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3rdQuarter 2026 Financial ResultsOctober 14, 2026
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Equity Bancshares, Inc. | 2 Forward Looking StatementsThis presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and are intended to be covered by the safe harbor provisions providedby the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements reflect the current views of Equity’s management with respect to, among other things, future events and Equity’s financial performance. These statements are often, butnot always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “project,” “forecast,” “goal,” “target,” “would”and “outlook,” or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equity’s industry,management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equity’s control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performanceand are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from theresults expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equity’s expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade,monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumerspending, borrowing and savings habits; and acquisitions and integration of acquired businesses; and similar variables. The foregoing list of factors is not exhaustive. In addition, the following factors, among others, related to the transaction between Equity and LincolnBancorp (“Lincoln”) could cause actual outcomes and results to differ materially from forward-looking statements or historical performance: the possibility that the anticipated benefits of the transaction will not be realized when expected or at all, including as a result of theimpact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where companies do business; the possibility that the transaction may be more expensive to complete thananticipated, including as a result of unexpected factors or events; Lincoln and Equity’s ability to obtain required governmental approvals of the proposed transaction on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditionsthat could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transaction; the failure to obtain the necessary approvals by the shareholders of Lincoln; the failure to satisfy otherconditions to completion of the proposed merger, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; diversion of management’sattention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the transaction; the business, economic and political conditions in the markets inwhich the parties operate; the risk that the proposed combination could have an adverse effect the parties’ ability to retain customers and retain or hire key personnel and maintain relationships with customers; the risk that the combination may be more difficult, time-consuming or expensive than anticipated; and other factors that may affect future results of Equity.For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Equity’s Annual Report on Form 10-K filed with the Securities and ExchangeCommission on March 6, 2026, as amended, and any updates to those risk factors set forth in Equity’s subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equity’sunderlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which itis made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time, and it is not possible for us topredict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equity’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this presentation are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written ororal forward-looking statements that Equity or persons acting on Equity’s behalf may issue.ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND ITIn connection with the proposed transaction with Lincoln, Equity filed with the SEC a registration statement on Form S-4 to register the shares of Equity’s Class A common stock to be issued to the shareholders of Lincoln. The registration statement includes a proxystatement/prospectus, which will be sent to the shareholders of Lincoln seeking their approval of the proposed transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE PROXY STATEMENT/PROSPECTUSINCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANTINFORMATION ABOUT EQUITY, LINCOLN AND THE PROPOSED TRANSACTION. The documents filed by Equity with the SEC may be obtained free of charge at Equity’s investor relations website at investor.equitybank.com or at the SEC’s website at www.sec.gov.Alternatively, these documents, when available, can be obtained free of charge from Equity upon written request to Equity Bancshares, Inc., Attn: Investor Relations, 7701 East Kellogg Drive, Suite 300, Wichita, Kansas 67207 or by calling (316) 612-6000.NO OFFER OR SOLICITATIONThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation ofany vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and otherwise in accordance with applicable law.NON-GAAP FINANCIAL MEASURESThis presentation contains certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of this presentation. Numbers inthe presentation may not sum due to rounding.
