secwatch.observer — SEC 8-K summary
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Issuer:     EQUITY BANCSHARES INC (EQBK)
CIK:        0001227500
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000950170-24-046476
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equity Bancshares to acquire KansasLand Bank for $100k cash, adding 2 KS branches
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- Deal value is $100,000 in cash; KansasLand has $54.5M assets, $45.4M deposits as of Dec 2023.
- Expected to close Q2 2024; pro forma Equity will have $5.3B assets and 73 locations.
- Estimated 2024E EPS accretion of $0.03 (0.71%) and 2025E EPS accretion of $0.05 (1.09%).
- TBVPS earnback estimated at approximately 0.28 years.
- Equity will rank No. 1 in Gove County, KS deposit market share after the merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024046476/0000950170-24-046476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227500/000095017024046476/eqbk-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-046476

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