Bank7 Corp. Announces Q1 2026 Earnings

About this update from Bank7 Corp.

OKLAHOMA CITY , April 14, 2026 /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 March 31, 2026 . "We are pleased to announce record EPS, net income and PPE while maintaining a strong net interest margin, excellent credit quality, and robust liquidity. We are excited about 2026, as our properly matched balance sheet has us well positioned to continue to take advantage of our dynamic geographic region," said Thomas L. Travis, President and CEO of the Company. For the three months ended March 31, 2026 compared to the three months ended March 31, 2025 : Net income of $12.01 million compared to $10.34 million , an increase of 16.16% Earnings per share of $1.25 compared to $1.08 , an increase of 15.74% Total assets of $1.95 billion compared to $1.79 billion , an increase of 8.94% Total loans of $1.59 billion compared to $1.42 billion , an increase of 11.94% Pre-provision pre-tax earnings of $15.82 million compared to $13.71 million , an increase of 15.37% Total interest income of $33.78 million compared to $30.44 million , an increase of 10.99% 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 March 31, 2026 , the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.24%, 14.79%, and 15.96%, respectively. On March 31, 2026 , on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.24%, 14.78%, and 15.96%, 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. 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 March 31 , March 31 , 2026 2025 Calculation of Pre-Provision Pre-Tax Earnings (Dollars in thousands) Net Income $ 12,006 $ 10,336 Income Tax Expense 3,815 3,377 Pre-tax net income 15,821 13,713 Add back: Provision for credit losses - - Add back: (Gain)Loss on sales/calls of AFS debt securities - - Pre-provision pre-tax earnings $ 15,821 $ 13,713 Unaudited Condensed Consolidated Balance Sheets(Dollar amounts in thousands, except par value) Assets March 31 , 2026 (unaudited) December 31 ,2025 (Dollars in thousands) Cash and due from banks $ 246,701 $ 244,635 Interest-bearing time deposits in other banks 3,735 10,457 Available-for-sale debt securities (amortized cost of $55,632 and $57,316 at March 31, 2026 and December 31, 2025 , respectively) 52,140 54,019 Loans, net of allowance for credit losses of $19,452 and $19,407 at March 31, 2026 and December 31, 2025 , respectively 1,574,376 1,587,024 Loans held for sale 3,865 2,078 Premises and equipment, net 24,110 21,884 Nonmarketable equity securities 1,158 1,165 Core deposit intangibles 721 752 Goodwill 11,208 11,208 Interest receivable and other assets 27,066 30,418 Total assets $ 1,945,080 $ 1,963,640 Liabilities and Shareholders' Equity Deposits Noninterest-bearing $ 336,801 $ 341,416 Interest-bearing 1,334,580 1,359,417 Total deposits 1,671,381 1,700,833 Income taxes payable 3,912 594 Interest payable and other liabilities 9,966 11,218 Total liabilities 1,685,259 1,712,645 Shareholders' equity Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,519,335 and 9,462,656 at March 31, 2026 and December 31, 2025 , respectively 95 95 Additional paid-in capital 103,270 103,739 Retained earnings 159,143 149,707 Accumulated other comprehensive loss (2,687) (2,546) Total shareholders' equity 259,821 250,995 Total liabilities and shareholders' equity $ 1,945,080 $ 1,963,640 Unaudited Condensed Consolidated Statements of Comprehensive Income(Dollar amounts in thousands, except per share data) Three Months Ended March 31 , 2026 (unaudited) 2025 (unaudited) Interest Income (Dollars in thousands) Loans, including fees $ 31,613 $ 27,324 Interest-bearing time deposits in other banks 112 101 Debt securities, taxable 250 283 Debt securities, tax-exempt 59 63 Other interest and dividend income 1,749 2,667 Total interest income 33,783 30,438 Interest Expense Deposits 9,591 9,600 Total interest expense 9,591 