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EQBK on NYSE

EQUITY BANCSHARES INC

In its 2026 annual report the company says: “We are a financial holding company headquartered in Wichita, Kansas. Our wholly-owned banking subsidiary, Equity Bank, provides a broad range of financial services primarily to businesses and business owners as well as individuals through our network of 77 branches located in Arkansas, Kansas, Missouri and Oklahoma, as of December 31, 2025.”6 Its shares trade on NYSE under the symbol EQBK.2

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Last updated Oct 21, 2026.

Overview

$22.7MNet income, fiscal 20253

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  • TickerEQBK on NYSE2
  • IndustryState Commercial Banks2
  • HeadquartersWichita, United States2
  • Incorporated inKS4
  • Business address7701 E. Kellogg Drive, Suite 300, Wichita, Ks 672074
  • Filer categoryAccelerated filer4
  • Legal formCorporation2
  • LEI549300BPQ2EJNU4WF6942
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o BRETT A. REBER, 120 W. KANSAS, 67460 Mcpherson, United States2
  • Registered withBusiness Services Division (Kansas Secretary of State), 33611852

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We are a financial holding company headquartered in Wichita, Kansas. Our wholly-owned banking subsidiary, Equity Bank, provides a broad range of financial services primarily to businesses and business owners as well as individuals through our network of 77 branches located in Arkansas, Kansas, Missouri and Oklahoma, as of December 31, 2025. As of December 31, 2025, we had, on a consolidated basis, total assets of $6.37 billion, total deposits of $5.14 billion, total loans (net of allowances) of $4.15 billion and total stockholders’ equity of $732.1 million.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.1%Return on equity3
0.61×Debt to equity3
$38.1MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Debit Card brought in 54% of the revenue EQUITY BANCSHARES INC broke down this way in fiscal 2025.

  1. Debit Card$11.4M354%up 11% from 2024
  2. Financial Service$9.3M344%down 5% from 2024
  3. Mortgage Banking$567.0K33%down 34% from 2024
Products and services by year
Products and services202320242025
Debit Card$10.3M$10.2M$11.4M
Financial Service$10.2M$9.8M$9.3M
Mortgage Banking$652.0K$861.0K$567.0K

Financial statements

Net income78910113$22.7M in 2025−37% since 2018
-$100.0M-$50.0M0$50.0M$100.0M2018: $35.8M$35.8M20182019: $25.6M$25.6M2019−29%2020: -$75.0M-$75.0M20202021: $52.5M$52.5M20212022: $57.7M$57.7M2022+10%2023: $7.8M$7.8M2023−86%2024: $62.6M$62.6M2024+701%2025: $22.7M$22.7M2025−64%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Loans, including fees$277.1M$245.8M$211.2M
Securities, taxable$38.8M$39.1M$23.9M
Securities, nontaxable$1.2M$1.6M$2.0M
Federal funds sold and other$13.7M$10.4M$9.7M
Total interest and dividend income$330.8M$296.8M$246.7M
Deposits$88.5M$90.4M$70.5M
Federal funds purchased and retail repurchase agreements$936.0K$1.2M$931.0K
Federal Home Loan Bank advances$8.2M$10.2M$3.9M
Federal Reserve Bank borrowings$1.4M$4.8M
Subordinated debt$7.2M$7.6M$7.6M
Total interest expense$104.8M$110.7M$87.7M
Net interest income$226.1M$186.2M$159.0M
Provision (reversal) for credit losses$9.0M$2.5M$1.9M
Net interest income after provision (reversal) for credit losses$217.1M$183.6M$157.1M
Increase in value of bank-owned life insurance$7.7M$5.0M$4.1M
Net gain on acquisition and branch sales$0$2.1M$0
Net gain (loss) from securities transactions-$53.2M$220.0K-$51.9M
Other$8.1M$10.6M$7.6M
Total non-interest income-$16.0M$38.8M-$19.1M
Salaries and employee benefits$84.8M$72.8M$64.4M
Net occupancy and equipment$15.8M$14.4M$12.3M
Data processing$20.3M$20.0M$17.4M
Professional fees$6.5M$6.5M$5.8M
Advertising and business development$5.2M$5.4M$5.4M
Telecommunications$2.5M$2.5M$2.0M
FDIC insurance$2.6M$2.5M$2.2M
Courier and postage$3.2M$2.6M$2.0M
Free nationwide ATM cost$2.2M$2.1M$2.1M
Amortization of core deposit intangibles$4.5M$4.3M$3.4M
Loan expense$890.0K$601.0K$540.0K
Other real estate owned and repossessed assets, net$1.0M-$7.5M$617.0K
Merger expenses$8.1M$4.5M$297.0K
Loss on debt extinguishment$1.4M$0$0
Other$15.8M$13.6M$17.2M
Total non-interest expense$174.7M$144.2M$135.6M
Income (loss) before income tax$26.4M$78.3M$2.4M
Provision (benefit) for income taxes$3.7M$15.7M-$5.4M
Net income (loss) and net income (loss) allocable to common stockholders$22.7M$62.6M$7.8M
Basic earnings (loss) per share$1.24$4.04$0.50
Diluted earnings (loss) per share$1.23$4.00$0.50

