Bank7 Corp. · NASDAQ:BSVN
Bank7 — Q2 2019 Earnings Presentation
16 slides from Bank7's earnings presentation, Jul 26, 2019
Slide 1: Earnings Release July 26th, 2019
EARNINGS RELEASE July 26th, 2019
Slide 2: Legal Information and Disclaimer
Legal Information and Disclaimer This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in
Slide 3: Corporate Overview
Corporate Overview NASDAQ: BSVN June 30, 2018 June 30, 2019 Assets $728 million $798 million Loans $589 million $631 million Deposits $642 million $696 million One of the Top Performing Community Banks in the United States(1)Track Record of Strong Profitability and Expense ControlIntense Focus on Un
Slide 4: Second Quarter Accomplishments
Second Quarter Accomplishments Record Pre-tax Income Operational Excellence Continue to maintain expense discipline as evidenced by our efficiency ratio of 36.4%.Maintained an excellent noninterest expense to average assets ratio of 2.04%. The Company earned a record $6.8 million in pre-tax income i
Slide 5: Bank7 Corp. reports record pre-tax quarterly income for Q2 2019
Bank7 Corp. reports record pre-tax quarterly income for Q2 2019 For the Six Months EndedJune 30, 2019 After Tax Net Income & EPS (2) Dollars are in millions, except earnings per share. Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the six
Slide 6: Strong Historical Performance
Strong Historical Performance Return on Average Assets (1) Return on Average Tangible Common Equity (1) Dollars are in millionsFinancial data is as of or for the twelve months ended December 31 of each respective year and as of or for the six months ended June 30, 2019.Profitability metrics are tax-
Slide 7: Balance Sheet and Earnings Growth
June 30, 2018 June 30, 2019 Balance Sheet and Earnings Growth Dollars are in millions, except earnings per share.Financial data is as of or for the six months ended June 30, 2019 and 2018.Net income is tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective
Slide 8: Net Interest Margin
Net Interest Margin Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the six months ended June 30, 2019.Net interest margin (excluding loan fee income) is a non-GAAP financial measure. See Appendix for reconciliation to their most comparable
Slide 9: Loan/Deposit Beta
Loan/Deposit Beta Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the six months ended June 30, 2019.(1) Net interest margin is the amount of net interest income, including loan fee income, supported by daily Avg. earning assets for the per
Slide 10: Asset Quality
Allowance for Loan Losses to Total Loans Nonperforming Assets to Loans and OREO Asset Quality Net Charge-Offs to Average Loans Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the six months ended June 30, 2019. Asset quality remains strong.
Slide 11: Diversified Loan Portfolio
Diversified Loan Portfolio Dollars are in millions. Data as of June 30, 2019. Gross Loan Portfolio Composition by Purpose Type 10
Slide 12: Deposit Composition
Deposit Composition Historical Deposit Growth Compound Annual Growth Rate = 9.4% Deposit Composition as of June 30, 2019 83.4% of our loan customers also had a deposit relationship with us as of June 30, 2019.Core DepositsTotal organic core deposit growth YOY was $97.6M, or 18.8%. Core deposits tota
Slide 13: Appendix
BANE | Appendix
Slide 14: Bank7 Corp. Financials
Bank7 Corp. Financials Net income and earnings per share are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods. EPS calculation is based on diluted shares. Combined federal and state effective tax rates for 2018 and 2019 were 25.1% and 25.0%, r
Slide 15: Bank7 Corp. Financials
Bank7 Corp. Financials Return on average assets and shareholders’ equity are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods.Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent
Slide 16: Non-GAAP Reconciliations
Non-GAAP Reconciliations 15