Equity Bancshares Q2 adj. EPS $0.99; NIM expands to 3.94%; closes KansasLand merger

EQUITY BANCSHARES INC

2024-Q2 EPS reported $1.67

Q2 GAAP EPS $0.76; adjusted EPS $0.99 (excl. $2.3M merger costs and $1.7M BOLI surrender costs).
Record net interest income of $46.5M; net interest margin expanded to 3.94% from 3.75% in Q1.
Closed merger with KansasLand Bancshares on July 1, 2024, adding to Kansas franchise.
Repurchased 152,982 shares at avg $33.35; 637,427 shares remain under buyback plan.
Nonperforming assets remain low at 0.5% of total assets; allowance for credit losses 1.3%.

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