Apr. 16 at 12:06 PM
$EQBK
Equity Bancshares reported strong Q1 2025 performance with net income of
$15.0 million or
$0.85 earnings per diluted share.
The company achieved a net interest margin of 4.27% and annualized loan growth of 15.2%.
Key highlights include:
Loan balances reached
$3.63 billion with quarterly growth of
$130.8 million
Deposits closed at
$4.4 billion with a loan-to-deposit ratio of 82.4%
Tangible common equity ratio of 10.1%
Book value per share increased by
$1.19 (3.5%)
The company announced a merger with NBC Corp. of Oklahoma, adding approximately
$682 million in loans and
$816 million in deposits, with anticipated closing at the start of Q3 2025.
A quarterly dividend of
$0.15 per share was declared.
