Bank7 Corp. ( (BSVN) ) has released its Q1 earnings. Here is a breakdown of the information Bank7 Corp. presented to its investors.
Bank7 Corp., a bank holding company based in Oklahoma City, operates through its subsidiary Bank7, providing tailored loan and deposit products to business owners across Oklahoma, Texas, and Kansas. The company aims to expand through organic growth and strategic acquisitions.
In its first quarter of 2025, Bank7 Corp. reported a net income of $10.3 million, marking an 8.43% decrease from the previous year. The earnings per share also saw a decline, dropping to $1.08 from $1.21. Despite these decreases, the company maintained strong capital levels, with total assets slightly increasing to $1.8 billion and total loans growing by 3.63%.
Key financial metrics revealed a decrease in total interest income by 8.56% to $30.4 million, while net interest income stood at $20.8 million. The bank’s capital ratios remained robust, significantly exceeding the regulatory requirements for being well-capitalized. Additionally, the company reported a slight increase in total deposits, reaching $1.55 billion.
Looking ahead, Bank7 Corp. remains focused on navigating economic uncertainties and market volatility. The management emphasizes its strategic positioning in a resilient region of the United States, aiming to continue building capital and maintaining financial stability.