Bank7 Corp. Announces Q1 2026 Earnings

By PR Newswire | April 14, 2026, 8:00 AM

OKLAHOMA CITY, April 14, 2026 /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 March 31, 2026. "We are pleased to announce record EPS, net income and PPE while maintaining a strong net interest margin, excellent credit quality, and robust liquidity. We are excited about 2026, as our properly matched balance sheet has us well positioned to continue to take advantage of our dynamic geographic region," said Thomas L. Travis, President and CEO of the Company.

For the three months ended March 31, 2026 compared to the three months ended March 31, 2025:

  • Net income of $12.01 million compared to $10.34 million, an increase of 16.16%
  • Earnings per share of $1.25 compared to $1.08, an increase of 15.74%
  • Total assets of $1.95 billion compared to $1.79 billion, an increase of 8.94%
  • Total loans of $1.59 billion compared to $1.42 billion, an increase of 11.94%
  • Pre-provision pre-tax earnings of $15.82 million compared to $13.71 million, an increase of 15.37%
  • Total interest income of $33.78 million compared to $30.44 million, an increase of 10.99%

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 March 31, 2026, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.24%, 14.79%, and 15.96%, respectively. On March 31, 2026, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 13.24%, 14.78%, and 15.96%, 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











March 31,



March 31,











2026



2025

Calculation of Pre-Provision Pre-Tax Earnings









(Dollars in thousands)

Net Income









$                 12,006



$          10,336

Income Tax Expense









3,815



3,377

Pre-tax net income









15,821



13,713

Add back: Provision for credit losses









-



-

Add back: (Gain)Loss on sales/calls of AFS debt securities









-



-

Pre-provision pre-tax earnings









$                 15,821



$          13,713

 

Unaudited Condensed Consolidated Balance Sheets

(Dollar amounts in thousands, except par value)



Assets

March 31,

2026

(unaudited)



December 31,

2025



(Dollars in thousands)

Cash and due from banks

$             246,701



$             244,635

Interest-bearing time deposits in other banks

3,735



10,457

Available-for-sale debt securities (amortized cost of $55,632 and







$57,316 at March 31, 2026 and December 31, 2025, respectively)

52,140



54,019

Loans, net of allowance for credit losses of $19,452 and







$19,407 at March 31, 2026 and December 31, 2025, respectively

1,574,376



1,587,024

Loans held for sale

3,865



2,078

Premises and equipment, net

24,110



21,884

Nonmarketable equity securities

1,158



1,165

Core deposit intangibles

721



752

Goodwill

11,208



11,208

Interest receivable and other assets

27,066



30,418









Total assets

$          1,945,080



$          1,963,640









Liabilities and Shareholders' Equity















Deposits







Noninterest-bearing

$             336,801



$             341,416

Interest-bearing

1,334,580



1,359,417









Total deposits

1,671,381



1,700,833









Income taxes payable

3,912



594

Interest payable and other liabilities

9,966



11,218









Total liabilities

1,685,259



1,712,645









Shareholders' equity







Common stock, $0.01 par value; 50,000,000 shares authorized; shares







issued and outstanding: 9,519,335 and 9,462,656 at March 31, 2026







and December 31, 2025, respectively

95



95

Additional paid-in capital

103,270



103,739

Retained earnings

159,143



149,707

Accumulated other comprehensive loss

(2,687)



(2,546)









Total shareholders' equity

259,821



250,995









Total liabilities and shareholders' equity

$          1,945,080



$          1,963,640

 

Unaudited Condensed Consolidated Statements of Comprehensive Income

(Dollar amounts in thousands, except per share data)







Three Months Ended





March 31,





2026

(unaudited)



2025

(unaudited)

Interest Income



(Dollars in thousands)

Loans, including fees



$         31,613



$         27,324

Interest-bearing time deposits in other banks



112



101

Debt securities, taxable



250



283

Debt securities, tax-exempt



59



63

Other interest and dividend income



1,749



2,667











Total interest income



33,783



30,438











Interest Expense









Deposits



9,591



9,600











Total interest expense



9,591



9,600











Net Interest Income



24,192



20,838











Provision for Credit Losses



-



-











Net Interest Income After Provision for Credit Losses



24,192



20,838











Noninterest Income









Mortgage lending income



375



93

Loss on sales, prepayments, and calls of available-for-sale debt securities



-



-

Service charges on deposit accounts



249



218

Other



1,342



1,446











Total noninterest income



1,966



1,757











Noninterest Expense









Salaries and employee benefits



6,331



5,280

Furniture and equipment



342



250

Occupancy



686



592

Data and item processing



543



510

Accounting, marketing and legal fees



585



105

Regulatory assessments



259



83

Advertising and public relations



172



194

Travel, lodging and entertainment



71



56

Other



1,348



1,812











Total noninterest expense



10,337



8,882











Income Before Taxes



15,821



13,713

Income tax expense



3,815



3,377

Net Income



$         12,006



$         10,336











Earnings per common share - basic



$             1.26



$             1.10

Earnings per common share - diluted



1.25



1.08

Weighted average common shares outstanding - basic



9,491,075



9,421,534

Weighted average common shares outstanding - diluted



9,596,869



9,552,273











Other Comprehensive Income









Unrealized (losses) gains on securities, net of tax (benefit) expense of ($55) and $237









for the three months ended March 31, 2026 and 2025, respectively



$            (141)



$              642

Other comprehensive (loss) income



$            (141)



$              642

Comprehensive Income



$         11,865



$         10,978

 





Net Interest Margin





For the Three Months Ended March 31,





2026

(unaudited)



2025

(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



$       210,047



$       1,861



3.60 %



$       238,048



$       2,768



4.72 %

Debt securities, taxable-equivalent



43,564



250



2.33



48,637



283



2.36

Debt securities, tax exempt



11,052



59



2.17



12,514



63



2.04

Loans held for sale



1,983



-



-



580



-



-

Total loans(1)



1,596,201



31,613



8.03



1,398,350



27,324



7.92

Total interest-earning assets



1,862,847



33,783



7.35



1,698,129



30,438



7.27

Noninterest-earning assets



41,295











39,957









Total assets



$    1,904,142











$    1,738,086



































Funding sources:

























Interest-bearing liabilities:

























Deposits:

























Transaction accounts



$    1,058,572



$       7,223



2.77 %



$       956,891



$       7,118



3.02 %

Time deposits



264,608



2,368



3.63



236,325



2,482



4.26

Total interest-bearing deposits



1,323,180



9,591



2.94



1,193,216



9,600



3.62

Total interest-bearing liabilities



$    1,323,180



9,591



2.94



$    1,193,216



9,600



3.62



























Noninterest-bearing liabilities:

























Noninterest-bearing deposits



$       315,426











$       316,544









Other noninterest-bearing liabilities



9,515











9,983









Total noninterest-bearing liabilities



324,941











326,527









Shareholders' equity



256,021











218,343









Total liabilities and shareholders' equity



$    1,904,142











$    1,738,086



































Net interest income







$     24,192











$     20,838





Net interest spread











4.41 %











4.01 %

Net interest margin











5.27 %











4.98 %



(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 first quarter results, which will be broadcast live over the Internet, on Tuesday, April 14, 2026 at 10:00 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/5Kz4qdQLXjl. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/5Kz4qdQLXjl 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

 

Cision
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SOURCE Bank7 Corp.

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