Revenue: As of FY2026 Q2, the actual value is USD 81.93 M.

EPS: As of FY2026 Q2, the actual value is USD 1.27, beating the estimate of USD 1.2229.

EBIT: As of FY2026 Q2, the actual value is USD 33.74 M.

Net Interest Income

Net interest income was $73.8 million, showing a modest increase quarter over quarter and a 48.3% year-over-year rise . For the quarter ended June 30, 2026, net interest income was $73.9 million, compared to $73.7 million in the previous quarter . This figure remained effectively flat quarter over quarter due to declining purchase accounting accretion and lower average earning assets being offset by higher securities yields and a lower cost of funds .

Non-Interest Income

Total non-interest income was $8.1 million, marking a decrease of $1.4 million from the prior quarter . After adjusting for losses on security transactions and a fund investment write-down of -$2.2 million, non-interest income was $10.3 million, an increase of $0.7 million linked quarter . The decrease was negatively impacted by a -$2.2 million write-down of a fund investment . Excluding this one-time item, non-interest income increased by $0.8 million linked quarter, driven by higher debit and credit card income and expansion in mortgage, trust, and wealth management revenue .

Net Income

Net income for the quarter ended June 30, 2026, was $26.4 million, or $1.27 per diluted share, compared to $17.0 million, or $0.80 per diluted share in the prior quarter . Equity Bancshares, Inc.’s net income in Q2 2026 was $26.4 million, compared to $17.0 million in Q1 2026 and $22.1 million in Q4 2025 .

Core Net Income

Core net income was $29.4 million . In Q2 2026, core net income was $29.4 million, up from $28.0 million in Q1 2026 and $24.2 million in Q4 2025 .

Net Interest Margin (NIM)

Net interest margin expanded from 4.33% to 4.36% in the period, an increase of 3 basis points from the prior quarter . The NIM for Q2 2026 was 4.36%, a slight increase from 4.33% in Q1 2026, but down from 4.47% in Q4 2025 .

Non-Interest Expense

Total non-interest expense was $46.9 million, compared to $55.0 million for the prior quarter . Excluding merger expenses in both periods, non-interest expense was $46.8 million versus $49.2 million, representing a decrease of $2.5 million or 5.1% . Total non-interest expense, excluding merger costs, was $46.8 million, a decrease of $2.5 million linked quarter, reflecting operational efficiency efforts and the impact of a core conversion .

Efficiency Ratio

The efficiency ratio improved to 53.4% from 56.7% in the previous period . Compared to the same period in 2025, the ratio improved 10.2 percentage points, or 16.1% . The efficiency ratio improved to 53.38% in Q2 2026 from 56.68% in Q1 2026 and 59.98% in Q4 2025 .

Return on Average Tangible Common Equity (ROATCE)

ROATCE was 16.6%, showing meaningful improvement . Adjusting for merger costs and amortization of intangible assets, return on tangible common equity improved to 16.6% from 16.1% in the previous quarter . Compared to the same period in the prior year, ROATCE improved 4.9%, from 11.7% . Core ROATCE was 17.2% for the quarter . Core ROATCE was 17.17% in Q2 2026, 16.10% in Q1 2026, and 15.56% in Q4 2025 .

Return on Average Assets (ROAA)

The ROAA was 1.45% in Q2 2026, compared to 0.92% in Q1 2026 and 1.43% in Q4 2025 . Core ROAA was 1.61% in Q2 2026, 1.52% in Q1 2026, and 1.57% in Q4 2025 .

Return on Average Equity (ROAE)

The ROAE was 12.86% in Q2 2026, compared to 8.17% in Q1 2026 and 12.07% in Q4 2025 .

Provision for Credit Losses

During the quarter, the Company recognized a provision for loan losses of $1.3 million, a significant decrease from the prior quarter . The provision for credit losses was $1.3 million in Q2 2026, compared to -$0.1 million in Q1 2026 and -$0.0 million in Q4 2025 .

Net Charge-offs

Net charge-offs were $1.7 million, or an annualized 12 basis points of average loans . Net Charge-offs (NCOs) per average loans increased slightly to 0.12% in Q2 2026 from 0.10% in Q1 2026 and 0.07% in Q4 2025 .

Allowance for Credit Losses (ACL)

The Allowance for Credit Losses (ACL) closed the quarter at 1.19% of outstanding balances, while ACL plus purchase discounts on loans closed the quarter at 1.73% .

