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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
 
October 26, 2022


Bank7 Corp.
(Exact name of registrant as specified in its charter)



Oklahoma
001-38656
20-0764349
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

1039 N.W. 63rd Street, Oklahoma City, Oklahoma 73116
(Address of principal executive offices) (Zip Code)

(405) 810-8600
 (Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
BSVN
The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02.
Results of Operations and Financial Condition

Item 7.01
Regulation FD Disclosure

On October 26, 2022, Bank7 Corp. (the “Company”), the holding company for Bank7, issued a press release announcing its results of operation and financial condition for the quarter ended September 30, 2022.  A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The Company is conducting a conference call on October 26, 2022 at 9:00 am CST to discuss its third quarter financial results. A copy of the presentation slides to be used during the earnings call is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

Item 9.01
Financial Statements and Exhibits

 
(d)
Exhibits.

The following exhibits are filed herewith:

Item
 
Description
   
 
Press Release dated October 26, 2022
 
Third Quarter 2022 Investor Presentation


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
BANK7 CORP.
     
Date: October 26, 2022
By:
/s/   Kelly J. Harris
   
Kelly J. Harris
   
Executive Vice President and Chief Financial Officer



EX-99.1 2 brhc10043254_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1


FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q3 2022 Earnings

Oklahoma City, October 26, 2022 – Bank7 Corp. (NASDAQ: BSVN) (“the Company”), the parent company of Oklahoma City-based Bank7 (the “Bank”), today reported unaudited results for the fiscal quarter ended September 30, 2022.  “We are pleased to announce another excellent quarter, as evidenced by the Company’s record net income and earnings per share. In addition to our talented bankers, our position in dynamic geographic markets, strong loan growth, and asset sensitive balance sheet, continues to produce outstanding results.  Moving forward, we are focused on maintaining such results through organic growth and strategic acquisitions,” said Thomas L. Travis, President and CEO of the Company. 

Three months ended September 30, 2022 compared to three months ended June 30, 2022


-
Net income of $8.04 million compared to $7.02 million, an increase of 14.48%

-
Diluted earnings per share of $0.87 compared to $0.76, an increase of 14.47%

-
Total assets of $1.58 billion compared to $1.49 billion, an increase of 6.28%

-
Total loans of $1.23 billion compared to $1.15 billion, an increase of 7.01%

-
PPE of $12.76 million compared to $9.53 million, an increase of 34.15%

-
Total interest income of $21.69 million compared to $16.67 million, an increase of 30.10%

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, 2022, the Bank’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.04%, and 12.10%, respectively.  On September 30, 2022, on a consolidated basis, the Company’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.03%, and 12.09%, respectively.  Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators.


Bank7 Corp.
Consolidated Balance Sheets

Assets
 
September 30, 2022
(unaudited)
   
December 31,
2021
 
             
Cash and due from banks
 
$
147,241
   
$
195,359
 
Federal funds sold
   
-
     
9,493
 
Cash and cash equivalents
   
147,241
     
204,852
 
Interest-bearing time deposits in other banks
   
1,494
     
3,237
 
Available-for-sale debt securities
   
174,534
     
84,808
 
Loans, net of allowance for loan losses of $13,153 and $10,316 at September 30, 2022 and December 31, 2021, respectively
   
1,219,998
     
1,018,085
 
Loans held for sale, at fair value
   
204
     
464
 
Premises and equipment, net
   
13,352
     
17,257
 
Nonmarketable equity securities
   
1,193
     
1,202
 
Core deposit intangibles
   
1,412
     
1,643
 
Goodwill
   
8,068
     
8,479
 
Interest receivable and other assets
   
13,456
     
10,522
 
                 
Total assets
 
$
1,580,952
   
$
1,350,549
 
                 
Liabilities and Shareholders’ Equity
               
                 
Deposits
               
Noninterest-bearing
 
$
497,768
   
$
366,705
 
Interest-bearing
   
939,568
     
850,766
 
                 
Total deposits
   
1,437,336
     
1,217,471
 
                 
Income taxes payable
   
446
     
-
 
Interest payable and other liabilities
   
7,351
     
5,670
 
                 
Total liabilities
   
1,445,133
     
1,223,141
 
                 
Shareholders’ equity
               
Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,115,739 and 9,071,417 at September 30, 2022 and December 31, 2021 respectively
   
91
     
91
 
                 
Additional paid-in capital
   
95,054
     
94,024
 
Retained earnings
   
51,123
     
33,149
 
Accumulated other comprehensive income (loss)
   
(10,449
)
   
144
 
                 
Total shareholders’ equity
   
135,819
     
127,408
 
 
               
Total liabilities and shareholders’ equity
 
$
1,580,952
   
$
1,350,549
 


   
Three months ended
September 30,
(unaudited)
   
Nine months ended
September 30,
(unaudited)
 
