Equity Bancshares (EQBK) Q1 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 9:09 AM CDT 26 min read

Image source: The Motley Fool.

Wednesday, April 16, 2025, astatine 10 a.m. ET

• Chairman & CEO — Brad S. Elliott

• Bank CEO — Richard J. Sems

• Chief Financial Officer — Christopher M. Navratil

• Chief Credit Officer — Krzysztof Slupkowski

Need a punctuation from a Motley Fool analyst? Email [email protected]

Brad Elliott: Good morning. Thank you for joining Equity Bancshares net call. Joining maine contiguous are Rick Sems, our Bank CEO; Chris Navratil, our CFO; and Krzysztof Slupkowski, our Chief Credit Officer. We are excited to stock our company's beardown opening to 2025. In the archetypal quarter, we achieved beardown earnings, borderline enlargement and built up our reserves to fortify our equilibrium expanse for immoderate comes next. During the quarter, we were excited to denote the merger with NBC Corp., expanding our beingness and our marketplace stock successful Oklahoma arsenic we proceed to turn successful this strategical area. As we announced connected the telephone a fewer weeks ago, this volition beryllium impactful to Equity Bank successful galore affirmative ways.

It gets america into a marketplace we person been moving connected for respective years. And this volition springiness america entree to a caller metro marketplace to assistance america proceed to physique retired our integrated accumulation successful lending, treasury absorption and each different commercialized products. We can't explicit however excited we are to bring the existent absorption teams of NBC Oklahoma, including H.K. Hatcher, Glenn Floresca, Scott Bixler, Dennis Themer and Jeff Greenlee to our teams. As we wrapped up 2024 and looked up to 2025, we brought successful further superior with plans to turn some done mergers and acquisitions and integrated production. In the archetypal quarter, we executed connected some fronts.

Loans accrued by $131 million, an annualized maturation complaint of 15.5%, portion the NBC merger is expected to adhd astir $900 cardinal to assets to our pro forma entity. Following the completion of the NBC merger, we retained astir $67 cardinal successful superior from our communal banal rise successful December, successful summation to superior built done earnings, acceptable to deploy for strategical growth. While banks are typically sold alternatively than bought, we are seeing progressive conversations astatine a level we haven't experienced successful caller years. We person galore opportunities that could yet beryllium announced this year. We closed the 4th with a TCE ratio of 10.13% and a tangible publication worth per stock of $31.07.

Compared to 4th 1 2024, our TCE ratio is up 36%, and our tangible publication worth per stock is up 24%. Providing top-notch products and services done exceptional bankers continues to beryllium our guiding rule arsenic we purpose to turn Equity Bank. I can't beryllium much excited astir what's up for our company. We started the twelvemonth with a beardown equilibrium sheet, motivated bankers and a coagulated superior stack to execute our dual strategy of integrated maturation and strategical M&A. We began to spot the results successful Q1 and look guardant to maintaining this momentum passim the year. I volition present inquire Chris to locomotion america done our fiscal results.