Bank7 Corp. Announces Q1 2025 Earnings

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].