   
2022
   
2021
   
2022
   
2021
 
Interest Income
                       
Loans, including fees
 
$
20,466
   
$
13,927
   
$
50,597
   
$
41,377
 
Interest-bearing time deposits in other banks
   
10
     
35
     
39
     
141
 
Debt securities, taxable
   
690
     
-
     
1,625
     
-
 
Debt securities, tax-exempt
   
90
     
-
     
273
     
-
 
Other interest and dividend income
   
435
     
46
     
754
     
114
 
                                 
Total interest income
   
21,691
     
14,008
     
53,288
     
41,632
 
                                 
Interest Expense
                               
Deposits
   
2,646
     
729
     
4,241
     
2,376
 
                                 
Total interest expense
   
2,646
     
729
     
4,241
     
2,376
 
                                 
Net Interest Income
   
19,045
     
13,279
     
49,047
     
39,256
 
                                 
Provision for Loan Losses
   
2,348
     
750
     
2,843
     
3,325
 
                                 
Net Interest Income After Provision for Loan Losses
   
16,697
     
12,529
     
46,204
     
35,931
 
                                 
Noninterest Income
                               
Secondary market income
   
134
     
161
     
395
     
253
 
Gain (Loss) on sales, maturities, prepayments and calls of available-for-sale debt securities
   
(10
)
   
-
     
(127
)
   
-
 
Service charges on deposit accounts
   
210
     
141
     
678
     
380
 
Other
   
506
     
275
     
1,261
     
860
 
                                 
Total noninterest income
   
840
     
577
     
2,207
     
1,493
 
                                 
Noninterest Expense
                               
Salaries and employee benefits
   
3,996
     
2,946
     
12,148
     
8,685
 
Furniture and equipment
   
390
     
218
     
1,134
     
651
 
Occupancy
   
614
     
461
     
1,736
     
1,391
 
Data and item processing
   
522
     
292
     
1,468
     
857
 
Accounting, marketing and legal fees
   
340
     
150
     
782
     
447
 
Regulatory assessments
   
551
     
162
     
973
     
464
 
Advertsing and public relations
   
83
     
76
     
314
     
181
 
Travel, lodging and entertainment
   
94
     
102
     
216
     
309
 
Other
   
543
     
372
     
1,745
     
1,213
 
                                 
Total noninterest expense
   
7,133
     
4,779
     
20,516
     
14,198
 
                                 
Income Before Taxes
   
10,404
     
8,327
     
27,895
     
23,226
 
Income tax expense
   
2,363
     
2,063
     
6,646
     
5,753
 
Net Income
 
$
8,041
   
$
6,264
   
$
21,249
   
$
17,473
 
                                 
Earnings per common share - basic
 
$
0.88
   
$
0.69
   
$
2.34
   
$
1.93
 
Earnings per common share - diluted
   
0.87
     
0.69
     
2.31
     
1.92
 
Weighted average common shares outstanding - basic
   
9,100,789
     
9,052,718
     
9,095,724
     
9,051,112
 
Weighted average common shares outstanding - diluted
   
9,208,850
     
9,105,255
     
9,194,586
     
9,078,671
 
                                 
Other Comprehensive Income (Loss)
                               
Unrealized losses on securities, net of tax benefit of $1.7 million and $0 for the three months ended September 30, 2022 and 2021, respectively; $3.2 million and $0 for the nine months ended September 30, 2022 and 2021, respectively
 
$
(2,674
)
 
$
-
   
$
(10,691
)
 
$
-
 
Reclassification adjustment for realized (gain)loss included in net income, net of tax of $2 and $0 for the three months ended September 30, 2022 and 2021, respectively; $29 and $0 for the nine months ended September 30, 2022 and 2021, respectively
   
8
     
-
     
98
     
-
 
Other comprehensive loss, net of tax benefit of $1.7 million and $0 for the three months ended September 30, 2022 and 2021, respectively; $3.2 million and $0 for the nine months ended September 30, 2022 and 2021, respectively
 
$
(2,666
)
 
$
-
   
$
(10,593
)
 
$
-
 
Comprehensive Income (Loss)
 
$
5,375
   
$
6,264
   
$
10,656
   
$
17,473
 


   
Net Interest Margin
 
   
For the Nine Months Ended September 30,
 
   
2022
(unaudited)
   
2021
 
   
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
 
$
139,133
   
$
793
     
0.76
%
 
$
124,801
   
$
236
     
0.25
%
Investment securities, taxable
   
150,180
     
1,625
     
1.45
     
1,182
     
19
     
2.15
 
Debt securities, tax exempt
   
14,820
     
273
     
2.46
     
-
     
-
     
-
 
Loans held for sale
   
686
     
-
     
-
     
501
     
-
     
-
 
Total loans(1)
   