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Equity Bancshares, Inc. | 3 3rdQuarter 2026 |Financial Highlights 1) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation.2) Excludes Day 2 Merger provision of $6.1M in Q1 2026 12.71%Return onAverage Equity1.43%Return on Average Assets$1.29Earnings PerDiluted Share$26.8MNet IncomeQ1 2026Q2 2026Q3 2026Key Performance Metrics$0.80 | $1.32$1.27 | $1.41$1.29 | $1.40Earnings Per Diluted Share | Core Earnings Per Share1Earnings & Profitability$39.37 | $32.58$40.22 | $33.45$39.59 | $32.93Book Value Per Share | TBV Per Share1 $17.0M | $28.0M$26.4M | $29.4M$26.8M | $29.1MNet Income | Core Net Income1 4.33%4.36%4.20%Net Interest Margin56.68%53.38%53.99%Efficiency Ratio1 0.92% | 1.52%1.45% | 1.61%1.43% | 1.56%ROAA | Core ROAA1 8.17% | 16.10%12.86% | 17.17%12.71% | 16.51%ROAE | Core ROATCE1 $5.43B$5.41B$5.44BGross LoansBalance Sheet & Capital$6.30B$6.30B$6.17BTotal Deposits10.66% | 8.99%10.71% | 9.07%10.75% | 9.10%Total Equity / Total Assets | TCE / TA1 11.54%11.84%12.15%CET 1 Capital Ratio14.36%14.66%14.94%Total Risk-based Capital Ratio$(0.1)M2$1.3M$1.7MProvision for Credit LossesAsset Quality0.10%0.12%0.15%NCOs / Avg. Loans0.76%0.86%0.99%NPAs / Total Assets12.00%11.82%10.42%Classified Assets / Regulatory Capital
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Equity Bancshares, Inc. | 4 Equity Bancshares, Inc.| M&A Overview SCALE14C o m p l e t e d B a n k A c q u i s i t i o n s S I N C E I P O20022008 2015 2026GROWTH4 a c q u i s i t i o n sIPO$380M$1.6BEst.Strategic Execution Of Acquisitions Since IPO$5.524$5.084$1.55Core Earnings Per Share2 $7.7B$9.1BSTART-UP4 a c q u i s i t i o n s14Total Closed Acquisitions17.12%Asset CAGR Since IPO311.39%Core EPS CAGR Since IPO3 Overview$972MMarket Capitalization1$6.2BTotal Deposits$5.4BGross Loans$7.6BTotal Assets$32.93Tangible Book Value Per Share214.94% Total Risk-Based Capital12.15%Common Equity Tier 19.10%Tangible Common Equity / Tangible Assets2 1) Market Capitalization as of 9/30/20262) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation.3) Compound Annual Growth Rate is pro forma as of 2026 year-end with the inclusion of Lincoln Savings Bank4) 2026 EPS estimate is based on street consensus. EPS inclusive of Lincoln is 2027 consensus estimate plus the impact of the transaction ($0.27)
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Equity Bancshares, Inc. | 5 Brad ElliottChairman & CEOEquity Bancshares, Inc.Founded Equity Bank in 2002 and has led the organization to nearly $8B in assets through disciplined organic growth and over a dozen strategic acquisitions. Named a 2018 EY Entrepreneur of the Year National Finalist and recognized as Most Influential CEO by the Wichita Business Journal in 2014. Rick SemsChief Executive OfficerEquity BankEquity Bank CEO since May 2024, having joined as President in May 2023. Prior to Equity, Rick served as Chief Banking Officer of First Bank in St. Louis and as President & CEO of Reliance Bank, bringing deep commercial banking leadership to the organization.Chris NavratilChief Financial OfficerChief Financial Officer since August 2023. Previously served as Bank CFO and spent seven years within the Financial Institution Audit Practice at Crowe LLP, bringing rigorous financial reporting and regulatory expertise to the executive team.Julie HuberChief Operating OfficerChief Operating Officer since May 2024. Held a variety of senior leadership roles at Equity Bank overseeing operations, HR, compliance, and sales and training. Served as the primary integration lead for each of the bank's acquisitions.Brett ReberGeneral CounselPrior to joining Equity Bank, served as Managing Member of Wise & Reber, L.C. Brett has practiced corporate and business law for more than 30 years, providing legal counsel across the full spectrum of the bank's corporate, regulatory, and transactional matters.Krzysztof SlupkowskiChief Credit OfficerChief Credit Officer since September 2023. Previously served as Metro Market CCO at Equity Bank since 2018 and held various credit leadership roles at Commerce Bancshares, bringing strong portfolio risk discipline to the organization.David PassChief Information OfficerPreviously served in senior IT leadership positions at UMB Financial Corporation and CoBiz Financial, overseeing technology strategy, core systems, and digital infrastructure across complex multi-bank organizations. Equity Bancshares, Inc.| Leadership Team
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Equity Bancshares, Inc. | 6 Our Value Proposition Our guiding principles and commitment toentrepreneurial spiritare part of our longstanding framework for delivering shareholder value Organic GrowthStrategic Mergers & AcquisitionsDisciplined Credit StandardsEffective Balance Sheet & Capital ManagementEPS & Tangible Book Value Growth
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Equity Bancshares, Inc. | 7 $33.45$1.30-$1.71-$0.22$0.09$0.02$32.93 $15.97$32.93 2 0 1 5 Q 3 2 0 2 6 Tangible Book Value Per Share | IPO to CurrentTangible Book Value Per Share | Quarter over Quarter WalkTangible Book Value Per Share16.96%TBVPS CAGR Q2 2026 Q3 2026 1) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation.
