Bank7 Corp. Announces Q2 2025 Earnings

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Bank7 Corp. (NASDAQ: BSVN) reported strong Q2 2025 results with net income of $11.1 million, up 7.44% from Q1 2025. The company achieved earnings per share of $1.16, a 7.41% increase quarter-over-quarter.

Key financial metrics include total assets of $1.8 billion (up 2.83%), total loans of $1.5 billion (up 5.17%), and pre-provision pre-tax earnings of $14.7 million (up 7.25%). The bank maintains strong capital ratios, with Tier 1 leverage ratio at 12.49% and total risk-based capital ratio at 15.03%, well above regulatory requirements.

Total interest income reached $31.8 million, representing a 4.41% increase from the previous quarter, while maintaining robust liquidity and credit quality.

Positive

• Net income increased 7.44% quarter-over-quarter to $11.1 million
• Strong organic loan growth with total loans up 5.17% to $1.5 billion
• Pre-provision pre-tax earnings grew 7.25% to $14.7 million
• Robust capital ratios well above 'well-capitalized' requirements
• Core deposits and transaction accounts showed significant increases

Negative

• Net interest margin declined to 4.96% compared to 5.15% year-over-year
• Noninterest income decreased to $2.7 million from $3.2 million year-over-year
• Noninterest expense increased to $9.7 million from $9.1 million year-over-year

Insights

Banking Financial Analyst

Bank7 reported strong Q2 results with 7.4% sequential earnings growth and healthy loan expansion amid solid capital ratios.

Bank7 Corp delivered impressive sequential growth in Q2 2025, with $11.1 million in net income, up 7.44% from Q1. This translated to diluted EPS of $1.16, increasing 7.41% quarter-over-quarter. The bank's earnings momentum stemmed from strategic balance sheet management and operational efficiency.

The loan portfolio expanded to $1.5 billion, growing 5.17% sequentially, demonstrating the bank's continued ability to find quality lending opportunities. Core deposits and transaction accounts showed significant increases, supporting this loan growth with stable funding sources. Total assets reached $1.8 billion, reflecting a 2.83% quarterly increase.

Pre-provision pre-tax earnings (PPE) - a crucial metric reflecting core banking profitability - rose to $14.7 million, up 7.25% from Q1, underscoring the strength of recurring operations. Interest income grew to $31.8 million, a 4.41% quarterly increase.

Capital ratios remain exceptionally strong, with both the Bank and holding company maintaining Tier 1 leverage ratios of 12.49%, Tier 1 risk-based capital of approximately 13.9%, and total risk-based capital of 15.03% - all substantially above regulatory "well-capitalized" thresholds.

The bank's net interest margin stands at 4.96%, significantly outperforming industry averages, though slightly lower than the 5.15% reported in the year-ago quarter. This slight compression reflects the evolving interest rate environment, but the bank has managed funding costs effectively, with interest-bearing deposit costs decreasing to 3.24% from 4.09% a year earlier.

The absence of loan loss provisions this quarter suggests management's confidence in the quality of the loan portfolio. With $218.8 million in cash and due from banks, Bank7 maintains substantial liquidity while still delivering strong returns on deployed capital.

OKLAHOMA CITY, July 17, 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 June 30, 2025.  "We are thrilled to report another exceptional quarter.  Our strong organic loan growth, significant increases in core deposits and transaction accounts, and robust liquidity underscore our disciplined approach to banking. With a properly matched balance sheet, strong capital ratios, and excellent credit quality, we continue to thrive in dynamic geographic markets. Our focus on pre-tax, pre-provision earnings (PPE) reflects our commitment to sustainable growth and resilience, positioning us to navigate economic uncertainties while delivering outstanding results," said Thomas L. Travis, President and CEO of the Company.

For the three months ended June 30, 2025 compared to the three months ended March 31, 2025:

• Net income of $11.1 million compared to $10.3 million, an increase of 7.44%
• Earnings per share of $1.16 compared to $1.08, an increase of 7.41%
• Total assets of $1.8 billion compared to $1.8 billion, an increase of 2.83%
• Total loans of $1.5 billion compared to $1.4 billion, an increase of 5.17%
• PPE of $14.7 million compared to $13.7 million, an increase of 7.25%
• Total interest income of $31.8 million compared to $30.4 million, an increase of 4.41%

