Bank7 Corp. · NASDAQ:BSVN
Bank7 — Q1 2025 Earnings Presentation
28 slides from Bank7's earnings presentation, Apr 10, 2025
Slide 1: Q1 2025 Earnings Release
Q1 2025 Earnings Release April 10, 2025 0
Slide 2: BSVN – Corporate Overview
BSVN – Corporate Overview Earnings Release: Q1 2025 Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States Q1 2025 Q1 2024 % Change Total assets $ 1,785,474 $ 1,774,983 0.6% Total loans 1,423,811 1,373,891 3.6% Total deposits 1,551,2
Slide 3: Q1 Overview
Q1 Overview Earnings Release: Q1 2025 Strong Earnings & Profitability Asset Quality & CRE EPS: $1.08, driven by core earnings (no share NPLs/Total Loans: 0.50% repurchases) Diverse CRE portfolio (DFW, OKC & Tulsa Metros) Office Loan Average Size (excl. construction): $1.02 ROAA: 2.41% mill
Slide 4: Strength in Core Earnings
Strength in Core Earnings Earnings Release: Q1 2025 PPE(1) $70.0 $58.4 $60.4 $60.0 $50.0 Adjusted Core PPE: $43.9 $40.0 $31.2 $35.1 ■ $13.7 million (-0.24% vs. Q1 2024)(2) $30.0 7.86% Decrease $20.0 $14.9 $13.7 $10.0 Strong PPE was driven by: $- 2020 2021 2022 2023 2024 Q1 2024 Q1 2025 ■ Disciplined
Slide 5: Consistently Outperforming our Peer Group
Consistently Outperforming our Peer Group Earnings Release: Q1 2025 PPE to Average Assets vs Peers 4.00% 3.50% 3.00% 3.44% 3.46% 3.50% 3.29% 2.50% 2.99% 2.00% 2.31% 1.50% 1.81% 1.78% 1.00% 1.49% 1.17% 0.50% 0.00% 2020 2021 2022 2023 Q4 2024 Peers BSVN Income Statement as a Percentage of Average Asse
Slide 6: Consistent Top Performer
Consistent Top Performer Earnings Release: Q1 2025 Return on Average Tangible Common Equity Return on Average Assets 5 year average: 21.4% 5 year average: 2.1% 30.00% 27.31% 3.00% 2.65% 2.58% 25.00% 2.41% 23.92% 2.50% 25.00% 2.21% 20.10% 2.03% 2.02% 19.14% 20.13% 18.57% 20.00% 2.00% 1.68% 15.00% 1.5
Slide 7: Reliable and Rapid Capital Compounder
Reliable and Rapid Capital Compounder Earnings Release: Q1 2025 Tangible Book Value Per Share(1) Diluted Earnings Per Share CAGR since 2018: 16.6% $25.00 $6.00 $21.71 $22.18 $4.84 $5.00 $20.00 $17.49 $14.69 $4.00 $15.00 $12.93 $3.22 $3.05 $11.69 10.74% Decrease $3.00 $2.55 $9.78 $10.00 $8.49 $2.05 $
Slide 8: BSVN Compared to All Major Exchange Traded Banks
BSVN Compared to All Major Exchange Traded Banks Earnings Release: Q1 2025 BSVN’s TBVPS Since FYE 2018 $25.00 CAGR since 2018: 16.9% $21.71 Public Banks Median CAGR: 5.8%(1) $20.00 $17.49 $14.69 $15.00 $12.93 $11.69 $9.78 $10.00 $8.49 $5.00 $0.00 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y Total Share
Slide 9: Consistent Net Interest Margin
Consistent Net Interest Margin Earnings Release: Q1 2025 ■ Net interest margin remains within our historical range due to disciplined loan pricing, a healthy amount of non-interest bearing deposits, and our properly matched balance sheet ■ Currently, $361.85 million in loans are fixed-rate or at the
Slide 10: Well Positioned for a Declining Rate Environment
Well Positioned for a Declining Rate Environment Earnings Release: Q1 2025 Loan Portfolio Interest Rate Sensitivity Gross Loan Variable-Rate Balance $ Cumulative % Cumulative Avg Yield Loans (1) Fixed Rate Loans $ 344.66 $ 344.66 24.17% 6.94% $1,081.2 Variable-Rate At Floor 17.24 361.85 25.38% 7.34%
Slide 11: We Achieve a Steady Spread thru Various Rate Cycles
We Achieve a Steady Spread thru Various Rate Cycles Earnings Release: Q1 2025 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Yield on Loans(1) Cost of Funds BSVN Spread 10 Yr Treasury Yield Financial data calculated using annual averages
Slide 12: Asset Sensitivity Repricing and Liquidity
Asset Sensitivity Repricing and Liquidity Earnings Release: Q1 2025 Asset Sensitivity Repricing Schedule < 1 year 1 to 2 years 2 to 3 years > 3 years Total Earning Assets: Cash and cash equivalents, and interest-bearing time deposits $ 253,517 $ - $ - $ - $ 253,517 (1) Gross Loans 1,247,668 48,055 6
Slide 13: Deposit Composition
Deposit Composition Earnings Release: Q1 2025 CAGR since 2020: 13.0% $1,591.4 $1,551.3 $1,515.5 $1,431.4 $1,217.5 $905.5 69.7% 69.9% 79.3% 78.9% 72.8% 71.1% 27.2% 30.1% 30.3% 28.9% 20.7% 21.1% 1 2020 2021 2022 2023 2024 Q1 2025 Noninterest-bearing deposits Interest-bearing deposits Deposit Compositi
Slide 14: Loan Portfolio Trends – Selected Categories
