OKLAHOMA CITY, Jan. 15, 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 December 31, 2025. “We are happy to report a strong fourth quarter and another full-year of robust earnings. Our bankers produced outstanding loan and deposit growth, while also maintaining a strong net interest margin and excellent credit quality. 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 December 31, 2025 compared to the three months ended September 30, 2025:
- Net income of $10.8 million compared to $10.8 million, a decrease of 0.55%
- Earnings per share of $1.12 compared to $1.13, a decrease of 0.88%
- Total assets of $2.0 billion compared to $1.9 billion, an increase of 3.82%
- Total loans of $1.6 billion compared to $1.5 billion, an increase of 4.71%
- Pre-provision pre-tax earnings of $14.2 million compared to $14.9 million, a decrease of 4.95%
- Total interest income of $32.8 million compared to $33.7 million, a decrease of 2.67%
For the year ended December 31, 2025 compared to the year ended December 31, 2024:
- Net income of $43.1 million compared to $45.7 million, a decrease of 5.75%
- Earnings per share of $4.50 compared to $4.84, a decrease of 7.02%
- Total assets of $2.0 billion compared to $1.7 billion, an increase of 12.87%
- Total loans of $1.6 billion compared to $1.4 billion, an increase of 14.96%
- Pre-provision pre-tax earnings of $57.5 million compared to $60.4 million, a decrease of 4.78%
- Total interest income of $128.8 million compared to $131.5 million, a decrease of 2.11%
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 December 31, 2025, the Bank’s Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 12.82%, 14.09%, and 15.25%, respectively. On December 31, 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 12.82%, 14.09%, and 15.24%, 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.
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For the Three Months Ended |
For the Year Ended |
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|
December 31, |
September 30, |
December 31, |
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|
2025 |
2025 |
2025 |
2024 |
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|
Calculation of Pre-Provision Pre-Tax Earnings |
(Dollars in thousands) |
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|
Net Income |
$ 10,784 |
$ 10,844 |
$ 43,069 |
$ 45,698 |
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|
Income Tax Expense |
3,375 |
3,342 |
13,696 |
14,656 |
|||
|
Pre-tax net income |
14,159 |
14,186 |
56,765 |
60,354 |
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|
Add back: Provision for credit losses |
– |
700 |
700 |
– |
|||
|
Add back: (Gain)Loss on sales/calls of AFS debt securities |
– |
10 |
10 |
6 |
|||
|
Pre-provision pre-tax earnings |
$ 14,159 |
$ 14,896 |
57,475 |
60,360 |
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|
Unaudited Condensed Consolidated Balance Sheets |
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Assets |
December 31, |
December 31, |
|
|
(Dollars in thousands) |
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|
Cash and due from banks |
$ 244,635 |
$ 234,196 |
|
|
Interest-bearing time deposits in other banks |
10,457 |
6,719 |
|
|
Available-for-sale debt securities (amortized cost of $57,316 and |
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|
$66,445 at December 31, 2025 and December 31, 2024, respectively) |
54,019 |
59,941 |
|
|
Loans, net of allowance for credit losses of $19,407 and |
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|
$17,918 at December 31, 2025 and December 31, 2024, respectively |
1,587,024 |
1,379,465 |
|
|
Loans held for sale |
2,078 |
– |
|
|
Premises and equipment, net |
21,884 |
18,137 |
|
|
Nonmarketable equity securities |
1,165 |
1,283 |
|
|
Core deposit intangibles |
752 |
878 |
|
|
Goodwill |
11,208 |
8,458 |
|
|
Interest receivable and other assets |
30,418 |
30,731 |
|
|
Total assets |
$ 1,963,640 |
$ 1,739,808 |
|
|
Liabilities and Shareholders’ Equity |
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|
Deposits |
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Noninterest-bearing |
$ 341,416 |
$ 313,258 |
|
|
Interest-bearing |
1,359,417 |
1,202,213 |
|
|
Total deposits |
1,700,833 |
1,515,471 |
|
|
Income taxes payable |
594 |
77 |
|
|
Interest payable and other liabilities |
11,218 |
11,047 |
|
|
Total liabilities |
1,712,645 |
1,526,595 |
|
|
Shareholders’ equity |
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|
Common stock, $0.01 par value; 50,000,000 shares authorized; shares |
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|
issued and outstanding: 9,462,656 and 9,390,211 at December 31, 2025 |
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|
and December 31, 2024, respectively |
95 |
94 |
|
|
Additional paid-in capital |
103,739 |
101,809 |
|
|
Retained earnings |
149,707 |
116,281 |
|
|
Accumulated other comprehensive loss |
(2,546) |
(4,971) |
|
|
Total shareholders’ equity |
250,995 |
213,213 |
|
|
Total liabilities and shareholders’ equity |
$ 1,963,640 |
$ 1,739,808 |
|
|
Unaudited Condensed Consolidated Statements of Comprehensive Income |
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Three Months Ended |
For the Year Ended |
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|
December 31, |
December 31, |
|||||||
|
2025 |
2024 |
2025 |
2024 |
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|
Interest Income |
(Dollars in thousands) |
|||||||
|
Loans, including fees |
$ 30,306 |
$ 29,582 |
$ 117,513 |
$ 119,416 |
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|
Interest-bearing time deposits in other banks |
158 |
110 |
564 |
785 |
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|
Debt securities, taxable |
258 |
265 |
1,085 |
2,531 |
||||
|
Debt securities, tax-exempt |
59 |
60 |
246 |
273 |
||||
|
Other interest and dividend income |
2,035 |
2,313 |
9,350 |
8,535 |
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|
Total interest income |
32,816 |
32,330 |
128,758 |
131,540 |
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|
Interest Expense |
||||||||
|
Deposits |
10,551 |
10,593 |
40,885 |
45,345 |
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|
Total interest expense |
10,551 |
10,593 |
40,885 |
45,345 |
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|
Net Interest Income |
22,265 |
21,737 |
87,873 |
86,195 |
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|
Provision for Credit Losses |
– |
– |
700 |
– |
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|
Net Interest Income After Provision for Credit Losses |
22,265 |
21,737 |
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