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.
For the Three Months Ended For the Year Ended
December 31, September 30, December 31,
2025 2025 2025 2024
Calculation of Pre-Provision Pre-Tax Earnings
(Dollars in thousands)
Net Income $10,784 $10,844 $43,069 $45,698
Income Tax Expense 3,375 3,342 13,696 14,656
Pre-tax net income 14,159 14,186 56,765 60,354
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
Unaudited Condensed Consolidated Balance Sheets
(Dollar amounts in thousands, except par value)
Assets December 31, December 31,
2025 2024
(unaudited)
(Dollars in thousands)
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
$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
$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
Deposits
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
Common stock, $0.01 par value; 50,000,000 shares authorized; shares
issued and outstanding: 9,462,656 and 9,390,211 at December 31, 2025
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
(Dollar amounts in thousands, except per share data)
Three Months Ended For the Year Ended
December 31, December 31,
2025 2024 2025 2024
(unaudited) (unaudited) (unaudited) (unaudited)
Interest Income
(Dollars in thousands)
Loans, including fees $30,306 $29,582 $117,513 $119,416
Interest-bearing time deposits in other banks 158 110 564 785
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
Total interest income 32,816 32,330 128,758 131,540
Interest Expense
Deposits 10,551 10,593 40,885 45,345
Total interest expense 10,551 10,593 40,885 45,345
Net Interest Income 22,265 21,737 87,873 86,195
Provision for Credit Losses 700
Net Interest Income After Provision for Credit Losses 22,265 21,737 87,173 86,195
Noninterest Income
Mortgage lending income 326 137 1,326 370
Loss on sales, prepayments, and calls of available-for-sale debt securities (3) (10) (6)
Service charges on deposit accounts 244 233 941 975
Other 1,269 2,034 6,246 9,915
Total noninterest income 1,839 2,401 8,503 11,254
Noninterest Expense
Salaries and employee benefits 5,805 5,043 22,634 20,783
Furniture and equipment 325 257 1,278 1,070
Occupancy 690 655 2,580 2,640
Data and item processing 513 459 2,128 1,897
Accounting, marketing and legal fees 273 255 757 836
Regulatory assessments 268 211 814 1,196
Advertising and public relations 289 192 917 549
Travel, lodging and entertainment 150 161 439 431
Other 1,632 2,185 7,364 7,693
Total noninterest expense 9,945 9,418 38,911 37,095
Income Before Taxes 14,159 14,720 56,765 60,354
Income tax expense 3,375 3,611 13,696 14,656
Net Income $10,784 $11,109 $43,069 $45,698
Earnings per common share - basic $1.14 $1.19 $4.56 $4.92
Earnings per common share - diluted 1.12 1.16 4.50 4.84
Weighted average common shares outstanding - basic 9,454,366 9,366,074 9,444,105 9,290,051
Weighted average common shares outstanding - diluted 9,599,897 9,556,388 9,574,190 9,447,751
Other Comprehensive Income
Unrealized gains on securities, net of tax expense(benefit) of $141 and ($304) for the
three months ended December 31 2025 and 2024, respectively; net of tax expense of
$784 and $335 for the years ended December 31, 2025 and 2024, respectively $475 $(856) $2,417 $1,169
Reclassification adjustment for realized losses included in net income net of tax of
$0 and $1 for the three months ended December 31, 2025 and 2024, respectively;
$2 and $1 for the years ended December 31, 2025 and 2024, respectively 2 8 5
Other comprehensive income $475 $(854) $2,425 $1,174
Comprehensive Income $11,259 $10,255 $45,494 $46,872
Net Interest Margin
For the Three Months Ended December 31,
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 $226,584 $2,193 3.84 % $195,948 $2,423 4.91 %
Debt securities, taxable-equivalent 44,673 258 2.29 50,504 265 2.08
Debt securities, tax exempt 11,196 59 2.09 14,216 60 1.67
Loans held for sale 1,431 526
Total loans(1) 1,570,814 30,306 7.65 1,422,382 29,582 8.25
Total interest-earning assets 1,854,698 32,816 7.02 1,683,576 32,330 7.62
Noninterest-earning assets 41,518 39,721
Total assets $1,896,216 $1,723,297
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts $1,078,895 $8,214 3.02 % $911,978 $7,683 3.34 %
Time deposits 244,282 2,337 3.80 250,209 2,910 4.61
Total interest-bearing deposits 1,323,177 10,551 3.16 1,162,187 10,593 3.62
Total interest-bearing liabilities $1,323,177 10,551 3.16 $1,162,187 10,593 3.62
Noninterest-bearing liabilities:
Noninterest-bearing deposits $312,943 $338,645
Other noninterest-bearing liabilities 12,435 13,014
Total noninterest-bearing liabilities 325,378 351,659
Shareholders' equity 247,661 209,451
Total liabilities and shareholders' equity $1,896,216 $1,723,297
Net interest income $22,265 $21,737
Net interest spread 3.86 % 4.00 %
Net interest margin 4.76 % 5.12 %
(1) Nonaccrual loans are included in total loans
Net Interest Margin
For the Year Ended December 31,
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 $235,211 $9,914 4.21 % $184,328 $9,320 5.04 %
Debt securities, taxable-equivalent 46,599 1,085 2.33 90,184 2,531 2.80
Debt securities, tax exempt 12,042 246 2.04 16,651 273 1.64
Loans held for sale 1,448 343
Total loans(1) 1,483,112 117,513 7.92 1,391,552 119,416 8.56
Total interest-earning assets 1,778,412 128,758 7.24 1,683,058 131,540 7.79
Noninterest-earning assets 41,782 39,555
Total assets $1,820,194 $1,722,613
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts $1,021,059 $31,396 3.07 % $882,314 $33,408 3.78 %
Time deposits 237,548 9,489 3.99 254,057 11,937 4.69
Total interest-bearing deposits 1,258,607 40,885 3.25 1,136,371 45,345 3.98
Total interest-bearing liabilities $1,258,607 $40,885 3.25 $1,136,371 $45,345 3.98
Noninterest-bearing liabilities:
Noninterest-bearing deposits $317,743 $381,660
Other noninterest-bearing liabilities 11,105 12,419
Total noninterest-bearing liabilities 328,848 394,079
Shareholders' equity 232,739 192,163
Total liabilities and shareholders' equity $1,820,194 $1,722,613
Net interest income $87,873 $86,195
Net interest spread 3.99 % 3.81 %
Net interest margin 4.94 % 5.11 %
(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 fourth quarter results, which will be broadcast live over the Internet, on Thursday, January 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/bY1VLYELzkO. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/bY1VLYELzkO 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
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SOURCE Bank7 Corp.
