Core Viewpoint - Bank7 Corp. reported record annual results for 2024, achieving new milestones in net income, pre-provision pre-tax earnings (PPE), and earnings per share, attributed to a well-matched balance sheet, disciplined cost controls, and excellent credit quality [1][5]. Financial Performance - Net income for 2024 was $45.7 million, a 61.62% increase from $28.3 million in 2023 [5]. - Earnings per share rose to $4.84, up 58.69% from $3.05 in the previous year [5]. - Total assets decreased by 1.80% to $1.7 billion from $1.8 billion [5]. - Total loans increased by 2.69% to $1.4 billion [5]. - Pre-provision pre-tax earnings (PPE) reached $60.4 million, a 3.38% increase from $58.4 million [5]. - Total interest income grew by 8.22% to $131.5 million compared to $121.5 million in 2023 [5]. Capital Ratios - As of December 31, 2024, the Bank's Tier 1 leverage ratio was 12.18%, Tier 1 risk-based capital ratio was 13.99%, and total risk-based capital ratio was 15.22% [2]. - The Company's consolidated Tier 1 leverage ratio was 12.19%, Tier 1 risk-based capital ratio was 13.98%, and total risk-based capital ratio was 15.21% [2]. Non-GAAP Financial Measures - The Company utilizes pre-provision pre-tax earnings (PPE) as a non-GAAP financial measure to analyze performance, excluding income tax expense, provision for credit losses, and losses on sales of available-for-sale debt securities [3]. Balance Sheet Highlights - Cash and due from banks increased to $234.2 million from $181.0 million [4]. - Loans, net of allowance for credit losses, rose to $1.4 billion from $1.3 billion [4]. - Total deposits decreased to $1.5 billion from $1.6 billion [6]. Noninterest Income and Expenses - Total noninterest income for the year was $11.3 million, compared to $9.2 million in 2023 [7]. - Total noninterest expense decreased to $37.1 million from $33.4 million [7]. Shareholder Equity - Total shareholders' equity increased to $213.2 million from $170.3 million [6].

Core Points - Bank7 Corp. will release its financial results for Q4 and the full year ending December 31, 2024, on January 16, 2025, before market opens [1] - A conference call to discuss the financial results will take place at 10:00 a.m. CST on the same day [1] - Participants can join the call by dialing 1-888-348-6421 or accessing it online [1] Company Overview - Bank7 Corp. is a bank holding company based in Oklahoma City, operating through its subsidiary Bank7 with twelve locations across Oklahoma, Dallas/Fort Worth, Texas, and Kansas [3] - The company focuses on serving business owners and entrepreneurs by providing fast and well-designed loan and deposit products [3] - Bank7 intends to grow organically by selectively opening new branches in target markets and pursuing strategic acquisitions [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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) Oklahoma 20-0764349 ( State or other jurisdiction of incorpor ...

