Equity Bancshares, Inc. reported a net income of $22.7 million for the fiscal year ending December 31, 2025, a significant decrease from the $62.6 million recorded in 2024. This decline was primarily attributed to a $54.9 million drop in non-interest income and a $30.6 million rise in non-interest expenses, despite a $39.9 million increase in net interest income. The company's total assets grew by 19.5% to $6.37 billion, driven by a 19.9% increase in loans held for investment, which reached $4.20 billion, and a $224.1 million rise in cash and cash equivalents.
The year saw Equity Bancshares complete the acquisition of NBC Corp. of Oklahoma, which added $806 million in deposits and expanded its branch network. The company’s total deposits increased by 17.5% to $5.14 billion, with a notable rise in non-interest-bearing demand deposits, which accounted for 22.3% of total deposits. The net interest margin improved to 4.33%, up from 3.98% in the previous year, reflecting a favorable shift in the cost of interest-bearing liabilities.
Operationally, Equity Bancshares expanded its workforce significantly, increasing its employee count from 19 to 909 over the years, and now operates 77 branches across Arkansas, Kansas, Missouri, and Oklahoma. The company has focused on enhancing its commercial loan portfolio and improving the quality of its loan mix through strategic acquisitions and organic growth. The allowance for credit losses increased to $52.8 million, or 1.3% of total loans, reflecting the growth in the loan portfolio and the impact of the NBC merger.
Looking ahead, Equity Bancshares aims to continue its strategy of organic growth and selective acquisitions, leveraging its established presence in metropolitan markets while maintaining a disciplined approach to risk management. The company remains focused on enhancing stockholder value and generating consistent earnings growth, despite the challenges posed by fluctuating economic conditions and competitive pressures in the banking sector.
About EQUITY BANCSHARES INC
Equity Bancshares, Inc. is a financial holding company based in Wichita, Kansas, operating through its subsidiary, Equity Bank. It provides commercial and personal banking services, including loans, deposits, treasury management, and wealth management, primarily to businesses and individuals in the Midwest. The company focuses on strategic acquisitions, organic growth, disciplined lending, and community involvement to deliver relationship-based banking and long-term value.
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