Bank7 Corp. Announces Q2 2025 Earnings

Bank7 Corp. (NASDAQ: BSVN) (“the Company”), the parent company of Oklahoma City-based Bank7 (the “Bank”), today reported unaudited results for thequarter ended June 30, 2025. “We are thrilled to report another exceptional quarter. Our strong organic loan growth, significant increases in core deposits and transaction accounts, and robust liquidity underscore our disciplined approach to banking. With a properly matched balance sheet, strong capital ratios, and excellent credit quality, we continue to thrive in dynamic geographic markets. Our focus on pre-tax, pre-provision earnings (PPE) reflects our commitment to sustainable growth and resilience, positioning us to navigate economic uncertainties while delivering outstanding results,” said Thomas L. Travis, President and CEO of the Company.

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For the three months ended June 30, 2025 compared to the three months ended March 31, 2025:

— Net income of $11.1 million compared to $10.3 million, an increase of 7.44%

— Earnings per share of $1.16 compared to $1.08, an increase of 7.41%

— Total assets of $1.8 billion compared to $1.8 billion, an increase of 2.83%

— Total loans of $1.5 billion compared to $1.4 billion, an increase of 5.17%

— PPE of $14.7 million compared to $13.7 million, an increase of 7.25%

— Total interest income of $31.8 million compared to $30.4 million, an increase of 4.41%

