---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-193355"
form_type: "8-K"
ticker: "EQBK"
cik: "0001227500"
company_name: "EQUITY BANCSHARES INC"
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:44:32.797882+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Equity Bancshares acquires Frontier Holdings for 2.22M shares + $32.5M cash; also repositions bond portfolio

## Summary
- EQBK to acquire Frontier Bank ($1.4B assets, 7 NE branches); expected Q4 2025 close upon regulatory/member approvals.
- Total consideration: 2,220,000 EQBK shares plus $32.5M cash subject to minimum equity adjustments; ~75% stock.
- Transaction expected to be 7.7% ($0.34) accretive to 2026 EPS; TBV dilution earned back in less than three years.
- Sold ~$358.8M securities (2.18% yield) for ~$31.6M after-tax loss; proceeds redeployed at >4.75% yield.
- Bond repositioning estimated to add $7.4M annual interest income, $0.27 EPS accretion in 2026; neutral to TCE.

## SEC filing metadata
- accession: 0001193125-25-193355
- form_type: 8-K
- ticker: EQBK
- cik: 0001227500
- company_name: EQUITY BANCSHARES INC
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227500/000119312525193355/0001193125-25-193355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227500/000119312525193355/d81587d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-193355
- JSON: https://secwatch.observer/filing/0001193125-25-193355.json
- Plain text: https://secwatch.observer/filing/0001193125-25-193355.txt

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