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Corporate structure

EQUITY BANCSHARES INC sits at the top of its group. 12 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of EQUITY BANCSHARES INC

  • EQUITY BANCSHARES INC Wichita, Kansas, United States
    • American State Bank Statutory Trust I Subsidiary · Delaware, United States
    • Community First (AR) Statutory Trust I Subsidiary · Connecticut, United States
    • EBAC, LLC Subsidiary · Kansas, United States
    • EBHQ, LLC Subsidiary · Kansas, United States
    • EQBK Investment Subsidiary, LLC Subsidiary · Missouri, United States
    • EQBK Reality Holdings, LLC Subsidiary · Missouri, United States
    • Equity Bank Subsidiary · Wichita, Kansas, United States
    • ERMI, LLC Subsidiary · Missouri, United States
    • FCB Capital Trust II Subsidiary · Delaware, United States
    • FCB Capital Trust III Subsidiary · Delaware, United States
    • Real Estate Investment Trust, LLC Subsidiary · Missouri, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EQUITY BANCSHARES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$181.4M3 Dec 31, 2025$156.6M3 Dec 31, 2024+15.9%
Accumulated depreciation$44.7M3 Dec 31, 2025$39.5M3 Dec 31, 2024+13.3%
Property and equipment, net$136.7M3 Dec 31, 2025$117.1M3 Dec 31, 2024+16.7%
Operating-lease assets (leased space)$3.5M3 Dec 31, 2025$3.6M3 Dec 31, 2024−2.0%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$1.0B3 Dec 31, 2025$1.0B3 Dec 31, 2024+2.6%
Debt securities held to maturity$5.2M3 Dec 31, 2025$5.2M3 Dec 31, 2024+0.6%
Loans, net of allowance$4.1B3 Dec 31, 2025$3.5B3 Dec 31, 2024+19.9%
Deposits held (banks)$5.1B3 Dec 31, 2025$4.4B3 Dec 31, 2024+17.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$82.1M3 Dec 31, 2025$53.1M3 Dec 31, 2024+54.6%
Finite-lived intangibles, net$21.6M3 Dec 31, 2025$15.0M3 Dec 31, 2024+44.5%

Properties, in its own words

Our principal executive offices are located at 7701 East Kellogg Drive, Wichita, Kansas 67207. Including our principal executive offices, as of December 31, 2025, we operated a total of 77 branches, consisting of seven branches in the Wichita, Kansas metropolitan area, six branches in the Kansas City metropolitan area, two branches in Topeka, Kansas, eleven branches in Western Missouri, eight branches in North Central Missouri, seven branches in Western Kansas, four branches in Southeast Kansas, seven branches in Southwest Kansas, five branches in Central Kansas, two branches in North Central Kansas, five branches in Northern Arkansas, one branch in the Tulsa, Oklahoma metropolitan area, six branches in Oklahoma City, Oklahoma metropolitan area, four branches in northern Oklahoma and two branches in Western Oklahoma. Most of Equity Bank’s branches are equipped with automated teller machines and drive-through facilities. We believe all of our facilities are suitable for our operational needs. The following table summarizes pertinent details of our principal executive offices and branches, as of December 31, 2025.

