Financial Data and Key Metrics Changes - The company reported strong earnings, contributing to high levels of capital and maintaining strong liquidity without debt [9][10] - The net interest margin (NIM) bottomed out at 4.60% and is expected to hold up well going into Q2 and Q3 [48] Business Line Data and Key Metrics Changes - Loan growth was primarily driven by the hospitality portfolio, with additional strength in commercial and industrial (C&I) bookings [15][17] - The company has internal self-imposed limits on each loan category, ensuring that growth remains within norms [19] Market Data and Key Metrics Changes - The company operates in high-growth areas such as Oklahoma City, Tulsa, and Texas, which are characterized by strong and diverse economies [17] - The capital markets are experiencing nervousness, with large outflows from equities affecting bank stocks [6][8] Company Strategy and Development Direction - The company is focused on maintaining a strong capital base and is cautious about share buybacks, emphasizing the importance of having ample capital in a volatile environment [26][29] - The management is actively monitoring the economic landscape, particularly the impact of tariffs and trade wars on consumer sentiment and business operations [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the future, acknowledging the volatility in the current economic environment and the need to stay close to commercial customers [10][11] - The company is prepared for potential acquisition opportunities that may arise from market stress, although it remains disciplined in its approach [71][72] Other Important Information - The company highlighted the importance of strong relationships with commercial clients and the proactive measures they are taking to mitigate risks associated with international economies and tariffs [55][61] - The energy portfolio, which constitutes about 9-10% of overall loans, is well-managed with borrowers actively hedging against commodity price fluctuations [36][38] Q&A Session Summary Question: Loan growth and macro uncertainty - The hospitality portfolio showed strong growth, and there is a good backlog of deals, but future bookings remain uncertain due to economic conditions [15][17] Question: Trends in hospitality portfolio - The hospitality sector is seasonal, and while occupancy rates are steady, it is too early to assess the full impact of current economic conditions [20][22] Question: Share buyback strategy - The company does not feel pressured to conduct share buybacks due to strong capital levels and is focused on maintaining flexibility in a volatile market [26][29] Question: Energy portfolio risks - The underwriting process is robust, with borrowers hedging against commodity price risks, ensuring the portfolio is well-equipped to handle stress [38][40] Question: Non-performing assets (NPAs) and loan grades - The credit book is clean, with low past dues and no alarming trends, positioning the company well for potential economic downturns [45] Question: Net interest margin outlook - The NIM improved due to lower costs of bonds and is expected to perform well in the upcoming quarters [48] Question: Impact of tariffs on clients - Clients are exploring alternative supply chains to mitigate the impact of tariffs, and larger companies are proactive in finding solutions [54][56] Question: M&A environment - The company is actively looking for acquisition opportunities but faces challenges due to the quality of banks available and the overhang of AOCI issues [71][72]

Bank7 (BSVN) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.34%. A quarter ago, it was expected that this company would post earnings of $1.05 per share when it actually produced earnings of $1.16, delivering a surprise of 10.48%.Over the last four quarters, the company has surpas ...

Financial Performance - Net income for Q1 2025 was $10.3 million, a decrease of 8.43% compared to $11.3 million in Q1 2024[5] - Earnings per share decreased to $1.08, down 10.74% from $1.21 in the same quarter last year[5] - Pre-provision pre-tax earnings (PPE) decreased by 7.86% to $13.7 million from $14.9 million year-over-year[5] - Total interest income fell by 8.56% to $30.4 million compared to $33.3 million in Q1 2024[5] - The net interest margin decreased to 4.98% from 5.14% in Q1 2024[8] Asset and Loan Growth - Total assets increased by 0.59% to $1.8 billion compared to $1.79 billion in Q1 2024[5] - Total loans rose by 3.63% to $1.4 billion from $1.35 billion in Q1 2024[5] Capital Ratios - The Bank's Tier 1 leverage ratio was 12.39%, and total risk-based capital ratio was 15.25% as of March 31, 2025, indicating strong capital levels[2] Strategic Plans - The company plans to grow organically by selectively opening additional branches and pursuing strategic acquisitions[9] Forward-Looking Statements - Bank7 Corp. emphasizes that forward-looking statements reflect current views on future events and financial performance[11] - The company acknowledges significant uncertainties affecting forward-looking statements, including interest rates and economic conditions[12] - Actual results may differ materially from anticipated outcomes due to risks and uncertainties that are difficult to predict[12] - Bank7 Corp. does not undertake any obligation to update or revise forward-looking statements after their initial date[12] - The company’s financial condition and results of operations are influenced by various factors, including regulatory standards and economic conditions[12] - Forward-looking statements are based on current expectations and projections about future financial trends[12] - The company cautions against placing undue reliance on forward-looking statements due to inherent uncertainties[12] Conference Call - The conference call to discuss Q1 results is scheduled for April 10, 2025, at 9:00 a.m. CST[10] Leadership - Bank7 Corp. is led by President & CEO Thomas Travis, who can be contacted for further inquiries[13]

