# EDGAR Filing Document

**Accession Number:** 0001227500
**File Stem:** 0000950170-25-095610
**Filing Date:** 2025-7
**Character Count:** 101258
**Document Hash:** 66ffd6a6e08c0fe04a400594a0765981
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-095610.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0000950170-25-095610

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 37

**CONFORMED PERIOD OF REPORT**: 20250714

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EQUITY BANCSHARES INC
- **CENTRAL INDEX KEY:** 0001227500
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37624
- **FILM NUMBER:** 251122181

**BUSINESS ADDRESS:**
- **STREET 1:** 7701 E. KELLOGG DRIVE, SUITE 300
- **CITY:** WICHITA
- **STATE:** KS
- **ZIP:** 67207
- **BUSINESS PHONE:** 316-612-6000

**MAIL ADDRESS:**
- **STREET 1:** 7701 E. KELLOGG DRIVE, SUITE 300
- **CITY:** WICHITA
- **STATE:** KS
- **ZIP:** 67207

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM** 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 14, 2025

EQUITY BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| Kansas | 001-37624 | 72-1532188 |
| (State or other jurisdiction of<br>incorporation or organization) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |
| 7701 East Kellogg Drive**,** Suite 300<br>Wichita**,** KS |  | <br>67207 |
| (Address of principal executive offices) |  | (Zip Code) |

---

Registrant's telephone number, including area code: 316**.**612.6000

Former name or former address, if changed since last report: **Not Applicable**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of each class**<br>Class A, Common Stock, par value $0.01 per share | &nbsp;&nbsp;**Trading Symbol**<br>EQBK | &nbsp;&nbsp;**Name of each exchange on which registered**<br>New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

------

**Item 2.02 Results of Operations and Financial Condition.**

On July 14, 2025, Equity Bancshares, Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 and is incorporated by reference herein.

The information in this Item 2.02, including Exhibit 99.1, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.

**Item 7.01 Regulation FD Disclosure.**

The Company intends to hold an investor call and webcast to discuss its financial results for the second quarter ended June 30, 2025, on Tuesday, July 15, 2025, at 9:00 a.m. Central Time. The Company's presentation to analysts and investors contains additional information about the Company's financial results for the second quarter ended June 30, 2025, and is furnished as Exhibit 99.2 and is incorporated by reference herein.

The information in this Item 7.01, including Exhibit 99.2, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| &nbsp;&nbsp;Exhibit No. | &nbsp;&nbsp;Description |
| &nbsp;&nbsp;99.1 | &nbsp;&nbsp;[<u>Earnings Press Release, Dated July 14, 2025</u>](eqbk-ex99_1.htm) |
| &nbsp;&nbsp;99.2 | &nbsp;&nbsp;[<u>Investor Presentation</u>](eqbk-ex99_2.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
|  | **Equity Bancshares, Inc.** |
| Date: July 14, 2025 | By: /s/ Chris M. Navratil |
|  | Chris M. Navratil |
|  | Executive Vice President and Chief Financial Officer |

---

------

## Exhibit 99.1

**Equity Bancshares, Inc.** Exhibit 99.1

PRESS RELEASE

**Equity Bancshares, Inc. Second Quarter Results Highlighted by Net Interest Margin Expansion**

*Company Completed Acquisition of NBC Oklahoma, Adding Seven Locations*

WICHITA, Kansas, July 14, 2025 (BUSINESSWIRE) – Equity Bancshares, Inc. (NYSE: EQBK), ("Equity", "the Company," "we," "us," "our"), the Wichita-based holding company of Equity Bank, reported net income of $15.3 million or $0.86 earnings per diluted share for the quarter ended June 30, 2025. Adjusting for expenses associated with our merger with NBC and the extinguishment of debt totaling $1.7 million, earnings were $0.94 per diluted share.

"Our Company continued the momentum generated in the first quarter, while actively working toward the approval and closure of our merger with NBC," said Brad S. Elliott, Chairman and CEO of Equity. "Our results reflect the extraordinary efforts of our team while positioning the Company for continued strong performance over the remainder of 2025."

"As we enter the second half of the year, we continue to be well positioned to drive growth both organically and via strategic M&A," Mr. Elliott continued. "Our teams are motivated and realizing the benefits of their committed efforts to our current and proforma markets and look to continue to drive our organization forward through the remainder of 2025 and beyond."

Notable Items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•For the second quarter 2025, net interest margin for the quarter was 4.17%. Excluding non-recurring items from the previous quarter, this compares to 4.08%, an expansion of 9 basis points. Expansion was driven by increasing contribution of loans to average earning assets and continued positive re-pricing in the portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company realized book value per share expansion of $1.04 per share, or 3.0%. Tangible book value per share improved $1.10 per share, or 3.5%. Tangible common equity to tangible assets expanded 50 basis point during the quarter closing the period at 10.6%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Loan balances closed the period at $3.60 billion, while average loan balances for the quarter were $3.63 billion, an expansion of $55.8 million or 6.2% annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Deposit balances, excluding brokered, decreased $43.4 million driven by seasonal outflows on municipality and commercial relationships. Brokered deposits declined $127.1 million to $138.0 million, or 3.26% of total deposits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•During the quarter realized net charge-offs were $573 thousand for the quarter ended, or 0.06% annualized. Year to date net charge-offs were $738 thousand, or 0.04% annualized. Reserves closed the quarter at 1.26% of outstanding balances, materially consistent quarter over quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company announced a $0.15 dividend on outstanding common shares as of June 30, 2025. Our repurchase program remains active, with 7,500 shares purchased during the quarter at a weighted average cost of $36.46.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•During the quarter we received final approvals for our merger with NBC Corp. of Oklahoma. The transaction officially closed on July 2, 2025, adding approximately $695.1 million in loans, $800.5 million in deposits, and new markets to the Equity Bank footprint, including Oklahoma City.

------

**Equity Bancshares, Inc.**

PRESS RELEASE

**<u>Financial Results for the Quarter Ended June 30, 2025</u>**

Net income allocable to common stockholders was $15.3 million, or $0.86 per diluted share as compared to $15.0 million, or $0.85 per diluted share in the prior quarter. The drivers of the periodic change are discussed in detail in the following sections. Excluding merger expenses and the cost to extinguish debt, totaling $1.7 million, net income was $16.7 million, or $0.94 per diluted share.

**Net Interest Income**

Net interest income was $49.8 million for the period, as compared to $50.3 million for the previous quarter. Adjusting the stated number for non-recurring nonaccrual reversals and excess prepayment fee realization of $2.3 million in the previous quarter, net interest income increased by $1.8 million. The improvement in earnings was driven by increased volume and coupon rates within the loan portfolio coupled with an additional day in the period.

Average interest bearing liabilities as a percentage of average interest earning assets declined to 75.5%, while total average interest earning assets increased $19.7 million as compared to the previous quarter. Coupon yield on interest earning assets increased by 7 basis points while the cost of interest bearing liabilities decreased by 1 basis points during the period. In the previous quarter the non-recurring items added 20 basis points to margin. Excluding these items margin expanded 10 basis points in the quarter from 4.07% to 4.17%.

**Provision for Credit Losses**

During the quarter, there was a provision of $19 thousand compared to $2.7 million in the previous quarter, while the bank realized net charge-offs of $573 thousand as compared to $165 thousand in the previous quarter. The comparatively lower provision was driven by a decline in ending loan balances during the period offset by charge-offs and the lack of meaningful change in the economic outlook. At the close of the quarter, the ratio of allowance for credit losses to gross loans held for investment was 1.26%, unchanged from the previous quarter.

The Company continues to estimate the allowance for credit loss with assumptions that anticipate slower prepayment rates and continued market disruption caused by trade policy, elevated inflation, supply chain issues and the impact of monetary policy on consumers and businesses.

**Non-Interest Income**

Total non-interest income was $8.6 million for the quarter, as compared to $10.3 million linked quarter. The previous quarter includes a $2.2 million death benefit on a bank owned life insurance policy. Excluding this periodic change, non-interest income was up $459 thousand in the quarter attributable to improving trends in service revenues including treasury, debit card, credit card, mortgage and trust and wealth management..

**Non-Interest Expense**

Total non-interest expense for the quarter was $40.0 million as compared to $39.1 million for the previous quarter. The comparative increase during the period was driven by expenses associated with our merger with NBC and the costs to extinguish our subordinated debt. Excluding these items, non-interest expense decreased $699 thousand during the quarter, or 1.8%

**Income Tax Expense**

At June 30, 2025, the effective tax rate for the quarter was 16.9% as compared to a rate of 20.2% for the quarter ended March 31, 2025.

