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Bank7 Corp. Announces Q1 2025 Earnings

1. Bank7 reported strong earnings and liquidity for Q1 2025. 2. Capital levels remain well above regulatory minimums, reflecting stability. 3. Net interest income decreased compared to Q1 2024, affecting profitability. 4. Company focused on navigating economic volatility and building capital. 5. Future growth planned through organic expansion and strategic acquisitions.

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Why Bullish?

Strong earnings and above-minimum capital ratios demonstrate financial health, echoing positive performance in similar banking firms that saw stock price growth. Historical instances, such as regional banks maintaining stability during economic downturns, can correlate with rising investor confidence in BSVN.

How important is it?

The article highlights significant financial metrics that hint at sustained operational strength, crucial in an unpredictable market environment. Positive outlook statements from leadership enhance confidence in strategic direction, thus influencing investor perceptions and actions.

Why Short Term?

The current earnings report will likely influence investor sentiment immediately, with potential positive impacts on stock price within the next quarter. Typically, quarterly earnings have direct and quick impacts on stock evaluations.

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JPMWFCUSB
OKLAHOMA CITY, April 10, 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 March 31, 2025.  "2025 is off to a strong start, as evidenced by outstanding earnings, liquidity, credit quality metrics, and a properly matched balance sheet.  We are focused on potential disruptions related to economic policies and market volatility, yet we take comfort that we are located in such a dynamic and resilient part of the United States.  We are prepared to navigate through the volatility and continue to rapidly build capital which is a true source of our strength and stability," said Thomas L. Travis, President and CEO of the Company. For the three months ended March 31, 2025 compared to the three months ended March 31, 2024: 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, 2025, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.39%, 14.03%, and 15.25%, respectively.  On March 31, 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 12.39%, 14.02%, and 15.24%, 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 March 31, 2025 March 31, 2024 Calculation of Pre-Provision Pre-Tax Earnings ("PPE") (Dollars in thousands) Net Income $         10,336 $            11,288 Income Tax Expense 3,377 3,595 Pre-tax net income 13,713 14,883 Add back: Provision for credit losses - - Add back: (Gain)Loss on sales/calls of AFS debt securities - - Pre-provision pre-tax earnings 13,713 14,883 Bank7 Corp. Consolidated Balance Sheets Assets March 31, 2025(unaudited) December 31, 2024 Cash and due from banks $               240,570 $               234,196 Interest-bearing time deposits in other banks 12,947 6,719 Available-for-sale debt securities 59,616 59,941 Loans, net of allowance for credit losses of $18,162 and $17,918 at March 31, 2025 and December 31, 2024, respectively 1,405,649 1,379,465 Loans held for sale, at fair value 2,068 - Premises and equipment, net 20,721 18,137 Nonmarketable equity securities 1,318 1,283 Core deposit intangibles 846 878 Goodwill 11,208 8,458 Interest receivable and other assets 30,531 30,731 Total assets $            1,785,474 $            1,739,808 Liabilities and Shareholders' Equity Deposits Noninterest-bearing $               327,522 $               313,258 Interest-bearing 1,223,768 1,202,213 Total deposits 1,551,290 1,515,471 Income taxes payable 3,565 77 Interest payable and other liabilities 8,959 11,047 Total liabilities 1,563,814 1,526,595 Shareholders' equity Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,448,237 and 9,390,211 at March 31, 2025 and December 31, 2024, respectively 94 94 Additional paid-in capital 101,546 101,809 Retained earnings 124,349 116,281 Accumulated other comprehensive loss (4,329) (4,971) Total shareholders' equity 221,660 213,213 Total liabilities and shareholders' equity $            1,785,474 $            1,739,808 Three Months Ended March 31, 2025(unaudited) 2024(unaudited) Interest Income Loans, including fees $          27,324 $          30,117 Interest-bearing time deposits in other banks 101 253 Debt securities, taxable 283 1,012 Debt securities, tax-exempt 63 73 Other interest and dividend income 2,667 1,832 Total interest income 30,438 33,287 Interest Expense Deposits 9,600 11,277 Total interest expense 9,600 11,277 Net Interest Income 20,838 22,010 Provision for Credit Losses - - Net Interest Income After Provision for Credit Losses 20,838 22,010 Noninterest Income Mortgage lending income 93 51 Loss on sales, prepayments, and calls of available-for-sale debt securities - - Service charges on deposit accounts 218 249 Other 1,446 1,708 Total noninterest income 1,757 2,008 Noninterest Expense Salaries and employee benefits 5,280 5,289 Furniture and equipment 250 230 Occupancy 592 661 Data and item processing 510 458 Accounting, marketing and legal fees 105 99 Regulatory assessments 83 386 Advertsing and public relations 194 145 Travel, lodging and entertainment 56 51 Other 1,812 1,816 Total noninterest expense 8,882 9,135 Income Before Taxes 13,713 14,883 Income tax expense 3,377 3,595 Net Income $          10,336 $          11,288 Earnings per common share - basic $              1.10 $              1.22 Earnings per common share - diluted 1.08 1.21 Weighted average common shares outstanding - basic 9,421,534 9,220,154 Weighted average common shares outstanding - diluted 9,552,273 9,317,813 Other comprehensive income (loss) Unrealized gains on securities, net of tax (expense) benefit of ($237) and $0 for the three months ended March 31, 2025 and 2024, respectively $               642 $               456 Reclassification adjustment for realized losses included in net income net of tax of $0 and $0 for the three months March 31, 2025 and 2024, respectively - - Other comprehensive income (loss) $               642 $               456 Comprehensive Income $          10,978 $          11,744 Net Interest Margin For the Three Months Ended March 31, 2025(unaudited) 2024(unaudited) AverageBalance InterestIncome/Expense AverageYield/Rate AverageBalance InterestIncome/Expense AverageYield/Rate (Dollars in thousands) Interest-Earning Assets: Short-term investments $        238,048 $        2,768 4.72 % $        176,072 $        2,085 4.75 % Debt securities, taxable-equivalent 48,637 283 2.36 153,468 1,012 2.64 Debt securities, tax exempt 12,514 63 2.04 18,269 73 1.60 Loans held for sale 580 - - 238 - - Total loans(1) 1,398,350 27,324 7.92 1,369,692 30,117 8.82 Total interest-earning assets 1,698,129 30,438 7.27 1,717,739 33,287 7.77 Noninterest-earning assets 39,957 39,769 Total assets $     1,738,086 $     1,757,508 Funding sources: Interest-bearing liabilities: Deposits: Transaction accounts $        956,891 7,118 3.02 % $        845,129 8,196 3.89 % Time deposits 236,325 2,482 4.26 264,973 3,081 4.66 Total interest-bearing deposits 1,193,216 9,600 3.26 1,110,102 11,277 4.07 Total interest-bearing liabilities $     1,193,216 9,600 3.26 $     1,110,102 11,277 4.07 Noninterest-bearing liabilities: Noninterest-bearing deposits $        316,544 $        460,028 Other noninterest-bearing liabilities 9,983 11,657 Total noninterest-bearing liabilities 326,527 471,685 Shareholders' equity 218,343 175,721 Total liabilities and shareholders' equity $     1,738,086 $     1,757,508 Net interest income $      20,838 $      22,010 Net interest spread 4.01 % 3.70 % Net interest margin 4.98 % 5.14 % (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 Thursday, April 10, 2025 at 9:00 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/7y80d7DmL4j. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/7y80d7DmL4j 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 TravisPresident & CEO(405) 810-8600 SOURCE Bank7 Corp.

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