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Equity Bancshares, Inc. | 8 14.30%15.56%16.10%17.17%16.51%14.91%10.77%16.59%16.10%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026ROATCE - Core ROATCE - Actual 1.51%1.57%1.52%1.61%1.56%1.43%0.92%1.45%1.43%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026ROAA - Core ROAA - Actual 9.68%9.94%8.99%9.07%9.10%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 202658.31%59.98%56.68%53.38%53.99%2.71%2.82%2.57%2.43%2.42%3.20%3.01%2.99%2.57%2.58%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Efficiency RatioNIE:Avg Assets - CoreNIE:Avg Assets - Actual1) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation.2) Q3 2025 actual figures not considered meaningful due to the loss from securities repositioning Return on Average Assets1Return On Average Tangible Common Equity1Tangible Common Equity / Tangible Assets1Efficiency Ratio & NIE to Average Assets1 Performance Metrics
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Equity Bancshares, Inc. | 926,439 1,142 (2,173)(353)1,223 1,623 (834)(395)102 26,774 2,290 29,064 Net IncomeInterest IncomeInterest ExpensePCLG/(L) on Sec.Nonint. IncomeMerger ExpensesOther NIEIncome TaxNet IncomeCore AdjustmentsCore Net IncomeQuarteroverQuarterWalkNet Income 1) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation.1Q2 2026 Q3 20261 Net interest income was $72.8 million, down from $73.9 million in the prior quarter. A rising cost of funds and a lower yield on earning assets drove the decline.Margin for the quarter was 4.20%, down from 4.36% in the prior quarter. Average earning assets grew $78.0 million, driven by investment purchases funded with borrowings, which added to the margin decline.Period-end loan balances were $50.2 million above the quarterly average. Together with the full-period effect of the FOMC's September rate increase, we expect this to offset deposit pricing competition and return margin to 4.25% to 4.35% in the fourth quarter, excluding the impact of Lincoln.Total non-interest income was $10.9 million, up $2.8 million from the prior quarter. Excluding prior-quarter one-time items, it rose $0.6 million.Service charges and fees, treasury services, card income, mortgage and trust and wealth management drove the growth. Excluding securities gains and losses, income is up $2.0 million, or 22.9%, year over year.Excluding Lincoln, we expect fourth quarter non-interest income of $10.0 million to $11.0 million.Total non-interest expense was $48.1 million, compared to $46.9 million in the prior quarter. Excluding merger expenses in both periods, expense was $47.2 million, up from $46.8 million.Non-interest expense to average assets was effectively flat at 2.58%, down from 3.20% in the same period last year. The efficiency ratio was 58.61%.Excluding Lincoln, we expect fourth quarter non-interest expense of $47 million to $48 million.Non-Interest ExpenseNon-Interest IncomeNet Interest Income
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Equity Bancshares, Inc. | 10 $62,485$63,502$73,664$73,872$72,841$8,873$9,378$9,595$9,271$10,8944.454.474.334.364.20Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net Interest IncomeNoninterest IncomeNet Interest Margin (%) 0.58%0.61%0.52%0.51%0.59%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Noninterest Income / Average Assets12.43%12.87%11.52%11.15%13.01%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Noninterest Income / Operating RevenueProfitability 1) Noninterest income is adjusted to exclude any gain/(loss) on securities transactions Profitability Ratios1Revenue Composition1
