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Equity Bancshares, Inc. (NYSE:EQBK), a $788 million market cap financial institution with a healthy P/E ratio of 10.2 and dividend yield of 1.75%, announced that its board of directors approved a share repurchase program for up to 1,000,000 shares of its outstanding common stock. According to InvestingPro data, the company maintains a GOOD financial health score. The program is set to begin on October 1, 2025, and will continue through September 30, 2026.
According to a statement filed with the Securities and Exchange Commission, the repurchase plan does not obligate the company to acquire a specific number of shares or a set dollar amount. The program may be extended, modified, or discontinued at any time without prior notice.
The company also reported that it received non-objection from the Federal Reserve Bank of Kansas City regarding the repurchase plan on September 23, 2025.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Equity Bancshares announced the completion of a $75 million offering of 7.125% fixed-to-floating rate subordinated notes due in 2035. The notes were issued through a private placement with qualified institutional buyers and institutional accredited investors. Additionally, Equity Bancshares revealed an agreement to acquire Frontier Bank in a transaction valued at approximately $122 million, expected to be accretive to earnings in 2026 and 2027. Following this announcement, Keefe, Bruyette & Woods raised its price target for Equity Bancshares to $47, maintaining a Market Perform rating. DA Davidson also increased its price target to $45, citing the expected successful close of the Frontier acquisition in mid-fourth quarter 2025. Equity Bancshares’ recent second-quarter earnings report showed operating earnings of $0.94 per share, surpassing expectations due to lower provision and tax rates. Despite revenue coming in below forecast, DA Davidson noted that lower credit and tax costs contributed to improved earnings per share.
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