Equity Bancshares (EQBK) investor relations material

Executive summary

• Net income for Q2 2026 was $26.4 million ($1.27–$1.28 EPS; core EPS $1.41), up from prior periods, reflecting normalized earnings post-merger and strong profitability.

• Integration of NBC and Frontier transactions is complete, shifting focus to organic growth, operational efficiency, and AI-driven process improvements.

• Franchise assets reached $7.73 billion, with loans at $5.4 billion and deposits at $6.3 billion as of June 30, 2026.

• AI and automation initiatives are underway, with significant staff adoption and efficiency gains.

Financial highlights

• Net interest income was $73.9 million; net interest margin expanded to 4.36%, up year-over-year and sequentially.

• Non-interest income (core/adjusted) was $10.3 million, up sequentially excluding a $2.2 million fund write-down; reported non-interest income was $8.1 million.

• Non-interest expense was $46.9 million, down from $55 million prior quarter; efficiency ratio improved to 53.4%.

• Tangible book value per share increased to $33.45 from $32.58.

• Dividend of $0.18 per share declared; 211,369 shares repurchased in the quarter at an average price of $45.02.

Outlook and guidance

• Net interest margin guidance for H2 2026 is 4.25%–4.35%, with optimism toward the higher end.

• Non-interest income guidance for H2 is $18–$22 million; non-interest expense guidance is $94–$98 million.

• Average deposits expected at $6.25–6.35 billion and average gross loans at $5.4–5.5 billion for H2 2026.

• Continued focus on organic growth, deepening customer relationships, and disciplined M&A activity.