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Equity Bancshares, Inc. | 11$73,873 $1,216 ($908)$812 ($894)($1,258)$72,841 Net Interest IncomeIE AssetsIB LiabilitiesDay CountCost of FundsYieldNet Interest IncomeNet Interest Income: Quarter over Quarter WalkNet Interest MarginQ u a r t e r o v e r Q u a r t e r Net Interest Margin 4.36%Q24.20%Q3Q2 2026Q3 2026 1.98%1.88%2.00%1.98%2.05%2.58%2.43%2.51%2.46%2.53%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Cost of DepositsCost of IB Deposits6.79%6.62%6.45% 6.45%6.40%4.21%4.92%4.99%5.21%4.92%6.48%6.39%6.35%6.36%6.29%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Loan CouponSecurities YieldTotal EA YieldYield Analysis1Cost Analysis 1) Loan Coupon exclusive of the impact of derivatives, purchase accounting, non-accrual, mortgage premium amort, and loan fees
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Equity Bancshares, Inc. | 12 55%18%13%8%5%2% 22%4%19%22%28%4%$6.2BTotal DepositsLoan CompositionDeposit CompositionPerformance Highlights 10.42%Classified Assets / Reg. Capital0.15%NCOs /Average Loans6.40%Loan CouponYield16.72%Yield on TotalLoans2.53%Cost ofInt-bearingDeposits2.05%Cost of TotalDeposits91.47%Core Dep. /TotalDeposit88.28%Loan-to-DepositRatio Balance Sheet 1) Loan Coupon exclusive of the impact of derivatives, purchase accounting, non-accrual, mortgage premium amort, and loan fees Noninterest-bearingTime < 100KTime > 100KSavingsMoneyMarketInterest-bearingCommercialReal-estateCommercial & IndustrialRes. REAg. REAg.Consumer22.5% 22.4%20.2%18.6% 18.7%56.6%58.5%55.6%54.7%54.9%20.9%19.2%24.2%26.7%26.4%83.8%81.7%86.2%85.8%88.3%Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026NIB DepositsIB Dem, MMKT, SAVTimeLoan to Deposit RatioTrending Loan-to-Deposit Ratio$5.4BTotal Loans
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Equity Bancshares, Inc. | 13 Asset Quality Trends $29.4 $17.6 $25.0 $27.1 $40.3 $41.6 $40.3 $44.6 $60.5 $69.0 $7.0 $7.9 $36.4 $0.6 $1.2 $7.5 $3.8 $1.2 $3.8 $3.0 $2.9 $4.0 1.28%0.37%0.53%0.65%0.73%0.83%0.73%0.76%0.86%0.99%2021 2022 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026MillionsNonperforming AssetsNonaccruals Nonaccruals - NBC Oklahoma Nonaccruals - FrontierOREO & Other Repo. AssetsNPAs / Assets 0.30%0.08%0.13%0.11%0.06%0.10%0.07%0.10%0.12%0.15%$8.65 $2.64 $4.20 $3.80 $2.54 $1.10 $0.70 $1.38 $1.66 $2.09 2021 2022 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Net Charge-Offs / Total LoansNCOs / Average Loans (Annualized)NCOs ($ millions)QuarterlyAnnualQuarterlyAnnual
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Equity Bancshares, Inc. | 14 Asset Quality Trends 1.53%1.38%1.31%1.24%1.26%1.25%1.26%1.18%1.19%1.18%0.12%0.05%0.04%0.05%0.08%0.45%0.41%0.59%0.54%0.47%1.65%1.43%1.35%1.29%1.33%1.70%1.67%1.77%1.73%1.65%2021 2022 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Total Reserve RatioPurchase DiscountAllowance for Credit Losses25.34%9.98%7.09%12.00%12.06%12.37%12.06%12.00%11.82%10.42%2021 2022 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Classified AssetsClassified Assets / Regulatory CapitalQuarterlyAnnualQuarterlyAnnual
