secwatch.observer — SEC 8-K summary
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Issuer:     EQUITY BANCSHARES INC (EQBK)
CIK:        0001227500
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000950170-24-007022
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equity Bancshares reports Q4 net loss of $28.3M on bond repositioning; announces Bank of Kirksville merger
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- Net loss of $28.3M (-$1.84 EPS) vs. prior Q3 net income $12.3M ($0.80); adjusted op. net income $11.9M ($0.77).
- Sold $493.6M par of low-yield securities (1.20%), realized $50.6M loss; proceeds reinvested at higher yields.
- Announced merger with Rockhold Bancorp/Bank of Kirksville ($406M assets, $122M loans, $344M deposits); expected close Q1 2024.
- Loans held for investment grew $50.8M (6.1% annualized); deposits up $63.3M; tangible book value $25.37 vs $23.09 in Q3.
- Nonperforming assets $26.5M (0.5% of assets); Classified assets / risk cap 7.1%; ACL 1.31% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024007022/0000950170-24-007022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024007022/eqbk-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007022

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