Bank7 Corp. Announces Q2 2025 Earnings
OKLAHOMA CITY, July 17, 2025 /PRNewswire/ -- Bank7 Corp. (NASDAQ:BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the quarter ended June 30, 2025. "We are thrilled to report another exceptional quarter. Our strong organic loan growth, significant increases in core deposits and transaction accounts, and robust liquidity underscore our disciplined approach to banking. With a properly matched balance sheet, strong capital ratios, and excellent credit quality, we continue to thrive in dynamic geographic markets. Our focus on pre-tax, pre-provision earnings (PPE) reflects our commitment to sustainable growth and resilience, positioning us to navigate economic uncertainties while delivering outstanding results," said Thomas L. Travis, President and CEO of the Company.
For the three months ended June 30, 2025 compared to the three months ended March 31, 2025:
Net income of $11.1 million compared to $10.3 million, an increase of 7.44%
Earnings per share of $1.16 compared to $1.08, an increase of 7.41%
Total assets of $1.8 billion compared to $1.8 billion, an increase of 2.83%
Total loans of $1.5 billion compared to $1.4 billion, an increase of 5.17%
PPE of $14.7 million compared to $13.7 million, an increase of 7.25%
Total interest income of $31.8 million compared to $30.4 million, an increase of 4.41%
Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On June 30, 2025, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.49%, 13.90%, and 15.03%, respectively. On June 30, 2025, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.49%, 13.89%, and 15.03%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators.
Non-GAAP Financial Measures:This earnings release contains the non-GAAP financial measure pre-provision pre-tax earnings ("PPE"). The Company's management uses this non-GAAP measure in their analysis of the Company's performance. This measure adjusts GAAP performance to exclude from net income, income tax expense, provision for credit losses, and loss on sales and calls of available-for-sale debt securities.
For the Three Months Ended
June 30, 2025
March 31, 2025
Calculation of Pre-Provision Pre-Tax Earnings ("PPE")
(Dollars in thousands)
Net Income
$ 11,105
$ 10,336
Income Tax Expense
3,602
3,377
Pre-tax net income
14,707
13,713
Add back: Provision for credit losses
-
-
Add back: (Gain)Loss on sales/calls of AFS debt securities
-
-
Pre-provision pre-tax earnings
14,707
13,713
Bank7 Corp.
Consolidated Balance Sheets
Assets
June 30, 2025(unaudited)
December 31, 2024
Cash and due from banks
$ 218,839
$ 234,196
Interest-bearing time deposits in other banks
14,188
6,719
Available-for-sale debt securities
57,170
59,941
Loans, net of allowance for credit losses of $18,222 and
$17,918 at June 30, 2025 and December 31, 2024, respectively
1,479,134
1,379,465
Loans held for sale, at fair value
2,541
-
Premises and equipment, net
21,102
18,137
Nonmarketable equity securities
1,182
1,283
Core deposit intangibles
815
878
Goodwill
11,208
8,458
Income taxes receivable
381
-
Interest receivable and other assets
29,786
30,731
Total assets
$ 1,836,346
$ 1,739,808
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing
$ 323,825
$ 313,258
Interest-bearing
1,270,313
1,202,213
Total deposits
1,594,138
1,515,471
Income taxes payable
-
77
Interest payable and other liabilities
10,349
11,047
Total liabilities
1,604,487
1,526,595
Shareholders' equity
Common stock, $0.01 par value; 50,000,000 shares authorized; shares
issued and outstanding: 9,449,319 and 9,390,211 at June 30, 2025
and December 31, 2024, respectively
94
94
Additional paid-in capital
102,321
101,809
Retained earnings
133,186
116,281
Accumulated other comprehensive loss
(3,742)
(4,971)
Total shareholders' equity
231,859
213,213
Total liabilities and shareholders' equity
$ 1,836,346
$ 1,739,808
Three Months Ended
Six Months Ended
June 30,
June 30,
2025(unaudited)
2024(unaudited)
2025(unaudited)
2024(unaudited)
Interest Income
Loans, including fees
$ 28,965
$ 28,926
$ 56,293
$ 59,043
Interest-bearing time deposits in other banks
145
246
246
499
Debt securities, taxable
278
951
561
1,963
Debt securities, tax-exempt
63
71
126
144
Other interest and dividend income
2,330
2,242
4,997
4,074
Total interest income
31,781
32,436
62,223
65,723
Interest Expense
Deposits
10,043
11,204
19,643
22,481
Total interest expense
10,043
11,204
19,643
22,481
Net Interest Income
21,738
21,232
42,580
43,242
Provision for Credit Losses
