Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While the historical EPS growth rate for Bank7 is 36.8%, inves ...

Core Viewpoint - Bank7 has received positive estimate revisions, leading to a Zacks Rank 2 (Buy), indicating strong potential for investment [1][5]. Group 1: Stock Performance - Bank7's stock has increased by 21.8% over the past four weeks due to strong estimate revisions [2]. - The stock has shown solid short-term price momentum, suggesting that this trend may continue as earnings outlook improves [3]. Group 2: Earnings Estimates - The current quarter's earnings estimate for Bank7 is $1.07 per share, reflecting a year-over-year increase of +25.88% [6]. - For the full year, the expected earnings are $4.33 per share, indicating a year-over-year change of +41.97% [7]. - Over the last 30 days, there has been one upward revision in estimates for Bank7, with no negative revisions, resulting in a 10.31% increase in the Zacks Consensus Estimate [6]. Group 3: Analyst Sentiment - There is strong agreement among analysts regarding the upward revision of earnings estimates for Bank7, contributing to a positive consensus for the next quarter and full year [5]. - The trend of estimate revisions reflects growing optimism about Bank7's earnings prospects, which is expected to positively impact its stock price [4].

Bank7 Corporation (NASDAQ:BSVN) Q2 2024 Earnings Conference Call July 11, 2024 11:00 AM ET Company Participants Thomas Travis - President and Chief Executive Officer Kelly Harris - Chief Financial Officer Jason Estes - Chief Credit Officer Conference Call Participants Woody Lay - KBW Nathan Race - Piper Sandler Jordan Ghent - Stephens Operator Good day and welcome to the Bank7 Corp. Second Quarter Earnings Call. Before we get started, I'd like to highlight the legal information and disclaimer on Page 26 of ...

Group 1: Earnings Performance - Bank7 reported quarterly earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of $1 per share, and up from $1.05 per share a year ago, representing a 23% earnings surprise [1] - The company posted revenues of $24.4 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.16%, compared to year-ago revenues of $21.29 million [2] - Over the last four quarters, Bank7 has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Bank7 shares have increased approximately 15.3% since the beginning of the year, while the S&P 500 has gained 18.1% [4] - The current consensus EPS estimate for the upcoming quarter is $0.97 on revenues of $22.98 million, and for the current fiscal year, it is $4.13 on revenues of $93.55 million [8] - The estimate revisions trend for Bank7 is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Group 3: Industry Context - The Banks - Southeast industry, to which Bank7 belongs, is currently in the bottom 25% of over 250 Zacks industries, which may impact stock performance [10] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [6]

Oklahoma City, July 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 June 30, 2024. "We are pleased to announce another record quarter of net income and EPS. Our asset sensitive 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." Non-GAAP Financial Measures: ...

For the Three Months Ended June 30, 2024 March 31, 2024 June 30, 2023 | --- | --- | --- | |--------------------------------------------------------------|-----------|-----------| | | | | | Cash and due from banks | $ 210,105 | $ 181,042 | | Interest-bearing time deposits in other banks | 12,202 | 17,679 | | Available-for-sale debt securities | 66,284 | 169,487 | | Loans, net of allowance for credit losses of $17,772 and | | | | $19,691 at June 30, 2024 and December 31, 2023, respectively | 1,334,317 | 1,341 ...

Bank7 (BSVN) shares rallied 6% in the last trading session to close at $30.06. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.5% loss over the past four weeks. This company is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of -4.8%. Revenues are expected to be $23.2 million, up 9% from the year-ago quarter. For Bank7, the consensus EPS e ...

Core Viewpoint - Bank7 Corp. has declared a quarterly cash dividend of $0.21 per share on its outstanding common stock, which will be paid on July 9, 2024, to shareholders of record as of June 20, 2024 [1] Company Overview - Bank7 Corp. is a bank holding company headquartered in Oklahoma City, Oklahoma, operating through its wholly-owned subsidiary, Bank7, with twelve full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas [3] - The company focuses on serving business owners and entrepreneurs by providing fast, consistent, and well-designed loan and deposit products to meet their financing needs [3] - Bank7 Corp. intends to grow organically by selectively opening additional branches in target markets and pursuing strategic acquisitions [3]