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Equity Bancshares, Inc. | 15 2.00%7.00%8.50%10.50%4.00%9.10%12.15%12.56%14.94%10.18%TCE CET 1 TIER 1 TRBC LEVERAGE$0.36$0.44$0.54$0.66$0.5810.26% 88.35% 13.91% 54.20% 17.16%2022 2023 2024 2025 2026YTD1) Non-GAAP Financial Measure. Refer to the Non-GAAP reconciliation at the end of this presentation. M i n i m u m R e q u i r e dE Q B K 1,031669363356711$32.19 $26.55$32.71$39.33 $44.842022 2023 2024 2025 2026YTDShares Repurchased & Weighted Avg. Price Per ShareDividends Declared Per Share & Dividend Payout Ratio1 Thousands Capital PrioritiesMaintain well capitalized regulatory levelsCapacity for organic growthDividend payout ratio targeted at 10-20%Mergers & acquisitionsCommon stock repurchasesCapital Management
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Equity Bancshares, Inc. | 16 Deploying Technology & AI 16 L i v eI N P R O D U C T I O N · 1 H 2 0 2 6✓ Retail AI Assistant – internal use✓ Human Resources AI Assistant✓ Loan Review – streamlining production to focus effort on review and decisioning✓ Third Party Risk Management – automate diligence review production and round-the-clock monitoring✓ Financial crime initial reviewsI n P r o c e s sB U I L D I N G N O W✓ Customer Care AI Assistant – internal use✓ Operations AI Assistant✓ Credit spread & narrative production for loan packets. Reduce time to produce and focus effort on review and decisioning.✓ Acquired and Target loan portfolio review – automate line sheet documentation to focus effort on review and decisioning.A I - L I C E N S E D U S E R SO T H E R S O L U T I O N SN e x t P h a s eO N T H E R O A D M A P✓ Small business loan process automation✓ SAR narratives – streamline production and focus effort on review and validation 160 739 A I G O V E R N A N C EC O M M I T T E E✓Centralized oversight of how AI is built, deployed & used✓Reviews new use cases; validates models & vendors✓Approves all AI output; a human in the loop at every step✓Captures efficiency gains with full risk & regulatory discipline I m p a c tM E A S U R E D R E S U L T S T O D A T E35-40%F A S T E R L O A N R E V I E WLegacy Equity portfolio~$500KP L A C E M E N T F E E S A V I N G SAI-assisted talent sourcing~5 minI N I T I A L R I S K R E V I E WThird party risk management
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Equity Bancshares, Inc. | 171) Core Non-interest Income is exclusive of gain / (loss) on securities transactions2) Core Non-interest Expense is exclusive of merger expenses3) All forward looking statements in the Q4 2026 outlook exclude the addition of Lincoln Savings Bank Forward LookingQ4 2026$6,175 – 6,275M$5,475 – 5,575M$6,850 – 6,950M4.25 – 4.35%$1-3M$10-11M$47-48M21.5 – 22.5% Outlook on Key Business Drivers NOTE: Figures presented in this outlook represent forward-looking statements and are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Please see Special Note Concerning Forward-Looking Statements and Focus Variables for Outlook and Forecast 3RDQuarter 2026ResultsAvg. Deposits$6,104MAvg.Gross Loans$5,394MAvg. Earning Assets$6,873MNet Interest Margin4.20%Provision For Credit Losses$1.7MCore Non-interest Income1$10.9MCore Non-interest Expense2$47.1MEffectiveTax Rate21.2%
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Equity Bancshares, Inc. | 18 Economic EnvironmentBusiness activity creates opportunity for lending and deposit growth. Current macro-environment response and resolution will be a significant driver.Customer NeedsDirectly related to credit quality as well as trust in our business.Cost of FundingImpacts rates on our product offerings and applies pressure to earnings.Must be able to manage cost and profit yields effectively.Competitive MarketProviding customers with rates and services that are competitive with our peers.Irrational operators may have short term impact on opportunities.Investment OpportunitiesGrowth strategy must be flexible to the other variables that affect our investment options.Political EnvironmentU.S. politics affect banking regulations, international relationships, tax policies and more. Focus Variables for Outlook & Forecast