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, 2025, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.49%, 13.90%, and 15.03%, respectively.  On June 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 12.49%, 13.89%, and 15.03%, 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 ("PPE").  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, 2025		March 31, 2025
Calculation of Pre-Provision Pre-Tax Earnings ("PPE")			(Dollars in thousands)
Net Income			$                   11,105		$                   10,336
Income Tax Expense			3,602		3,377
Pre-tax net income			14,707		13,713
Add back: Provision for credit losses			-		-
Add back: (Gain)Loss on sales/calls of AFS debt securities			-		-
Pre-provision pre-tax earnings			14,707		13,713

 

Bank7 Corp.
Consolidated Balance Sheets
Assets	June 30, 2025 (unaudited)		December 31, 2024
Cash and due from banks	$               218,839		$               234,196
Interest-bearing time deposits in other banks	14,188		6,719
Available-for-sale debt securities	57,170		59,941
Loans, net of allowance for credit losses of $18,222 and
$17,918 at June 30, 2025 and December 31, 2024, respectively	1,479,134		1,379,465
Loans held for sale, at fair value	2,541		-
Premises and equipment, net	21,102		18,137
Nonmarketable equity securities	1,182		1,283
Core deposit intangibles	815		878
Goodwill	11,208		8,458
Income taxes receivable	381		-
Interest receivable and other assets	29,786		30,731
Total assets	$            1,836,346		$            1,739,808
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing	$               323,825		$               313,258
Interest-bearing	1,270,313		1,202,213
Total deposits	1,594,138		1,515,471
Income taxes payable	-		77
Interest payable and other liabilities	10,349		11,047
Total liabilities	1,604,487		1,526,595
Shareholders' equity
Common stock, $0.01 par value; 50,000,000 shares authorized; shares
issued and outstanding: 9,449,319 and 9,390,211 at June 30, 2025
and December 31, 2024, respectively	94		94
Additional paid-in capital	102,321		101,809
Retained earnings	133,186		116,281
Accumulated other comprehensive loss	(3,742)		(4,971)
Total shareholders' equity	231,859		213,213
Total liabilities and shareholders' equity	$            1,836,346		$            1,739,808

 

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2025 (unaudited)		2024 (unaudited)		2025 (unaudited)		2024 (unaudited)
Interest Income
Loans, including fees		$          28,965		$          28,926		$          56,293		$          59,043
Interest-bearing time deposits in other banks		145		246		246		499
Debt securities, taxable		278		951		561		1,963
Debt securities, tax-exempt		63		71		126		144
Other interest and dividend income		2,330		2,242		4,997		4,074
Total interest income		31,781		32,436		62,223		65,723
Interest Expense
Deposits		10,043		11,204		19,643		22,481
Total interest expense		10,043		11,204		19,643		22,481
Net Interest Income		21,738		21,232		42,580		43,242
Provision for Credit Losses		-		-		-		-
Net Interest Income After Provision for Credit Losses		21,738		21,232		42,580		43,242
Noninterest Income
Mortgage lending income		520		78		610		129
Service charges on deposit accounts		232		260		450		509
Other		1,949		2,827		3,396		4,536
Total noninterest income		2,701		3,165		4,456		5,174
Noninterest Expense
Salaries and employee benefits		5,721		5,118		11,000		10,407
Furniture and equipment		361		324		612		554
Occupancy		630		613		1,222		1,273
Data and item processing		590		481		1,100		939
Accounting, marketing and legal fees		158		264		263		364
Regulatory assessments		213		336		297		723
Advertsing and public relations		223		83		417		229
Travel, lodging and entertainment		121		131		177		183
Other		1,715		1,792		3,528		3,606
Total noninterest expense		9,732		9,142		18,616		18,278
Income Before Taxes		14,707		15,255		28,420		30,138
Income tax expense		3,602		3,731		6,979		7,326
Net Income		$          11,105		$          11,524		$          21,441		$          22,812
Earnings per common share - basic		$              1.18		$              1.25		$              2.27		$              2.47
Earnings per common share - diluted		1.16		1.23		2.25		2.44
Weighted average common shares outstanding - basic		9,449,152		9,250,332		9,435,414		9,235,176
Weighted average common shares outstanding - diluted		9,545,128		9,367,247		9,548,583		9,343,047
Other Comprehensive Income (Loss)
Unrealized gains (losses) on securities, net of tax expense of $189 and $123
for the three months ended June 30, 2025 and 2024, respectively; net of tax expense of $425 and $123 for the six months ended June 30, 2025 and 2024, respectively		$               587		$                (59)		$            1,229		$               397
Other comprehensive income (loss)		$               587		$                (59)		$            1,229		$               397
Comprehensive Income		$          11,692		$          11,465		$          22,670		$          23,209

