Financial Performance - Total assets increased to $1835965 thousand, a 28% increase from the previous quarter[2] - Total loans reached $1497356 thousand, reflecting a 52% growth[2] - Total deposits amounted to $1594138 thousand, up by 28%[2] - Net income rose to $11105 thousand, a 74% increase[2] - Diluted earnings per share increased to $116, a 74% increase[2] Balance Sheet & Capital Management - Cash + unpledged securities + undrawn credit totaled $75714 million, providing 262x coverage of adjusted uninsured deposits of $28909 million[5] - Loans repricing in ≤1 year: $126 billion (8431%), with $108 billion (7192%) repricing daily[5] - The bank's CET1 ratio is 1389%, Tier 1 Leverage is 1249%, and TCE/TA is 1205%, all significantly above regulatory thresholds[5] Loan Portfolio - Variable-rate loans constitute 75% ($11263 million) of the loan portfolio, while fixed-rate loans account for 25% ($3737 million)[45] - Nonperforming loans to total loans ratio is 037%[5] - The loan portfolio has grown at a CAGR of 138% since 2020[57]

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Bank7 Corp. achieved strong Q2 2025 results with sequential growth in net income and diluted EPS, driven by robust loan growth and increased core deposits - The CEO highlighted strong organic loan growth, significant increases in core deposits and transaction accounts, and robust liquidity as key drivers of the quarter's exceptional performance. The company maintains a focus on pre-tax, pre-provision earnings (PPE) to ensure sustainable growth[1](index=1&type=chunk) Q2 2025 vs Q1 2025 Key Metrics | Metric | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | Net Income | $11.1 million | $10.3 million | +7.44% | | Earnings per share | $1.16 | $1.08 | +7.41% | | Total Assets | $1.8 billion | $1.8 billion | +2.83% | | Total Loans | $1.5 billion | $1.4 billion | +5.17% | | PPE | $14.7 million | $13.7 million | +7.25% | | Total Interest Income | $31.8 million | $30.4 million | +4.41% | [Financial Statements](index=2&type=section&id=Financial%20Statements) [Consolidated Balance Sheets](index=2&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets grew to $1.84 billion, primarily driven by a rise in net loans to $1.48 billion, funded by increased deposits and shareholders' equity Balance Sheet Comparison (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | $1,836,346 | $1,739,808 | | Loans, net | $1,479,134 | $1,379,465 | | Total Deposits | $1,594,138 | $1,515,471 | | Total Liabilities | $1,604,487 | $1,526,595 | | Total Shareholders' Equity | $231,859 | $213,213 | [Consolidated Statements of Income](index=3&type=section&id=Consolidated%20Statements%20of%20Income) Q2 2025 net income slightly decreased year-over-year to $11.1 million, impacted by lower interest income and higher noninterest expenses, despite a significant rise in mortgage lending income Income Statement Summary - Three Months Ended June 30 (in thousands, except per share data) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Interest Income | $21,738 | $21,232 | | Total Noninterest Income | $2,701 | $3,165 | | Total Noninterest Expense | $9,732 | $9,142 | | Income Before Taxes | $14,707 | $15,255 | | Net Income | $11,105 | $11,524 | | Earnings per common share - diluted | $1.16 | $1.23 | Income Statement Summary - Six Months Ended June 30 (in thousands, except per share data) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Interest Income | $42,580 | $43,242 | | Total Noninterest Expense | $18,616 | $18,278 | | Net Income | $21,441 | $22,812 | | Earnings per common share - diluted | $2.25 | $2.44 | - Mortgage lending income increased significantly to **$520 thousand in Q2 2025** from **$78 thousand in Q2 2024**[7](index=7&type=chunk) [Net Interest Margin Analysis](index=4&type=section&id=Net%20Interest%20Margin%20Analysis) The net interest margin compressed to 4.96% in Q2 2025 due to a larger decrease in asset yields compared to the reduction in liability costs, while the net interest spread widened Net Interest Margin - Three Months Ended June 30 | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Interest Spread | 4.01% | 3.78% | | Net Interest Margin | 4.96% | 5.15% | | Yield on Interest-Earning Assets | 7.25% | 7.87% | | Cost of Interest-Bearing Liabilities | 3.24% | 4.09% | Net Interest Margin - Six Months Ended June 30 | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Interest Spread | 4.01% | 3.74% | | Net Interest Margin | 4.97% | 5.15% | [Capital Adequacy](index=1&type=section&id=Capital%20Adequacy) As of June 30, 2025, both Bank7 Corp. and its subsidiary, Bank7, continue to exceed the regulatory requirements to be classified as 'well-capitalized' - The capital levels for both the Bank and the Company are significantly above the minimums required to be designated as 'well-capitalized' for regulatory purposes[2](index=2&type=chunk) Capital Ratios as of June 30, 2025 | Ratio | Bank | Company (Consolidated) | | :--- | :--- | :--- | | Tier 1 Leverage Ratio | 12.49% | 12.49% | | Tier 1 Risk-Based Capital Ratio | 13.90% | 13.89% | | Total Risk-Based Capital Ratio | 15.03% | 15.03% | [Non-GAAP Financial Measures](index=1&type=section&id=Non-GAAP%20Financial%20Measures) Management utilizes pre-provision pre-tax earnings (PPE) as a key non-GAAP metric, which increased to $14.7 million in Q2 2025 - Management uses pre-provision pre-tax earnings (PPE) to analyze performance, which adjusts GAAP net income to exclude income tax expense, provision for credit losses, and gains/losses on sales of available-for-sale debt securities[3](index=3&type=chunk) PPE Reconciliation (in thousands) | Line Item | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Net Income | $11,105 | $10,336 | | Income Tax Expense | $3,602 | $3,377 | | Pre-tax net income | $14,707 | $13,713 | | Pre-provision pre-tax earnings | $14,707 | $13,713 | [Company Overview and Outlook](index=6&type=section&id=Company%20Overview%20and%20Outlook) Bank7 Corp., an Oklahoma City-based bank holding company, serves business owners across three states with a growth strategy focused on organic expansion and strategic acquisitions - The company is focused on serving business owners and entrepreneurs in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas[10](index=10&type=chunk) - The company's growth strategy includes organic growth by opening new branches and pursuing strategic acquisitions[10](index=10&type=chunk) - The release contains forward-looking statements that are subject to significant uncertainties and risks, and actual results could differ materially. These statements are not guarantees of future performance[12](index=12&type=chunk)[13](index=13&type=chunk) [Conference Call Information](index=6&type=section&id=Conference%20Call%20Information) Bank7 Corp. will host a conference call on Thursday, July 17, 2025, at 9:00 a.m. CST to discuss its second-quarter 2025 results - A conference call is scheduled for Thursday, July 17, 2025, at 9:00 a.m. CST. Participants can dial 1-888-348-6421 or access the live webcast at https://app.webinar.net/46bjlDkrk8v[11](index=11&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Oklahoma 20-0764349 ( State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 1039 N.W. 63rd Street, Oklahoma City, Oklahoma 73116-7361 (Address of princi ...

