Bank7 (BSVN) Q2 Earnings and Revenues Surpass Estimates

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]