Successful Merger with NBC
Equity Bancshares completed its merger with NBC, adding $665 million in loans and $808 million in deposits, expanding its footprint in Oklahoma.
Subordinated Debt Raise
Closed a $75 million subordinated debt raise to support future growth initiatives.
Strategic Expansion into Nebraska
Announced a definitive merger agreement with Frontier Holdings, expanding into Nebraska, including markets in Omaha and Lincoln.
Net Interest Margin Improvement
Net interest margin improved by 28 basis points to 4.45% compared to the linked quarter.
Non-Interest Income Increase
Non-interest income, excluding portfolio impacts, rose to $8.9 million, up $300,000 from Q2 due to improved customer service charges.