Group 1 - Bank7 (BSVN) reported quarterly earnings of $1.08 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, but down from $1.21 per share a year ago, representing an earnings surprise of 11.34% [1] - The company posted revenues of $22.6 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.03%, compared to year-ago revenues of $24.02 million [2] - Bank7 has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates two times during the same period [2] Group 2 - The stock has underperformed, losing about 20.4% since the beginning of the year, while the S&P 500 declined by 7.2% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $1.01 on $23.8 million in revenues, and $4.06 on $95.4 million in revenues for the current fiscal year [7] Group 3 - The Zacks Industry Rank for Banks - Southeast is in the top 33% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Bank7 is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market in the near future [6]

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]

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 in 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 cautiously optimistic about future growth while maintaining a strong capital base and liquidity [10][29] - There is a focus on monitoring the economic environment closely, especially regarding tariffs and their potential impact on consumer sentiment [7][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in the current economic landscape and the potential inflationary effects of tariffs on consumers [6][7] - The company is prepared for potential distressed acquisition opportunities due to excess capital levels [69][72] Other Important Information - The company has a clean credit book with low past dues and strong capital levels, positioning it well for potential economic downturns [45] - The energy portfolio, which constitutes about 9-10% of overall loans, is well-managed with borrowers actively hedging against commodity price fluctuations [36][40] 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 - Hospitality is seasonal, and while January and February are typically weak, current occupancy rates remain steady [21][24] Question: Share buyback strategy - The company does not feel pressured to conduct share buybacks due to strong capital levels and high returns on equity [26][29] Question: Energy portfolio risks - The underwriting process includes sensitivity analyses, and borrowers are well-capitalized and hedged against price fluctuations [38][40] Question: Non-performing assets (NPAs) and loan levels - The credit book is clean with low past dues, and there are no alarming trends in loan grades [45] Question: Net interest margin (NIM) outlook - NIM improved due to lower bond costs 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: Oil and gas revenue trajectory - Oil and gas revenue is trending downwards, and the company expects a decrease in both income and expenses related to this sector [62][63] Question: M&A environment - The company is actively looking for acquisition opportunities but faces challenges due to high valuations and regulatory issues affecting other banks [71][72]

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].

