---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-289533"
form_type: "8-K"
ticker: "EQBK"
cik: "0001227500"
company_name: "EQUITY BANCSHARES INC"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:53:11.121496+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Equity Bancshares to acquire Bank of Kirksville for $44.3M cash; also sells $442M bond portfolio to boost earnings

## Summary
- Equity Bancshares (EQBK) to acquire Rockhold BanCorp (Bank of Kirksville) for $44.3M cash; expected close Q1 2024.
- Acquisition expected to be $0.36 or 12% accretive to 2024 EPS; tangible book value earn back ~1.3 years.
- Bank of Kirksville had $406M assets, $344M deposits, $122M loans as of Sep 30, 2023; will add 8 locations.
- Sold $442M of AFS securities with 1.33% yield, realizing $38.2M after-tax loss; proceeds to be redeployed at >5% yield.
- Bond repositioning expected to generate $16.2M additional annual interest income, $0.81 EPS accretion in 2024.

## SEC filing metadata
- accession: 0001193125-23-289533
- form_type: 8-K
- ticker: EQBK
- cik: 0001227500
- company_name: EQUITY BANCSHARES INC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227500/000119312523289533/0001193125-23-289533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227500/000119312523289533/d927304d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-289533
- JSON: https://secwatch.observer/filing/0001193125-23-289533.json
- Plain text: https://secwatch.observer/filing/0001193125-23-289533.txt

## Key facts
- Material Agreements
  EQUITY BANCSHARES INC entered into Agreement and Plan of Merger with Rockhold BanCorp valued at aggregate merger consideration payable is $44,304,000 in cash (effective 2023-12-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: Rockhold BanCorp
  - Value: aggregate merger consideration payable is $44,304,000 in cash
  - Effective: 2023-12-05
  source text: On December 5, 2023, Equity Bancshares, Inc. (the “Company”), a Kansas corporation and the parent company of Equity Bank (“Equity Bank”), a Kansas state bank, entered into an Agreement and Plan of Merger (the “Agreement”), by and among the Company, Truman Merger Sub, Inc. (“Merger Sub”), a Missouri corporation and a wholly owned subsidiary of the Company, Rockhold BanCorp (“Rockhold”), a Missouri corporation and the parent company of Bank of Kirksville (“Bank of Kirksville”), a Missouri state bank, and Rennetta Rockhold, in her capacity as trustee of, and on behalf of, The Rockhold BanCorp Stock Trust, a trust created under the laws of the State of Missouri and the sole shareholder of Rockhold (the “Rockhold Trust”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227500/000119312523289533/0001193125-23-289533-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.