstanding by Concentrations Classified Assets to Total Regulatory Capital CRE = 49% C&I = 51% ($ in millions) Classified Assets / Equity Bank Total Re
Slide 15: Core Deposit Franchise
Core Deposit Franchise Deposit Portfolio Mix Deposit Portfolio Mix Deposit Composition 2013 2014 2015 2016 Q2 2017 '13-'16CAGR ($ in 000s) Time Deposits $,363,210 $,342,160 $,438,612 $,553,158 $,655,773 0.15049999999999999 Signature Deposits ,584,109 ,639,017 ,777,302 1,077,293 1,163,904 0.2263 Tota
Slide 16: Footprint & Targets
Footprint & Targets
Slide 17: Appendix
Appendix
Slide 18: Experienced Management Team
Experienced Management Team BRAD ELLIOTT Chairman & CEO Founded Equity Bank in 2002 Served as Regional President of Sunflower Bank prior to forming Equity Bank More than 20 years of banking experience GREG KOSSOVER Chief Financial Officer Has served as CFO since 2013 and as a Board Director since 20
Slide 19: Strategic Planning Team
Strategic Planning Team Team Member Role Years with EQBK Years in Banking Patrick Harbert EVP, Community Markets, Sales & Service 13 22 Julie Huber EVP, Strategic Initiatives 13 23 Jennifer Johnson EVP, Chief Operations Officer Chief Information Officer 5 31 Rolando Mayans EVP, Chief Risk Officer 9
Slide 20: Diverse Market Segments
Diverse Market Segments Source: SNL Financial, Market Share Data as of June 30, 2016. Employment Data as of February 28, 2017. Operating Market includes all counties in which Equity Bancshares , Eastman National Bancshares, or Cache Holdings, Inc. has deposit market share as of June 30, 2016. Divers
Slide 21: Market Data Demographics
Market Data Demographics Kansas Missouri Arkansas Oklahoma National Current Population 2,926,377 6,113,275 2,994,495 3,958,019 325,139,271 Historical Population Change (2010-2017) 2.6% 2.1% 2.7% 5.51% 5.3% Median Household Income (2017) $55,420 $50,681 $44,271 $50,428 $57,462 Projected Household Inc
Slide 22: Selected Income Statement Data
Selected Income Statement Data Delivering earnings growth Selected Income Statement Data ($000s) 2013 2014 2015 2016 YTD Q2 2017 Interest income $46,845 $46,794 $53,028 $61,799 $48,297 Interest expense 5610 5433 6766 9202 7205 Net interest income 41235 41361 46262 52597 41092 Provision for loan loss
Slide 23: Selected Balance Sheet Data
Selected Balance Sheet Data Demonstrating balance sheet strength Includes interest-bearing deposits in other banks (2) Includes Federal Reserve Bank and Federal Home Loan Bank stock Selected Balance Sheet Data ($000s) ASSETS 41639 42004 42369 42735 42916 Cash and cash equivalents (1) $24,615 $37,702
Slide 24: Capitalization
Capitalization Source: SNL Financial and company documents (1) Total common equity less goodwill and intangibles divided by shares outstanding as of period end. Non-GAAP financial measure. See the non-GAAP reconciliation at the end of this presentation. Maintaining a strong regulatory capital positi
Slide 25: Non-GAAP reconciliations overview
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 26: 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) YTD June 30, 2017 December 31, 2016 December 31,2015 December 31,2014 December 31,2013 Total stockholders’ equity $,286,058 $,257,964 $,167,
Slide 27: ROATCE and Efficiency Ratio
ROATCE and Efficiency Ratio Non-GAAP Financial Measures (Unaudited) Years Ended December 31, (Dollars in thousands, except per share data) 2015 2015 2015 2014 2013 2012 2011 Total stockholders’ equity $,167,232 $,167,232 $,167,232 $,117,729 $,139,873 $,138,169 $80,816 Less: preferred stock 16,372 16
Slide 28: Equity Bancshares, Inc.
EQUITY BANCSHARES, INC. investor.equitybank.com