Bank7 Stock Price, News & Analysis

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.

Bank7 Corp. (NASDAQ: BSVN) announced a quarterly cash dividend of $0.11 per share on March 9, 2021. This dividend will be paid on April 8, 2021 to shareholders of record as of the close of business on March 23, 2021. Headquartered in Oklahoma City, Bank7 operates nine branches across Oklahoma, Dallas/Fort Worth, and Kansas. The company aims to expand organically and through strategic acquisitions while focusing on delivering tailored financial products to business owners and entrepreneurs.

Bank7 Corp. (NASDAQ: BSVN) reported strong fiscal results for Q4 and 2020, with pre-tax, pre-provision earnings increasing by 31.6% to $8.4 million in Q4 and 16.25% to $31.2 million for the year. Interest income on loans rose by 7.18% to $13.2 million in Q4 and 8.82% to $52.4 million for the year. The company maintained a low cost of funds at 0.51%, a 35.13% efficiency ratio, and total assets swelling to $1 billion. Shareholder returns have been bolstered through share repurchases and increased dividends, despite ongoing economic uncertainty.

Bank7 Corp. (NASDAQ: BSVN) will announce its fourth quarter and full year financial results for 2020 on January 29, 2021, prior to market opening. A conference call for investors will take place at 10:00 AM CST on the same day, accessible by dialing 1-888-348-6421 or through a live webcast. The company, headquartered in Oklahoma City, aims to serve business owners with effective loan and deposit products and plans to expand through new branches and strategic acquisitions.

Bank7 Corp. (NASDAQ: BSVN) announced a 10% increase in its quarterly cash dividend, now $0.11 per share, up from $0.10. The dividend will be distributed on January 7, 2021, to shareholders recorded by December 22, 2020. This decision reflects the company’s confidence in its earnings and strong capital position. President and CEO Thomas L. Travis emphasized the company’s commitment to return capital to shareholders through this increase.

Bank7 Corp. (NASDAQ: BSVN) announced the filing of a $50 million shelf registration statement with the SEC, allowing the company to offer various securities, including common and preferred stock, debt securities, and warrants. This strategic move aims to enhance capital market access and provide flexibility for future opportunities. Thomas L Travis, President and CEO, highlighted the importance of this registration for timely financing options. Bank7 operates nine branches in Oklahoma, the Dallas/Fort Worth area, and Kansas.

Bank7 Corp. (NASDAQ: BSVN) has expanded its stock repurchase program, increasing the total buyback authorization from 1 million to 1.75 million shares. This decision comes as the company has already repurchased 985,654 shares as of November 2, 2020. The buyback program continues until September 5, 2021. This initiative reflects the company's strategy to enhance shareholder value and confidence in their future performance.

Bank7 Corp. (NASDAQ: BSVN) reported strong Q3 2020 earnings with pre-tax, pre-provision earnings of $7.4 million, a 7.57% increase year-over-year. Interest income from loans rose to $12.8 million, up 4.91%. Total assets increased by 17.72% to $973.4 million, with total loans growing by 30.40% to $869.4 million. The company has maintained solid capital ratios, exceeding regulatory requirements. However, it has increased loan loss reserves due to ongoing pandemic uncertainties. Net income for Q3 stood at $4.44 million, with earnings per share at $0.48.