Bank7 Corp. Announces Q1 2026 Earnings
Rhea-AI Summary
Bank7 Corp. (NASDAQ: BSVN) reported Q1 2026 results for the quarter ended March 31, 2026, with record EPS, net income, and growth in loans and assets. Key metrics: Net income $12.01M, EPS $1.25 diluted, Total loans $1.59B, and Total assets $1.95B.
Pre-provision pre-tax earnings were $15.82M, net interest margin 5.27%, no provision for credit losses, and capital ratios remain well above "well-capitalized" thresholds.
AI-generated analysis. Not financial advice.
Positive
- Net income +16.16% to $12.01M (Q1 2026 vs Q1 2025)
- EPS (diluted) +15.74% to $1.25
- Total loans +11.94% to $1.59B
- Pre-provision pre-tax earnings +15.37% to $15.82M
- No provision for credit losses in Q1 2026 (strong credit quality)
- Capital ratios Tier 1 leverage 13.24%, total risk-based 15.96% (well above regulatory minima)
Negative
- Noninterest expense increased 16.36% to $10.34M, pressuring operating leverage
News Market Reaction – BSVN
On the day this news was published, BSVN gained 2.40%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.2% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $10M to the company's valuation, bringing the market cap to $437.77M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BSVN gained 0.35% with several regional bank peers (AROW, BWB, NFBK, RRBI, FFIC) also showing small positive moves, but no names appeared on the momentum scanner, suggesting stock-specific focus on earnings.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2025-10-15 | Q3 2025 earnings | Positive | +0.6% | Q3 2025 results with higher net income, EPS and strong capital ratios. |
| 2025-07-17 | Q2 2025 earnings | Positive | +1.9% | Q2 2025 net income and EPS up mid-single digits with asset and loan growth. |
| 2025-04-10 | Q1 2025 earnings | Negative | -4.8% | Q1 2025 net income and EPS declined year-over-year with lower NIM. |
| 2025-01-16 | FY 2024 earnings | Positive | -3.2% | Record 2024 net income and EPS with strong capital but shares fell post-release. |
| 2024-10-11 | Q3 2024 earnings | Positive | +6.7% | Q3 2024 net income and EPS up sharply year-over-year and strong PPE. |
Earnings releases have generally produced modest positive reactions, with one notable negative divergence despite strong results.
Over the past few earnings cycles, Bank7 has regularly reported growing net income, EPS, and strong capital ratios. Q3 2024 and Q2–Q3 2025 showed rising profitability and solid pre-provision pre-tax earnings, supporting capital ratios well above ‘well-capitalized’ thresholds. Q1 2025 was a weaker quarter year-over-year and saw a negative price reaction. Today’s Q1 2026 report of record EPS, net income, and PPE with robust capital looks like a continuation of the positive trends seen in 2024–2025 earnings updates.
Historical Comparison
Recent earnings headlines moved BSVN about 0.23% on average. Today’s Q1 2026 record EPS and net income fit the pattern of fundamentally solid updates with typically modest price reactions.
Earnings releases from Q3 2024 through Q3 2025 show rising net income, EPS, and pre-provision pre-tax earnings, with capital ratios consistently above well-capitalized thresholds, providing a backdrop for today’s record Q1 2026 results.
Market Pulse Summary
This announcement reports record Q1 2026 EPS, net income, and pre-provision pre-tax earnings, with net interest margin at 5.27% and capital ratios well above ‘well-capitalized’ levels. Recent earnings history shows continued growth in loans and interest income. At the same time, the latest 10-K disclosed a material weakness in internal controls, and recent Form 4 filings showed net insider selling. Investors may monitor future quarters for control remediation, earnings stability, and any changes in insider activity.
Key Terms
pre-provision pre-tax earnings financial
tier 1 leverage ratio financial
tier 1 risk-based capital ratio financial
total risk-based capital ratios financial
available-for-sale debt securities financial
nonaccrual loans financial
net interest margin financial
provision for credit losses financial
AI-generated analysis. Not financial advice.
