Damon Del Monte

Andrew Liesch

Jeff Rulis

Terence McEvoy

Brett Rabatin

Ryan Payne

Terry McEvoy

- Equity Bancshares, Inc. (EQBK) has entered into a definitive merger agreement to acquire **Frontier Holdings, LLC**, the parent company of Frontier Bank, marking Equity's entrance into Nebraska with **seven new locations**.  **[1227500_0001193125-25-193355_d81587dex991.htm:0]** **[1227500_0001193125-25-193355_d81587dex992.htm:0]**  The merger is expected to close in the **fourth quarter of 2025**.  **[1227500_0001193125-25-193355_d81587dex991.htm:0]** **[1227500_0001193125-25-193355_d81587dex992.htm:0]** **[1227500_0001193125-25-193355_d81587dex993.htm:2]** 
- The acquisition is projected to be approximately **7.7%** or **$0.34** accretive to Equity's 2026 earnings per share and **9.8%** accretive to 2027E EPS, excluding one-time transaction expenses.  **[1227500_0001193125-25-193355_d81587dex991.htm:0]** **[1227500_0001193125-25-193355_d81587dex993.htm:1]** 
- The estimated tangible book value per share dilution from the acquisition is expected to be earned back in **2.8 years**.  **[1227500_0001193125-25-193355_d81587dex993.htm:1]**  Following the merger, Equity's proforma consolidated assets are expected to reach **$7.9 billion**.  **[1227500_0001193125-25-193355_d81587dex991.htm:0]** **[1227500_0001193125-25-193355_d81587dex992.htm:0]** **[1227500_0001193125-25-193355_d81587dex993.htm:1]** 
- Additionally, Equity announced a bond portfolio repositioning involving the sale of approximately **$358.8 million** in investment securities, resulting in an estimated after-tax loss of **$31.6 million** but anticipated to contribute **$0.27** in EPS accretion in 2026.  **[1227500_0001193125-25-193355_d81587dex991.htm:1]**

EQUITY BANCSHARES (EQBK)