Core Viewpoint - Bank7 Corp. reported strong financial performance for the first quarter of 2025, highlighting robust earnings, liquidity, and credit quality metrics, while expressing readiness to navigate economic volatility [1][2]. Financial Performance - Net income for the three months ended March 31, 2025, was $10.3 million, a decrease of 8.43% from $11.3 million in the same period of 2024 [6]. - Earnings per share decreased to $1.08 from $1.21, reflecting a decline of 10.74% [6]. - Pre-provision pre-tax earnings (PPE) were reported at $13.7 million, down 7.86% from $14.9 million year-over-year [6][8]. Capital Ratios - As of March 31, 2025, the Bank's Tier 1 leverage ratio was 12.39%, Tier 1 risk-based capital ratio was 14.03%, and total risk-based capital ratio was 15.25%, all significantly above the minimum regulatory requirements [2][6]. Balance Sheet Highlights - Total assets increased to $1.8 billion, reflecting a growth of 0.59% compared to the previous year [6]. - Total loans reached $1.4 billion, marking an increase of 3.63% year-over-year [6]. - Cash and due from banks amounted to $240.6 million, up from $234.2 million at the end of 2024 [5]. Interest Income and Expenses - Total interest income for the quarter was $30.4 million, a decrease of 8.56% from $33.3 million in the prior year [6][8]. - Total interest expense was $9.6 million, down from $11.3 million, contributing to a net interest income of $20.8 million [6][8]. Noninterest Income and Expenses - Total noninterest income was $1.8 million, down from $2.0 million year-over-year [8]. - Total noninterest expenses decreased slightly to $8.9 million from $9.1 million [8]. Shareholder Equity - Shareholders' equity increased to $221.7 million from $213.2 million at the end of 2024, reflecting a solid capital position [5][6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38656 BANK7 CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S ...

Summary of Key Points - The stock price of Bank7 Corp. (NASDAQ: BSVN) has decreased by approximately 13% since November 2024 [1] - The company has reported a decline in its loan book balance for the last quarter of 2024 [1]

Core Viewpoint - Bank7 (BSVN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, as institutional investors adjust their valuations based on these estimates [4][6]. Implications of the Upgrade - The upgrade for Bank7 suggests an improvement in the company's underlying business, which could lead to increased buying pressure and a rise in stock price [5][10]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating the potential for significant returns [7]. Earnings Estimate Revisions for Bank7 - For the fiscal year ending December 2025, Bank7 is expected to earn $3.95 per share, reflecting a decrease of -18.4% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Bank7 has increased by 0.1%, indicating a positive trend in earnings estimates [8]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, with only the top 5% of stocks receiving a 'Strong Buy' rating, positioning Bank7 among the best in terms of earnings estimate revisions [9][10].