The Zacks Consensus Estimate for BSVN's full-year earnings has moved 1.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Bank7 (BSVN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at t ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) The company's unaudited condensed consolidated financial statements for Q1 2024 are presented [Unaudited Condensed Consolidated Balance Sheets](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets reached $1.775 billion as of March 31, 2024, with a slight increase in net loans Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2024 (unaudited) | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$1,774,983** | **$1,771,666** | | Loans, net | $1,354,195 | $1,341,148 | | Available-for-sale debt securities | $151,872 | $169,487 | | Cash and due from banks | $193,218 | $181,042 | | **Total Liabilities** | **$1,594,601** | **$1,601,340** | | Total deposits | $1,580,172 | $1,591,391 | | **Total Shareholders' Equity** | **$180,382** | **$170,326** | [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Net income for Q1 2024 increased to $11.3 million, driven by higher net interest and noninterest income Q1 2024 vs Q1 2023 Performance (in thousands, except per share data) | Metric | Three months ended March 31, 2024 | Three months ended March 31, 2023 | | :--- | :--- | :--- | | Net Interest Income | $22,010 | $20,006 | | Provision for Credit Losses | $0 | $475 | | Total Noninterest Income | $2,008 | $672 | | Total Noninterest Expense | $9,135 | $7,649 | | **Net Income** | **$11,288** | **$9,607** | | **Diluted EPS** | **$1.21** | **$1.04** | | Comprehensive Income | $11,744 | $11,363 | [Unaudited Condensed Consolidated Statements of Shareholders' Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Shareholders'%20Equity) Shareholders' equity grew to $180.4 million, primarily due to net income outpacing cash dividends - Retained earnings increased from $79.0 million at the beginning of the period to **$88.3 million** at the end of Q1 2024, driven by **$11.3 million in net income**, less **$1.9 million in cash dividends** declared[17](index=17&type=chunk)[268](index=268&type=chunk) - The company declared cash dividends of **$0.21 per share** for the three months ended March 31, 2024, compared to **$0.16 per share** for the same period in 2023[268](index=268&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The period saw a net cash increase of $12.2 million, led by strong operating and investing activities Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $20,446 | $13,573 | | Net cash provided by (used in) investing activities | $5,233 | $(6,168) | | Net cash (used in) provided by financing activities | $(13,503) | $60,869 | | **Net Increase in Cash** | **$12,176** | **$68,274** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Key notes detail accounting policies, a recent asset acquisition, and credit loss methodology - The company is a bank holding company for Bank7, which provides banking services in Oklahoma, Texas, and Kansas[22](index=22&type=chunk)[24](index=24&type=chunk) - In late 2023, the company acquired proven oil and natural gas properties for **$15.1 million**, which contributed **$1.4 million in revenue** in Q1 2024[30](index=30&type=chunk)[31](index=31&type=chunk) - The company adopted the **CECL model** for credit losses on January 1, 2023, which increased the allowance for credit losses by **$250,000** for loans and **$500,000** for unfunded commitments upon adoption[91](index=91&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes Q1 2024 performance, highlighting income growth and impacts from a new oil and gas operation Q1 2024 Key Performance Metrics | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Pre-tax net income | $14.9 million | $12.6 million | | Pre-tax return on average assets | 3.40% | 3.18% | | Pre-tax return on average equity | 33.97% | 34.17% | | Efficiency ratio | 38.29% | 36.62% | - Total loans grew by **7.4% year-over-year** to $1.37 billion, and total deposits increased by **5.9%** to $1.58 billion as of March 31, 2024[177](index=177&type=chunk) - The provision for credit losses was **$0 for Q1 2024**, a decrease of $475,000 from the same period in 2023[178](index=178&type=chunk) [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Q1 2024 results show increased net interest income and a stable margin, with oil and gas assets boosting noninterest items - Net interest margin remained consistent at **5.14%** for Q1 2024 compared to Q1 2023, as the 74 basis point increase in interest-earning asset yields was offset by higher funding costs[191](index=191&type=chunk)[187](index=187&type=chunk) - The provision for credit losses decreased from **$475,000** in Q1 2023 to **$0** in Q1 2024[200](index=200&type=chunk) - The