------

**Equity Bancshares, Inc.**

PRESS RELEASE

The decrease in the quarter over quarter tax rate was the result of the receipt of interest income included in income tax expense in the current quarter related to federal carryback claims filed by the Company in addition to tax benefits related to an investment in a new tax credit structure in the current quarter which were partially offset by non-recurring benefits recognized in the prior quarter related to stock compensation.

**Loans, Total Assets and Funding**

Loans held for investment were $3.6 billion at period end, decreasing $30.9 million during the quarter. Total assets were $5.4 billion, decreasing $72 million during the quarter.

Excluding brokered deposit balances, total deposits were down $43.4 million during the quarter. Including brokered balances, total deposits were $4.2 billion as of the end of the period, decreasing $170.4 million from the previous quarter end. Of the total deposit balance, non-interest-bearing accounts comprise approximately 21.6%. Total Federal Home Loan Bank borrowings were $383.7 million as of the end of the quarter, up $146.9 million from previous quarter end. The increase in borrowings offsets the decline in brokered funding. Wholesale balances in total declined $127.1 million during the period.

**<u>Asset Quality</u>**

Nonperforming assets were $45.7 million, or 0.9% of total assets, compared to $27.9 million as of the end of the previous quarter, or 0.5% of total assets. Non-accrual loans were $42.6 million, as compared to $24.2 million at the end of the previous quarter. Total classified assets, including loans rated special mention or worse, other real estate owned, excluding previous branch locations, and other repossessed assets were $71.0 million, or 11.4% of regulatory capital, up from $63.9 million, or 10.2% of regulatory capital as of the end of the previous quarter.

**<u>Capital</u>**

Quarter over quarter, book capital increased $18.3 million to $635.6 million. Tangible book value and Tangible book value per share closed the quarter at $563.8 million and $32.17, up from $31.07 for the previous quarter. The increase in capital is primarily due to earnings and an improvement in the unrealized loss position on our bond portfolio as accumulated other comprehensive income improved $15.3 million.

The Company's ratio of common equity tier 1 capital to risk-weighted assets was 15.0%, the total capital to risk-weighted assets was 16.8% and the total leverage ratio was 12.1% at June 30, 2025. At March 31, 2025, the Company's common equity tier 1 capital to risk-weighted assets ratio was 14.7%, the total capital to risk-weighted assets ratio was 18.3% and the total leverage ratio was 11.8%.

Equity Bank's ratio of common equity tier 1 capital to risk-weighted assets was 14.4%, total capital to risk-weighted assets was 15.6% and the total leverage ratio was 11.1% at June 30, 2025. At March 31, 2025, Equity Bank's ratio of common equity tier 1 capital to risk-weighted assets was 14.4%, the ratio of total capital to risk-weighted assets was 15.6% and the total leverage ratio was 11.1%.

**<u>Non-GAAP Financial Measures</u>**

In addition to evaluating the Company's results of operations in accordance with accounting principles generally accepted in the United States of America ("GAAP"), management periodically supplements this evaluation with an analysis of certain non-GAAP financial measures that are intended to provide the reader with additional perspectives on operating results, financial condition and performance trends, while facilitating comparisons with the performance of other financial institutions. Non-GAAP financial measures are not a substitute for GAAP measures, rather, they should be read and used in conjunction with the Company's GAAP financial information.

------

**Equity Bancshares, Inc.**

PRESS RELEASE

The efficiency ratio is a common comparable metric used by banks to understand the expense structure relative to total revenue. In other words, for every dollar of total revenue recognized, how much of that dollar is expended. To improve the comparability of the ratio to our peers, non-core items are excluded. To improve transparency and acknowledging that banks are not consistent in their definition of the efficiency ratio, we include our calculation of this non-GAAP measure.

Core income calculations are a non-GAAP measure that management believes is an effective alternative measure of how efficiently the company utilizes its asset base. Core income is calculated by adjusting GAAP income by non-core gains and losses and excluding non-core expenses, net of tax, as outlined in the table below. We calculate (a) core net income (loss) allocable to common stockholders plus merger expenses, tax effected non-core items, goodwill impairment and BOLI tax adjustment, less gain (loss) from securities transactions; (b) adjusted operating net income as net income (loss) allocable to common stockholders plus adjusted non-core items, tax effected non-core items and BOLI tax adjustments

Core return on average assets before income tax provision and provision for loan losses is a measure that the Company uses to understand fundamental operating performance before these expenses. Used as a ratio relative to average assets, we believe it demonstrates "core" performance and can be viewed as an alternative measure of how efficiently the Company services its asset base. Used as a ratio relative to average equity, it can function as an alternative measure of the Company's earnings performance in relationship to its equity.

Core return on average equity is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate by taking core net income allocable to common stockholders divided by a simple average of net income and core net income plus average stockholders' equity. For return on average equity, the most directly comparable financial measure calculated in accordance with GAAP is return on average equity.

Core earnings per share is a non-GAAP financial measures we calculate by taking GAAP net income less non-core impacts to net income to arrive at core net income and core diluted earnings per share. This financial measure is used by financial statement users to evaluate the core financial performance of the Company

Tangible common equity and related measures are non-GAAP financial measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These financial measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Return on average tangible common equity is used by management and readers of our financial statements to understand how efficiently the Company is deploying its common equity. Companies that are able to demonstrate more efficient use of common equity are more likely to be viewed favorably by current and prospective investors.

The Company believes that disclosing these non-GAAP financial measures is both useful internally and is expected by our investors and analysts in order to understand the overall performance of the Company. Other companies may calculate and define their non-GAAP financial measures and supplemental data differently. A reconciliation of GAAP financial measures to non-GAAP measures and other performance ratios, as adjusted, are included in Table 6 in the following press release tables.

**<u>Conference Call and Webcast</u>**

Equity's Chairman and Chief Executive Officer, Brad Elliott, and Chief Financial Officer, Chris Navratil, will hold a conference call and webcast to discuss second quarter results on Tuesday, July 15, 2025, at 10 a.m. eastern time or 9 a.m. central time.

Those wishing to participate in the conference call should call the applicable number below and reference the Access Code below.

United States (Local): +1 404 975 4839

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**Equity Bancshares, Inc.**

PRESS RELEASE

United States (Toll-Free): +1 833 470 1428

Global Dial-In Numbers

Access Code: 107245

To eliminate wait times, conference call participants may pre-register using this registration link. After registering, a confirmation with access details will be sent via email.

A replay of the call and webcast will be available two hours following the close of the call until July 22, 2025, accessible at investor.equitybank.com. Webcast URL: https://events.q4inc.com/attendee/633039320

**<u>About Equity Bancshares, Inc.</u>**

Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth management services and treasury management services, while delivering the high-quality, relationship-based customer service of a community bank. Equity's common stock is traded on the New York Stock Exchange. under the symbol "EQBK." Learn more at www.equitybank.com.

**<u>Special Note Concerning Forward-Looking Statements</u>** 

This press release 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 reflect the current views of Equity's management with respect to, among other things, future events and Equity's financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "positioned," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity's control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity's expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; the possibility that the expected benefits related to the proposed transaction with NBC Corp. of Oklahoma ("NBC") may not materialize as expected; the proposed transaction not being timely completed, if completed at all; prior to the completion of the proposed transaction, the business of NBC experiencing disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; the ability to obtain regulatory approval of the NBC transactions; and the ability to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; and similar variables. The foregoing list of factors is not exhaustive.

For discussion of these and other risks that may cause actual results to differ from expectations, please refer to "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Equity's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025, and any updates to those risk factors set forth in Equity's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity's underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity

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**Equity Bancshares, Inc.**

PRESS RELEASE

does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equity's behalf may issue.

**<u>Investor Contact:</u>**

Brian J. Katzfey

VP, Director of Corporate Development and Investor Relations

Equity Bancshares, Inc.

(316) 858-3128

bkatzfey@equitybank.com

**<u>Media Contact:</u>**

Russell Colburn

Public Relations and Communication Manager

Equity Bancshares, Inc.

