Bank7 Corp. · NASDAQ:BSVN
Bank7 — Q1 2019 Earnings Presentation
16 slides from Bank7's earnings presentation, Apr 30, 2019
Slide 1: Earnings Release April 30, 2019
EARNINGS RELEASE April 30, 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 March 31, 2018 March 31, 2019 Assets $707 million $787 million Loans $562 million $587 million Deposits $623 million $687 million One of the Top Performing Community Banks in the United States(1)Track Record of Strong Profitability and Expense ControlIntense Focus on
Slide 4: First Quarter Accomplishments
First Quarter Accomplishments Record pre-tax Income Operational Excellence Maintained excellent efficiency ratio and noninterest expense to average assets ratio. Changes from Q1 2018 to Q1 2019: - Efficiency ratio decreased from 36.5% to 36.0%.- Noninterest expense to average assets ratio decreased
Slide 5: Bank7 Corp. reports record pre-tax quarterly income for Q1 2019
Bank7 Corp. reports record pre-tax quarterly income for Q1 2019 For the Three Months EndedMarch 31, 2019 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 three mont
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 three months ended March 31, 2019.Profitability metrics are t
Slide 7: Balance Sheet and Earnings Growth
March 31, 2018 March 31, 2019 Balance Sheet and Earnings Growth Dollars are in millions, except earnings per share.Financial data is as of or for the three months ended March 31, 2019 and 2018.Net income is tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respec
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 three months ended March 31, 2019.Net interest margin (excluding loan fee income) is a non-GAAP financial measure. See Appendix for reconciliation to their most compara
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 three months ended March 31, 2019.(1) Net interest margin is the amount of net interest income, including loan fee income, supported by daily Avg. earning assets for the
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 three months ended March 31, 2019. Asset quality remains stro
Slide 11: Diversified Loan Portfolio
Diversified Loan Portfolio Dollars are in millions. Data as of March 31, 2019. Gross Loan Portfolio Composition by Purpose Type 10
Slide 12: Deposit Composition
Deposit Composition Historical Deposit Growth Compound Annual Growth Rate = 7.8% Deposit Composition as of March 31, 2019 82.7% of our loan customers also had a deposit relationship with us as of March 31, 2019.Core DepositsTotal organic core deposit growth YOY was $119.1M, or 24.2%. Core deposits t
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 26.0% 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