9,600 Net Interest Income 24,192 20,838 Provision for Credit Losses - - Net Interest Income After Provision for Credit Losses 24,192 20,838 Noninterest Income Mortgage lending income 375 93 Loss on sales, prepayments, and calls of available-for-sale debt securities - - Service charges on deposit accounts 249 218 Other 1,342 1,446 Total noninterest income 1,966 1,757 Noninterest Expense Salaries and employee benefits 6,331 5,280 Furniture and equipment 342 250 Occupancy 686 592 Data and item processing 543 510 Accounting, marketing and legal fees 585 105 Regulatory assessments 259 83 Advertising and public relations 172 194 Travel, lodging and entertainment 71 56 Other 1,348 1,812 Total noninterest expense 10,337 8,882 Income Before Taxes 15,821 13,713 Income tax expense 3,815 3,377 Net Income $ 12,006 $ 10,336 Earnings per common share - basic $ 1.26 $ 1.10 Earnings per common share - diluted 1.25 1.08 Weighted average common shares outstanding - basic 9,491,075 9,421,534 Weighted average common shares outstanding - diluted 9,596,869 9,552,273 Other Comprehensive Income Unrealized (losses) gains on securities, net of tax (benefit) expense of ( $55 ) and $237 for the three months ended March 31, 2026 and 2025, respectively $ (141) $ 642 Other comprehensive (loss) income $ (141) $ 642 Comprehensive Income $ 11,865 $ 10,978 Net Interest Margin For the Three Months Ended March 31 , 2026 (unaudited) 2025 (unaudited) Average Balance Interest Income/ Expense Average Yield/ Rate Average Balance Interest Income/ Expense Average Yield/ Rate (Dollars in thousands) Interest-Earning Assets: Short-term investments $ 210,047 $ 1,861 3.60 % $ 238,048 $ 2,768 4.72 % Debt securities, taxable-equivalent 43,564 250 2.33 48,637 283 2.36 Debt securities, tax exempt 11,052 59 2.17 12,514 63 2.04 Loans held for sale 1,983 - - 580 - - Total loans(1) 1,596,201 31,613 8.03 1,398,350 27,324 7.92 Total interest-earning assets 1,862,847 33,783 7.35 1,698,129 30,438 7.27 Noninterest-earning assets 41,295 39,957 Total assets $ 1,904,142 $ 1,738,086 Funding sources: Interest-bearing liabilities: Deposits: Transaction accounts $ 1,058,572 $ 7,223 2.77 % $ 956,891 $ 7,118 3.02 % Time deposits 264,608 2,368 3.63 236,325 2,482 4.26 Total interest-bearing deposits 1,323,180 9,591 2.94 1,193,216 9,600 3.62 Total interest-bearing liabilities $ 1,323,180 9,591 2.94 $ 1,193,216 9,600 3.62 Noninterest-bearing liabilities: Noninterest-bearing deposits $ 315,426 $ 316,544 Other noninterest-bearing liabilities 9,515 9,983 Total noninterest-bearing liabilities 324,941 326,527 Shareholders' equity 256,021 218,343 Total liabilities and shareholders' equity $ 1,904,142 $ 1,738,086 Net interest income $ 24,192 $ 20,838 Net interest spread 4.41 % 4.01 % Net interest margin 5.27 % 4.98 % (1) Nonaccrual loans are included in total loans About Bank7 Corp. We are Bank7 Corp. , a bank holding company headquartered in Oklahoma City, Oklahoma . Through our wholly-owned subsidiary, Bank7 , we operate twelve locations in Oklahoma , the Dallas/Fort Worth, Texas metropolitan area and Kansas . We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. Conference Call Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Tuesday, April 14, 2026 at 10:00 a.m. central standard time . To participate in the call, dial 1-888-348-6421, or access it live over the Internet at https://app.webinar.net/5Kz4qdQLXjl . For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/5Kz4qdQLXjl shortly after the call for 1 year. Cautionary Statements Regarding Forward-Looking Information This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. Contact: Thomas Travis President & CEO(405) 810-8600 View original content to download multimedia: https://www.prnewswire.com/news-releases/bank7-corp-announces-q1-2026-earnings-302741326.html SOURCE Bank7 Corp.

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