Bank7 Corp. Announces Q2 2026 Earnings
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:
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.