(913) 583-8011

rcolburn@equitybank.com

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**Equity Bancshares, Inc.**

PRESS RELEASE

**<u>Unaudited Financial Tables</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 1**. Consolidated Statements of Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 2**. Quarterly Consolidated Statements of Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 3**. Consolidated Balance Sheets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 4**. Selected Financial Highlights

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 5**. Year-To-Date Net Interest Income Analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 6**. Quarter-To-Date Net Interest Income Analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 7**. Quarter-Over-Quarter Net Interest Income Analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Table 8**. Non-GAAP Financial Measures

------

**Equity Bancshares, Inc.**

PRESS RELEASE

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| | | | | |
|:---|:---|:---|:---|:---|
| **TABLE 1. CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 1. CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 1. CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 1. CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 1. CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) |
| (Dollars in thousands, except per share data) |  |  |  |  |
|  | **Three Months Ended<br>June 30,** | **Three Months Ended<br>June 30,** | **Six Months ended<br>June 30,** | **Six Months ended<br>June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Interest and dividend income |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $62868 | $61518 | $125865 | $120347 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities, taxable | 8821 | 10176 | 17935 | 20053 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities, nontaxable | 358 | 401 | 735 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold and other | 2140 | 3037 | 4336 | 5707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 74187 | 75132 | 148871 | 146899 |
| Interest expense |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 20090 | 22662 | 39467 | 45517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds purchased and retail repurchase agreements | 219 | 306 | 467 | 632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 2224 | 3789 | 5140 | 4933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve Bank borrowings |  |  |  | 1361 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 1852 | 1899 | 3703 | 3798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 24385 | 28656 | 48777 | 56241 |
| **Net interest income** | 49802 | 46476 | 100094 | 90658 |
| Provision (reversal) for credit losses | 19 | 265 | 2741 | 1265 |
| **Net interest income after provision (reversal) for credit losses** | 49783 | 46211 | 97353 | 89393 |
| Non-interest income |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges and fees | 2177 | 2541 | 4241 | 5110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debit card income | 3052 | 2621 | 5556 | 5068 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking | 212 | 245 | 318 | 433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase in value of bank-owned life insurance | 1321 | 911 | 4914 | 1739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain on acquisition and branch sales |  | 60 |  | 1300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) from securities transactions | 12 | (27) | 24 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 1815 | 2607 | 3866 | 7023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-interest income** | 8589 | 8958 | 18919 | 20689 |
| Non-interest expense |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 19735 | 17827 | 39689 | 35924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net occupancy and equipment | 3482 | 3787 | 7157 | 7322 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 5055 | 5036 | 10141 | 9864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 1361 | 1778 | 2888 | 3170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advertising and business development | 1208 | 1291 | 2552 | 2529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telecommunications | 588 | 572 | 1175 | 1227 |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC insurance | 464 | 590 | 1094 | 1161 |
| &nbsp;&nbsp;&nbsp;&nbsp;Courier and postage | 834 | 620 | 1633 | 1226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Free nationwide ATM cost | 547 | 531 | 1060 | 1025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of core deposit intangibles | 1016 | 1218 | 2061 | 2117 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan expense | 281 | 195 | 410 | 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned and repossessed assets, net | 103 | 50 | 204 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on debt extinguishment | 1361 |  | 1361 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger expenses | 355 | 2287 | 421 | 3843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 3611 | 3089 | 7205 | 6302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-interest expense** | 40001 | 38871 | 79051 | 76023 |
| Income (loss) before income tax | 18371 | 16298 | 37221 | 34059 |
| Provision for income taxes (benefit) | 3107 | 4582 | 6916 | 8275 |
| **Net income (loss) and net income (loss) allocable to common stockholders** | $15264 | $11716 | $30305 | $25784 |
| Basic earnings (loss) per share | $0.87 | $0.77 | $1.73 | $1.68 |

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**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | |
|:---|:---|:---|:---|:---|
| Diluted earnings (loss) per share | $0.86 | $0.76 | $1.72 | $1.67 |
| Weighted average common shares | 17524296 | 15248703 | 17503735 | 15337206 |
| Weighted average diluted common shares | 17651298 | 15377980 | 17654211 | 15473386 |

---

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**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) | **TABLE 2. QUARTERLY CONSOLIDATED STATEMENTS OF INCOME** (Unaudited) |
| (Dollars in thousands, except per share data) |  |  |  |  |  |
|  | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** |
|  | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** | **June 30,<br>2024** |
| Interest and dividend income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $62868 | $62997 | $63379 | $62089 | $61518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities, taxable | 8821 | 9114 | 9229 | 9809 | 10176 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities, nontaxable | 358 | 377 | 387 | 400 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold and other | 2140 | 2196 | 1984 | 2667 | 3037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 74187 | 74684 | 74979 | 74965 | 75132 |
| Interest expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 20090 | 19377 | 21213 | 23679 | 22662 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds purchased and retail repurchase agreements | 219 | 248 | 258 | 261 | 306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 2224 | 2916 | 2158 | 3089 | 3789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 1852 | 1851 | 1877 | 1905 | 1899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 24385 | 24392 | 25506 | 28934 | 28656 |
| **Net interest income** | 49802 | 50292 | 49473 | 46031 | 46476 |
| Provision (reversal) for credit losses | 19 | 2722 | 98 | 1183 | 265 |
| **Net interest income after provision (reversal) for credit losses** | 49783 | 47570 | 49375 | 44848 | 46211 |
| Non-interest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges and fees | 2177 | 2064 | 2296 | 2424 | 2541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debit card income | 3052 | 2504 | 2513 | 2665 | 2621 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking | 212 | 106 | 141 | 287 | 245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase in value of bank-owned life insurance | 1321 | 3593 | 1883 | 1344 | 911 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain on acquisition and branch sales |  |  |  | 831 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) from securities transactions | 12 | 12 | (2) | 206 | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 1815 | 2051 | 1985 | 1560 | 2607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-interest income** | 8589 | 10330 | 8816 | 9317 | 8958 |
| Non-interest expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 19735 | 19954 | 18368 | 18494 | 17827 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net occupancy and equipment | 3482 | 3675 | 3571 | 3478 | 3787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 5055 | 5086 | 4988 | 5152 | 5036 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 1361 | 1527 | 1846 | 1487 | 1778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advertising and business development | 1208 | 1344 | 1469 | 1368 | 1291 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telecommunications | 588 | 587 | 614 | 660 | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC insurance | 464 | 630 | 662 | 660 | 590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Courier and postage | 834 | 799 | 687 | 686 | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Free nationwide ATM cost | 547 | 513 | 558 | 544 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of core deposit intangibles | 1016 | 1045 | 1060 | 1112 | 1218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan expense | 281 | 129 | 154 | 143 | 195 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned and repossessed assets, net | 103 | 101 | 133 | (7667) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on debt extinguishment | 1361 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger expenses | 355 | 66 |  | 618 | 2287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 3611 | 3594 | 3696 | 3593 | 3089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-interest expense** | 40001 | 39050 | 37806 | 30328 | 38871 |
| Income (loss) before income tax | 18371 | 18850 | 20385 | 23837 | 16298 |
| Provision for income taxes (benefit) | 3107 | 3809 | 3399 | 3986 | 4582 |
| **Net income (loss) and net income (loss) allocable to common stockholders** | $15264 | $15041 | $16986 | $19851 | $11716 |
| Basic earnings (loss) per share | $0.87 | $0.86 | $1.06 | $1.30 | $0.77 |

---

------

**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Diluted earnings (loss) per share | $0.86 | $0.85 | $1.04 | $1.28 | $0.76 |
| Weighted average common shares | 17524296 | 17490062 | 16020938 | 15258822 | 15248703 |
| Weighted average diluted common shares | 17651298 | 17666834 | 16262965 | 15451545 | 15377980 |