Address · Owned/Leased

The rest of Item 2

Principal Executive Office and Wichita Branch:

7701 East Kellogg DriveWichita, Kansas 67207 · Owned

Branches as of December 31, 2025

Owned · 69

Leased(1) · 8

(1) Included in this category is one branch in which the building is owned but the land is on a long-term lease expiring in January 2030.

Item 2 of the 10-K filed Mar 6, 2026.6

Leadership

Who has led EQUITY BANCSHARES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brad S. Elliott2015–2024
  2. Richard M. Sems2024–now

President

  1. Craig L. Anderson2021–2023
  2. Richard M. Sems2023–2024

Chief financial officer

  1. Gregory H. Kossover2015–2020
  2. Eric R. Newell2020–2023
  3. Chris M. Navratil2023–now

Chief operating officer

  1. Craig L. Anderson2018–2020
  2. Gregory H. Kossover2021–2023
  3. Julie A. Huber2025–now
20202025
Board members and other officers (44)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorC Kendrick Fergeson named Jul 29, 202567
  • DirectorKevin C Cook named Jul 29, 202567

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • American State Bank Statutory Trust I Delaware5
  • Community First (AR) Statutory Trust I Connecticut5
  • EBAC, LLC Kansas5
  • EBHQ, LLC Kansas5
  • EQBK Investment Subsidiary, LLC Missouri5
  • EQBK Reality Holdings, LLC Missouri5
  • ERMI, LLC Missouri5
  • Equity Bank Kansas5
  • FCB Capital Trust II Delaware5
  • FCB Capital Trust III Delaware5
  • Real Estate Investment Trust, LLC Missouri5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 14, 20268-K Results of operations; Regulation FD disclosure68
  2. Oct 5, 20268-K Other events69
  3. Sep 14, 20268-K Other events70
  4. Sep 3, 20268-K Entered a material agreement; Regulation FD disclosure71
  5. Aug 5, 20268-K Other events72
  6. Jul 14, 20268-K Results of operations; Regulation FD disclosure73
  7. Jun 17, 20268-K Regulation FD disclosure74
  8. May 21, 20268-K Other events75
  9. Apr 22, 20268-K Executive or director change; Shareholder vote76
  10. Apr 14, 20268-K Results of operations; Regulation FD disclosure77
  11. Mar 18, 20268-K Financial statements and exhibits78
  12. Feb 23, 20268-K Other events79
  13. Dec 5, 2024New chief executive Richard M. Sems becomes CEO15
  14. Nov 10, 2015New chief executive Brad S. Elliott becomes CEO16
  15. Aug 23, 2002Founded EQUITY BANCSHARES INC is founded2

Calendar

Coming up

  1. Around Jan 14, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 14, 2026Reported quarterly or annual results68
  2. Jul 14, 2026Reported quarterly or annual results73
  3. Apr 14, 2026Reported quarterly or annual results77
  4. Jan 21, 2026Reported quarterly or annual results80
  5. Oct 14, 2025Reported quarterly or annual results81
  6. Jul 14, 2025Reported quarterly or annual results82
  7. Apr 15, 2025Reported quarterly or annual results83
  8. Jan 22, 2025Reported quarterly or annual results84

