secwatch.observer — SEC 8-K summary
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Issuer:     EQUITY BANCSHARES INC (EQBK)
CIK:        0001227500
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0000950170-24-044858
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equity Bancshares Q1 net income $14.1M ($0.90 EPS); record NII $44.2M; completes Rockhold Bancorp acquisition
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- Net income $14.1M, diluted EPS $0.90; adjusted EPS $1.03 excluding $2.6M merger/provision costs.
- Record net interest income $44.2M; net interest margin expanded to 3.75% from 3.49% linked quarter.
- Completed Rockhold Bancorp (Bank of Kirksville) acquisition Feb 9, adding $118.7M loans and $349.6M deposits.
- Loans held for investment grew $149.3M linked quarter ($30.6M organic); total deposits up $225.6M.
- Repurchased 209,591 shares at $32.24 avg; 790,409 remain under buyback program. NPAs at 0.5% of assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024044858/0000950170-24-044858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024044858/eqbk-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-044858

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