EQUITY BANCSHARES INC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
EQBK$49.21-0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| EQUITY BANCSHARES, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| For the Years ended December 31, 2025, 2024, and 2023 | |||
| (Dollar amounts in thousands, except per share data) | |||
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income (loss) | $22,726 | $62,621 | $7,821 |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | |||
| Stock-based compensation | 5,635 | 4,048 | 3,213 |
| Depreciation | 6,080 | 5,377 | 4,516 |
| Amortization of operating lease right-of-use asset | 491 | 475 | 604 |
| Amortization of cloud computing implementation costs | 82 | 138 | 188 |
| Provision (reversal) for credit losses | 8,953 | 2,546 | 1,873 |
| Net amortization (accretion) of purchase valuation adjustments | (6,743) | (1,997) | (618) |
| Amortization (accretion) of premiums and discounts on securities | (4,360) | (2,480) | 4,041 |
| Amortization of intangible assets | 4,783 | 4,408 | 3,518 |
| Deferred income taxes | (5,105) | 796 | (2,435) |
| Federal Home Loan Bank stock dividends | (1,037) | (1,082) | (594) |
| Loss (gain) on sales and valuation adjustments on other real estate owned | 612 | (7,906) | 218 |
| Net loss (gain) on sales and settlements of securities | 53,293 | 267 | 52,013 |
| Change in unrealized (gains) losses on equity securities | (1) | (487) | (104) |
| Loss (gain) on disposal of premises and equipment | 76 | (66) | (103) |
| Loss (gain) on lease termination | 3 | — | 173 |
| Loss (gain) on sales of foreclosed assets | (49) | 95 | 58 |
| Loss on debt extinguishment | 1,361 | — | — |
| Loss (gain) on sales of loans | (454) | 54 | (472) |
| Originations of loans held for sale | (25,003) | (34,506) | (24,964) |
| Proceeds from the sale of loans held for sale | 24,578 | 37,441 | 24,967 |
| Increase in the value of bank-owned life insurance | (7,717) | (4,966) | (4,059) |
| Change in fair value of derivatives recognized in earnings | 176 | (95) | 522 |
| Gain on acquisition and branch sales | — | (2,131) | — |
| Payments on operating lease payable | (615) | (612) | (915) |
| Net change in: | |||
| Interest receivable | 2,520 | (614) | (4,867) |
| Other assets | (17,908) | 11,224 | 6,166 |
| Interest payable and other liabilities | (11,012) | 1,297 | 5,767 |
| Net cash provided by operating activities | 51,365 | 73,845 | 76,527 |
| Cash flows (to) from investing activities | |||
| Purchases of available-for-sale securities | (795,532) | (183,909) | (510,224) |
| Purchases of held-to-maturity securities | — | (3,188) | (275) |
| Proceeds from sales, calls, pay-downs and maturities of available-for-salesecurities | 819,902 | 288,344 | 789,390 |
| Proceeds from calls, pay-downs and maturities of held-to-maturity securities | 27 | 226 | 17 |
| Net change in interest-bearing time deposits | (9) | — | — |
| Net change in loans | 30,537 | 16,236 | (23,715) |
| Purchase of government guaranteed loans | (61,987) | (49,086) | (1,235) |
| Capitalized construction cost of other real estate owned | — | — | (562) |
| Purchase of premises and equipment | (13,253) | (8,493) | (15,575) |
| Proceeds from sale of premises and equipment | 448 | 706 | 163 |
| Proceeds from sale of foreclosed assets | 5,639 | 928 | 110 |
| Net redemptions (purchases) of Federal Home Loan Bank and Federal Reserve Bank stock | (4,483) | (5,863) | 1,681 |
| Net redemptions (purchases) of correspondent and miscellaneous other stock | (814) | (543) | (11,855) |
| Proceeds from sale of other real estate owned | 1,704 | 9,397 | 1,874 |
| Purchase of bank-owned life insurance | — | (60,000) | — |
| Proceeds from bank-owned life insurance death benefits and policy surrenders | 4,308 | 56,799 | 2,376 |
| Net cash (paid) received from acquisition of NBC Corp. of Oklahoma | 150,431 | — | — |
| Net cash (paid) received from acquisition of Rockhold | — | 60,914 | — |
| Net cash (paid) received from acquisition of KansasLand bank | — | 1,261 | — |
| Net cash (used in) provided by investing activities | 136,918 | 123,729 | 232,170 |
|---|---|---|---|
| Cash flows (to) from financing activities | |||
| Net increase (decrease) in deposits | (42,850) | (163,038) | (96,436) |
| Net change in federal funds purchased and retail repurchase agreements | (1,924) | (15,934) | (2,896) |
| Net borrowings (repayments) on Federal Home Loan Bank line of credit | 121,927 | 72,024 | (138,864) |
| Proceeds from Federal Home Loan Bank term advances | 1,196,466 | 1,200,000 | 1,366,091 |
| Principal repayments on Federal Home Loan Bank term advances | (1,200,000) | (1,201,000) | (1,266,091) |
| Proceeds from Federal Reserve Bank borrowings | 3,000 | 1,000 | 141,000 |
| Principal payments on Federal Reserve Bank borrowings | (3,000) | (141,000) | (1,000) |
| Principal payments on bank stock loan | — | (691) | — |
| Proceeds from issuance of common stock, net | (73) | 86,980 | — |
| Proceeds from exercise of employee stock options | 316 | 3,506 | 203 |
| Proceeds from employee stock purchase plan | 882 | 726 | 784 |
| Proceeds from subordinated debt | 75,000 | — | — |
| Debt issue cost | (1,195) | — | — |
| Principal payments on subordinated debt | (75,000) | — | — |
| Purchase of treasury stock | (13,986) | (11,859) | (17,900) |
| Net change in contractual obligations | (12,359) | (15,748) | (12,303) |
| Dividends paid on common stock | (11,417) | (7,892) | (6,614) |
| Net cash provided by (used in) financing activities | 35,787 | (192,926) | (34,026) |
| Net change in cash and cash equivalents | 224,070 | 4,648 | 274,671 |
| Cash and cash equivalents, beginning of period | 383,747 | 379,099 | 104,428 |
| Ending cash and cash equivalents | $607,817 | $383,747 | $379,099 |
| Supplemental cash flow information: | |||
| Interest paid | $100,278 | $116,193 | $80,807 |
| Income taxes paid, net of refunds | (11,326) | 6,195 | 3,467 |
| Supplemental noncash disclosures: | |||
| Other real estate owned acquired in settlement of loans | 3,032 | 2,656 | 1,086 |
| Other real estate owned transferred from premises and equipment | — | 1,822 | — |
| Other repossessed assets acquired in settlement of loans | 1,357 | 5,454 | 505 |
| Operating leases recognized | 1,200 | 784 | 690 |
| Purchase of investments in tax credit structures and resulting contractual obligations | 10,500 | 8,500 | 16,400 |
| Total fair value of assets acquired in purchase of Rockhold, net of cash | — | 301,018 | — |
| Total fair value of liabilities assumed in purchase of Rockhold | — | 360,632 | — |
| Total fair value of assets acquired in purchase of KansasLand , net of cash | — | 50,572 | — |
| Total fair value of liabilities assumed in purchase of KansasLand | — | 51,002 | — |
| Total fair value of assets acquired in purchase of NBC Corp. of Oklahoma , net of cash | 729,674 | — | — |
| Total fair value of liabilities assumed in purchase of NBC Corp. of Oklahoma | 835,364 | — | — |
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