For the three months ended March 31, 2026 compared to the three months ended March 31, 2025:
- Net income of
$12.01 million $10.34 million 16.16% - Earnings per share of
$1.25 $1.08 15.74% - Total assets of
$1.95 billion $1.79 billion 8.94% - Total loans of
$1.59 billion $1.42 billion 11.94% - Pre-provision pre-tax earnings of
$15.82 million $13.71 million 15.37% - Total interest income of
$33.78 million $30.44 million 10.99%
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 March 31, 2026, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were
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 | |||||||
March 31, | March 31, | ||||||
2026 | 2025 | ||||||
Calculation of Pre-Provision Pre-Tax Earnings | (Dollars in thousands) | ||||||
Net Income | $ 12,006 | $ 10,336 | |||||
Income Tax Expense | 3,815 | 3,377 | |||||
Pre-tax net income | 15,821 | 13,713 | |||||
Add back: Provision for credit losses | - | - | |||||
Add back: (Gain)Loss on sales/calls of AFS debt securities | - | - | |||||
Pre-provision pre-tax earnings | $ 15,821 | $ 13,713 | |||||
Unaudited Condensed Consolidated Balance Sheets | |||
Assets | March 31, | December 31, | |
(Dollars in thousands) | |||
Cash and due from banks | $ 246,701 | $ 244,635 | |
Interest-bearing time deposits in other banks | 3,735 | 10,457 | |
Available-for-sale debt securities (amortized cost of | |||
52,140 | 54,019 | ||
Loans, net of allowance for credit losses of | |||
1,574,376 | 1,587,024 | ||
Loans held for sale | 3,865 | 2,078 | |
Premises and equipment, net | 24,110 | 21,884 | |
Nonmarketable equity securities | 1,158 | 1,165 | |
Core deposit intangibles | 721 | 752 | |
Goodwill | 11,208 | 11,208 | |
Interest receivable and other assets | 27,066 | 30,418 | |
Total assets | $ 1,945,080 | $ 1,963,640 | |
Liabilities and Shareholders' Equity | |||
Deposits | |||
Noninterest-bearing | $ 336,801 | $ 341,416 | |
Interest-bearing | 1,334,580 | 1,359,417 | |
Total deposits | 1,671,381 | 1,700,833 | |
Income taxes payable | 3,912 | 594 | |
Interest payable and other liabilities | 9,966 | 11,218 | |
Total liabilities | 1,685,259 | 1,712,645 | |
Shareholders' equity | |||
Common stock, | |||
issued and outstanding: 9,519,335 and 9,462,656 at March 31, 2026 | |||
and December 31, 2025, respectively | 95 | 95 | |
Additional paid-in capital | 103,270 | 103,739 | |
Retained earnings | 159,143 | 149,707 | |
Accumulated other comprehensive loss | (2,687) | (2,546) | |
Total shareholders' equity | 259,821 | 250,995 | |
Total liabilities and shareholders' equity | $ 1,945,080 | $ 1,963,640 | |
Unaudited Condensed Consolidated Statements of Comprehensive Income | ||||
Three Months Ended | ||||
March 31, | ||||
2026 | 2025 | |||
Interest Income | (Dollars in thousands) | |||
Loans, including fees | $ 31,613 | $ 27,324 | ||
Interest-bearing time deposits in other banks | 112 | 101 | ||
Debt securities, taxable | 250 | 283 | ||
Debt securities, tax-exempt | 59 | 63 | ||
Other interest and dividend income | 1,749 | 2,667 | ||
Total interest income | 33,783 | 30,438 | ||
Interest Expense | ||||
Deposits | 9,591 | 9,600 | ||
Total interest expense | 9,591 | 9,600 | ||
Net Interest Income | 24,192 | 20,838 | ||
Provision for Credit Losses | - | - | ||
Net Interest Income After Provision for Credit Losses | 24,192 | 20,838 | ||
Noninterest Income | ||||
Mortgage lending income | 375 | 93 | ||
Loss on sales, prepayments, and calls of available-for-sale debt securities | - | - | ||
Service charges on deposit accounts | 249 | 218 | ||
Other | 1,342 | 1,446 | ||
