EQUITY BANCSHARES INC (EQBK) Form 424B3 — Oct 20, 2026
Equity Bancshares (NYSE: EQBK) filed a proxy statement/prospectus (424B3) for its acquisition of Lincoln Bancorp, an Iowa bank holding company with approximately $1.7 billion in total assets. The deal, signed September 2, 2026, carries aggregate consideration of approximately $121.2 million — roughly $91.7 million in EQBK stock (~1,891,669 shares at an agreed $48.49 price) and $29.5 million in cash.
Key figures
- Deal Value Usd
- 121182541
- Gross Proceeds
- 0
- Offering Price
- 48.49
- Shares Offered
- 1891669
- Termination fee
- 4850000
- Expected closing
- fourth calendar quarter of 2026
- Stock cash split
- 77.5% stock / 22.5% cash
- Total cash amount
- 29455513
- Total stock amount
- 91727028
- Lincoln total loans
- $1.2 billion
- Lincoln total assets
- approximately $1.7 billion
- Per share stock ratio
- 0.3368
- Lincoln total deposits
- $1.5 billion
- Pro forma total assets
- 9,379,691 thousand
- Pro forma total deposits
- 7,767,559 thousand
- Lincoln shareholders equity
- $137.6 million (June 30, 2026)
- Per share cash consideration
- 16.33
- Lincoln credit costs estimate
- 14200000
- Post merger ownership dilution
- 9.2% to Lincoln shareholders
AI analysis
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