significant increases in both 'Other' noninterest income (+$1.3 million) and 'Other' noninterest expense (+$1.1 million) were primarily due to the revenues and expenses from the **oil and gas assets** acquired in Q4 2023[202](index=202&type=chunk)[203](index=203&type=chunk) [Financial Condition](index=38&type=section&id=Financial%20Condition) The company's financial condition remains strong with $1.77 billion in assets and a stable loan portfolio Loan Portfolio Composition (in thousands) | Loan Category | March 31, 2024 | % of Total | | :--- | :--- | :--- | | Total commercial real estate | $773,326 | 56.1% | | Commercial & industrial | $525,752 | 38.3% | | Agricultural | $62,132 | 4.5% | | Consumer | $15,069 | 1.1% | | **Gross loans** | **$1,376,279** | **100.0%** | Nonperforming Assets (in thousands) | Metric | March 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Nonaccrual loans | $24,345 | $18,941 | | Accruing loans 90+ days past due | $0 | $10,026 | | **Total nonperforming assets** | **$24,345** | **$28,967** | | Ratio of nonperforming assets to total assets | 1.37% | 1.64% | - The allowance for credit losses remained flat at **$19.7 million** at both March 31, 2024 and December 31, 2023[215](index=215&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a solid liquidity position and exceeds all 'well-capitalized' regulatory requirements - The company had borrowing availability with the Federal Home Loan Bank (FHLB) of **$166.2 million** as of March 31, 2024[238](index=238&type=chunk) Bank Capital Ratios as of March 31, 2024 | Ratio | Actual | 'Well-Capitalized' Minimum | | :--- | :--- | :--- | | Total capital (to risk-weighted assets) | 13.36% | 10.00% | | Tier 1 capital (to risk-weighted assets) | 12.11% | 8.00% | | CET 1 capital (to risk-weighted assets) | 12.11% | 6.50% | | Tier 1 capital (to average assets) | 10.10% | 5.00% | - Total shareholders' equity increased by **$10.1 million** to **$180.4 million** as of March 31, 2024, from $170.3 million at year-end 2023[243](index=243&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate volatility, managed by the ALCO without using derivatives - The company's primary market risk is **interest rate volatility**, which is managed by the Asset/Liability Committee (ALCO) in accordance with board-approved policies[72](index=72&type=chunk)[74](index=74&type=chunk) Simulated Change in Net Interest Income (12-Month Horizon, as of March 31, 2024) | Change in Interest Rates (Basis Points) | Percent Change in Net Interest Income | | :--- | :--- | | +400 | 19.08% | | +300 | 15.25% | | +200 | 11.44% | | +100 | 7.61% | [Item 4. Controls and Procedures](index=50&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes in internal control - Based on an evaluation as of March 31, 2024, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective**[82](index=82&type=chunk) - **No changes** occurred in the company's internal control over financial reporting during the three months ended March 31, 2024, that have materially affected, or are reasonably likely to materially affect, such controls[83](index=83&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) Current legal proceedings are not expected to have a material adverse effect on the company's financials - Management is of the opinion that no current legal proceedings would have a **material adverse effect** on the company's financial statements if determined adversely[85](index=85&type=chunk) [Item 1A. Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors disclosed in the 2023 Annual Report have occurred - **No material changes** have occurred in the risk factors previously disclosed in the Annual Report on Form 10-K for December 31, 2023[86](index=86&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A new share repurchase plan was adopted in October 2023, but no shares were repurchased in Q1 2024 - A new Repurchase Plan was adopted on October 30, 2023, authorizing the repurchase of up to **750,000 shares**, with **no shares repurchased** under this plan during the three months ended March 31, 2024[87](index=87&type=chunk) [Item 5. Other Information](index=51&type=section&id=Item%205.%20Other%20Information) No officers or directors adopted or terminated Rule 10b5-1 trading arrangements during the first quarter - **No officers or directors** adopted or terminated a Rule 10b5-1 or Non-Rule 10b5-1 trading arrangement during the three months ended March 31, 2024[44](index=44&type=chunk) [Item 6. Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including Sarbanes-Oxley certifications and XBRL data files - The exhibits filed include CEO and CFO certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act, as well as XBRL instance and taxonomy documents[46](index=46&type=chunk)