Loan Portfolio Trends – Selected Categories Earnings Release: Q1 2025 Loan Portfolio Trends CAGR Since 2020: 8.9% $1,500 $1,399.0 $1,426.0 $1,364.0 $190.5, $1,273.6 $182.8, (14.0%) $1,300 $116.7, (14.4%) (11.3%) $102.0, (12.2%) $334.6, $1,100 $1,031.0 $327.6, (24.5%) (25.7%) $245.1, $102.1, (23.8%)
Slide 15: Loan Portfolio Distribution
Loan Portfolio Distribution Earnings Release: Q1 2025 Consumer $16.5 / 1.2% Agricultural Non-Farmland $27.1 / 1.9% Agricultural Farmland $52.4 / 3.7% Commercial and industrial Hospitality construction $355.0 / 24.9% $11.7 / 0.8% Commercial construction $120.9 / 8.5% 1-4 family construction $51.8 / 3
Slide 16: Diverse CRE Portfolio with Very Low Historical Losses
Diverse CRE Portfolio with Very Low Historical Losses Earnings Release: Q1 2025 1-4 Family - Commercial $128.9 / 15.3% Multifamily ■ Diverse commercial real estate lending $16.2 / 1.9% activity in Texas and Oklahoma with an Retail emphasis in the DFW, Oklahoma City, and $65.2 / 7.8% Tulsa metros Off
Slide 17: Hospitality Loan Portfolio – A Source of Strength
Hospitality Loan Portfolio – A Source of Strength Earnings Release: Q1 2025 Hotel Portfolio by Class ■ Blue collar portfolio that is well-protected by the Midscale $176.75 / 62.1% “cycle-down” effect of a recession ■ Geographically concentrated in TX (82%) and other markets with favorable economic c
Slide 18: Strategic Growth in Dynamic Markets
Strategic Growth in Dynamic Markets Earnings Release: Q1 2025 Total Assets CAGR Since 2014: 13.8% $1,771.7 $1,785.5 $1,800.0 $1,739.8 $1,584.2 $1,600.0 $1,400.0 $1,350.5 $1,200.0 $1,016.7 $1,000.0 $866.4 $770.5 $800.0 $703.6 $613.8 $600.0 $563.5 $479.5 $400.0 $200.0 $- 2014 2015 2016 2017 2018 2019
Slide 19: Earnings-driven Capital Shock-absorption
Earnings-driven Capital Shock-absorption Earnings Release: Q1 2025 Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1) Total Shock Absorption Regulatory Minimum Q1 2025 Capital Excess Capital to Target Excess Capi
Slide 20: Appendix
Appendix 19
Slide 21: Bank7 Corp. Financials
Bank7 Corp. Financials Earnings Release: Q1 2025 For the Three Months Ended For the Year Ended December 31 Mar 31, 2025 Mar 31, 2024 2024 2023 2022 2021 2020 (Do llars in tho usands, except per share data) INCOME STATEMENT DATA Total interest income $ 30,438 $ 33,287 $ 131,540 $ 121,544 $ 78,749 $ 5
Slide 22: Bank7 Corp. Performance Ratios
Bank7 Corp. Performance Ratios Earnings Release: Q1 2025 For the Three Months Ended For the Year Ended December 31 Mar 31, 2025 Mar 31, 2024 2024 2023 2022 2021 2020 (Do llars in tho usands, except per share data) RETURN ON AVERAGE(1) Assets 2.41% 2.58% 2.65% 1.68% 2.02% 2.21% 2.03% Tangible common
Slide 23: Non-GAAP Reconciliations
Non-GAAP Reconciliations Earnings Release: Q1 2025 For the Three Months Ended For the Year Ended December 31 Mar 31, 2025 Mar 31, 2024 2024 2023 2022 2021 2020 (Do llars in tho usands, except per share data) TANGIBLE SHAREHOLDERS' EQUITY Total shareholders equity $ 221,660 $ 180,382 $ 213,213 $ 170,
Slide 24: Non-GAAP Reconciliations -- Continued
Non-GAAP Reconciliations -- Continued Earnings Release: Q1 2025 For the Three Months Ended For the Year Ended December 31 Mar 31, 2025 Mar 31, 2024 2024 2023 2022 2021 2020 (Do llars in tho usands, except per share data) PRE-PROVISION PRE-TAX EARNINGS Net Income $ 10,336 $ 11,288 $ 45,698 $ 28,275 $
Slide 25: Oil & Gas Asset Recap
Oil & Gas Asset Recap Earnings Release: Q1 2025 Cash Flow Recap (Do llars in tho usands, except per share data) OIL AND GAS ASSET INVESTMENT Initial cash outlay (in Q4 2023) $ (16,800) Gross cash receipts: Q4 2023 2,195 Q1 2024 2,678 Q2 2024 1,949 Q3 2024 2,085 Q4 2024 1,365 Q1 2025 1,089 Cumulative
Slide 26: Investment Portfolio
Investment Portfolio Earnings Release: Q1 2025 Available-for-Sale Securities Portfolio Municipal - Tax Exempt $12.53 / 21.0% Municipal - Taxable $7.38 / 12.4% U.S. Treasuries $5.43 / 9.1% Corporate $4.66 / 7.8% ■ Weighted Average Duration: 4.0 Years U.S. Federal Agencies $0.05 / 0.1% ■ Book Yield: 2
Slide 27: Legal Information and Distribution
Legal Information and Distribution Earnings Release: Q1 2025 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
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