Bank7 Corp. Announces Q3 2025 Earnings

Rhea-AI Summary

Bank7 Corp (NASDAQ: BSVN) reported unaudited results for Q3 2025 for the quarter ended September 30, 2025. Net income was $10.8M and diluted EPS was $1.13. Total assets rose to $1.891B and total loans, net were $1.515B. Total deposits increased to $1.637B. Pre-provision pre-tax earnings (PPE) were $14.9M. The bank reported strong capital metrics with a Tier 1 leverage ratio of 12.71% and consolidated total risk-based capital of 15.43% as of September 30, 2025.

Positive

• Tier 1 leverage ratio 12.71% (Sept 30, 2025)
• Total risk-based capital ratio 15.43% (consolidated, Sept 30, 2025)
• Total shareholders' equity +13.3% to $241.7M (Sept 30, 2025)
• Total interest expense down 12.9% to $10.69M (Q3 2025)

Negative

• Noninterest expense +10.2% to $10.35M (Q3 2025)

Insights

Banking Financial Analyst

Quarterly results show stable earnings, modest loan and asset growth, and strong capital ratios, overall a neutral near‑term signal.

Net income for the quarter was $10.8 million, down slightly from $11.1 million, and diluted EPS fell to $1.13 from $1.16, indicating earnings broadly stable but not accelerating. Core earning power improved modestly: PPE rose to $14.9 million and total interest income increased to $33.7 million, supporting a resilient net interest margin of 5.07%.

The balance sheet shows measured expansion: total assets increased to $1.9 billion and loans rose about 2.46%, while deposits grew to $1.637 billion. Capital metrics remain well above regulatory minima with Tier 1 leverage near 12.71%, which reduces regulatory risk and supports capacity for organic growth or opportunistic actions.

Key dependencies and near‑term items to watch include quarterly trends in loan growth and credit costs (the quarter included a $0.7 million provision), trajectory of noninterest income which contracted this quarter, and interest expense trends as funding mix adjusts; monitor these across the next two to four quarters to judge whether margins and core earnings sustain or revert.

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:

• Net income of $10.8 million compared to $11.1 million, a decrease of 2.35%
• Earnings per share of $1.13 compared to $1.16, a decrease of 2.59%
• Total assets of $1.9 billion compared to $1.8 billion, an increase of 3.00%
• Total loans of $1.5 billion compared to $1.5 billion, an increase of 2.46%
• Pre-provision pre-tax earnings ("PPE") of $14.9 million compared to $14.7 million, an increase of 1.29%
• Total interest income of $33.7 million compared to $31.8 million, an increase of 6.09%

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			10		-
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		77
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	95		94
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,				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		60		69		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		-		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		87		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		8		3		8		3
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		60		1.99		16,889		69		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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank7-corp-announces-q3-2025-earnings-302584593.html

SOURCE Bank7 Corp.

FAQ

What were Bank7 Corp (BSVN) Q3 2025 net income and EPS on October 15, 2025?

Net income was $10.8M and diluted EPS was $1.13 for Q3 2025.

How did Bank7's total assets and loans change in Q3 2025 (BSVN)?

Total assets increased to $1.891B and loans, net increased to $1.515B as of Sept 30, 2025.

What capital ratios did Bank7 (BSVN) report for September 30, 2025?

Bank7 reported a Tier 1 leverage ratio of 12.71%, Tier 1 risk-based ~14.22% and total risk-based ~15.43%.

What was Bank7's net interest margin and net interest income in Q3 2025?

Net interest margin was 5.07% and net interest income was $23.03M for Q3 2025.

Did Bank7 (BSVN) record any provision for credit losses in Q3 2025?

Yes, the company recorded a $0.7M provision for credit losses for the three months ended Sept 30, 2025.

What drove expense trends for Bank7 in Q3 2025 and how might that affect shareholders?

Noninterest expense rose 10.2% to $10.35M in Q3 2025, which reduced pre-tax income compared with the prior period.