Bank7 Corp. Announces Q3 2025 Earnings

OKLAHOMA CITY, Oct. 15, 2025 /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 September 30, 2025. "We are delighted to announce another solid quarter, evidenced by strong PPE from our properly matched balance sheet and a resilient core net interest margin. Our robust capital ratios, exceptional liquidity, and location in dynamic geographical markets positions us for sustained growth in 2025," said Thomas L. Travis, President and CEO of the Company.

For the three months ended September 30, 2025 compared to the three months ended June 30, 2025:

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 September 30, 2025, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.71%, 14.23%, and 15.44%, respectively. On September 30, 2025, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.71%, 14.22%, and 15.43%, 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

September 30,

2025

June 30,

2025

Calculation of Pre-Provision Pre-Tax Earnings ("PPE")

(Dollars in thousands)

Net Income

$ 10,844

$ 11,105

Income Tax Expense

3,342

3,602

Pre-tax net income

14,186

14,707

Add back: Provision for credit losses

700

Add back: (Gain)Loss on sales/calls of AFS debt securities

Pre-provision pre-tax earnings

$ 14,896

$ 14,707

Unaudited Condensed Consolidated Balance Sheets

(Dollar amounts in thousands, except par value)

Assets

September 30, 2025

(unaudited)

December 31,

2024

(Dollars in thousands)

Cash and due from banks

$ 241,768

$ 234,196

Interest-bearing time deposits in other banks

14,935

6,719

Available-for-sale debt securities (amortized cost of $58,771 and

$66,445 at September 30, 2025 and December 31, 2024)

54,858

59,941

Loans, net of allowance for credit losses of $19,405 and

$17,918 at September 30, 2025 and December 31, 2024, respectively

1,514,822

1,379,465

Loans held for sale

1,883

Premises and equipment, net

21,057

18,137

Nonmarketable equity securities

1,169

1,283

Core deposit intangibles

784

878

Goodwill

11,208

8,458

Interest receivable and other assets

28,951

30,731

Total assets

$ 1,891,435

$ 1,739,808

Liabilities and Shareholders' Equity

Deposits

Noninterest-bearing

$ 340,985

$ 313,258

Interest-bearing

1,295,842

1,202,213

Total deposits

1,636,827

1,515,471

Income taxes payable

146

Interest payable and other liabilities

12,726

11,047

Total liabilities

1,649,699

1,526,595

Shareholders' equity

Common stock, $0.01 par value; 50,000,000 shares authorized; shares

issued and outstanding: 9,451,979 and 9,390,211 at September 30, 2025

and December 31, 2024, respectively

Additional paid-in capital

103,184

101,809

Retained earnings

141,478

116,281

Accumulated other comprehensive loss

(3,021)

(4,971)

Total shareholders' equity

241,736

213,213

Total liabilities and shareholders' equity

$ 1,891,435

$ 1,739,808

Unaudited Condensed Consolidated Statements of Comprehensive Income

(Dollar amounts in thousands, except per share data)

Three Months Ended

Nine Months Ended

September 30,

2025

(unaudited)

2024

(unaudited)

2025

(unaudited)

2024

(unaudited)

Interest Income

(Dollars in thousands)

Loans, including fees

$ 30,914

$ 30,791

$ 87,207

$ 89,834

Interest-bearing time deposits in other banks

160

177

406

675

Debt securities, taxable

266

303

827

2,266

Debt securities, tax-exempt

187

214

Other interest and dividend income

2,317

2,148

7,315

6,221

Total interest income

33,717

33,488

95,942

99,210

Interest Expense

Deposits

10,691

12,271

30,334

34,752

Total interest expense

10,691

12,271

30,334

34,752

Net Interest Income

23,026

21,217

65,608

64,458

Provision for Credit Losses

700

Net Interest Income After Provision for Credit Losses

22,326

21,217

64,908

64,458

Noninterest Income

Mortgage lending income

391

103

1,000

233

Loss on sales, prepayments, and calls of available-for-sale debt securities

(10)

(4)

(10)

(4)

Service charges on deposit accounts

248

233

697

742

Other

1,581

3,345

4,976

7,881

Total noninterest income

2,210

3,677

6,663

8,852

Noninterest Expense

Salaries and employee benefits

5,829

5,333

16,829

15,740

Furniture and equipment

342

258

954

813

Occupancy

668

711

1,890

1,985

Data and item processing

515

498

1,615

1,437

Accounting, marketing and legal fees

221

218

484

582

Regulatory assessments

248

261

545

984

Advertsing and public relations

212

129

629

358

Travel, lodging and entertainment

112

289

270

Other

2,203

1,903

5,729

5,507

Total noninterest expense

10,350

9,398

28,964

27,676

Income Before Taxes

14,186

15,496

42,607

45,634

Income tax expense

3,342

3,719

10,322

11,045

Net Income

$ 10,844

$ 11,777

$ 32,285

$ 34,589

Earnings per common share - basic

$ 1.15

$ 1.26

$ 3.42

$ 3.73

Earnings per common share - diluted

1.13

1.24

3.38

3.68

Weighted average common shares outstanding - basic

9,450,984

9,323,622

9,440,655

9,264,616

Weighted average common shares outstanding - diluted

9,597,914

9,498,318

9,565,726

9,402,214

Other Comprehensive Income

Unrealized gains on securities, net of tax expense of $223 and $515 for the three months

