Bank7 Corp.

10/15/2026 | Press release | Distributed by Public on 10/15/2026 06:01

Business/Financial Results (Form 8-K)



FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q3 2026 Earnings

Oklahoma City, October 15, 2026 - Bank7 Corp. (NASDAQ: BSVN) (the "Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the quarter ended September 30, 2026. "We are pleased with another quarter of strong core results, including growth in the loan book despite significant payoffs, while also maintaining a healthy pipeline of new loans. The Company continues to benefit from high capital levels, robust liquidity, a strong net interest margin, and excellent credit quality, supported by our properly matched balance sheet and our position in dynamic markets. Regarding the Century merger, we are pleased to report that in addition to receiving all regulatory approvals, the Century Financial shareholders have approved the merger, which is expected to close on November 1, 2026. The merger will extend the franchise into New Mexico and will allow the Company's proven model to leverage Century's core deposits to provide a highly accretive impact on earnings," said Thomas L. Travis, President and CEO of the Company.

For the three months ended September 30, 2026 compared to the three months ended June 30, 2026:


-
Net income of $10.20 million compared to $8.35 million, an increase of 22.25%

-
Earnings per share of $1.06 compared to $0.87, an increase of 21.84%

-
Total assets of $2.01 billion compared to $1.91 billion, an increase of 4.84%

-
Total loans of $1.63 billion compared to $1.60 billion, an increase of 2.22%

-
Pre-provision pre-tax earnings of $13.62 million compared to $11.02 million, an increase of 23.65%

-
Total interest income of $31.93 million compared to $30.93 million, an increase of 3.25%

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 September 30, 2026, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 14.12%, 15.18%, and 16.31%, respectively. On September 30, 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 14.12%, 15.17%, and 16.30%, 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


September 30,
2026


June 30,
2026

Calculation of Pre-Provision Pre-Tax Earnings
(Dollars in thousands)
Net Income
$
10,203
$
8,346
Income Tax Expense
3,412
2,669
Pre-tax net income
13,615
11,015
Add back: Provision for credit losses
-
-
Add back: (Gain)Loss on sales/calls of AFS debt securities
5
-
Pre-provision pre-tax earnings
$
13,620
$
11,015

Unaudited Condensed Consolidated Balance Sheets
(Dollar amounts in thousands, except par value)
Assets
September 30,
2026
(unaudited)
December 31,
2025

(Dollars in thousands)
Cash and due from banks
$
277,176
$
244,635
Interest-bearing time deposits in other banks
-
10,457
Available-for-sale debt securities (amortized cost of $51,714 and $57,316 at September 30,2026
and December 31, 2025, respectively)
47,539
54,019
Loans, net of allowance for credit losses of $19,367 and $19,407 at September 30, 2026 and
December 31, 2025, respectively
1,613,521
1,587,024
Loans held for sale
2,677
2,078
Premises and equipment, net
27,131
21,884
Nonmarketable equity securities
1,376
1,165
Core deposit intangibles
658
752
Goodwill
11,208
11,208
Interest receivable and other assets
25,700
30,418
Total assets
$
2,006,986
$
1,963,640
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing
$
328,111
$
341,416
Interest-bearing
1,392,947
1,359,417
Total deposits
1,721,058
1,700,833
Income taxes payable
139
594
Interest payable and other liabilities
12,064
11,218
Total liabilities
1,733,261
1,712,645
Shareholders' equity
Common stock, $0.01 par value; 50,000,000 shares authorized; shares
issued and outstanding: 9,525,856 and 9,462,656 at September 30, 2026 and December 31, 2025, respectively
95
95
Additional paid-in capital
104,575
103,739
Retained earnings
172,264
149,707
Accumulated other comprehensive loss
(3,209
)
(2,546
)
Total shareholders' equity
273,725
250,995
Total liabilities and shareholders' equity
$
2,006,986
$
1,963,640

Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollar amounts in thousands, except per share data)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2026
(unaudited)
2025
(unaudited)
2026
(unaudited)
2025
(unaudited)
Interest Income
(Dollars in thousands)
Loans, including fees
$
29,513
$
30,914
$
90,105
$
87,207
Interest-bearing time deposits in other banks
9
160
160
406
Debt securities, taxable
243
266
742
827
Debt securities, tax-exempt
57
60
176
187
Other interest and dividend income
2,110
2,317
5,460
7,315
Total interest income
31,932
33,717
96,643
95,942
Interest Expense
Deposits
9,631
10,691
28,244
30,334
Total interest expense
9,631
10,691
28,244
30,334
Net Interest Income
22,301
23,026
68,399
65,608
Provision for Credit Losses
-
700
-
700
Net Interest Income After Provision for Credit Losses
22,301
22,326
68,399
64,908
Noninterest Income
Mortgage lending income
492
391
1,343
1,000
Loss on sales, prepayments, and calls of available-for-sale debt securities
(5
)
(10
)
(5
)
(10
)
Service charges on deposit accounts
235
248
699
697
Other
347
1,581
2,000
4,976
Total noninterest income
1,069
2,210
4,037
6,663
Noninterest Expense
Salaries and employee benefits
5,740
5,829
18,267
16,829
Furniture and equipment
362
342
1,126
954
Occupancy
659
668
2,069
1,890
Data and item processing
562
515
1,650
1,615
Accounting, marketing and legal fees
902
221
1,924
484
Regulatory assessments
259
248
777
545
Advertising and public relations
171
212
441
629
Travel, lodging and entertainment
185
112
359
289
Other
915
2,203
5,372
5,729
Total noninterest expense
9,755
10,350
31,985
28,964
Income Before Taxes
13,615
14,186
40,451
42,607
Income tax expense
3,412
3,342
9,896
10,322
Net Income
$
10,203
$
10,844
$
30,555
$
32,285
Earnings per common share - basic
$
1.07
$
1.15
$
3.21
$
3.42
Earnings per common share - diluted
1.06
1.13
3.18
3.38
Weighted average common shares outstanding - basic
9,524,105
9,450,984
9,511,608
9,440,655
Weighted average common shares outstanding - diluted
9,639,992
9,597,914
9,615,649
9,565,726
Other Comprehensive (Loss) Income
Unrealized (losses) gains on securities, net of tax (benefit) expense of ($209) and $223 for the three months ended September 30, 2026 and 2025, respectively; net of tax (benefit) expense of ($214) and $642 for the nine months ended September 30, 2026 and 2025, respectively
$
(640
)
$
713
$
(667
)
$
1,942
Reclassification adjustment for realized losses included in net income net of tax of $1 and $2 for the three months ended September 30, 2026 and 2025, respectively; $1 and $2 for the nine months ended September 30, 2026 and 2025, respectively
4
8
4
8
Other comprehensive (loss) income
$
(636
)
$
721
$
(663
)
$
1,950
Comprehensive Income
$
9,567
$
11,565
$
29,892
$
34,235


Net Interest Margin

For the Three Months Ended September 30,

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
$
234,057
$
2,119
3.59
%
$
228,755
$
2,477
4.30
%
Debt securities, taxable
40,889
243
2.36
45,853
266
2.30
Debt securities, tax exempt
10,695
57
2.11
11,972
60
1.99
Loans held for sale
3,519
33
3.72
1,780
-
-
Total loans(1)
1,566,740
29,480
7.46
1,512,147
30,914
8.11
Total interest-earning assets
1,855,900
31,932
6.83
1,800,507
33,717
7.43
Noninterest-earning assets
40,508
42,578
Total assets
$
1,896,408
$
1,843,085
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts
$
1,012,427
$
7,015
2.75
%
$
1,040,322
$
8,388
3.20
%
Time deposits
292,564
2,616
3.55
233,433
2,303
3.91
Total interest-bearing deposits
1,304,991
9,631
2.93
1,273,755
10,691
3.33
Total interest-bearing liabilities
$
1,304,991
9,631
2.93
$
1,273,755
10,691
3.33
Noninterest-bearing liabilities:
Noninterest-bearing deposits
$
308,711
$
320,238
Other noninterest-bearing liabilities
11,377
11,501
Total noninterest-bearing liabilities
320,088
331,739
Shareholders' equity
271,329
237,591
Total liabilities and shareholders' equity
$
1,896,408
$
1,843,085
Net interest income
$
22,301
$
23,026
Net interest spread
3.90
%
4.10
%
Net interest margin
4.77
%
5.07
%

(1)
Nonaccrual loans are included in total loans

Net Interest Margin
For the Nine Months Ended September 30,
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
$
209,553
$
5,620
3.59
%
$
238,118
$
7,721
4.34
%
Debt securities, taxable
42,196
742
2.35
47,248
827
2.34
Debt securities, tax exempt
10,906
176
2.16
12,327
187
2.03
Loans held for sale
2,506
93
4.96
1,453
-
-
Total loans(1)
1,583,699
90,012
7.60
1,453,557
87,207
8.02
Total interest-earning assets
1,848,860
96,643
6.99
1,752,703
95,942
7.32
Noninterest-earning assets
39,059
41,871
Total assets
$
1,887,919
$
1,794,574
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts
$
1,024,563
$
20,958
2.73
%
$
1,001,583
$
23,182
3.09
%
Time deposits
273,187
7,286
3.57
235,278
7,152
4.06
Total interest-bearing deposits
1,297,750
28,244
2.91
1,236,861
30,334
3.28
Total interest-bearing liabilities
$
1,297,750
$
28,244
2.91
$
1,236,861
$
30,334
3.28
Noninterest-bearing liabilities:
Noninterest-bearing deposits
$
316,459
$
319,346
Other noninterest-bearing liabilities
10,023
10,657
Total noninterest-bearing liabilities
326,482
330,003
Shareholders' equity
263,687
227,710
Total liabilities and shareholders' equity
$
1,887,919
$
1,794,574
Net interest income
$
68,399
$
65,608
Net interest spread
4.08
%
4.04
%
Net interest margin
4.95
%
5.00
%

(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 third quarter results, which will be broadcast live over the Internet, on Thursday, October 15, 2026 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/zy8DdJzd536. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/zy8DdJzd536 shortly after the call for 1 year.

Bank7 Corp. published this content on October 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 15, 2026 at 12:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]