 

		Net Interest Margin
		For the Six Months Ended June, 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		$        242,876		$         5,243		4.35 %		$        174,787		$         4,573		5.25 %
Debt securities, taxable-equivalent		47,957		561		2.36		129,963		1,963		3.03
Debt securities, tax exempt		12,508		126		2.03		17,761		144		1.63
Loans held for sale		1,287		-		-		297		-		-
Total loans(1)		1,423,776		56,293		7.97		1,362,339		59,043		8.69
Total interest-earning assets		1,728,404		62,223		7.26		1,685,147		65,723		7.82
Noninterest-earning assets		41,511						39,246
Total assets		$     1,769,915						$     1,724,393
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts		$        981,833		$       14,794		3.04 %		$        848,764		$       16,489		3.90 %
Time deposits		236,216		4,849		4.14		256,212		5,992		4.69
Total interest-bearing deposits		1,218,049		19,643		3.25		1,104,976		22,481		4.08
Total interest-bearing liabilities		1,218,049		19,643		3.25		1,104,976		22,481		4.08
Noninterest-bearing liabilities:
Noninterest-bearing deposits		318,952						426,696
Other noninterest-bearing liabilities		10,228						12,218
Total noninterest-bearing liabilities		329,180						438,914
Shareholders' equity		222,686						180,503
Total liabilities and shareholders' equity		$     1,769,915						$     1,724,393
Net interest income				$       42,580						$       43,242
Net interest spread						4.01 %						3.74 %
Net interest margin						4.97 %						5.15 %

(1)	Nonaccrual loans are included in total loans

 

 

		Net Interest Margin
		For the Three Months Ended June 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		$        247,652		$        2,475		4.01 %		$        173,502		$        2,488		5.75 %
Debt securities, taxable-equivalent		47,285		278		2.36		106,457		951		3.58
Debt securities, tax exempt		12,502		63		2.02		17,252		71		1.65
Loans held for sale		1,987		-		-		355		-		-
Total loans(1)		1,448,924		28,965		8.02		1,354,985		28,926		8.56
Total interest-earning assets		1,758,350		31,781		7.25		1,652,551		32,436		7.87
Noninterest-earning assets		43,048						38,722
Total assets		$     1,801,398						$     1,691,273
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts		$     1,006,484		$        7,676		3.06 %		$        851,751		$        8,293		3.91 %
Time deposits		236,108		2,367		4.02		247,452		2,911		4.72
Total interest-bearing deposits		1,242,592		10,043		3.24		1,099,203		11,204		4.09
Total interest-bearing liabilities		$     1,242,592		10,043		3.24		$     1,099,203		11,204		4.09
Noninterest-bearing liabilities:
Noninterest-bearing deposits		$        321,351						$        394,010
Other noninterest-bearing liabilities		10,471						12,778
Total noninterest-bearing liabilities		331,822						406,788
Shareholders' equity		226,984						185,282
Total liabilities and shareholders' equity		$     1,801,398						$     1,691,273
Net interest income				$      21,738						$      21,232
Net interest spread						4.01 %						3.78 %
Net interest margin						4.96 %						5.15 %

 

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 second quarter results, which will be broadcast live over the Internet, on Thursday, July 17, 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/46bjlDkrk8v. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/46bjlDkrk8v 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.

FAQ

What was Bank7 Corp's (BSVN) earnings per share in Q2 2025?

Bank7 Corp. reported earnings per share of $1.16 in Q2 2025, representing a 7.41% increase from $1.08 in Q1 2025.

How much did Bank7's (BSVN) total loans grow in Q2 2025?

Bank7's total loans grew by 5.17% to $1.5 billion in Q2 2025 compared to Q1 2025.

What were Bank7's (BSVN) capital ratios in Q2 2025?

Bank7's Tier 1 leverage ratio was 12.49%, Tier 1 risk-based capital ratio was 13.90%, and total risk-based capital ratio was 15.03%, all significantly above 'well-capitalized' requirements.

What was Bank7's (BSVN) net interest income in Q2 2025?

Bank7's net interest income was $21.7 million in Q2 2025, with a net interest margin of 4.96%.

How much did Bank7's (BSVN) total deposits grow in Q2 2025?

Bank7's total deposits reached $1.59 billion, consisting of $323.8 million in noninterest-bearing and $1.27 billion in interest-bearing deposits.