Bank7 Corp. Announces Q2 2026 Earnings

Bank7 Corp. Announces Q2 2026 Earnings News provided by Bank7 Corp. Jul 16, 2026, 08:00 ET Share this article Share to X Share this article Share to X OKLAHOMA CITY , July 16, 2026 /PRNewswire/ -- 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, 2026. "We are pleased with our core banking results this quarter. Reported results include a non-recurring loss on the sale of energy assets, which followed the successful maximization of our loan loss recovery related to an energy loan previously charged off in 2023. The Company continues to benefit from strong capital, robust liquidity, a solid net interest margin, and excellent credit quality, which are all supported by our properly matched balance sheet and our location in the dynamic markets we serve," said Thomas L. Travis, President and CEO of the Company. For the three months ended June 30, 2026 compared to the three months ended June 30, 2025: Net income of $8.35 million compared to $11.11 million, a decrease of 24.84% Earnings per share of $0.87 compared to $1.16, a decrease of 25.00% Total assets of $1.91 billion compared to $1.84 billion, an increase of 4.25% Total loans of $1.60 billion compared to $1.50 billion, an increase of 6.68% Pre-provision pre-tax earnings of $11.02 million compared to $14.71 million, a decrease of 25.10% Total interest income of $30.93 million compared to $31.78 million, a decrease of 2.69% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On June 30, 2026, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.88%, 15.18%, and 16.36%, respectively. On June 30, 2026, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.88%, 15.17%, and 16.35%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. Non-GAAP Financial Measures: This earnings release contains the non-GAAP financial measure pre-provision pre-tax earnings. The Company's management uses this non-GAAP measure in their analysis of the Company's performance. This measure adjusts GAAP performance to exclude from net income, income tax expense, provision for credit losses, and loss on sales and calls of available-for-sale debt securities. For the Three Months Ended June 30, June 30, 2026 2025 Calculation of Pre-Provision Pre-Tax Earnings (Dollars in thousands) Net Income $ 8,346 $ 11,105 Income Tax Expense 2,669 3,602 Pre-tax net income 11,015 14,707 Add back: Provision for credit losses - - Add back: (Gain)Loss on sales/calls of AFS debt securities - - Pre-provision pre-tax earnings $ 11,015 $ 14,707 Unaudited Condensed Consolidated Balance Sheets (Dollar amounts in thousands, except par value) Assets June 30, 2026 (unaudited) December 31, 2025 (Dollars in thousands) Cash and due from banks $ 220,585 $ 244,635 Interest-bearing time deposits in other banks 1,494 10,457 Available-for-sale debt securities (amortized cost of $54,950 and $57,316 at June 30, 2026 and December 31, 2025, respectively) 51,622 54,019 Loans, net of allowance for credit losses of $19,512 and $19,407 at June 30, 2026 and December 31, 2025, respectively 1,577,838 1,587,024 Loans held for sale 5,156 2,078 Premises and equipment, net 25,897 21,884 Nonmarketable equity securities 1,183 1,165 Core deposit intangibles 690 752 Goodwill 11,208 11,208 Interest receivable and other assets 18,654 30,418 Total assets $ 1,914,327 $ 1,963,640 Liabilities and Shareholders' Equity Deposits Noninterest-bearing $ 329,240 $ 341,416 Interest-bearing 1,308,563 1,359,417 Total deposits 1,637,803 1,700,833 Income taxes payable 839 594 Interest payable and other liabilities 9,379 11,218 Total liabilities 1,648,021 1,712,645 Shareholders' equity Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,519,335 and 9,462,656 at June 30, 2026 and December 31, 2025, respectively 95 95 Additional paid-in capital 103,865 103,739 Retained earnings 164,919 149,707 Accumulated other comprehensive loss (2,573) (2,546) Total shareholders' equity 266,306 250,995 Total liabilities and shareholders' equity $ 1,914,327 $ 1,963,640 Unaudited Condensed Consolidated Statements of Comprehensive Income (Dollar amounts in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2026 (unaudited) 2025 (unaudited) 2026 (unaudited) 2025 (unaudited) Interest Income (Dollars in thousands) Loans, including fees $ 28,980 $ 28,965 $ 60,592 $ 56,293 Interest-bearing time deposits in other banks 38 145 150 246 Debt securities, taxable 249 278 499 561 Debt securities, tax-exempt 59 63 119 126 Other interest and dividend income 1,601 2,330 3,350 4,997 Total interest income 30,927 31,781 64,710 62,223 Interest Expense Deposits 9,022 10,043 18,613 19,643 Total interest expense 9,022 10,043 18,613 19,643 Net Interest Income 21,905 21,738 46,097 42,580 Provision for Credit Losses - - - - Net Interest Income After Provision for Credit Losses 21,905 21,738 46,097 42,580 Noninterest Income Mortgage lending income 476 520 851 610 Service charges on deposit accounts 215 232 464 450 Other 311 1,949 1,653 3,396 Total noninterest income 1,002 