Financial Data and Key Metrics Changes - The company reported strong financial results for Q4 2024, with a notable increase in earnings per share (EPS) not driven by share buybacks, maintaining a dividend payout ratio in the 20% range, lower than the industry average of 35% [11][12] - The net interest margin (NIM) was reported at 4.5%, with expectations of maintaining stability despite potential compression due to economic conditions [30][39] Business Line Data and Key Metrics Changes - Loan shrinkage was observed in the energy and hospitality segments, primarily due to unscheduled principal payoffs, with over $160 million in payoffs for the full year [19][20] - Commercial and Industrial (C&I) loans grew over 5% for the year, indicating a focus on diversifying the loan portfolio [22] Market Data and Key Metrics Changes - The company noted a slight improvement in deal flow, although uncertainty around interest rates may keep some clients cautious [23][24] - The current economic environment, including inflation and interest rate variability, is acknowledged as a factor influencing loan demand and overall market conditions [7][9] Company Strategy and Development Direction - The company is focused on maintaining a disciplined approach to balance sheet management, emphasizing strong asset quality and expense controls [10][12] - There is an ongoing pursuit of M&A opportunities, with the company actively seeking strategic acquisitions, particularly in Texas, although no deals were closed in 2024 [62][65] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic environment, particularly in light of potential regulatory changes from the incoming administration [6][7] - The company is prepared for potential interest rate fluctuations and is focused on maintaining a healthy NIM despite anticipated challenges [26][39] Other Important Information - The company has enhanced its liquidity position by adding a second liquidity backstop with the Fed, providing additional security [9] - Non-accrual interest was reported to be around $600,000, which may impact normalization in the first quarter [86] Q&A Session Summary Question: Loan shrinkage in the fourth quarter - Management indicated that the shrinkage was mainly driven by the energy and hospitality segments, with expectations of further paydowns in the first quarter [18][20] Question: Loan demand and interest rate uncertainty - Management noted a slight improvement in deal flow but acknowledged that uncertainty around interest rates may keep some clients on the sidelines [23][24] Question: NIM performance and future expectations - Management exceeded expectations for NIM in the quarter, currently at 4.5%, with potential for short-term pressure due to loan paydowns [30][39] Question: Deposit cost leverage opportunities - Management indicated limited opportunities to reprice CDs lower due to their smaller size within the overall deposit portfolio [47][48] Question: Expense run rate and investments - The company anticipates a core noninterest expense of $8.2 million for Q1, with no significant upward pressure expected from new investments [56][60] Question: M&A opportunities and capital deployment - Management is actively pursuing M&A opportunities and remains disciplined in their approach, with a focus on strategic growth rather than just expansion [62][65]

Group 1 - Bank7 reported quarterly earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.05 per share, and showing a significant increase from $0.12 per share a year ago, resulting in an earnings surprise of 10.48% [1] - The company posted revenues of $24.14 million for the quarter ended December 2024, which was slightly below the Zacks Consensus Estimate by 0.26%, and a decrease from $28.07 million in the same quarter last year [2] - Over the last four quarters, Bank7 has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Group 2 - The stock has underperformed the market with a loss of about 1.5% since the beginning of the year, while the S&P 500 has gained 1.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $23.6 million, and for the current fiscal year, it is $3.92 on revenues of $95.7 million [7] - The Zacks Industry Rank for Banks - Southeast is in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - Net income for 2024 reached $45.7 million, a 61.62% increase from $28.3 million in 2023[5] - Earnings per share increased to $4.84, up 58.69% from $3.05 in the previous year[5] - Pre-provision pre-tax earnings (PPE) rose to $60.4 million, a 3.38% increase from $58.4 million in 2023[5] - The Company reported a comprehensive income of $46.9 million for the year, compared to $31.4 million in 2023[8] - For the year ended December 31, 2024, net interest income was $86,195 thousand, an increase from $82,546 thousand in 2023[9] - For the three months ended December 31, 2024, net interest income was $21,737 thousand, compared to $21,297 thousand in the same period of 2023[10] Asset and Liability Management - Total assets decreased to $1.7 billion, down 1.80% from $1.8 billion in 2023[5] - Total assets as of December 31, 2024, were $1,723,297 thousand, down from $1,770,052 thousand in 2023[10] - Total loans increased by 2.69% to $1.4 billion, compared to $1.4 billion in 2023[5] - Total loans increased to $1,391,552 thousand in 2024, with a yield of 8.56%, up from $1,315,578 thousand and a yield of 8.35% in 2023[9] - The Company’s total deposits decreased to $1.5 billion, down 4.77% from $1.6 billion in 2023[7] Capital and Ratios - The Bank's Tier 1 leverage ratio was 12.18% as of December 31, 2024, indicating strong capital levels[2] - Shareholders' equity increased to $213.2 million, up from $170.3 million in 2023[7] - The net interest margin improved to 5.11% in 2024 from 4.97% in 2023[9] - The net interest margin for the three months ended December 31, 2024, was 5.12%, an increase from 4.85% in 2023[10] Growth Strategy - The company plans to grow organically by selectively opening additional branches and pursuing strategic acquisitions[11] Future Outlook - Forward-looking statements indicate potential uncertainties related to interest rates and economic conditions affecting financial performance[13][14] - The conference call to discuss third quarter results is scheduled for January 16, 2025[12]