---

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**Equity Bancshares, Inc.**

PRESS RELEASE

**TABLE 3. CONSOLIDATED BALANCE SHEETS** (Unaudited)

(Dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **June 30,<br> 2025** | **March 31,<br> 2025** | **December 31,<br> 2024** | **September 30,<br> 2024** | **June 30,<br> 2024** |
| **ASSETS** |  |  |  |  |  |
| Cash and due from banks | $365957 | $431131 | $383503 | $217681 | $244321 |
| Federal funds sold | 247 | 251 | 244 | 17802 | 15945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 366204 | 431382 | 383747 | 235483 | 260266 |
| Available-for-sale securities | 973402 | 950453 | 1004455 | 1041000 | 1042176 |
| Held-to-maturity securities | 5236 | 5226 | 5217 | 5408 | 5226 |
| Loans held for sale | 217 | 338 | 513 | 901 | 1959 |
| Loans, net of allowance for credit losses<sup>(1)</sup> | 3555458 | 3585804 | 3457549 | 3557435 | 3410920 |
| Other real estate owned, net | 4621 | 4464 | 4773 | 2786 | 2989 |
| Premises and equipment, net | 117533 | 117041 | 117132 | 117013 | 114264 |
| Bank-owned life insurance | 133638 | 132317 | 133032 | 131670 | 130326 |
| Federal Reserve Bank and Federal Home Loan Bank stock | 34835 | 31960 | 27875 | 34429 | 33171 |
| Interest receivable | 26243 | 26791 | 28913 | 28398 | 27381 |
| Goodwill | 53101 | 53101 | 53101 | 53101 | 53101 |
| Core deposit intangibles, net | 12908 | 13924 | 14969 | 16029 | 16636 |
| Other | 90441 | 93299 | 100771 | 131580 | 147102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $5373837 | $5446100 | $5332047 | $5355233 | $5245517 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand | $912898 | $949791 | $954065 | $967858 | $984872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest-bearing deposits | 912898 | 949791 | 954065 | 967858 | 984872 |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand, savings and money market | 2494285 | 2614110 | 2684197 | 2468956 | 2560091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time | 827735 | 841463 | 736527 | 926130 | 796474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3322020 | 3455573 | 3420724 | 3395086 | 3356565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 4234918 | 4405364 | 4374789 | 4362944 | 4341437 |
| Federal funds purchased and retail repurchase agreements | 36420 | 36772 | 37246 | 38196 | 38031 |
| Federal Home Loan Bank advances and Federal Reserve Bank borrowings | 383676 | 236734 | 178073 | 295997 | 250306 |
| Subordinated debt | 24125 | 97620 | 97477 | 97336 | 97196 |
| Contractual obligations | 17289 | 9398 | 12067 | 19683 | 23770 |
| Interest payable and other liabilities | 41773 | 42888 | 39477 | 37039 | 33342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 4738201 | 4828776 | 4739129 | 4851195 | 4784082 |
| Commitments and contingent liabilities |  |  |  |  |  |
| Stockholders' equity |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock | 231 | 231 | 230 | 209 | 208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 587547 | 586251 | 584424 | 494763 | 491709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 219876 | 207282 | 194920 | 180588 | 163068 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss), net of tax | (40269) | (44965) | (55181) | (40012) | (62005) |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | (131749) | (131475) | (131475) | (131510) | (131545) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 635636 | 617324 | 592918 | 504038 | 461435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $5373837 | $5446100 | $5332047 | $5355233 | $5245517 |
| <sup>(1)</sup> Allowance for credit losses | $45270 | $45824 | $43267 | $43490 | $43487 |

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**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) | **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) | **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) | **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) | **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) | **TABLE 4. SELECTED FINANCIAL HIGHLIGHTS** (Unaudited) |
| (Dollars in thousands, except per share data) |  |  |  |  |  |
|  | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
|  | **2025** | **2025** | **2024** | **2024** | **2024** |
| **Loans Held For Investment by Type** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $1854294 | $1863200 | $1830514 | $1916863 | $1793544 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 753339 | 762906 | 658865 | 670665 | 663718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 565755 | 563954 | 566766 | 567063 | 572523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 226125 | 260683 | 267248 | 259587 | 219226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural | 94981 | 94199 | 87339 | 89529 | 104342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 106234 | 86686 | 90084 | 97218 | 101054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans held-for-investment | 3600728 | 3631628 | 3500816 | 3600925 | 3454407 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (45270) | (45824) | (43267) | (43490) | (43487) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans held for investment | $3555458 | $3585804 | $3457549 | $3557435 | $3410920 |
| **Asset Quality Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses on loans to total loans | 1.26% | 1.26% | 1.24% | 1.21% | 1.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due or nonaccrual loans to total loans | 1.65% | 1.17% | 1.14% | 1.17% | 1.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets to total assets | 0.85% | 0.51% | 0.65% | 0.60% | 0.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets to total loans plus other<br>&nbsp;&nbsp;&nbsp;&nbsp;real estate owned | 1.27% | 0.77% | 0.99% | 0.90% | 0.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;Classified assets to bank total regulatory capital | 11.39% | 10.24% | 12.00% | 8.32% | 8.47% |
| **Selected Average Balance Sheet Data (QTD Average)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | $961869 | $993836 | $1012698 | $1055833 | $1065979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total gross loans receivable | 3630981 | 3575230 | 3525765 | 3475885 | 3459476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-earning assets | 4791664 | 4771972 | 4716295 | 4731927 | 4745713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | 5206950 | 5212417 | 5163166 | 5205017 | 5196259 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 3264599 | 3221130 | 3280592 | 3309202 | 3275765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 350747 | 418138 | 340042 | 395190 | 450178 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 3615346 | 3639268 | 3620634 | 3704392 | 3725943 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 4183473 | 4143151 | 4243159 | 4275424 | 4250843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 4579847 | 4606500 | 4629939 | 4719549 | 4740937 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 627103 | 605917 | 533227 | 485468 | 455322 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity<sup>\*</sup> | 554697 | 533528 | 463657 | 414644 | 383899 |
| **Performance ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average assets (ROAA) annualized | 1.18% | 1.17% | 1.31% | 1.52% | 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average equity (ROAE) annualized | 9.76% | 10.07% | 12.67% | 16.27% | 10.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average tangible common equity<br> (ROATCE) annualized<sup>\*</sup> | 11.69% | 12.12% | 15.30% | 19.92% | 13.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Core return on average tangible common equity\* | 12.64% | 12.14% | 15.29% | 19.58% | 16.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;Yield on loans annualized | 6.94% | 7.15% | 7.15% | 7.11% | 7.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of interest-bearing deposits annualized | 2.47% | 2.44% | 2.57% | 2.85% | 2.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of total deposits annualized | 1.93% | 1.90% | 1.99% | 2.20% | 2.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin annualized | 4.17% | 4.27% | 4.17% | 3.87% | 3.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio<sup>\*</sup> | 63.62% | 62.43% | 63.02% | 52.59% | 63.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest income / average assets | 0.66% | 0.80% | 0.68% | 0.71% | 0.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest expense / average assets | 3.08% | 3.04% | 2.91% | 2.32% | 3.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend payout ratio | 17.49% | 17.81% | 15.62% | 11.74% | 15.79% |
| **Performance ratios - Core** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Core earnings per diluted share<sup>\*</sup> | $0.99 | $0.90 | $1.10 | $1.32 | $1.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Core return on average assets\* | 1.35% | 1.24% | 1.37% | 1.56% | 1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Core return on average equity\* | 11.18% | 10.69% | 13.29% | 16.73% | 14.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Core non-interest expense / average assets\* | 2.86% | 2.94% | 2.83% | 2.18% | 2.73% |

---

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**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Capital Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Leverage Ratio | 12.07% | 11.76% | 11.67% | 9.55% | 9.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital Ratio | 15.07% | 14.70% | 14.51% | 11.37% | 11.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Risk Based Capital Ratio | 15.67% | 15.30% | 15.11% | 11.94% | 11.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Risk Based Capital Ratio | 16.84% | 18.32% | 18.07% | 14.78% | 14.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity to total assets | 11.83% | 11.34% | 11.12% | 9.41% | 8.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets<sup>\*</sup> | 10.63% | 10.13% | 9.95% | 8.21% | 7.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per common share | $36.27 | $35.23 | $34.04 | $32.97 | $30.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible book value per common share<sup>\*</sup> | $32.17 | $31.07 | $30.07 | $28.38 | $25.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible book value per diluted common share<sup>\*</sup> | $31.89 | $30.80 | $29.70 | $28.00 | $25.44 |
| <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. | <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. | <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. | <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. | <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. | <sup>\*</sup> The value noted is considered a Non-GAAP financial measure. For a reconciliation of Non-GAAP financial measures, see Table 8. Non-GAAP Financial Measures. |

---

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**Equity Bancshares, Inc.**

PRESS RELEASE

**TABLE 5. YEAR-TO-DATE NET INTEREST INCOME ANALYSIS** (Unaudited)

(Dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Six Months Ended** | **For the Six Months Ended** | **For the Six Months Ended** | **For the Six Months Ended** | **For the Six Months Ended** | **For the Six Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
|  | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> |
| **Interest-earning assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans <sup>(1)</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $716978 | $28244 | 7.94% | $634879 | $25194 | 7.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 1417625 | 49635 | 7.06% | 1425143 | 49142 | 6.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate construction | 459915 | 17919 | 7.86% | 378815 | 16618 | 8.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 566198 | 13588 | 4.84% | 580382 | 13024 | 4.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 261006 | 9988 | 7.72% | 201520 | 7412 | 7.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural | 89244 | 3398 | 7.68% | 129167 | 5493 | 8.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 92293 | 3093 | 6.76% | 106107 | 3464 | 6.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 3603259 | 125865 | 7.04% | 3456013 | 120347 | 7.00% |
| &nbsp;&nbsp;Securities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 922597 | 17935 | 3.92% | 1008742 | 20053 | 4.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nontaxable securities | 55167 | 735 | 2.69% | 61298 | 792 | 2.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 977764 | 18670 | 3.85% | 1070040 | 20845 | 3.92% |
| &nbsp;&nbsp;Federal funds sold and other | 200849 | 4336 | 4.35% | 217902 | 5707 | 5.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $4781872 | $148871 | 6.28% | $4743955 | 146899 | 6.23% |
| **Interest-bearing liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand, savings and money market deposits | $2500379 | $26759 | 2.16% | $2525710 | 31605 | 2.52% |
| &nbsp;&nbsp;Time deposits | 742606 | 12708 | 3.45% | 772126 | 13912 | 3.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3242985 | 39467 | 2.45% | 3297836 | 45517 | 2.78% |
| &nbsp;&nbsp;FHLB advances | 242127 | 5140 | 4.28% | 208160 | 4933 | 4.77% |
| &nbsp;&nbsp;Other borrowings | 142130 | 4170 | 5.92% | 212013 | 5791 | 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $3627242 | $48777 | 2.71% | $3718009 | 56241 | 3.04% |
| Net interest income |  | $100094 |  |  | $90658 |  |
| Interest rate spread |  |  | 3.57% |  |  | 3.19% |
| Net interest margin <sup>(2)</sup> |  |  | 4.22% |  |  | 3.84% |
| <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. |
| <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. |
| <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. |
| <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. |

