Equity BancShares Inc (NYSE:EQBK), the Wichita-based holding company of Equity Bank, stock fell 2.16% (As on October 15, 11:30:42 AM UTC-4, Source: Google Finance) after the company reported a net loss of $29.7 million or $1.55 per diluted share for the quarter ended September 30, 2025. The company continued to execute in the third quarter of 2025 as it closed and integrated the merger with NBC, announced a definitive agreement with Frontier Holdings LLC (“Frontier”), reissued subordinated debt, repositioned the remainder of the investment portfolio. For the third quarter 2025, net interest margin was 4.45%, expanding 28 basis points linked quarter. Normalizing for acquisition accounting accretion at 12 basis points and removing the benefit of nonaccrual loans, margin would have been 4.35%. The opening balance sheet contributed $664.6 million in loan balances and $807.1 million in deposit balances.

Moreover, Book value per share increased to $37.25 from $36.27, while tangible book value per share decreased to $31.69 from $32.17, or 1.5%. Tangible common equity to tangible common assets closed the quarter at 9.69%. During the quarter, the Company sold $436.3 million in fair value of securities, realizing a pre-tax loss of $53.4 million. Proceeds of the sale have been re-deployed in securities or held in cash improving yield on the underlying assets from approximately 2.20% to 5.00%. Loan balances closed the period at $4.3 billion, while average loan balances for the quarter were $4.2 billion. Excluding the net impact of loans acquired from NBC, loans grew during the quarter by $3.3 million and $103.2 million year to date. Including NBC balances, loans are up 18.5% in the quarter and 21.9% year to date. Deposit balances, excluding NBC and brokered accounts, increased $37.2 million. Brokered deposits declined from 3.26% of total deposits to 3.00%. During the quarter, the Company realized net charge-offs of $1.1 million, or 0.10% annualized. Year to date net charge-offs were $1.8 million, or 0.06% annualized. Reserves closed the quarter at 1.25% of outstanding balances, materially consistent quarter over quarter.

EQBK in the third quarter of FY25 has reported the adjusted earnings per share of $1.17, beating the analysts’ estimates for the adjusted earnings per share of 95 cents. The company had reported the adjusted revenue growth of 35.9 percent to $71.4 million in the third quarter of FY25, beating the analysts’ estimates for revenue of $69.66 million. Net interest income was $62.5 million for the period, as compared to $49.8 million in the previous quarter. Average interest-bearing liabilities as a percentage of average interest earning assets declined to 74.2%, while total average interest earning assets increased $783.2 million during the quarter. Nonperforming assets were $52.6 million, or 0.8% of total assets, compared to $45.7 million as of the end of the previous quarter, or 0.9% of total assets. Non-accrual loans were $48.6 million, as compared to $42.6 million at the end of the previous quarter. Tangible book value per share closed the quarter at $605.6 million and $31.69, down from $32.17 linked quarter.

Additionally, the Company announced a $0.18 dividend on outstanding common shares as of September 30, 2025, a 20% increase relative to the prior quarterly dividend. the Company also renewed the share repurchase program for the period beginning October 1, 2025 and ending September 30, 2026.