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

466 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 91 major events, 260 insider forms, 33 large holders, 1 private raises, 60 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Oct 6, 2026425 EDGAR
  3. Oct 5, 2026S-4 EDGAR
  4. Oct 5, 20268-K EDGAR
  5. Sep 22, 2026425 EDGAR
  6. Sep 18, 2026425 EDGAR
  7. Sep 14, 20268-K EDGAR
  8. Sep 4, 2026425 EDGAR
  9. Sep 3, 2026425 EDGAR
  10. Sep 3, 20268-K EDGAR
  11. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 14, 2026SCHEDULE 13G/A EDGAR
  14. Aug 7, 202610-Q EDGAR
  15. Aug 5, 20268-K EDGAR
  16. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 31, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 30, 2026144 EDGAR
  19. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 29, 2026144 EDGAR

The 466 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

115 open-market trades by officers, directors and large owners since October 2021: 31 buys and 84 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 21, 2026Rogerson Donald ScottDirectorBuy2,000$50.00$100.0KForm 4
Aug 17, 2026Pass DavidChief Information OfficerSale147$51.31$7.5KForm 4
Jul 31, 2026Rogerson Donald ScottDirectorBuy2,000$50.25$100.5KForm 4
Jul 30, 2026Elliott Brad SChief Executive OfficerSale416$51.02$21.2KForm 4
Jul 29, 2026Elliott Brad SChief Executive OfficerSale4,165$51.12$212.9KForm 4
Jul 29, 2026Huber Julie ACOO and EVPSale2,197$51.12$112.3KForm 4
Jul 28, 2026Schlehuber Lisa AnnDirectorBuy989$50.98$50.4KForm 4
Jul 28, 2026Elliott Brad SChief Executive OfficerSale12,272$51.03$626.3KForm 4
Jul 28, 2026Huber Julie ACOO and EVPSale5,303$51.05$270.7KForm 4
Jun 11, 2026Reber Brett AGeneral CounselSale1,686$47.85$80.7KForm 4
May 6, 2026Reber Brett AGeneral CounselSale100$46.55$4.7KForm 4
Apr 29, 2026Rogerson Donald ScottDirectorBuy2,000$45.93$91.9KForm 4
Mar 19, 2026Knutson AnnChief Human Resources OfficerSale450$43.93$19.8KForm 4
Feb 23, 2026Sems Richard MChief Executive Officer, BankBuy110$45.13$5.0KForm 4
Nov 10, 2025Borck LeonDirectorBuy250$41.57$10.4KForm 4
Oct 17, 2025Borck LeonDirectorBuy250$40.32$10.1KForm 4
Aug 15, 2025Pass DavidChief Information OfficerSale145$39.21$5.7KForm 4
May 6, 2025Huber Julie ACOO and EVPSale4,000$39.10$156.4KForm 4
Feb 27, 2025Huber Julie ACOO and EVPSale1,024$42.80$43.8KForm 4
Feb 27, 2025Reber Brett AGeneral CounselSale907$42.80$38.8KForm 4

All 115 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brad S. Elliott59$858.0K$3.1M93
2025Richard A. Sems54$631.3K$1.8M93
2025Gregory H. Kossover63$366.7K$1.0M93
2025Chris M. Navratil39$400.0K$1.0M93
2025Julie A. Huber55$387.9K$1.0M93
2024Chief Executive Officer and$804.2K$3.0M93
2024Chief Executive Officer,$608.2K$1.7M93
2024Executive VicePresident and$332.7K$861.6K93
2023Chairman of the Board$779.6K$2.6M93
2023Equity Bank$377.3K$1.6M93
2023Chief Operating Officer$309.2K$731.7K93
2023Chief Financial Officer$242.9K$616.2K93