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Equity Bancshares, Inc. | 19 Our Markets NebraskaKansasIowaEQBKLincoln Market ShareKansas3.93%Market Share$2.5BMarket Deposits#6Market RankOklahoma1.53%Market Share$1.3BMarket Deposits#10Market RankMissouri1.50%Market Share$1.0BMarket Deposits#8Market RankNebraska2.12%Market Share$1.1BMarket Deposits#9Market RankArkansas2.56%Market Share$319MMarket Deposits#10Market RankIowa15.17%Market Share$1.5BMarket Deposits#6Market Rank Market Footprint1 Equity Bancshares HeadquartersSource: S&P Capital IQ, Deposit Market data as of 6/30/26. Market rank is based on counties with a EQBK physical presence.1) Iowa includes EQBK positioning with Lincoln Savings Bank after the anticipated close of the acquisition in Q4 2026
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Non-GAAPReconciliations
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Equity Bancshares, Inc. | 21 Quarter EndedSeptember 30, 2025December 31, 2025March 31, 2026June 30, 2026September 30, 2026$711,892$732,054$817,610 $827,258 $815,954 Total stockholder's equity (77,573) (82,101) (104,958)(105,356)(105,356)Goodwill (22,895) (21,634) (30,536)(28,296)(26,485)Core deposit intangibles, net (5,778) (5,703) (5,629)(5,553)(5,476)Naming rights, net $605,646$622,616$676,487 $688,053 $678,637 Tangible Common Equity 19,111,084 18,944,987 20,767,02320,567,00920,610,134Common shares outstanding at period end 19,279,741 19,196,160 20,946,92420,811,44820,805,774Diluted common shares outstanding at period end $37.25$38.64$39.37 $40.22 $39.59 Book value per common share $31.69$32.86$32.58 $33.45 $32.93 Tangible book value per common share $31.41$32.43$32.30 $33.06 $32.62Tangible book value per diluted common share $6,365,631$6,373,172$7,667,370 $7,725,621 $7,591,137 Total assets (77,573) (82,101) (104,958)(105,356)(105,356)Goodwill (22,895) (21,634) (30,536)(28,296)(26,485)Core deposit intangibles, net (5,778) (5,703) (5,629)(5,553)(5,476)Naming rights, net $6,259,385$6,263,734$7,526,247 $7,586,416 $7,453,820 Tangible assets 11.18%11.49%10.66%10.71%10.75%Total stockholders' equity to total assets 9.68%9.94%8.99%9.07%9.10%Tangible common equity to tangible assets Non-GAAP reconciliationsC a l c u la t io n s o f t a n gi b le c o m m on e qu i t y a nd r e l a t e d m e a su re s($ in thousands, except per share data)
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Equity Bancshares, Inc. | 22 Quarter EndedSeptember 30, 2025December 31, 2025March 31, 2026June 30, 2026September 30, 2026$715,319$725,651$841,838 $824,633 $835,551 Total average stockholders' equity (95,046) (108,779) (141,742)(140,081)(138,093) Average intangible assets $620,273$616,872$700,096 $684,552 $697,458 Average tangible common equity (29,663) 22,084 16,96626,439 26,774 Net income (loss) allocable to common stockholders -----Net gain on acquisition53,352(154)1081,213 (10) Net (gain) loss on securities transactions 6,1631,4815,725133 967 Merger expenses-----Loss on debt extinguishment6,228-6,099--Day 2 Merger