Financial Data and Key Metrics - Record earnings and record EPS achieved in the recent quarter and year-to-date results, driven by normal operations and not share buybacks [7] - Cash dividend increased significantly, with a payout ratio still in the 20% range, compared to the industry average of over 35% [7] - Strong liquidity position enhanced by adding a second liquidity backstop through the new Fed facility [6] - CET1 ratio shows $98 million of excess capital over prompt corrective action levels [18] Business Line Data and Key Metrics - Loan growth expected to finish in line with moderate to high single-digit growth for the year, with restrictions in certain segments like hospitality and energy to optimize portfolio returns [9] - Net interest income (NII) growth of over 20% in the quarter, with NIM expected to remain within historical ranges despite potential rate cuts [16][24] - Nonperforming assets (NPAs) increased by $1 million in the quarter, but significant principal reductions were achieved, including $1.6 million from the largest NPA and $1.1 million from an energy credit [17] Market Data and Key Metrics - Geographic advantage in the robust economic environment of the region, contributing to steady loan growth and economic activity [11][12] - Deposit betas moved in lockstep with loan betas, with no significant deposit runoff observed during rate adjustments [13][14] - Noninterest-bearing deposits expected to remain flat, with no major shifts in deposit mix [27] Company Strategy and Industry Competition - Disciplined approach to maintaining a balanced and matched balance sheet, proven through rate cycles [6] - Focus on opportunistic M&A, with discussions ongoing for potential transactions, particularly targeting core banking groups with strong funding and cultural alignment [19][21] - Emphasis on maintaining top-tier performance metrics, including efficiency ratio, ROE, ROA, and credit quality, while trading at 1.8-2 times book value and a P/E of 9.5-10% [22] Management Commentary on Operating Environment and Future Outlook - Cautious optimism despite upcoming national election and potential economic volatility, with comfort derived from strong capital and liquidity positions [4][5] - Management views the current interest rate environment as normal historically, with long-term averages showing no significant impact on borrowing or economic activity [11][12] - Expectations for continued strong economic activity in Texas and Oklahoma, supporting loan growth and credit quality [17][18] Other Important Information - Oil and gas-related revenue and expenses peaked in Q3, with Q4 projections showing $3 million in noninterest income and $9.5 million in noninterest expenses, including $1 million from oil and gas [26] - Credit quality remains strong, with ongoing efforts to reduce NPAs and manage criticized assets [17] Q&A Session Summary Question: Loan growth pipeline for Q4 - Loan growth expected to align with moderate to high single-digit growth for the year, with selective restrictions in certain segments [9] Question: Impact of rate cuts on client activity - No significant change in client activity observed despite recent rate cuts [10] Question: Deposit betas and future rate adjustments - Deposit betas moved in lockstep with loan betas, with no significant runoff observed during rate adjustments [13][14] Question: NII growth prospects amid expected rate declines - NII growth expected to remain strong, with NIM staying within historical ranges despite potential rate cuts [16][24] Question: Credit quality and criticized asset trends - Credit quality remains stable, with significant principal reductions achieved and ongoing efforts to manage NPAs [17] Question: Provisioning levels and reserve trends - Provisioning expected to remain in the same range, with a focus on maintaining strong asset quality and economic activity [18] Question: M&A environment and acquisition prospects - Active M&A discussions ongoing, with a focus on core banking groups and potential MOE (merger of equals) opportunities [19][21] Question: Key financial metrics for M&A evaluation - Focus on long-term fundamental principles, including P/E ratios, tangible book value, and deposit premiums, while maintaining top-tier performance metrics [22] Question: Core margin outlook amid Fed rate cuts - Core margin expected to remain within historical ranges, with no significant concerns about managing through rate cuts [24] Question: Oil and gas-related revenue and expenses - Oil and gas-related revenue and expenses peaked in Q3, with Q4 projections showing a decline in related income and expenses [26] Question: Noninterest-bearing deposit trends - Noninterest-bearing deposits expected to remain flat, with no major shifts in deposit mix [27]

Company Performance - Bank7 (BSVN) reported quarterly earnings of $1.24 per share, exceeding the Zacks Consensus Estimate of $1.07 per share, and up from $0.85 per share a year ago, representing an earnings surprise of 15.89% [1] - The company posted revenues of $24.89 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.73%, compared to $21.75 million in the same quarter last year [2] - Over the last four quarters, Bank7 has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance - Bank7 shares have increased approximately 37.1% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.04 on revenues of $24.1 million, and for the current fiscal year, it is $4.39 on revenues of $96.5 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the bottom 29% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q3 2024 Earnings Oklahoma City, October 11, 2024 – Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the quarter ended September 30, 2024. "We are pleased to announce another record quarter of net income and EPS. Our properly matched balance sheet, disciplined approach to cost controls, and excellent credit quality continues to produce outstanding results" said Thomas L. ...

OKLAHOMA CITY, Oct. 11, 2024 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma Citybased Bank7 (the "Bank"), today reported unaudited results for the quarter ended September 30, 2024. "We are pleased to announce another record quarter of net income and EPS. Our properly matched balance sheet, disciplined approach to cost controls, and excellent credit quality continues to produce outstanding results" said Thomas L. Travis, President and CEO of the Company." For the t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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) Oklahoma 20-0764349 ( State or other jurisdiction of incorporation ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

A downtrend has been apparent in Bank7 (BSVN) lately. While the stock has lost 9.3% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. ...