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 17, 2025Raised $75 million in a private offering of debt Form D: 44 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,529,825$74.9M0.0%+151,536
Patriot Financial Partners GP II, L.P.1,017,214$49.8M12.7%−177,149
FJ Capital Management LLC961,492$47.1M6.1%+40,418
Dimensional Fund Advisors LP770,531$37.7M0.0%+24,706
Vanguard Capital Management LLC758,531$37.2M0.0%+57,622
State Street Corp594,598$29.2M0.0%+96,515
Geode Capital Management, LLC429,363$21.0M0.0%+35,441
Manufacturers Life Insurance Company, The355,559$17.4M0.0%−2,130
Mendon Capital Advisors Corp324,569$15.9M5.6%−57,481
Curi Capital, LLC305,000$14.9M0.2%−45,000
Kennedy Capital Management LLC301,841$14.8M0.3%−8,754
Maltese Capital Management LLC282,502$13.8M2.5%−3,430
Wellington Management Group Llp268,499$13.2M0.0%−352,117
Vanguard Portfolio Management LLC159,161$7.8M0.0%+12,582
Bridgeway Capital Management, LLC157,652$7.7M0.1%+6,737
Northern Trust Corp157,359$7.7M0.0%−2,214
Charles Schwab Investment Management Inc142,668$7.0M0.0%+12,645
Morgan Stanley129,182$6.3M0.0%−12,009
American Century Companies Inc120,378$5.9M0.0%−52,805
Qube Research & Technologies Ltd116,149$5.7M0.0%+107,857
Creative Planning113,485$5.6M0.0%−1,696
Vanguard Fiduciary Trust Co111,779$5.5M0.0%+9,972
Goldman Sachs Group Inc109,035$5.3M0.0%−24,164
Citadel Advisors LLC103,087$5.1M0.0%+81,425
Empowered Funds, LLC93,761$4.6M0.0%+6,737

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How EQUITY BANCSHARES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREQUITY BANCSHARES INC1
  • CIK0001227500
  • Employer ID (EIN)72-15321886
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inKansas6
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address7701 E. Kellogg Drive, Suite 300, Wichita, KS 672071
  • Phone316-612-60001
  • Shares outstanding20,992,139 Common Class A shares; 0 Nonvoting Common Stock shares as of Feb 27, 20266
  • Public float$688.6M as of Jun 30, 20256
  • AuditorCrowe LLP, Indianapolis, Indiana PCAOB ID 173; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceApr 14, 20031
  • Filings986 in all: 4 (450), 8-K (156), 3 (50), 425 (45), 10-Q (33), SC 13G/A (30), CORRESP (18), SC 13G (15)1
    All 52 form types

    144 (13), EFFECT (13), SCHEDULE 13G/A (13), UPLOAD (13), 10-K (11), DEF 14A (11), S-4 (11), 4/A (10), S-4/A (10), DEFA14A (8), D (7), S-8 (7), 424B3 (6), REGDEX (6), ARS (4), 5 (3), 8-K/A (3), S-3 (3), SC 13D (3), SC 13D/A (3), 424B5 (2), 8-A12B (2), D/A (2), NT 10-Q (2), PRE 14A (2), REGDEX/A (2), S-1/A (2), 10-K/A (1), 25 (1), 3/A (1), 424B4 (1), CERT (1), CERTNAS (1), DRS (1), DRS/A (1), DRSLTR (1), FWP (1), NT 10-K (1), S-1 (1), S-1MEF (1), S-3ASR (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.01 per shareEQBKNew York Stock Exchange

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks EQUITY BANCSHARES INC names in Item 1A of its 10-K filed Mar 6, 2026: 74 risks under these headings, as written.6

