v3.26.1
STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 2026, and December 31, 2025.

 

 

June 30,
2026

 

 

December 31,
2025

 

Class A common stock – issued

 

 

27,038,988

 

 

 

24,688,892

 

Class A common stock – held in treasury

 

 

(6,460,949

)

 

 

(5,735,107

)

Class A common stock – outstanding

 

 

20,578,039

 

 

 

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 $45 and $89 was recorded for the three and six months ended June 30, 2026. ESPP compensation expense of $44 and $85 was recorded for the three and six months ended June 30, 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, 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 June 30, 2026, there are 116,293 shares remaining or repurchase under the program.

 

Accumulated other comprehensive income (loss)

At June 30, 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 June 30, 2026, and December 31, 2025, are listed below.

 

 

Available-for-
Sale
Securities

 

 

Cash Flow Hedges

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

June 30, 2026

 

 

 

 

 

 

 

 

 

Net unrealized or unamortized gains (losses)

 

$

(6,262

)

 

$

1,220

 

 

$

(5,042

)

Tax effect

 

 

1,494

 

 

 

(272

)

 

 

1,222

 

 

 

$

(4,768

)

 

$

948

 

 

$

(3,820

)

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

 

 

 

Dividends

 

The consolidated statements of stockholders' equity for the six months ended June 30, 2026, include cash dividends and dividend equivalents of $7,533. Of this amount, $256 remained unpaid as of June 30, 2026.