Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Merger or Acquisition (September 2025)
21 slides from Equity Bancshares's merger presentation, Sep 2, 2025
Slide 1: Merger with Frontier Holdings, LLC
Exhibit 99.3 Merger with Frontier Holdings, LLC September 2, 2025
Slide 2: Transaction Highlights & Rationale
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Highlights & Rationale Equity Bancshares, Inc. (NYSE: EQBK) will acquire Frontier Holdings, LLC, the bank holding company for Frontier Bank Transaction Overview • Frontier Holdings, LLC, the bank holding company for Fronti
Slide 3: Compelling Pro Forma Financial Impact
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Compelling Pro Forma Financial Impact 1 Pro Forma Balance Sheet Highlights $7.9B $5.6B $6.3B Total Assets Total Loans Total Deposits Earnings Impact 7.7% 9.8% 2026E EPS Impact 2027E EPS Impact Tangible Book Value Impact (3.9)% 2.8 Yea
Slide 4: Transaction Overview & Assumptions
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Transaction Overview & Assumptions Equity Bancshares, Inc. (NYSE: EQBK) will acquire Frontier Holdings, LLC, the bank holding company for Frontier Bank Pricing Balance Sheet Marks (1) • Total deal value of approximately $122.8 million
Slide 5: Frontier Bank | Company Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Frontier Bank | Company Overview 1 About Frontier Financial Snapshot Frontier Holdings, LLC, the parent company of Frontier Bank, was Balance Sheet Capitol Ratios founded in 2004 to purchase and operate community banks in Nebraska. Th
Slide 6: Entry Into Attractive Nebraska Markets
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Entry Into Attractive Nebraska Markets Omaha MSA Market Highlights Lincoln MSA Market Highlights #1 #2 #1 #6 #1 #1 Best Cities Best US City Best Places for Best State Best US City Best City for to Move to for Renters Young Professiona
Slide 7: Our Combined Markets
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Our Combined Markets EQBK Market Highlights Frontier Market Highlights MERGER ALLOWS ENTRY INTO NEBRASKA MARKET Kansas AT SCALE #8 $2.5B 3.80% Market Rank Market Deposits Market Share #10 $1.0B 2.07% Oklahoma Market Rank Total Deposit
Slide 8: Investment Portfolio Repositioning
Investment Portfolio Repositioning
Slide 9: Investment Portfolio Repositioning
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Investment Portfolio Repositioning $359M • Improves balance sheet efficiency B O O K V A L U E O F $0.27 S E C U R I T I E S S O L D • Provides significant earnings benefit available-for-sale 2026E • Maintains capital strength and enh
Slide 10: Attractive Cumulative Impact
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Attractive Cumulative Impact 2026E EPS ($ per share) 2026E ROATCE +23.6% +17.0% +12.4% 15.6% $5.01 14.8% $4.74 14.1% $4.56 $4.05 11.3% Pre-Deal Pro Forma Pro Forma Pro Forma Pre-Deal Pro Forma Pro Forma Pro Forma 2026E EPS + NBC + NBC
Slide 11: Company Profile
. EQUITY Company Profile g BANCSHARES, INC.
Slide 12: Equity Bancshares, Inc. | Overview
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Equity Bancshares, Inc.| NYSE: EQBK Overview $5.4B $3.6B $4.2B $782M 1 Assets Loans Deposits Market Cap 10.63% 15.07% 16.84% WICHITA 2 TCE/TA CET 1 TRBC Headquarters $7.9B Strategic Execution Of Acquisitions NBC Oklahoma MERGER CLOSED
Slide 13: Leadership Team
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK 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 E
Slide 14: Our Value Proposition
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK 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 & Ca
Slide 15: Record of M&A Execution
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Record of M&A Execution American Community Eastman Cache City Bank & Kansasland Rockhold First Ind. Prairie State Kansas Bank Adams Dairy Almena State NBC Corp. of First National Holdings, Trust Bancshares, Bancorp. Corp. Bancshares C
Slide 16: Appendix
° E Appendix @ Bancotanes, INC.
Slide 17: Comprehensive Due Diligence
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Comprehensive Due Diligence • Thorough review of key operating areas of the bank over multiple weeks • Carried out by EQBK team members and leadership across multiple verticals, with deep acquisition and integration experience PROCESS
Slide 18: Goodwill and TBV Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Goodwill and TBV Reconciliation Goodwill Reconciliation $ in Millions At Close TBV Reconciliation $ in Millions At Close EQBK Common Equity 741.5 Total Consideration $122.8 Less: Goodwill and Intangibles 114.1 Frontier Tangible Common
Slide 19: Non-GAAP Reconciliation
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK Non-GAAP Reconciliation CALCULATION S OF TANGIBLE COMMON EQUITY AND RELATED MEASURES ($ in thousands, except per share data) Quarter Ended June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Total stockhold
Slide 20: Forward Looking Statements
Equity Bancshares, Inc. | Merger Investor Presentation NYSE: EQBK 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
Slide 21: @ EQUITY
@ EQUITY BANCSHARES, INC. investor.equitybank.com
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