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 (BSVN) provides community-focused commercial banking services across Oklahoma, Texas, and Kansas. This page aggregates official announcements and financial developments for investors tracking the bank's performance and strategic direction.
Access timely updates including quarterly earnings reports, regulatory filings, and leadership announcements. Our curated collection features press releases about product launches, branch expansions, and community initiatives that reflect BSVN's commitment to regional economic growth.
Key content includes disclosures about commercial lending programs, deposit product updates, and risk management practices. Bookmark this page for direct access to primary sources that inform investment decisions and market analysis.
Bank7 Corp. (NASDAQ: BSVN) has announced a definitive agreement to acquire Cornerstone Bank and its parent company. As of June 30, 2021, Cornerstone had assets of $241 million, total deposits of $215 million, and total loans amounting to $116 million. Following the acquisition, the combined institutions will have approximately $1.4 billion in assets. The deal is expected to close in Q4 2021 and will enhance Bank7's market presence with 12 branches across Oklahoma, Texas, and Kansas. Both parties' boards have unanimously approved the transaction, subject to regulatory and shareholder approvals.
Bank7 Corp. (NASDAQ: BSVN) has declared a quarterly cash dividend of $0.11 per share on its common stock. This dividend will be paid on October 7, 2021, to shareholders recorded as of the close of business on September 23, 2021. As a bank holding company, Bank7 focuses on serving business owners and entrepreneurs through its nine branches located in Oklahoma, Texas, and Kansas. The company aims to grow by opening more branches and pursuing strategic acquisitions.
Bank7 Corp. (NASDAQ: BSVN) reported exceptional results for Q2 2021, highlighting a 21.2% increase in net income to $6.1 million and a 24.9% rise in EPS to $0.67. Key metrics include a 12.8% growth in total assets, reaching $1.1 billion, and total loans increased by 11.2% to $932 million. The efficiency ratio improved to 35.02% from 35.33%, reflecting enhanced operational efficiency. The bank's capital ratios remained robust, well above regulatory minimums, reinforcing its financial stability.
Bank7 Corp. (NASDAQ: BSVN) will announce its second quarter 2021 financial results on July 29, 2021, before the market opens. A conference call for investors will be held at 3:30 p.m. CST on the same day. Participants can join the call by dialing 1-888-348-6421 or through a live webcast available at this link. An archived version of the call will be accessible for one year post-event.
Bank7 Corp. (NASDAQ: BSVN) has declared a quarterly cash dividend of $0.11 per share on outstanding common stock. The dividend payment is scheduled for July 8, 2021, to shareholders of record by June 23, 2021. Headquartered in Oklahoma City, Bank7 operates nine branches in Oklahoma, Dallas/Fort Worth, and Kansas, focusing on business owners and entrepreneurs. The company aims for organic growth through selective branch openings and strategic acquisitions.
Bank7 Corp. (NASDAQ: BSVN) reported strong results for Q1 2021, with pre-tax, pre-provision earnings rising to $8.1 million, a 9.4% increase from Q1 2020. Total assets grew by 7.36% to $1.05 billion, and total loans climbed 9.63% to $861.4 million. The efficiency ratio improved to 35.92%, while net income reached $5.1 million, or $0.56 per share. Capital ratios remained robust, with Tier 1 leverage at 11.23%. The company expressed confidence in sustaining growth amid economic recovery.
Bank7 Corp. (NASDAQ: BSVN) will announce its first quarter 2021 financial results on April 29, 2021, before the market opens. A conference call for investors will take place at 3:30 p.m. CST on the same day. Interested participants can join the call by dialing 1-888-348-6421 or stream it live online. An archive of the call will be available for one year. Headquartered in Oklahoma City, Bank7 operates nine locations and focuses on providing tailored financial products for business owners and entrepreneurs.
Bank7 Corp. announces the appointment of Tracy Dick to its Board of Directors, enhancing its financial expertise. Dick brings over two decades of accounting experience, previously serving as Executive Vice President and Chief Financial Officer at Diamondback Energy. She expressed enthusiasm about contributing to the bank's growth and success. Bank7 operates nine locations across Oklahoma, Texas, and Kansas, with assets exceeding $1 billion and is recognized as a top-performing community bank.
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