Equity Bancshares, Inc. has reported its fourth-quarter results, showing a net income of $22.1 million or $1.15 per diluted share for the quarter ended December 31, 2025. Adjusting for pre-tax expenses associated with acquisitions, the net income was $23.2 million, or $1.21 per share.
For the fourth quarter of 2025, the net interest margin expanded to 4.47%, a 2 basis points increase over the previous quarter, while full-year net interest income was $226.1 million, a 21.4% increase from 2024.
Total loan and deposit balances increased year-over-year by $697.4 million and $763.5 million, respectively, driven by the addition of NBC during the third quarter of 2025. The acquisition of Frontier Holdings LLC contributed additional loan balances of approximately $1.34 billion and deposit balances of $1.1 billion.
Book value per share increased to $38.64 from $37.25, and tangible book value per share increased to $32.86 from $31.69. Tangible common equity to tangible common assets closed the quarter at 9.94%.
The company realized net charge-offs of $697 thousand during the quarter, or 0.07% annualized, with reserves closing the quarter at 1.26% of outstanding balances, materially consistent quarter over quarter.
Equity Bancshares also announced a $0.18 dividend on outstanding common shares as of December 31, 2025, and repurchased 172,338 shares at a weighted average cost of $41.69 per share. Additionally, 827,662 additional shares are authorized for purchase under the currently active repurchase plan.
The company's total assets closed the quarter at $6.4 billion, a $7.5 million decrease from the prior quarter end, while total deposit balances closed the quarter at $5.1 billion, increasing $43.5 million from the previous quarter end.
Nonperforming assets were $46.7 million, or 0.7% of total assets, compared to $52.6 million as of the end of the previous quarter, or 0.8% of total assets. Non-accrual loans were $40.3 million, as compared to $48.6 million at the end of the previous quarter.
The company's ratio of common equity tier 1 capital to risk-weighted assets was 13.1%, the total capital to risk-weighted assets was 16.3%, and the total leverage ratio was 10.6% at December 31, 2025.
In addition to GAAP measures, the company periodically supplements its evaluation with non-GAAP financial measures, providing additional perspectives on operating results, financial condition, and performance trends, while facilitating comparisons with the performance of other financial institutions.
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.
The market has reacted to these announcements by moving the company's shares -0.99% to a price of $46.92. Check out the company's full 8-K submission here.
