v3.26.1
STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 8 – STOCKHOLDERS’ EQUITY

Preferred stock

The Company’s articles of incorporation provide for the issuance of shares of preferred stock. At March 31, 2026, and December 31, 2025, there was no preferred stock outstanding.

Common stock

The Company’s articles of incorporation provide for the issuance of 45,000,000 shares of Class A voting common stock (“Class A common stock”) and 5,000,000 shares of Class B non-voting common stock (“Class B common stock”), both of which have a par value of $0.01 per share.

The following table presents shares that were issued, held in treasury or were outstanding at March 31, 2026, and December 31, 2025.

 

 

March 31,
2026

 

 

December 31,
2025

 

Class A common stock – issued

 

 

27,025,401

 

 

 

24,688,892

 

Class A common stock – held in treasury

 

 

(6,249,580

)

 

 

(5,735,107

)

Class A common stock – outstanding

 

 

20,775,821

 

 

 

18,953,785

 

Class B common stock – issued

 

 

234,903

 

 

 

234,903

 

Class B common stock – held in treasury

 

 

(234,903

)

 

 

(234,903

)

Class B common stock – outstanding

 

 

—

 

 

 

—

 

Treasury stock is stated at cost, determined by the first-in first-out method.

In 2019, the Company’s Board of Directors adopted the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan (“ESPP”). The ESPP enables eligible employees to purchase the Company’s common stock at a price per share equal to 85% of the lower of the fair market value of the common stock at the beginning or end of each offering period. ESPP compensation expense of $44 was recorded for the three months ended March 31, 2026. ESPP compensation expense of $41 was recorded for the three months ended March 31, 2025. The following table presents the offering periods and costs associated with this program during the reporting period.

Offering Period

 

Shares Purchased

 

 

Cost Per Share

 

 

Compensation Expense

 

August 15, 2023 to February 14, 2024

 

 

16,884

 

 

 

21.79

 

 

 

65

 

February 15, 2024 to August 14, 2024

 

 

12,581

 

 

 

28.52

 

 

 

63

 

August 15, 2024 to February 14, 2025

 

 

13,921

 

 

 

32.05

 

 

 

79

 

February 15, 2025 to August 14, 2025

 

 

12,940

 

 

 

33.69

 

 

 

77

 

 

In September of 2025, the Company’s Board of Directors approved a share repurchase plan for up to 1,000,000 shares of outstanding common stock beginning on October 1, 2025, and concluding on September 30, 2026. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares, and it may be extended, modified or

discontinued at any time without notice. Non-objection from the Federal Reserve Bank of Kansas City related to this repurchase plan was received September 23, 2025. At March 31, 2026, there are 327,662 shares remaining or repurchase under the program.

 

Accumulated other comprehensive income (loss)

At March 31, 2026, and December 31, 2025, accumulated other comprehensive income (loss) consisted of (i) the after-tax effect of unrealized gains (losses) on available-for-sale securities and (ii) unrealized gains (losses) on cash flow hedges.

Components of accumulated other comprehensive income as of March 31, 2026, and December 31, 2025, are listed below.

 

 

Available-for-
Sale
Securities

 

 

Cash Flow Hedges

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

March 31, 2026

 

 

 

 

 

 

 

 

 

Net unrealized or unamortized gains (losses)

 

$

7

 

 

$

928

 

 

$

935

 

Tax effect

 

 

(5

)

 

 

—

 

 

 

(5

)

 

 

$

2

 

 

$

928

 

 

$

930

 

December 31, 2025

 

 

 

 

 

 

 

 

 

Net unrealized or unamortized gains (losses)

 

$

8,098

 

 

$

1,220

 

 

$

9,318

 

Tax effect

 

 

(1,996

)

 

 

(290

)

 

 

(2,286

)

 

 

$

6,102

 

 

$

930

 

 

$

7,032