  • Economic Risks
  • Recessionary conditions could result in increases in our level of nonperforming loans and/or reduced demand for our products and services, which could have an adverse effect on our results of operations.
  • Changes in economic conditions could cause an increase in delinquencies and nonperforming assets, including loan charge-offs, which could depress our net income and growth.
  • Unstable global economic conditions may have serious adverse consequences on our business, financial condition, and operations.
  • The value of real estate collateral may fluctuate significantly resulting in an under-collateralized loan portfolio.
  • External economic factors, such as changes in monetary policy and inflation and deflation, may have an adverse effect on our business, financial condition and results of operations.
  • Volatility in commodity prices may adversely affect our financial condition and results of operations.
  • Credit and Interest Rate Risks
  • Inability to effectively manage credit risk.
  • We could suffer losses from a decline in the credit quality of the assets that we hold.
  • A significant portion of our loan portfolio is secured by real estate, and events that negatively impact the real estate market could negatively impact our business.
  • A large portion of our loan portfolio is comprised of commercial loans that are secured by accounts receivable, inventory, equipment or other asset-based collateral, and deterioration in the value of such collateral could increase our exposure to future probable losses.
The other 64 risks
  • Our use of appraisals in deciding whether to make a loan secured by real property does not ensure the value of the real property collateral.
  • A portion of our loan portfolio is comprised of participation and syndicated transaction interests, which could have an adverse effect on our ability to monitor the lending relationships and lead to an increased risk of loss.
  • Our largest loan relationships currently make up a material percentage of our total loan portfolio.
  • We may not be able to adequately measure and limit the credit risk associated with our loan portfolio, which could adversely affect our profitability.
  • Negative developments affecting the banking industry, "contagion effects," and resulting media coverage have eroded customer confidence in the banking system.
  • Our profitability is vulnerable to interest rate fluctuations.
  • Market interest rates for loans, investments and deposits are highly sensitive to many factors beyond our control.
  • Our financial instruments expose us to certain market risks and may increase the volatility of earnings and AOCI.
  • Strategic Risks
  • Global health pandemics or outbreaks of highly contagious diseases occurring in the United States or in the geographies in which we conduct operations, could adversely affect the Company’s business operations, asset valuations, financial condition and results of operations.
  • Our financial performance will be negatively impacted if we are unable to execute our growth strategy.
  • We may not be able to identify and acquire other financial institutions, which could hinder our ability to continue to grow.
  • Our strategy of pursuing acquisitions exposes us to financial, execution, compliance and operational risks that could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • Acquisitions may disrupt our business and dilute stockholder value and integrating acquired companies may be more difficult, costly or time-consuming than we expect.
  • Operational Risks
  • We rely heavily on our management team and could be adversely affected by the unexpected loss of key officers.
  • Our business is concentrated in, and largely dependent upon, the continued growth and welfare of the general geographic markets in which we operate.
  • Difficult conditions in the market for financial products and services may materially and adversely affect our business and results of operations.
  • Our ability to grow our loan portfolio may be limited by, among other things, economic conditions, competition within our market areas, the timing of loan repayments and seasonality.
  • We may suffer losses in our loan portfolio due to inadequate or faulty underwriting and loan collection practices.
  • Several of our large depositors have relationships with each other, which creates a higher risk that one customer’s withdrawal of its deposit could lead to a loss of other deposits from customers within the relationship, which, in turn, could force us to fund our business through more expensive and less stable sources.
  • Our future profitability levels are dependent on our ability to grow and maintain deposits at competitive costs.
  • Our ability to retain bankers and recruit additional successful bankers is critical to the success of our business strategy and any failure to do so could adversely affect our business, financial condition, results of operations and growth prospects.
  • Any expansion into new markets or new lines of business might not be successful.
  • Our small to medium-sized business and entrepreneurial customers may have fewer financial resources than larger entities to weather a downturn in the economy that might impair a borrower’s ability to repay a loan and could adversely affect our financial condition and results of operations.
  • A lack of liquidity could adversely affect our financial condition and results of operations.
  • As a community banking institution, we have lower lending limits and different lending risks than certain of our larger, more diversified competitors.
  • Our financial projections are based upon numerous assumptions about future events and our actual financial performance may differ materially from our projections if our assumptions are inaccurate.
  • We depend on the accuracy and completeness of information about customers and counterparties.
  • Certain of our investment advisory and wealth management contracts are subject to termination on short notice, and termination of a significant number of investment advisory contracts could have a material adverse impact on our revenue.