Financial Performance - Pre-tax net income rose by $23.1 million, or 62.1%, to $60.4 million for the year ended December 31, 2024 compared to $37.2 million for the same period in 2023[162]. - Net income rose to $45,698 thousand in 2024, compared to $28,275 thousand in 2023, marking an increase of approximately 61.7%[273]. - Earnings per common share (basic) improved to $4.92 in 2024 from $3.09 in 2023, an increase of about 59.5%[273]. - Noninterest income grew to $11,254 thousand in 2024, up from $9,242 thousand in 2023, representing a rise of approximately 21.8%[273]. - The company declared cash dividends of $0.89 per share in 2024, compared to $0.74 per share in 2023, an increase of approximately 20.3%[276]. Loan and Deposit Trends - Total loans increased by $36.5 million, or 2.7%, to $1.40 billion as of December 31, 2024 compared to December 31, 2023[162]. - Total deposits decreased by $75.9 million, or 4.8%, to $1.52 billion as of December 31, 2024 compared to December 31, 2023[162]. - Average loan balances increased by $76.0 million to $1.39 billion during the year ended December 31, 2024 compared to $1.32 billion for the year ended December 31, 2023[168]. - Brokered deposits increased to $336.7 million as of December 31, 2024, up from $273.5 million in 2023, representing a growth of 23.1%[206]. - Noninterest-bearing demand deposits fell to $313.3 million, accounting for 20.7% of total deposits as of December 31, 2024, compared to 30.4% in 2023[209]. Interest Income and Expense - Net interest income for the year ended December 31, 2024 was $86.2 million, an increase from $82.5 million in 2023[173]. - Interest expense on interest-bearing deposits increased by $6.3 million, or 16.3%, to $45.3 million for the year ended December 31, 2024 compared to 2023[172]. - Total interest income on loans increased by $9.6 million, or 8.7%, to $119.4 million for the year ended December 31, 2024[168]. - The total increase in interest income for 2024 was $9.996 million, with a total increase in interest expense of $6.347 million, resulting in a net interest income increase of $3.649 million[174]. Credit Losses and Asset Quality - The provision for credit losses decreased by $21.1 million, or 100%, for the year ended December 31, 2024 compared to the same period in 2023[164]. - The allowance for credit losses was $17.9 million at December 31, 2024, down from $19.7 million at December 31, 2023, indicating a decrease of 9.1%[187]. - The ratio of nonperforming loans to total loans decreased to 0.51% in 2024 from 2.13% in 2023[196]. - Nonaccrual loans were recorded at $7.17 million as of December 31, 2024, down from $18.94 million in 2023[196]. - The net recoveries to average loans ratio was -0.13% for 2024, compared to 1.25% for 2023, indicating a deterioration in loan recoveries[188]. Capital and Equity - Total shareholders' equity increased to $213.2 million as of December 31, 2024, compared to $170.3 million in 2023 and $144.1 million in 2022, driven by retained capital from net income[220]. - The Bank was categorized as "well-capitalized" by the FDIC as of December 31, 2024, indicating a strong capital position[216]. - The Tier 1 capital to risk-weighted assets ratio was 13.99% as of December 31, 2024, above the required minimum of 8.50%[219]. - The CET 1 capital to risk-weighted assets ratio was 13.99% as of December 31, 2024, exceeding the minimum requirement of 7.00%[219]. Operational Efficiency - Noninterest expense for 2024 was $37.1 million, an increase of $3.7 million, or 11.0%, compared to $33.4 million in 2023[178]. - Salaries and employee benefits expense rose to $20.8 million in 2024, an increase of $3.4 million, or 19.6%, due to overall increases in compensation[178]. - The company reported a net change in deposits of $(75.920) million in 2024, contrasting with a positive change of $159.991 million in 2023[279]. - Cash receipts from the sale of loans originated for sale rose to $20.452 million in 2024, up from $10.535 million in 2023, indicating a growth of 94%[279]. Asset Management - Total assets decreased by $31.9 million, or 1.8%, to $1.74 billion as of December 31, 2024, compared to $1.77 billion as of December 31, 2023[181]. - The company utilizes a comprehensive loan grading system to determine risk potential in loans, which is integral to analyzing the adequacy of the allowance for credit losses[228]. - The estimated fair value of financial instruments is determined based on various factors, including quoted market prices and assumptions about future cash flows[240]. - The company manages its interest rate risk through the Asset/Liability Committee, which regularly reviews the sensitivity of assets and liabilities to interest rate changes[245].

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]