ended September 30, 2025 and 2024, respectively; net of tax expense of $406 and $638

for the nine months ended September 30, 2025 and 2024, respectively

$ 713

$ 1,628

$ 1,942

$ 2,025

Reclassification adjustment for realized losses included in net income net of tax of $2 and $1

for the three months ended September 30, 2025, and 2024, respectively; $2 and $1 for the

nine months ended September 30, 2025 and 2024, respectively

Other comprehensive income

$ 721

$ 1,631

$ 1,950

$ 2,028

Comprehensive Income

$ 11,565

$ 13,408

$ 34,235

$ 36,617

Net Interest Margin

For the Three Months Ended September 30,

2025

(unaudited)

2024

(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

$ 228,755

$ 2,477

4.30 %

$ 191,583

$ 2,325

4.81 %

Debt securities, taxable-equivalent

45,853

266

2.30

51,172

303

2.35

Debt securities, tax exempt

11,972

1.99

16,889

1.62

Loans held for sale

1,780

250

Total loans(1)

1,512,147

30,914

8.11

1,418,512

30,791

8.61

Total interest-earning assets

1,800,507

33,717

7.43

1,678,406

33,488

7.92

Noninterest-earning assets

42,578

40,002

Total assets

$ 1,843,085

$ 1,718,408

Funding sources:

Interest-bearing liabilities:

Deposits:

Transaction accounts

$ 1,040,322

$ 8,388

3.20 %

$ 922,117

$ 9,237

3.97 %

Time deposits

233,433

2,303

3.91

253,640

3,034

4.75

Total interest-bearing deposits

1,273,755

10,691

3.33

1,175,757

12,271

4.14

Total interest-bearing liabilities

$ 1,273,755

10,691

3.33

$ 1,175,757

12,271

4.14

Noninterest-bearing liabilities:

Noninterest-bearing deposits

$ 320,238

$ 332,487

Other noninterest-bearing liabilities

11,501

12,221

Total noninterest-bearing liabilities

331,739

344,708

Shareholders' equity

237,591

197,943

Total liabilities and shareholders' equity

$ 1,843,085

$ 1,718,408

Net interest income

$ 23,026

$ 21,217

Net interest spread

4.10 %

3.78 %

Net interest margin

5.07 %

5.02 %

(1)

Nonaccrual loans are included in total loans

Net Interest Margin

For the Nine Months Ended September 30,

2025

(unaudited)

2024

(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

$ 238,118

$ 7,721

4.34 %

$ 180,426

$ 6,896

5.09 %

Debt securities, taxable-equivalent

47,248

827

2.34

103,507

2,266

2.92

Debt securities, tax exempt

12,327

187

2.03

17,468

214

1.63

Loans held for sale

1,453

281

Total loans(1)

1,453,557

87,207

8.02

1,381,200

89,834

8.66

Total interest-earning assets

1,752,703

95,942

7.32

1,682,882

99,210

7.85

Noninterest-earning assets

41,871

39,499

Total assets

$ 1,794,574

$ 1,722,381

Funding sources:

Interest-bearing liabilities:

Deposits:

Transaction accounts

$ 1,001,583

$ 23,182

3.09 %

$ 872,635

$ 25,726

3.93 %

Time deposits

235,278

7,152

4.06

255,348

9,026

4.71

Total interest-bearing deposits

1,236,861

30,334

3.28

1,127,983

34,752

4.10

Total interest-bearing liabilities

$ 1,236,861

$ 30,334

3.28

$ 1,127,983

$ 34,752

4.10

Noninterest-bearing liabilities:

Noninterest-bearing deposits

$ 319,346

$ 395,822

Other noninterest-bearing liabilities

10,657

12,219

Total noninterest-bearing liabilities

330,003

408,041

Shareholders' equity

227,710

186,357

Total liabilities and shareholders' equity

$ 1,794,574

$ 1,722,381

Net interest income

$ 65,608

$ 64,458

Net interest spread

4.04 %

3.75 %

Net interest margin

5.00 %

5.10 %

(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 third quarter results, which will be broadcast live over the Internet, on Wednesday, October 15, 2025 at 9:00 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/7lgm0NeVnjQ. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/7lgm0NeVnjQ 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.