  • The trust income we receive may decrease as a result of poor investment performance, in either relative or absolute terms, which could decrease our revenues and net earnings.
  • We are subject to possible claims and litigation pertaining to fiduciary responsibility.
  • We may be the subject of litigation, which would result in legal liability and damage to its business and reputation.
  • We continually encounter technological change and may have fewer resources than our competitors to continue to invest in technological improvements.
  • Our information systems may experience a failure or interruption.
  • We use information technology in our operations and offer online banking services to our customers, and unauthorized access to our or our customers’ confidential or proprietary information as a result of a cyber-attack or otherwise could expose us to reputational harm and litigation and adversely affect our ability to attract and retain customers.
  • The development and use of AI presents risks and challenges that may adversely impact the Company's business.
  • We are dependent upon outside third parties for the processing and handling of our records and data.
  • We are subject to losses due to the errors or fraudulent behavior of employees or third parties.
  • If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.
  • Changes in accounting standards could materially impact our financial statements.
  • If the goodwill that we have recorded or may record in connection with a business acquisition becomes impaired, it could require charges to earnings, which would adversely affect our business, financial condition and results of operations.
  • We may be required to repurchase mortgage loans or indemnify buyers against losses in some circumstances, which could harm liquidity, results of operations and financial condition.
  • Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
  • Risks Relating to the Regulation of Our Industry
  • We are subject to extensive regulation in the conduct of our business, which imposes additional costs on us and adversely affects our profitability.
  • Changes in laws, government regulation and monetary policy may have a material effect on our results of operations.
  • Significant changes to the size, structure, powers and operations of the federal government may cause economic disruptions that could, in turn, adversely impact our business, results of operations and financial conditions.
  • The Company faces risks related to the adoption of future legislation and potential changes in federal regulatory agency leadership, policies and priorities.
  • The CFPB has reshaped the consumer financial laws through rulemaking and enforcement of the prohibitions against unfair, deceptive and abusive business practices. Compliance with such initiatives may impact the business operations of depository institutions offering consumer financial products or services, including the Company.
  • A protracted government shutdown may result in reduced loan originations and related gains on sales and could negatively affect our financial condition and results of operations.
  • Banking agencies periodically conduct examinations of our business, including compliance with laws and regulations, and our failure to comply with any supervisory actions to which we become subject as a result of such examinations could materially and adversely affect us.
  • Our banking subsidiary may be required to pay higher FDIC insurance premiums or special assessments which may adversely affect our earnings.
  • We are subject to certain capital requirements by regulators.
  • We are subject to stringent capital requirements, which may adversely impact our return on equity or constrain us from paying dividends or repurchasing shares.
  • We may need to raise additional capital in the future, including as a result of potential increased minimum capital thresholds established by regulators, but that capital may not be available when it is needed or may be dilutive to stockholders.
  • Stockholders may be deemed to be acting in concert or otherwise in control of us and our bank subsidiary, which could impose prior approval requirements and result in adverse regulatory consequences for such holders.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We are subject to the Bank Secrecy Act and other anti-money laundering statutes and regulations, and any deemed deficiency by us with respect to these laws could result in significant liability.
  • Many of our new activities and expansion plans require regulatory approvals and failure to obtain them may restrict our growth.
  • The Federal Reserve may require us to commit capital resources to support our subsidiary, Equity Bank.
  • The laws that regulate our operations are designed for the protection of depositors and the public, not our stockholders.
  • As a bank holding company, the sources of funds available to us are limited.
  • Negative developments affecting the banking industry, and resulting media coverage in 2023 eroded customer confidence in the banking system.
  • Any regulatory examination scrutiny or new regulatory requirements arising from the recent events in the banking industry could increase the Company’s expenses and affect the Company’s operations.
  • Climate change related legislative and regulatory initiatives, have the potential to disrupt our business and adversely impact the operations and creditworthiness of our customers.
  • Risks Relating to the Company’s Common Stock
  • The market price of our Class A common stock may be subject to substantial fluctuations which may make it difficult for you to sell your shares at the volumes, prices and times desired.

Legal proceedings

From time to time we are party to various litigation matters incidental to the conduct of our business. See “NOTE 21 – LEGAL MATTERS” of the Notes to Consolidated Financial Statements under Item 8 to this Annual Report on Form 10-K for a complete discussion of litigation matters.

The opening of Item 3, Legal Proceedings.6

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