---

------

**Equity Bancshares, Inc.**

PRESS RELEASE

**TABLE 6. QUARTER-TO-DATE NET INTEREST INCOME ANALYSIS** (Unaudited)

(Dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
|  | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> |
| **Interest-earning assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans <sup>(1)</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $743538 | $13922 | 7.51% | $635123 | $12782 | 8.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 1411211 | 25042 | 7.12% | 1401109 | 24541 | 7.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate construction | 461898 | 9117 | 7.92% | 402831 | 8843 | 8.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 566719 | 6873 | 4.86% | 580338 | 6563 | 4.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 257947 | 4574 | 7.11% | 206018 | 3944 | 7.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural | 93539 | 1732 | 7.43% | 127298 | 3102 | 9.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 96129 | 1608 | 6.71% | 106759 | 1743 | 6.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 3630981 | 62868 | 6.94% | 3459476 | 61518 | 7.15% |
| &nbsp;&nbsp;Securities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 908331 | 8821 | 3.89% | 1006018 | 10176 | 4.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nontaxable securities | 53538 | 358 | 2.68% | 59961 | 401 | 2.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 961869 | 9179 | 3.83% | 1065979 | 10577 | 3.99% |
| &nbsp;&nbsp;Federal funds sold and other | 198814 | 2140 | 4.32% | 220258 | 3037 | 5.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $4791664 | 74187 | 6.21% | $4745713 | 75132 | 6.37% |
| **Interest-bearing liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand, savings and money market deposits | $2473274 | 13177 | 2.14% | $2530899 | 15946 | 2.53% |
| &nbsp;&nbsp;Time deposits | 791325 | 6913 | 3.50% | 744866 | 6716 | 3.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3264599 | 20090 | 2.47% | 3275765 | 22662 | 2.78% |
| &nbsp;&nbsp;FHLB advances | 210224 | 2224 | 4.24% | 302972 | 3789 | 5.03% |
| &nbsp;&nbsp;Other borrowings | 140523 | 2071 | 5.91% | 147206 | 2205 | 6.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $3615346 | 24385 | 2.71% | $3725943 | 28656 | 3.09% |
| Net interest income |  | $49802 |  |  | $46476 |  |
| Interest rate spread |  |  | 3.50% |  |  | 3.28% |
| Net interest margin <sup>(2)</sup> |  |  | 4.17% |  |  | 3.94% |
| <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. |
| <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. |
| <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. |
| <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. |

---

------

**Equity Bancshares, Inc.**

PRESS RELEASE

**TABLE 7. QUARTER-OVER-QUARTER NET INTEREST INCOME ANALYSIS** (Unaudited)

(Dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
|  | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> | **Average Outstanding Balance** | **Interest Income/ Expense** | **Average<br>Yield/Rate**<sup>(3)(4)</sup> |
| **Interest-earning assets** |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans <sup>(1)</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $743538 | $13922 | 7.51% | $690124 | $14322 | 8.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 1411211 | 25042 | 7.12% | 1424110 | 24591 | 7.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate construction | 461898 | 9117 | 7.92% | 457910 | 8802 | 7.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 566719 | 6873 | 4.86% | 565672 | 6715 | 4.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 257947 | 4574 | 7.11% | 264100 | 5415 | 8.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agricultural | 93539 | 1732 | 7.43% | 84901 | 1667 | 7.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 96129 | 1608 | 6.71% | 88413 | 1485 | 6.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 3630981 | 62868 | 6.94% | 3575230 | 62997 | 7.15% |
| &nbsp;&nbsp;Securities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 908331 | 8821 | 3.89% | 937021 | 9114 | 3.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nontaxable securities | 53538 | 358 | 2.68% | 56815 | 377 | 2.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 961869 | 9179 | 3.83% | 993836 | 9491 | 3.87% |
| &nbsp;&nbsp;Federal funds sold and other | 198814 | 2140 | 4.32% | 202906 | 2196 | 4.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $4791664 | 74187 | 6.21% | $4771972 | 74684 | 6.35% |
| **Interest-bearing liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand savings and money market deposits | $2473274 | 13177 | 2.14% | $2527784 | 13581 | 2.18% |
| &nbsp;&nbsp;Time deposits | 791325 | 6913 | 3.50% | 693346 | 5796 | 3.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3264599 | 20090 | 2.47% | 3221130 | 19377 | 2.44% |
| &nbsp;&nbsp;FHLB advances | 210224 | 2224 | 4.24% | 274385 | 2916 | 4.31% |
| &nbsp;&nbsp;Other borrowings | 140523 | 2071 | 5.91% | 143753 | 2099 | 5.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $3615346 | 24385 | 2.71% | $3639268 | 24392 | 2.72% |
| Net interest income |  | $49802 |  |  | $50292 |  |
| Interest rate spread |  |  | 3.50% |  |  | 3.63% |
| Net interest margin <sup>(2)</sup> |  |  | 4.17% |  |  | 4.27% |
| <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. | <sup>(1)</sup> Average loan balances include nonaccrual loans. |
| <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. | <sup>(2)</sup> Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets for the period. |
| <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. | <sup>(3)</sup> Tax exempt income is not included in the above table on a tax-equivalent basis. |
| <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. | <sup>(4)</sup> Actual unrounded values are used to calculate the reported yield or rate disclosed. Accordingly, recalculations using the amounts in thousands as disclosed in this report may not produce the same amounts. |