Book Value per Share

Book value per share increased to $40.22 from $39.37 .

Tangible Book Value per Share

Tangible book value per share increased to $33.45 from $32.58 . The tangible book value per share was $33.45 as of June 30, 2026 .

Total Assets

Total assets closed the quarter at $7.7 billion, consistent with the prior quarter end . Equity Bancshares, Inc. reported total assets of $7.7 billion .

Total Deposits

Total deposit balances closed the quarter at $6.3 billion, consistent with the previous quarter end . Brokered deposits closed the quarter at 8.0% of total deposits, up from 5.7% at prior quarter end . Total deposits remained stable at $6.3 billion in Q2 2026 and Q1 2026, up from $5.1 billion in Q4 2025 .

Loans Held for Investment / Gross Loans

Loans held for investment were $5.4 billion at period end, decreasing $22.6 million during the quarter . Gross loans remained stable at $5.4 billion in Q2 2026 and Q1 2026, up from $4.2 billion in Q4 2025 .

Asset Quality

Nonperforming assets were $66.3 million, or 0.86% of total assets, compared to $58.4 million or 0.76% at prior quarter end . Nonperforming Assets (NPAs) per total assets increased to 0.86% in Q2 2026 from 0.76% in Q1 2026 and 0.73% in Q4 2025 . Classified assets to regulatory capital remained stable at 11.9% . Classified assets per regulatory capital decreased to 11.85% in Q2 2026 from 12.00% in Q1 2026 and 12.06% in Q4 2025 .

Capital Ratios

CET1 capital was 11.84%, total risk-based capital was 14.66%, and the leverage ratio was 9.97% . Key capital metrics included a tangible common equity to tangible assets ratio of 9.07%, a Common Equity Tier 1 ratio of 11.84%, and a total risk-based capital ratio of 14.66% . The Common Equity Tier 1 (CET 1) Capital Ratio increased to 11.84% in Q2 2026 from 11.54% in Q1 2026, but was lower than 13.08% in Q4 2025 . The Total Risk-based Capital Ratio increased to 14.66% in Q2 2026 from 14.36% in Q1 2026, but was lower than 16.31% in Q4 2025 . Total Equity per Total Assets stood at 10.71% in Q2 2026, compared to 10.66% in Q1 2026 and 11.49% in Q4 2025 . Tangible Common Equity (TCE) per Tangible Assets (TA) was 9.07% in Q2 2026, 8.99% in Q1 2026, and 9.94% in Q4 2025 .

Share Repurchases and Dividends

The Company announced an $0.18 dividend on outstanding common shares as of June 30, 2026 . During the quarter, the Company repurchased 211,369 shares at a weighted average cost of $45.02 per share . Year to date, the Company has repurchased 711,369 shares at a weighted average cost of $44.84 . Under the currently active repurchase plan, 116,293 additional shares are authorized for purchase . The dividend payout ratio year to date was 17.4%, falling within the Company’s 10% to 20% target range .

Operational Details / AI Deployment

Equity Bancshares, Inc. has deployed technology and AI, with 140 AI-licensed users live in production, including retail and HR AI assistants, loan review, third-party risk management, and financial crime initial reviews . This has resulted in 35-40% faster loan review on its legacy equity portfolio and approximately $500,000 in savings on placement fees through AI-assisted, in-house talent sourcing .

Market Capitalization

The company’s market capitalization stood at $1.02 billion as of June 30, 2026 .

Growth Metrics

Since 2010, Equity Bancshares, Inc. has achieved a total asset compound annual growth rate (CAGR) of +19.4% through 15 total acquisitions . The most recent acquisition was the Frontier Bank Merger, which closed on January 1, 2026 . Acquisitions have resulted in an average tangible book value earnback of 2 years and an average earnings per share accretion of 8% .

Outlook / Guidance

Management anticipates a modestly lower net interest margin of 4.25% to 4.35% for the remainder of 2026 as earning assets expand . Non-interest income for the second half of 2026 is expected to be in the range of $18 million to $22 million . Non-interest expense for the second half of 2026 is projected to be between $94 million and $98 million . The company also anticipates average deposits between $6,250 million and $6,350 million, and average gross loans between $5,400 million and $5,500 million for the second half of 2026 .