2,701 2,968 4,456 Noninterest Expense Salaries and employee benefits 6,196 5,721 12,527 11,000 Furniture and equipment 422 361 763 612 Occupancy 724 630 1,410 1,222 Data and item processing 546 590 1,089 1,100 Accounting, marketing and legal fees 437 158 1,022 263 Regulatory assessments 259 213 518 297 Advertising and public relations 98 223 270 417 Travel, lodging and entertainment 104 121 174 177 Other 3,106 1,715 4,456 3,528 Total noninterest expense 11,892 9,732 22,229 18,616 Income Before Taxes 11,015 14,707 26,836 28,420 Income tax expense 2,669 3,602 6,484 6,979 Net Income $ 8,346 $ 11,105 $ 20,352 $ 21,441 Earnings per common share - basic $ 0.88 $ 1.18 $ 2.14 $ 2.27 Earnings per common share - diluted 0.87 1.16 2.12 2.25 Weighted average common shares outstanding - basic 9,519,335 9,449,152 9,505,283 9,435,414 Weighted average common shares outstanding - diluted 9,604,143 9,545,128 9,600,421 9,548,583 Other Comprehensive Income (Loss) Unrealized (losses) gains on securities, net of tax expense of $50 and $189 for the three months ended June 30, 2026 and 2025, respectively; net of tax (benefit) expense of ($5) and $419 for the six months ended June 30, 2026 and 2025, respectively $ 114 $ 587 $ (27) $ 1,229 Other comprehensive income (loss) $ 114 $ 587 $ (27) $ 1,229 Comprehensive Income $ 8,460 $ 11,692 $ 20,325 $ 22,670 Net Interest Margin For the Three Months Ended June 30, 2026 (unaudited) 2025 (unaudited) Average Balance Interest Income/ Expense Average Yield/ Rate Average Balance Interest Income/ Expense Average Yield/ Rate (Dollars in thousands) Interest-Earning Assets: Short-term investments $ 184,292 $ 1,639 3.57 % $ 247,652 $ 2,475 4.01 % Debt securities, taxable-equivalent 42,166 249 2.37 47,285 278 2.36 Debt securities, tax exempt 10,975 59 2.16 12,502 63 2.02 Loans held for sale 1,998 - - 1,987 - - Total loans(1) 1,588,481 28,980 7.32 1,448,924 28,965 8.02 Total interest-earning assets 1,827,912 30,927 6.79 1,758,350 31,781 7.25 Noninterest-earning assets 35,384 43,048 Total assets $ 1,863,296 $ 1,801,398 Funding sources: Interest-bearing liabilities: Deposits: Transaction accounts $ 1,003,124 $ 6,721 2.69 % $ 1,006,484 $ 7,676 3.06 % Time deposits 262,081 2,301 3.52 236,108 2,367 4.02 Total interest-bearing deposits 1,265,205 9,022 2.86 1,242,592 10,043 3.24 Total interest-bearing liabilities $ 1,265,205 9,022 2.86 $ 1,242,592 10,043 3.24 Noninterest-bearing liabilities: Noninterest-bearing deposits $ 325,384 $ 321,351 Other noninterest-bearing liabilities 9,157 10,471 Total noninterest-bearing liabilities 334,541 331,822 Shareholders' equity 263,550 226,984 Total liabilities and shareholders' equity $ 1,863,296 $ 1,801,398 Net interest income $ 21,905 $ 21,738 Net interest spread 3.93 % 4.01 % Net interest margin 4.81 % 4.96 % (1) Nonaccrual loans are included in total loans Net Interest Margin For the Six Months Ended June, 30 2026 (unaudited) 2025 (unaudited) Average Balance Interest Income/ Expense Average Yield/ Rate Average Balance Interest Income/ Expense Average Yield/ Rate (Dollars in thousands) Interest-Earning Assets: Short-term investments $ 197,098 $ 3,500 3.58 % $ 242,876 $ 5,243 4.35 % Debt securities, taxable-equivalent 42,861 499 2.35 47,957 561 2.36 Debt securities, tax exempt 11,013 119 2.18 12,508 126 2.03 Loans held for sale 1,991 - - 1,287 - - Total loans(1) 1,592,320 60,592 7.67 1,423,776 56,293 7.97 Total interest-earning assets 1,845,283 64,710 7.07 1,728,404 62,223 7.26 Noninterest-earning assets 38,323 41,511 Total assets $ 1,883,606 $ 1,769,915 Funding sources: Interest-bearing liabilities: Deposits: Transaction accounts $ 1,030,802 $ 13,944 2.73 % $ 981,833 $ 14,794 3.04 % Time deposits 263,338 4,669 3.58 236,216 4,849 4.14 Total interest-bearing deposits 1,294,140 18,613 2.90 1,218,049 19,643 3.25 Total interest-bearing liabilities $ 1,294,140 $ 18,613 2.90 $ 1,218,049 $ 19,643 3.25 Noninterest-bearing liabilities: Noninterest-bearing deposits $ 320,326 $ 318,952 Other noninterest-bearing liabilities 9,335 10,228 Total noninterest-bearing liabilities 329,661 329,180 Shareholders' equity 259,805 222,686 Total liabilities and shareholders' equity $ 1,883,606 $ 1,769,915 Net interest income $ 46,097 $ 42,580 Net interest spread 4.17 % 4.01 % Net interest margin 5.04 % 4.97 % (1) Nonaccrual loans are included in total loans About Bank7 Corp. We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. Conference Call Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Thursday, July 16, 2026 at 10:00 a.m. central standard time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at https://app.webinar.net/ZB5xN3Bnq1w . For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/ZB5xN3Bnq1w shortly after the call for 1 year. Cautionary Statements Regarding Forward-Looking Information This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. Contact: Thomas Travis President & CEO (405) 810-8600 SOURCE Bank7 Corp. 21 % more press release views with Request a Demo × Modal title