Equity Bancshares closes Frontier merger; pro forma assets $7.8B, EPS $1.29

EQUITY BANCSHARES INC

Total consideration ~$131.6M: 2.22M shares at $44.65/share plus $32.5M cash.
Pro forma combined assets $7.76B, loans $5.46B, deposits $6.30B.
Pro forma net income $26.7M for 2025; diluted EPS $1.29, basic EPS $1.30.
Goodwill increased to $111.4M; $11.0M core deposit intangible added.
Deal effective January 1, 2026; Frontier was a Subchapter S corporation.

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