Equity Bancshare - EQBK STOCK NEWS

Equity Bancshares, the holding company of Equity Bank, has completed its acquisition of KansasLand Bancshares, the parent company of KansasLand Bank. This merger expands Equity Bancshares' presence in Kansas, specifically into Americus and Quinter. The company's proforma consolidated assets now total approximately $5.3 billion, and it operates 74 locations across Kansas, Missouri, Arkansas, and Oklahoma. The integration of KansasLand's core and digital systems is expected late in the third quarter, solidifying Equity Bank's Kansas franchise with a total of 37 banks. This acquisition marks Equity's 23rd strategic transaction since its founding in 2002 and demonstrates its ongoing commitment to growth within its home state.

Equity Bancshares (NYSE: EQBK), the parent company of Equity Bank, will announce their second quarter 2024 financial results on July 16, 2024, after market close. The company will also hold a conference call and webcast on July 17, 2024, at 10 a.m. ET to discuss the results, led by Chairman and CEO Brad Elliott and CFO Chris Navratil. Interested parties can access the live webcast on the company's investor website or register for dial-in details. A replay of the call will be available until August 1, 2024. This announcement sets the stage for stakeholders to assess the company's financial performance and future outlook.

Equity Bancshares, Inc. announced the promotions of Richard Sems as CEO of Equity Bank and Julie Huber as COO. The company aims to align for future growth, with Brad Elliott continuing as Chairman & CEO. The company has focused on organic growth and mergers since its founding in 2002, completing 23 acquisitions. Sems and Huber bring extensive experience to their new roles, driving the company and bank to new heights.

Equity Bancshares, Inc. (NYSE: EQBK) expands its footprint within its home state of Kansas by acquiring KansasLand Bank, adding two locations in Western and Central Kansas. The merger agreement aims to enhance customer service, provide access to financial products, and support economic growth in the region. The move signifies Equity's commitment to serving communities across the state and building lasting relationships with families and businesses.

Equity Bancshares, Inc. reported record net interest income and net interest margin expansion in the first quarter of 2024. The company achieved a net interest margin of 3.75% and completed a merger with Rockhold Bancorp, enhancing its Missouri franchise.

Equity Bancshares, Inc. (NYSE:EQBK) will release its first quarter results on April 16, 2024, with a conference call scheduled for April 17, 2024. Investors can access the webcast on the Company's website and participate in the call by phone.

Equity Bancshares, Inc. (NYSE: EQBK) expands its franchise by merging with Rockhold BanCorp, adding eight locations in Missouri to its four-state footprint. The merger brings Equity's total assets to approximately $5.3 billion and increases its Missouri franchise to 24 locations. The Company aims to consolidate its core banking system and digital platform by May 2024, continuing its strategic growth trajectory.

Marstone, Inc. has raised an $8M Series B financing round led by Mendon Venture Partners and South Rose Capital, alongside new investors including the Castle Creek Launchpad Fund. The round also includes existing investor Equity Bank (NYSE: EQBK). Marstone enables financial institutions to retain and generate deposits, increase non-interest income, and improve client servicing and satisfaction. The platform has been adopted by Woodforest National Bank, Equity Bank, and Red River Credit Union to deliver a modern user interface, paperless account opening, flexible goal planning, performance reporting, data aggregation, portfolio trading and rebalancing, asset allocation, risk assessment, and more. The company aims to help banks protect margins and deposits by offering digital investing and wealth planning solutions to meet customer needs via digital channels.

Equity Bancshares, Inc. announced a net loss of $28.3 million for the quarter ended December 31, 2023, primarily driven by a loss on sales of available-for-sale securities. The company reported a significant increase in loans and deposits, with a planned merger with Rockhold Bancorp. Despite the loss, the company experienced growth in stockholders' equity and tangible book value.