Welcome to our dedicated page for Bank7 news (Ticker: BSVN), a resource for investors and traders seeking the latest updates and insights on Bank7 stock.
Bank7 Corp. (NASDAQ: BSVN) is a bank holding company headquartered in Oklahoma City, Oklahoma, operating in the commercial banking industry through its subsidiary Bank7. News about Bank7 Corp. frequently centers on its financial performance, capital position, and activities in its core markets of Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas.
Company press releases regularly cover quarterly and full-year earnings, including net income, earnings per share, loan and deposit growth, net interest income, and net interest margin. Management commentary often highlights factors such as credit quality, liquidity, and capital ratios, as well as the contribution of pre-provision pre-tax earnings, a non-GAAP measure the company uses to analyze performance.
Investors following BSVN news will also see announcements related to shareholder returns and capital management. Bank7 Corp. has issued multiple releases about quarterly cash dividends on its common stock, including dividend increases that the company identifies as consecutive annual increases. The company has also announced a stock repurchase program authorized by its board of directors, with details on the number of shares eligible for repurchase and potential uses of treasury shares.
Additional news items include notices of upcoming earnings conference calls, where Bank7 Corp. discusses its results with investors and provides presentation materials. These announcements typically specify the timing of calls and reference webcast access. Together, these updates provide an ongoing view of Bank7 Corp.’s financial results, capital strategy, and communication with the investment community.
Bank7 Corp. (NASDAQ: BSVN) announced its Q2 2024 earnings, reporting a record net income of $11.5 million, up 18.24% from Q2 2023. Earnings per share (EPS) increased by 17.14% to $1.23. The company's total assets marginally rose to $1.7 billion, while total loans grew by 5.94% to $1.4 billion. Net interest income for the quarter was $21.2 million, a 3.57% increase from Q2 2023. The bank's capital levels remain significantly above regulatory requirements, with a Tier 1 leverage ratio of 11.12%. Despite these gains, total assets fell by 5.19% from Q1 2024, and total interest income decreased by 2.76%. The report highlights a disciplined cost control approach and excellent credit quality as key factors driving the strong performance.
Bank7 Corp. (NASDAQ: BSVN) announced that its financial results for the second quarter ending June 30, 2024, will be released on Thursday, July 11, 2024, before the market opens. On the same day, the company will host a conference call at 10:00 a.m. CST to discuss these results with investors. Participants can join the call by dialing 1-888-348-6421 or accessing it online at https://app.webinar.net/0P6wZ64ME8o. An archived version of the webcast will be available at the same link shortly after the call and will remain accessible for one year.
On June 6, 2024, Bank7 Corp. (NASDAQ: BSVN), based in Oklahoma City, announced a quarterly cash dividend of $0.21 per share for its common stock. Shareholders on record by the close of business on June 20, 2024, will receive the dividend payment on July 9, 2024.
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