provision1,3121,3902,0562,369 1,942 Amortization of intangible assets (14,082)(571)(2,937)(780)(609) Tax effect of intangible assets amortization$23,310$24,230$28,017 $29,374 $29,064 Core net income (loss) allocable to common stockholders (16.45)%12.07%8.17%12.86%12.71%Return on total average stockholders' equity (ROAE) annualized $620,273$616,872$700,096 $684,552 $697,458 Average tangible common equity 26,4871,0732,4761,4681,145Average impact from core earnings adjustments$646,760$617,945$702,572 $686,020 $698,603 Core average tangible common equity(18.31)%14.91%10.77%16.59%16.10%Return on total average tangible common equity (ROATCE) annualized 14.30%15.56%16.10%17.17%16.51%Core return on total average tangible common equity (CROATCE) annualized $49,082$46,587$54,969 $46,885 $48,114 Non-interest expense (6,163) (1,481) (5,725)(133)(967) Merger expense (1,312)(1,390)(2,056)(2,369)(1,942) Amortization of intangible assets-----Loss on debt extinguishment$41,607$43,716$47,188 $44,383 $45,205 Adjusted non-interest expense $62,485$63,502$73,664 $73,872 $72,841 Net interest income (44,479) 9,532 9,4878,05810,904Non-interest income 53,352 (154) 1081,213 (10) Net gains (losses) from securities transactions $8,873$9,378$9,595 $9,271 $10,894 Adjusted non-interest income $71,358$72,880$83,259 $83,143 $83,735 Net interest income plus adjusted non-interest income 272.59%63.79%66.11%57.23%57.45%Non-interest expense to net interest income plus non-interest income 58.31%59.98%56.68%53.38%53.99%Efficiency ratio $6,085,064$6,141,284$7,451,709 $7,330,174 $7,408,928 Average Assets2.71%2.82%2.57%2.43%2.42%Core non-interest expense to average assets Non-GAAP reconciliationsC a l c u la t io n s o f re t ur n o n a ve ra g e t a n gi b le c om m o n e q u i t y a n d e f f ic ie nc y r a t i o($ in thousands, except per share data)
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Equity Bancshares, Inc. | 23 Quarter EndedSeptember 30, 2025December 31, 2025March 31, 2026June 30, 2026September 30, 2026(29,663) 22,084 16,96626,43926,774Net income (loss) allocable to common stockholders 1,3121,3902,0562,3691,942Amortization of intangible assets(276)(292)(432)(497)(408) Tax effect of adjustments$(28,627) $23,182 $18,590 $28,311 $28,308 Adjusted net income allocable to common stockholders53,352(154)1081,213 (10) Net (gain) loss on securities transactions6,1631,4815,725133967Merger expenses-----Loss on debt extinguishment6,228-6,099--Day 2 Merger provision(13,806)(279)(2,505)(283)(201) Tax effect of adjustments$23,310$24,230$28,017 $29,374 $29,064 Core net income (loss) allocable to common stockholders $6,085,064$6,141,284$7,451,709 $7,330,174 $7,408,928 Total average assets $715,319$725,651$841,838 $824,633 $835,551 Total average stockholders' equity 19,286,514 19,235,412 21,263,16420,825,44420,802,722Weighted Average Diluted Shares $(1.55)$1.15$0.80 $1.27 $1.29 Diluted earnings (loss) per share $1.21$1.26$1.32 $1.41 $1.40 Core earnings (loss) per diluted share (1.93)%1.43%0.92%1.45%1.43%Return on average assets (ROAA) annualized 1.51%1.57%1.52%1.61%1.56%Core return on average assets annualized (16.45)%12.07%8.17%12.86%12.71%Return on average equity (ROAE) 12.47%13.23%13.41%14.26%13.78%Core return on average equity Non-GAAP reconciliationsC a l c u la t io n s o f re t ur n o n a ve ra g e a s se t s , a v e r a ge e q u i t y a n d o p e ra t i ng i nc o m e($ in thousands, except per share data)
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