---

------

**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) | **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) | **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) | **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) | **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) | **TABLE 8. NON-GAAP FINANCIAL MEASURES** (Unaudited) |
| (Dollars in thousands, except per share data) |  |  |  |  |  |
|  | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** | **As of and for the Three Months Ended** |
|  | **June 30,** | **March 31,** | **December 31,** | **September 30,** | **June 30,** |
|  | **2025** | **2025** | **2024** | **2024** | **2024** |
| Total stockholders' equity | $635636 | $617324 | $592918 | $504038 | $461435 |
| &nbsp;&nbsp;Goodwill | (53101) | (53101) | (53101) | (53101) | (53101) |
| &nbsp;&nbsp;Core deposit intangibles, net | (12908) | (13924) | (14969) | (16029) | (16636) |
| &nbsp;&nbsp;Mortgage servicing rights, net |  |  |  |  | (25) |
| &nbsp;&nbsp;Naming rights, net | (5852) | (5926) | (957) | (968) | (979) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible common equity** | $563775 | $544373 | $523891 | $433940 | $390694 |
| Common shares outstanding at period end | 17527191 | 17522994 | 17419858 | 15288309 | 15200194 |
| Diluted common shares outstanding at period end | 17680489 | 17673132 | 17636843 | 15497466 | 15358396 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Book value per common share** | $36.27 | $35.23 | $34.04 | $32.97 | $30.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible book value per common share** | $32.17 | $31.07 | $30.07 | $28.38 | $25.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible book value per diluted common share** | $31.89 | $30.80 | $29.70 | $28.00 | $25.44 |
| Total assets | $5373837 | $5446100 | $5332047 | $5355233 | $5245517 |
| &nbsp;&nbsp;Goodwill | (53101) | (53101) | (53101) | (53101) | (53101) |
| &nbsp;&nbsp;Core deposit intangibles, net | (12908) | (13924) | (14969) | (16029) | (16636) |
| &nbsp;&nbsp;Mortgage servicing rights, net |  |  |  |  | (25) |
| &nbsp;&nbsp;Naming rights, net | (5852) | (5926) | (957) | (968) | (979) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible assets** | $5301976 | $5373149 | $5263020 | $5285135 | $5174776 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity to total assets** | 11.83% | 11.34% | 11.12% | 9.41% | 8.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible common equity to tangible assets** | 10.63% | 10.13% | 9.95% | 8.21% | 7.55% |
| Total average stockholders' equity | $627103 | $605917 | $533227 | $485468 | $455322 |
| &nbsp;&nbsp;Average intangible assets | (72406) | (72389) | (69570) | (70824) | (71423) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Average tangible common equity** | $554697 | $533528 | $463657 | $414644 | $383899 |
| Net income (loss) allocable to common stockholders | $15264 | $15041 | $16986 | $19851 | $11716 |
| &nbsp;&nbsp;Net gain on acquisition |  |  |  | (831) | (60) |
| &nbsp;&nbsp;Net gain (loss) on securities transactions | (12) | (12) | 2 | (206) | 27 |
| &nbsp;&nbsp;Merger expenses | 355 | 66 |  | 618 | 2287 |
| &nbsp;&nbsp;Loss on debt extinguishment | 1361 |  |  |  |  |
| &nbsp;&nbsp;BOLI tax expense |  |  |  |  | 1730 |
| &nbsp;&nbsp;Amortization of intangible assets | 1145 | 1144 | 1071 | 1148 | 1254 |
| Tax effect of adjustments | (598) | (252) | (225) | (153) | (737) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core net income (loss) allocable to common<br>&nbsp;&nbsp;&nbsp;&nbsp;stockholders** | $17515 | $15987 | $17834 | $20427 | $16217 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Return on total average stockholders' equity<br>&nbsp;&nbsp;&nbsp;&nbsp;(ROAE) annualized** | 9.76% | 10.07% | 12.67% | 16.27% | 10.35% |
| Average tangible common equity | $554697 | $533528 | $463657 | $414644 | $383899 |
| Average impact from core earnings adjustments | 1126 | 473 | 424 | 288 | 2251 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core average tangible common equity** | $555823 | $534001 | $464081 | $414932 | $386150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Return on average tangible common equity<br>&nbsp;&nbsp;&nbsp;&nbsp;(ROATCE) annualized** | 11.69% | 12.12% | 15.30% | 19.92% | 13.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core return on average tangible common equity<br>&nbsp;&nbsp;&nbsp;&nbsp;(CROATCE) annualized** | 12.64% | 12.14% | 15.29% | 19.58% | 16.89% |

---

------

**Equity Bancshares, Inc.**

PRESS RELEASE

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Non-interest expense | $40001 | $39050 | $37806 | $30328 | $38871 |
| &nbsp;&nbsp;Merger expense | (355) | (66) |  | (618) | (2287) |
| &nbsp;&nbsp;Amortization of intangible assets | (1145) | (1144) | (1071) | (1148) | (1254) |
| &nbsp;&nbsp;Loss on debt extinguishment | (1361) |  |  |  |  |
| Adjusted non-interest expense | $37140 | $37840 | $36735 | $28562 | $35330 |
| Net interest income | $49802 | $50292 | $49473 | $46031 | $46476 |
| Non-interest income | 8589 | 10330 | 8816 | 9317 | 8958 |
| &nbsp;&nbsp;Net gain on acquisition and branch sales |  |  |  | (831) | (60) |
| &nbsp;&nbsp;Net gains (losses) from securities transactions | (12) | (12) | 2 | (206) | 27 |
| Adjusted non-interest income | $8577 | $10318 | $8818 | $8280 | $8925 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income plus adjusted non-interest income** | $58379 | $60610 | $58291 | $54311 | $55401 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Non-interest expense to<br>&nbsp;&nbsp;&nbsp;&nbsp;net interest income plus non-interest income** | 68.51% | 64.42% | 64.86% | 54.80% | 70.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Efficiency ratio** | 63.62% | 62.43% | 63.02% | 52.59% | 63.77% |
| Total average assets | 5206950 | 5212417 | 5163166 | 5205017 | 5196259 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core non-interest expense to average assets** | 2.86% | 2.94% | 2.83% | 2.18% | 2.73% |
| Net income (loss) allocable to common stockholders | $15264 | $15041 | $16986 | $19851 | $11716 |
| &nbsp;&nbsp;Amortization of intangible assets | 1145 | 1144 | 1071 | 1148 | 1254 |
| Tax effect of adjustments | (240) | (240) | (225) | (241) | (263) |
| **Adjusted net income allocable to common stockholders** | 16169 | 15945 | 17832 | 20758 | 12707 |
| &nbsp;&nbsp;Net gain on acquisition |  |  |  | (831) | (60) |
| &nbsp;&nbsp;Net gain (loss) on securities transactions | (12) | (12) | 2 | (206) | 27 |
| &nbsp;&nbsp;Merger expenses | 355 | 66 |  | 618 | 2287 |
| &nbsp;&nbsp;Loss on debt extinguishment | 1361 |  |  |  |  |
| &nbsp;&nbsp;BOLI tax expense |  |  |  |  | 1730 |
| Tax effect of adjustments | (358) | (12) |  | 88 | (474) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core net income (loss) allocable to common<br>&nbsp;&nbsp;&nbsp;&nbsp;stockholders** | $17515 | $15987 | $17834 | $20427 | $16217 |
| Total average assets | $5206950 | $5212417 | $5163166 | $5205017 | $5196259 |
| Total average stockholders' equity | $627103 | $605917 | $533227 | $485468 | $455322 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Weighted average diluted common shares** | 17651298 | 17666834 | 16262965 | 15451545 | 15377980 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Diluted earnings (loss) per share** | $0.86 | $0.85 | $1.04 | $1.28 | $0.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core earnings per diluted share** | $0.99 | $0.90 | $1.10 | $1.32 | $1.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Return on average assets (ROAA) annualized** | 1.18% | 1.17% | 1.31% | 1.52% | 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core return on average assets** | 1.35% | 1.24% | 1.37% | 1.56% | 1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Return on average equity** | 9.76% | 10.07% | 12.67% | 16.27% | 10.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Core return on average equity** | 11.18% | 10.69% | 13.29% | 16.73% | 14.25% |

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## Exhibit 99.2

![Slide 1](eqbk-ex99_2s1.jpg)

Exhibit 99.2

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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 reflect the current views of the management of Equity Bancshares, Inc. ("Equity," "we," "us," "our," "the company") with respect to, among other things, future events and Equity's financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity's control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity's expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; the possibility that the expected benefits related to the proposed transaction with NBC Corp. of Oklahoma ("NBC") may not materialize as expected; the proposed transaction not being timely completed, if completed at all; prior to the completion of the proposed transaction, the business of NBC experiencing disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; the ability to obtain regulatory approval of the NBC transactions; and the ability to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; and similar variables. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Equity's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 7, 2025, and any updates to those risk factors set forth in Equity's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity's underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equity's behalf may issue. NON-GAAP FINANCIAL MEASURES This presentation contains certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of this presentation. Numbers in the presentation may not sum due to rounding. Forward Looking Statements

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Equity Bancshares, Inc.\| NYSE: EQBK Market Cap as of 7/10/2025 Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. Compound Annual Growth Rate since EQBK was founded in 2002 Strategic Execution Of Acquisitions SCALE 13 Completed Bank Acquisitions SINCE IPO 2002 2008 2015 2025 START-UP 4 acquisitions GROWTH 4 acquisitions IPO $380M $5.4B 25.9% Compound Annual Growth Rate3 Overview $5.4B Assets $3.6B Loans $4.2B Deposits $835M Market Cap1 10.63% TCE/TA2 15.07% CET 1 16.84% TRBC $32.17 TBVPS2 $1.6B $6.3B 2025 2Q FY NBC OKLAHOMA Merger Closed on July 2, 2025

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Leadership Team Brad Elliott Equity Bancshares, Inc. Chairman & CEO Years in Banking: 36 Founded Equity Bank in 2002 2018 EY Entrepreneur of the Year National Finalist 2014 Most Influential CEO, Wichita Business Journal Chris Navratil Chief Financial Officer Years in Banking: 14 Promoted to Chief Financial Officer in August 2023. Previously served as Bank CFO and prior to Equity, spent 7 years within the Financial Institution Audit Practice with Crowe LLP Brett Reber General Counsel Years in Law: 37 Prior to joining Equity Bank, he served as Managing Member of the Wise & Reber, L.C. law firm. Brett has practiced corporate and business law for over 30 years. David Pass Chief Information Officer Years in Banking: 24 Previously served in IT leadership positions at UMB Financial Corporation and CoBiz Financial. Rick Sems Equity Bank CEO Years in Banking: 25 Announced as Equity Bank CEO in May 2024. Joined Equity Bank as President in May 2023. Prior to joining, Rick served as Chief Banking Officer of First Bank in St. Louis and President & CEO of Reliance Bank Julie Huber Chief Operating Officer Years in Banking: 35 Announced as Chief Operating Officer in May 2024. Served in variety of leadership roles in her time at Equity Bank including overseeing our operations, HR, compliance functions and sales and training, and as managed the integration process for each acquisition. Kryzsztof Slupkowski Chief Credit Officer Years in Banking: 12 Promoted to Chief Credit Officer in September 2023. Served as Metro Market CCO since 2018, previously served in various credit function at Commerce Bancshares. Ann Knutson Chief Human Resources Officer Years in Banking: 17 Previously served in human resource leadership positions at Bank Five Nine and Summit Credit Union

