Bank7(US:BSVN)2025-07-17 12:00Financial Highlights 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 growth1 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 Consolidated Balance Sheets 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 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 20247 Net Interest Margin Analysis 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 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 purposes2 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 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 securities3 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 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 Kansas10 - The company's growth strategy includes organic growth by opening new branches and pursuing strategic acquisitions10 - 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 performance1213 Conference Call Information 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)