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 June 30, 2025, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.49%, 13.90%, and 15.03%, respectively. On June 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 12.49%, 13.89%, and 15.03%, 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 (“PPE”). 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 June 30, March 31, 2025 2025Calculation of Pre-Provision Pre-Tax Earnings (“PPE”) (Dollars in thousands)Net Income $ 11,105 $ 10,336Income Tax Expense 3,602 3,377Pre-tax net income 14,707 13,713Add back: Provision for credit losses – -Add back: (Gain)Loss on sales/calls of AFS debt securities – -Pre-provision pre-tax earnings 14,707 13,713Bank7 Corp.Consolidated Balance SheetsAssets June 30, 2025 December 31, (unaudited) 2024Cash and due from banks $ 218,839 $ 234,196Interest-bearing time deposits in other banks 14,188 6,719Available-for-sale debt securities 57,170 59,941Loans, net of allowance for credit losses of $18,222 and$17,918 at June 30, 2025 and December 31, 2024, respectively 1,479,134 1,379,465Loans held for sale, at fair value 2,541 -Premises and equipment, net 21,102 18,137Nonmarketable equity securities 1,182 1,283Core deposit intangibles 815 878Goodwill 11,208 8,458Income taxes receivable 381 -Interest receivable and other assets 29,786 30,731Total assets $ 1,836,346 $ 1,739,808Liabilities and Shareholders' EquityDepositsNoninterest-bearing $ 323,825 $ 313,258Interest-bearing 1,270,313 1,202,213Total deposits 1,594,138 1,515,471Income taxes payable – 77Interest payable and other liabilities 10,349 11,047Total liabilities 1,604,487 1,526,595Shareholders' equityCommon stock, $0.01 par value; 50,000,000 shares authorized; sharesissued and outstanding: 9,449,319 and 9,390,211 at June 30, 2025and December 31, 2024, respectively 94 94Additional paid-in capital 102,321 101,809Retained earnings 133,186 116,281Accumulated other comprehensive loss (3,742) (4,971)Total shareholders' equity 231,859 213,213Total liabilities and shareholders' equity $ 1,836,346 $ 1,739,808 Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (unaudited) (unaudited) (unaudited) (unaudited)Interest IncomeLoans, including fees $ 28,965 $ 28,926 $ 56,293 $ 59,043Interest-bearing time deposits in other banks 145 246 246 499Debt securities, taxable 278 951 561 1,963Debt securities, tax-exempt 63 71 126 144Other interest and dividend income 2,330 2,242 4,997 4,074Total interest income 31,781 32,436 62,223 65,723Interest ExpenseDeposits 10,043 11,204 19,643 22,481Total interest expense 10,043 11,204 19,643 22,481Net Interest Income 21,738 21,232 42,580 43,242Provision for Credit Losses – – – -Net Interest Income After Provision for Credit Losses 21,738 21,232 42,580 43,242Noninterest IncomeMortgage lending income 520 78 610 129Service charges on deposit accounts 232 260 450 509Other 1,949 2,827 3,396 4,536Total noninterest income 2,701 3,165 4,456 5,174Noninterest ExpenseSalaries and employee benefits 5,721 5,118 11,000 10,407Furniture and equipment 361 324 612 554Occupancy 630 613 1,222 1,273Data and item processing 590 481 1,100 939Accounting, marketing and legal fees 158 264 263 364Regulatory assessments 213 336 297 723Advertsing and public relations 223 83 417 229Travel, lodging and entertainment 121 131 177 183Other 1,715 1,792 3,528 3,606Total noninterest expense 9,732 9,142 18,616 18,278Income Before Taxes 14,707 15,255 28,420 30,138Income tax expense 3,602 3,731 6,979 7,326Net Income $ 11,105 $ 11,524 $ 21,441 $ 22,812Earnings per common share – basic $ 1.18 $ 1.25 $ 2.27 $ 2.47Earnings per common share – diluted 1.16 1.23 2.25 2.44Weighted average common shares outstanding – basic 9,449,152 9,250,332 9,435,414 9,235,176Weighted average common shares outstanding – diluted 9,545,128 9,367,247 9,548,583 9,343,047Other Comprehensive Income (Loss)Unrealized gains (losses) on securities, net of tax expense of $189 and $123for the three months ended June 30, 2025 and 2024, respectively; net of tax expense $ 587 $ (59) $ 1,229 $ 397of $425 and $123 for the six months ended June 30, 2025 and 2024, respectivelyOther comprehensive income (loss) $ 587 $ (59) $ 1,229 $ 397Comprehensive Income $ 11,692 $ 11,465 $ 22,670 $ 23,209 Net Interest Margin For the Six Months Ended June, 30 2025 2024 (unaudited) (unaudited) Average Interest Average Average Interest Average Balance Income/ Yield/ Balance Income/ Yield/ Expense Rate Expense Rate (Dollars in thousands)Interest-Earning Assets:Short-term investments $ 242,876 $ 5,243 4.35% $ 174,787 $ 4,573 5.25%Debt securities, taxable-equivalent 47,957 561 2.36 129,963 1,963 3.03Debt securities, tax exempt 12,508 126 2.03 17,761 144 1.63Loans held for sale 1,287 – – 297 – -Total loans(1) 1,423,776 56,293 7.97 1,362,339 59,043 8.69Total interest-earning assets 1,728,404 62,223 7.26 1,685,147 65,723 7.82Noninterest-earning assets 41,511 39,246Total assets $ 1,769,915 $ 1,724,393Funding sources:Interest-bearing liabilities:Deposits:Transaction accounts $ 981,833 $ 14,794 3.04% $ 848,764 $ 16,489 3.90%Time deposits 236,216 4,849 4.14 256,212 5,992 4.69Total interest-bearing deposits 1,218,049 19,643 3.25 1,104,976 22,481 4.08Total interest-bearing liabilities 1,218,049 19,643 3.25 1,104,976 22,481 4.08Noninterest-bearing liabilities:Noninterest-bearing deposits 318,952 426,696Other noninterest-bearing liabilities 10,228 12,218Total noninterest-bearing liabilities 329,180 438,914Shareholders' equity 222,686 180,503Total liabilities and shareholders' equity $ 1,769,915 $ 1,724,393Net interest income $ 42,580 $ 43,242Net interest spread 4.01% 3.74%Net interest margin 4.97% 5.15%(1) Nonaccrual loans are included in total loans Net Interest Margin For the Three Months Ended June 30, 2025 2024 (unaudited) (unaudited) Average Interest Average Average Interest Average Balance Income/ Yield/ Balance Income/ Yield/ Expense Rate Expense Rate (Dollars in thousands)Interest-Earning Assets:Short-term investments $ 247,652 $ 2,475 4.01% $ 173,502 $ 2,488 5.75%Debt securities, taxable-equivalent 47,285 278 2.36 106,457 951 3.58Debt securities, tax exempt 12,502 63 2.02 17,252 71 1.65Loans held for sale 1,987 – – 355 – -Total loans(1) 1,448,924 28,965 8.02 1,354,985 28,926 8.56Total interest-earning assets 1,758,350 31,781 7.25 1,652,551 32,436 7.87Noninterest-earning assets 43,048 38,722Total assets $ 1,801,398 $ 1,691,273Funding sources:Interest-bearing liabilities:Deposits:Transaction accounts $ 1,006,484 $ 7,676 3.06% $ 851,751 $ 8,293 3.91%Time deposits 236,108 2,367 4.02 247,452 2,911 4.72Total interest-bearing deposits 1,242,592 10,043 3.24 1,099,203 11,204 4.09Total interest-bearing liabilities $ 1,242,592 10,043 3.24 $ 1,099,203 11,204 4.09Noninterest-bearing liabilities:Noninterest-bearing deposits $ 321,351 $ 394,010Other noninterest-bearing liabilities 10,471 12,778Total noninterest-bearing liabilities 331,822 406,788Shareholders' equity 226,984 185,282Total liabilities and shareholders' equity $ 1,801,398 $ 1,691,273Net interest income $ 21,738 $ 21,232Net interest spread 4.01% 3.78%Net interest margin 4.96% 5.15%

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 second quarter results, which will be broadcast live over the Internet, on Thursday, July 17, 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/46bjlDkrk8v. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/46bjlDkrk8v shortly after the callfor 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 TravisPresident & CEO(405) 810-8600

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SOURCE Bank7 Corp.

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