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Organic Growth Strategic Mergers & Acquisitions Disciplined Credit Standards Effective Balance Sheet & Capital Management EPS & Tangible Book Value Growth Our guiding principles and commitment to entrepreneurial spirit are part of our longstanding framework for delivering shareholder value Our Value Proposition

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Tangible Book Value per common share. Non-GAAP Measure. For a reconciliation of Non-GAAP measures, please see appendix. AOCI Impact TBVPS TBVPS Ex. AOCI Tangible Book Value Per Share \| IPO to Current Tangible Book Value Per Share \| Quarter over Quarter Walk 8.46% CAGR Ex. AOCI During the quarter, Tangible Book Value increased $1.10 in Q1 2025 to $32.17 Since IPO, Tangible Book Value increased $16.20 to $32.17 Tangible Book Value Per Share1 Q1 Q2 Q2

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2nd Quarter 2025 \| Financial Highlights Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. 2025 2025 2024 Earnings & Profitability Q2 Q1 Q4 Earnings Per Share \| Core Earnings Per Share1 $0.87 \| $0.99 $0.86 \| $0.90 $1.06 \| $1.10 Book Value Per Share \| TBV Per Share1 $36.27 \| $32.17 $35.23 \| $31.07 $34.04 \| $30.07 Net Income \| Core Net Income1 $15.3M \| $17.5M $15.0M \| $16.0M $17.0M \| $17.8M Net Interest Margin 4.17% 4.27% 4.17% Efficiency Ratio1 63.62% 62.43% 63.02% ROAA \| Core ROAA 1 1.18% \| 1.35% 1.17% \| 1.24% 1.31% \|1.37% ROAE \| Core ROATCE 1 9.76% \| 12.64% 10.07% \| 12.14% 12.67% \| 15.29% Balance Sheet & Capital Total Loans $3.6B $3.6B $3.5B Total Deposits $4.2B $4.4B $4.4B Total Equity / Total Assets \| TCE / TA1 11.83% \| 10.63% 11.34% \|10.13% 11.12% \| 9.95% CET 1 Capital Ratio 15.07% 14.70% 14.51% Total Risk-based Capital Ratio 16.84% 18.32% 18.07% Asset Quality Provision for Credit Losses $0.0M $2.7M $0.0M NCOs / Avg. Loans 0.06% 0.02% 0.04% NPAs / Total Assets 0.85% 0.51% 0.65% Classified Assets / Regulatory Capital 11.39% 10.24% 12.00% $17.5M Core Net Income1 $0.99 Core Earnings Per Share1 $4.2B Total Deposits $3.6B Gross Loans

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Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. Return On Average Tangible Common Equity - Core1 Return on Average Assets - Core1 Efficiency Ratio1 TCE / TA Excluding AOCI1 Performance Metrics

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Net Interest Income Noninterest Income Rate Protection Noninterest Expense Net interest income was $49.8 million for the period, as compared to $50.3 million for previous quarter. Adjusting the stated number for non-recurring nonaccrual reversals and excess prepayment fee realization of $2.3 million in the prior quarter, net interest income was up $1.8 million in Q2. Increased coupon yield and a larger balance sheet drove the outperformance to Q1. Total non-interest income was $8.6 million for the quarter, as compared to $10.3 million linked quarter. Q1 includes a $2.2 million comparative improvement in benefit from Bank Owned Life Insurance as we realized a death benefit during the period. Excluding this periodic change Noninterest income was up $0.5 million linked quarter due to growth in our Wealth Management, Insurance, and Mortgage services. Proactive effort to book variable rate assets subject to floor levels. Total non-interest expense for the quarter was $40.0 million as compared to $39.0 million for the previous quarter. Adjusting for the non-recurring $1.7 million loss on debt extinguishment and merger expenses, non-interest expense decreased $0.7 million QoQ. The comparative decrease during the period was driven by beginning of the year payroll dynamics as well as savings in maintenance and professional fees. Quarter over Quarter Walk Q1 Q2 Net Income Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. 1 Q2 1

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Profitability Noninterest income is adjusted to exclude and gain/(loss) on securities transactions Revenue Composition1 Profitability Ratios1

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Deposits Cost of Deposits Loan Yield Investment Yield Borrowings Noninterest-bearing deposits constitute 21.6% of total deposits, essentially flat QoQ. Interest-bearing deposits, including money market and savings, decreased 0.4% from 59.3% to 58.9% of total deposits, QoQ. Time deposits grew 0.4% from 19.1% to 19.5% of total deposits, QoQ. Cost of total deposits as well as cost of interest-bearing deposits increased 3bps during the quarter. The comparative increase to Q1 was led by higher cost brokered deposits in Q2 compared to public fund balances early on in Q1. Loan yield decreased 20bps quarter-over-quarter, driven by non-recurring purchase accounting and non-accrual impacts in Q1 totaling 29bps. Excluding these one-time benefits, core loan yield increased 9bps, led by higher coupon yield (8bps) and elevated loan fees. Investment yield decreased 5bps quarter-over-quarter due to a longer day count as well as continued runoff in the portfolio. Purchases made in the second half of Q2 should help drive an increase in Q3 securities income. Borrowing balances increased during the quarter to offset deposit swings, as well as the sub debt payoff. Cost on our borrowings decreased 7bps quarter-over-quarter to 4.24%. Quarter over Quarter Walk Net Interest Margin Quarter over Quarter -10bps Net Interest Income 4.27% Q1 4.17% Q2 Q1 Q2

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Current Deposit Composition Core Deposits excludes brokered & listing service deposits Trending Deposit Composition & Loan To Deposit Ratio Core Deposits1 / Total Deposits Strong Core Deposit Franchise

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Yield Analysis1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Fed Funds Effective Rate 5.33% 4.65% 4.33% 4.33% Change Since Beginning of Rate Cycle – Sept 2024 -0.07% -0.68% -1.00% -1.00% Loan Coupon 25% 28% 20% IB Deposits 41% 41% 38% Total Deposits 31% 30% 27% Yield / Cost Components Loan Coupon exclusive of the impact of derivatives, purchase accounting, non-accrual, mortgage premium amort, and loan fees Cost Analysis Cumulative Betas

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Total Classified Assets $71.0M Total Classified Assets / Total Bank Regulatory Capital 11.39% Net Charge-offs Annualized / Average Loans 0.25% Total Loans & Yield on Loans Diversified Loan Portfolio Current Loan Composition

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Nonperforming Assets1,2 Total Reserve Ratio OREO & Other Rep. Assets excludes Bank owned branch assets, totaling $1.1M, classified as Other Real Estate Owned within the Statements of Condition. NPAs / Assets Includes loans 90+ days past due which are not highlighted in the table. Net Charge-offs / Average Loans Classified Assets Asset Quality Trends \| Quarterly

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OREO & Other Rep. Assets excludes Bank owned branch assets, totaling $1.1M, classified as Other Real Estate Owned within the Statements of Condition. NPAs / Assets Includes loans 90+ days past due which are not highlighted in the table. Net Charge-offs / Average Loans Classified Assets Nonperforming Assets1,2 Total Reserve Ratio Asset Quality Trends \| Annual

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Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. EQBK Well Capitalized CAPITAL PRIORITIES Maintain well capitalized regulatory levels Capacity for organic growth Merger & acquisitions Dividend payout ratio targeted at 10-20% Common stock repurchases Dividends Declared Per Share & Dividend Payout Ratio Shares Repurchased & Weighted Avg. Price Per Share 1 Thousands Capital Management THE COMPANY'S CAPITAL RATIOS ARE WELL CAPITALIZED LEVELS AS OF 6/30/2025

