EX-99.1 2 ef20070404_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1


FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q1 2026 Earnings

Oklahoma City, April 14, 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 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,
2026
     
March 31,
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