- Equity Bancshares, Inc. (EQBK, Financial) reported a notable net income increase to $15.3 million, or $0.86 per diluted share, for Q2 2025.
- The company's recent merger with NBC Oklahoma added seven new locations and significant assets.
- Net interest margin expanded to 4.17%, driven by loan portfolio growth and favorable repricing.
Wichita-based Equity Bancshares, Inc. (EQBK), holding company of Equity Bank, announced its second-quarter 2025 results, highlighting a net income of $15.3 million or $0.86 per diluted share. After adjusting for $1.7 million in merger expenses and debt extinguishment costs, earnings per diluted share increased to $0.94.
The company's net interest margin expanded by 9 basis points from 4.08% in the previous quarter to 4.17% in Q2 2025. This improvement was attributed to the growing contribution of loans to average earning assets and positive portfolio repricing.
During the quarter, Equity Bancshares finalized its merger with NBC Oklahoma, adding approximately $695.1 million in loans and $800.5 million in deposits. The acquisition, which added seven new locations, officially closed on July 2, 2025, marking a significant expansion of Equity Bank's presence into Oklahoma City.
Loan balances at the end of the period were reported at $3.60 billion, with an average quarterly loan balance increase of $55.8 million or an annualized 6.2%. However, deposit balances, excluding brokered deposits, saw a decrease of $43.4 million due to seasonal outflows.
Equity Bancshares also declared a dividend of $0.15 on outstanding common shares as of June 30, 2025. The company's stock repurchase program remains active, with 7,500 shares purchased during the quarter at an average cost of $36.46 per share.
The merger with NBC Oklahoma is expected to provide strategic growth opportunities and expand market reach for Equity Bank in the latter half of 2025 and beyond. CEO Brad Elliott expressed confidence in the company's continued strong performance due to the efforts of their dedicated team and strategic market positioning.