Total noninterest income | 1,966 | 1,757 | ||
Noninterest Expense | ||||
Salaries and employee benefits | 6,331 | 5,280 | ||
Furniture and equipment | 342 | 250 | ||
Occupancy | 686 | 592 | ||
Data and item processing | 543 | 510 | ||
Accounting, marketing and legal fees | 585 | 105 | ||
Regulatory assessments | 259 | 83 | ||
Advertising and public relations | 172 | 194 | ||
Travel, lodging and entertainment | 71 | 56 | ||
Other | 1,348 | 1,812 | ||
Total noninterest expense | 10,337 | 8,882 | ||
Income Before Taxes | 15,821 | 13,713 | ||
Income tax expense | 3,815 | 3,377 | ||
Net Income | $ 12,006 | $ 10,336 | ||
Earnings per common share - basic | $ 1.26 | $ 1.10 | ||
Earnings per common share - diluted | 1.25 | 1.08 | ||
Weighted average common shares outstanding - basic | 9,491,075 | 9,421,534 | ||
Weighted average common shares outstanding - diluted | 9,596,869 | 9,552,273 | ||
Other Comprehensive Income | ||||
Unrealized (losses) gains on securities, net of tax (benefit) expense of ( | ||||
for the three months ended March 31, 2026 and 2025, respectively | $ (141) | $ 642 | ||
Other comprehensive (loss) income | $ (141) | $ 642 | ||
Comprehensive Income | $ 11,865 | $ 10,978 | ||
Net Interest Margin | ||||||||||||
For the Three Months Ended March 31, | ||||||||||||
2026 | 2025 | |||||||||||
Average | Interest | Average | Average | Interest | Average | |||||||
(Dollars in thousands) | ||||||||||||
Interest-Earning Assets: | ||||||||||||
Short-term investments | $ 210,047 | $ 1,861 | 3.60 % | $ 238,048 | $ 2,768 | 4.72 % | ||||||
Debt securities, taxable-equivalent | 43,564 | 250 | 2.33 | 48,637 | 283 | 2.36 | ||||||
Debt securities, tax exempt | 11,052 | 59 | 2.17 | 12,514 | 63 | 2.04 | ||||||
Loans held for sale | 1,983 | - | - | 580 | - | - | ||||||
Total loans(1) | 1,596,201 | 31,613 | 8.03 | 1,398,350 | 27,324 | 7.92 | ||||||
Total interest-earning assets | 1,862,847 | 33,783 | 7.35 | 1,698,129 | 30,438 | 7.27 | ||||||
Noninterest-earning assets | 41,295 | 39,957 | ||||||||||
Total assets | $ 1,904,142 | $ 1,738,086 | ||||||||||
Funding sources: | ||||||||||||
Interest-bearing liabilities: | ||||||||||||
Deposits: | ||||||||||||
Transaction accounts | $ 1,058,572 | $ 7,223 | 2.77 % | $ 956,891 | $ 7,118 | 3.02 % | ||||||
Time deposits | 264,608 | 2,368 | 3.63 | 236,325 | 2,482 | 4.26 | ||||||
Total interest-bearing deposits | 1,323,180 | 9,591 | 2.94 | 1,193,216 | 9,600 | 3.62 | ||||||
Total interest-bearing liabilities | $ 1,323,180 | 9,591 | 2.94 | $ 1,193,216 | 9,600 | 3.62 | ||||||
Noninterest-bearing liabilities: | ||||||||||||
Noninterest-bearing deposits | $ 315,426 | $ 316,544 | ||||||||||
Other noninterest-bearing liabilities | 9,515 | 9,983 | ||||||||||
Total noninterest-bearing liabilities | 324,941 | 326,527 | ||||||||||
Shareholders' equity | 256,021 | 218,343 | ||||||||||
Total liabilities and shareholders' equity | $ 1,904,142 | $ 1,738,086 | ||||||||||
Net interest income | $ 24,192 | $ 20,838 | ||||||||||
Net interest spread | 4.41 % | 4.01 % | ||||||||||
Net interest margin | 5.27 % | 4.98 % | ||||||||||
(1) | Nonaccrual loans are included in total loans |
About Bank7 Corp.
We are Bank7 Corp., a bank holding company headquartered in
Conference Call
Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Tuesday, April 14, 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/5Kz4qdQLXjl. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/5Kz4qdQLXjl 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
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SOURCE Bank7 Corp.