Equity Bancshares (EQBK) investor relations material

Executive summary

• Net income for Q2 2026 was $26.4 million, with GAAP EPS at $1.27–$1.28 and core EPS at $1.41, 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.

• AI and automation initiatives are underway, with 15% of staff using Anthropic AI, 75% with Microsoft Copilot, and $500K in talent sourcing savings.

• Franchise assets reached $7.7 billion, with a 19.4% CAGR since 2010 and strong peer returns.

Financial highlights

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

• Non-interest income (core/adjusted) was $10.3 million, up $0.7–$0.8 million quarter-over-quarter, though reported non-interest income was $8.1 million due to a fund write-down.

• Non-interest expense was $46.8–$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; 211,000+ shares repurchased in the quarter at ~$45 per share.

Outlook and guidance

• Net interest margin guidance for H2 2026 is 4.25%–4.35%; non-interest income expected at $18–$22 million and non-interest expense at $94–$98 million.

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

• Provision for credit losses forecasted at $2–$4 million; effective tax rate anticipated at 22–23%.

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