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Mar 31
Equity Bancshares Q1 2025 Earnings Report
Equity Bancshares reported Q1 2025 results with solid loan growth and margin expansion.
Key Takeaways
Equity Bancshares delivered a strong Q1 2025 with net income of $15 million, supported by a 4.27% net interest margin and continued loan growth. The company also maintained a robust capital position and announced a strategic merger with NBC Corp. of Oklahoma.
Net interest margin rose to 4.27% driven by loan growth and nonrecurring income reversals.
Net income for the quarter was $15 million, with EPS of $0.85 and core EPS of $0.90.
Loan balances increased by $130.8 million, reflecting 15.2% annualized growth.
The company announced a merger with NBC Corp. to expand its Oklahoma footprint.
Equity Bancshares
Equity Bancshares
Equity Bancshares Revenue by Segment
Revenue by Segment
Service Charges Revenue
CapyFin.comDebit Card Income Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.comBank-Owned Life Ins. Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Equity Bancshares is well-positioned for continued growth in 2025 with planned merger activity and strong capital levels.
Positive Outlook
- Anticipated closing of NBC Corp. merger in Q3 2025
- Capital raise provides strategic growth flexibility
- Improved unrealized losses in securities portfolio
- Balance sheet prepared for organic and acquisitive expansion
- Strong credit quality and reserve position
Challenges Ahead
- Deposit balances (excluding brokered) declined due to seasonal outflows
- Provision for credit losses increased to $2.7 million due to economic uncertainty
- Tax rate rose to 20.2%, partially offset by BOLI income
- Non-interest income excluding BOLI was slightly down
- Higher incentive accruals raised non-interest expenses