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NOTE: Figures presented in this outlook represent forward-looking statements and are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Please see Special Note Concerning Forward-Looking Statements and Focus Variables for Outlook and Forecast 1) Core Non-interest Expense. Excludes merger expenses 2nd QUARTER 2025 RESULTS ESTIMATES $4,183M $4,150 – 4,300M Avg. Deposits $3,631M $3,600 – 3,700M Avg. Loans $4,791M $4,800 – 4,900M Avg. Earning Assets 4.17% 4.05 – 4.10% Net Interest Margin $0.0M $0.5 – 1.5M Provision For Credit Losses $8.58M $8.25 – 9.0M Non-interest Income $38.3M $36 – 39M Core Non-interest Expense1 16.9% 18 – 22% Effective Tax Rate FORWARD LOOKING 3rd QUARTER 2025 4th QUARTER 2025 $4,800 – 5,000M $4,850 – 5,050M $4,200 – 4,400M $4,300 – 4,500M $5,600 – 5,800M $5,700 – 5,900M 4.15 – 4.25% 4.15 – 4.25% $1.0 – 2.0M $1.0 – 2.0M $8.50 – 9.5M $8.50 – 9.5M $42 – 46M $40 – 44M 18 – 20% 18 – 20% Outlook on Key Business Drivers

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Focus Variables for Outlook & ForecastOUR OUTLOOK REQUIRES CLARITY AROUND CERTAIN VARIABLES, INCLUDING: ECONOMIC ENVIRONMENT CUSTOMER NEEDS COST OF FUNDING COMPETITIVE MARKET INVESTMENT OPPORTUNITIES POLITICAL ENVIRONMENT Business activity creates opportunity for lending and deposit growth. Current macro-environment response and resolution will be a significant driver. Directly related to credit quality as well as trust in our business. Impacts rates on our product offerings and applies pressure to earnings. Must be able to manage cost and profit yields effectively. Providing customers with rates and services that are competitive with our peers. Irrational operators may have short term impact on opportunities. Growth strategy must be flexible to the other variables that affect our investment options. U.S. politics affect banking regulations, international relationships, tax policies and more.

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Our Markets Source: S&P Capital IQ, Deposit Market data as of 6/30/24. Market rank is based on counties with a EQBK physical presence. Kansas Market Rank #8 Deposits $2.5B Deposit Market Share 3.80% Missouri Market Rank #7 Deposits $1.1B Deposit Market Share 1.89% Oklahoma Market Rank #15 Deposits $1.3B Deposit Market Share 1.58% Arkansas Market Rank #9 Deposits $317M Deposit Market Share 2.72%

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Quarter Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Total stockholder's equity $635,636 $617,324 $592,918 $504,038 $461,435 Goodwill (53,101) (53,101) (53,101) (53,101) (53,101) Core deposit intangibles, net (12,908) (13,924) (14,969) (16,029) (16,636) Mortgage servicing rights, net 0 0 0 0 (25) Naming rights, net (5,852) (5,926) (957) (968) (979) Tangible Common Equity $563,775 $544,373 $523,891 $433,940 $390,694 Common shares outstanding at period end 17,527,191 17,522,994 17,419,858 15,288,309 15,200,194 Diluted common shares outstanding at period end 17,680,489 17,673,132 17,636,843 15,497,446 15,358,396 Book value per common share $36.27 $35.23 $34.04 $32.97 $30.36 Tangible book value per common share $32.17 $31.07 $30.07 $28.38 $25.70 Tangible book value per diluted common share $31.89 $30.80 $29.70 $28.00 $25.44 Total assets $5,373,837 $5,446,100 $5,332,047 $5,355,233 $5,245,517 Goodwill (53,101) (53,101) (53,101) (53,101) (53,101) Core deposit intangibles, net (12,908) (13,924) (14,969) (16,029) (16,636) Mortgage servicing rights, net 0 0 0 0 (25) Naming rights, net (5,852) (5,926) (957) (968) (979) Tangible assets $5,301,976 $5,373,149 $5,263,020 $5,285,135 $5,174,776 Total stockholders' equity to total assets 11.83% 11.34% 11.12% 9.41% 8.80% Tangible common equity to tangible assets 10.63% 10.13% 9.95% 8.21% 7.55% Non-GAAP reconciliationsCALCULATIONS OF TANGIBLE COMMON EQUITY AND RELATED MEASURES($ in thousands, except per share data)

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Quarter Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Total average stockholders' equity $627,103 $605,917 $533,227 $485,468 $455,322 Average intangible assets (72,406) (72,389) (69,570) (70,824) (71,423) Average tangible common equity $544,697 $533,528 $463,657 $414,644 $383,899 Net income (loss) allocable to common stockholders 15,264 15,041 16,986 19,851 11,716 Net gain on acquisition 0 0 0 (831) (60) Net gain (loss) on securities transactions (12) (12) 2 (206) 27 Merger expenses 355 66 0 618 2,287 Loss on debt extinguishment 1,361 0 0 0 0 BOLI tax expense 0 0 0 0 1,730 Amortization of intangible assets 1,145 1,144 1,071 1,148 1,254 Tax effect of intangible assets amortization (598) (252) (225) (153) (737) Core net income (loss) allocable to common stockholders $17,515 $15,987 $17,834 $20,427 $16,217 Return on total average stockholders' equity (ROAE) annualized 9.76% 10.07% 12.67% 16.27% 10.35% Average tangible common equity $544,697 $533,528 $463,657 $414,644 $383,899 Average impact from core earnings adjustments 1,126 473 424 288 2,251 Core average tangible common equity $555,823 $534,001 $464,081 $414,932 $386,150 Return on total average tangible common equity (ROATCE) annualized 11.69% 12.12% 15.30% 19.92% 13.31% Core return on total average tangible common equity (CROATCE) annualized 12.64% 12.14% 15.29% 19.58% 16.89% Non-interest expense $40,001 $39,050 $37,806 $30,328 $38,871 Merger expense (355) (66) 0 (618) (2,287) Amortization of intangible assets (1,145) (1,144) (1,071) (1,148) (1,254) Loss on debt extinguishment (1,361) 0 0 0 0 Adjusted non-interest expense $37,140 $37,840 $36,735 $28,562 $35,330 Net interest income $49,802 $50,292 $49,473 $46,031 $46,476 Non-interest income 8,589 10,330 8,816 9,317 8,958 Net gain on acquisition and branch sales 0 0 0 (831) (60) Net gains (losses) from securities transactions (12) (12) 2 (206) 27 Adjusted non-interest income $8,577 $10,318 $8,818 $8,280 $8,925 Net interest income plus adjusted non-interest income $58,379 $60,610 $58,291 $54,311 $55,401 Non-interest expense to net interest income plus non-interest income 68.51% 64.42% 64.86% 54.80% 70.12% Efficiency ratio 63.62% 62.43% 63.02% 54.59% 63.77% Average Assets $5,206,950 $5,212,417 $5,163,166 $5,205,017 $5,196,258 Core non-interest expense to average assets 2.86% 2.94% 2.83% 2.18% 2.73% Non-GAAP reconciliationsCALCULATIONS OF RETURN ON AVERAGE TANGIBLE COMMON EQUITY AND EFFICIENCY RATIO($ in thousands, except per share data)

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Quarter Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Net income (loss) allocable to common stockholders 15,264 15,041 16,986 19,851 11,716 Amortization of intangible assets 1,145 1,144 1,071 1,148 1,254 Tax effect of adjustments (240) (240) (225) (241) (263) Adjusted net income allocable to common stockholders $16,169 $15,945 $17,832 $20,758 $12,707 Net gain on acquisition 0 0 0 (831) (60) Net gain (loss) on securities transactions (12) (12) 2 (206) 27 Merger expenses 355 66 0 618 2,287 Loss on debt extinguishment 1,361 0 0 0 0 BOLI tax expense 0 0 0 0 1,730 Tax effect of adjustments (358) (12) 0 88 (474) Core net income (loss) allocable to common stockholders $17,515 $15,987 $17,834 $20,427 $16,217 Total average assets $5,206,950 $5,212,417 $5,163,166 $5,205,017 $5,196,259 Total average stockholders' equity $627,103 $605,917 $533,227 $485,468 $455,322 Weighted Average Diluted Shares 17,651,298 17,666,834 16,262,965 15,451,545 15,377,980 Diluted earnings (loss) per share $0.86 $0.85 $1.04 $1.28 $0.76 Core earnings (loss) per diluted share $0.99 $0.90 $1.10 $1.32 $1.05 Return on average assets (ROAA) annualized 1.18% 1.17% 1.31% 1.52% 0.91% Core return on average assets annualized 1.35% 1.24% 1.37% 1.56% 1.25% Return on average equity (ROAE) 9.76% 10.07% 12.67% 16.27% 10.35% Core return on average equity 11.18% 10.69% 13.29% 16.73% 14.25% Non-GAAP reconciliationsCALCULATIONS OF RETURN ON AVERAGE ASSETS, AVERAGE EQUITY AND OPERATING INCOME($ in thousands, except per share data)

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