1,103,114
     
50,597
     
6.13
     
887,353
     
41,377
     
6.23
 
Total interest-earning assets
   
1,407,933
     
53,288
     
5.06
     
1,013,837
     
41,632
     
5.49
 
Noninterest-earning assets
   
24,069
                     
5,927
                 
Total assets
 
$
1,432,002
                   
$
1,019,764
                 
                                                 
Funding sources:
                                               
Interest-bearing liabilities:
                                               
Deposits:
                                               
Transaction accounts
 
$
699,670
     
3,351
     
0.64
%
 
$
410,299
     
1,024
     
0.33
%
Time deposits
   
168,608
     
890
     
0.71
     
212,706
     
1,352
     
0.85
 
Total interest-bearing deposits
   
868,278
     
4,241
     
0.65
     
623,005
     
2,376
     
0.51
 
Total interest-bearing liabilities
   
868,278
     
4,241
     
0.65
     
623,005
     
2,376
     
0.51
 
                                                 
Noninterest-bearing liabilities:
                                               
Noninterest-bearing deposits
   
424,720
                     
277,308
                 
Other noninterest-bearing liabilities
   
7,128
                     
5,634
                 
Total noninterest-bearing liabilities
   
431,848
                     
282,942
                 
Shareholders’ equity
   
131,876
                     
113,817
                 
Total liabilities and shareholders’ equity
 
$
1,432,002
                   
$
1,019,764
                 
                                                 
Net interest income
         
$
49,047
                   
$
39,256
         
Net interest spread
                   
4.41
%
                   
4.98
%
Net interest margin
                   
4.66
%
                   
5.18
%

(1)
Nonaccrual loans are included in total loans


   
For the Three Months Ended September 30,
 
   
2022
(unaudited)
   
2021
 
   
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
 
$
99,751
   
$
445
     
1.77
%
 
$
120,078
   
$
79
     
0.26
%
Debt securities, taxable-equivalent
   
163,699
     
690
     
1.67
     
1,187
     
2
     
0.67
 
Debt securities, tax exempt
   
21,811
     
90
     
1.64
     
-
     
-
     
-
 
Loans held for sale
   
1,281
     
-
     
-
     
610
     
-
     
-
 
Total loans(1)
   
1,213,080
     
20,466
     
6.69
     
924,391
     
13,927
     
5.98
 
Total interest-earning assets
   
1,499,622
     
21,691
     
5.74
     
1,046,266
     
14,008
     
5.31
 
Noninterest-earning assets
   
23,197
                     
5,607
                 
Total assets
 
$
1,522,819
                   
$
1,051,873
                 
                                                 
Funding sources:
                                               
Interest-bearing liabilities:
                                               
Deposits:
                                               
Transaction accounts
 
$
761,927
     
2,338
     
1.22
%
 
$
401,843
     
332
     
0.33
%
Time deposits
   
152,910
     
308
     
0.80
     
220,189
     
397
     
0.72
 
Total interest-bearing deposits
   
914,837
     
2,646
     
1.15
     
622,032
     
729
     
0.46
 
Total interest-bearing liabilities
 
$
914,837
     
2,646
     
1.15
   
$
622,032
     
729
     
0.46
 
                                                 
Noninterest-bearing liabilities:
                                               
Noninterest-bearing deposits
 
$
463,882
                   
$
304,063
                 
Other noninterest-bearing liabilities
   
8,132
                     
6,633
                 
Total noninterest-bearing liabilities
   
472,014
                     
310,696
                 
Shareholders’ equity
   
135,968
                     
119,145
                 
Total liabilities and shareholders’ equity
 
$
1,522,819
                   
$
1,051,873
                 
                                                 
Net interest income
         
$
19,045
                   
$
13,279
         
Net interest spread
                   
4.99
%
                   
4.85
%
Net interest margin
                   
5.04
%
                   
5.04
%

(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 Wednesday, October 26, 2022 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/N4zQYGV2vjL. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/N4zQYGV2vjL 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 of COVID-19 on the United States economy and our operations, 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
 


EX-99.2 3 brhc10043254_ex99-2.htm EXHIBIT 99.2
Exhibit 99.2

 BSVN  Q3 2022  EARNINGS RELEASE  October 26, 2022 
 

 1  BSVN – Corporate Overview  All data as of September 30, 2022, unless indicated otherwise  (1) Core loans is a non-GAAP financial measure and is defined as total loans less PPP loans of $2.6, $9.9, and $27.3 million for September 30, 2022, June 30, 2022, and September 30,2021, respectively  Positioned in dynamic markets, with a commercial banking emphasis delivering services via a branch-lite model  Experienced and talented bankers focused on high-touch personalized service, targeting entrepreneurs and their commercial banking needs  Disciplined credit culture that adheres to a robust risk management framework resulting in excellent credit quality and a history of low loan losses  Shareholder alignment due to 58% insider ownership   Continued focus on organic growth in our geographic footprint, while pursuing strategic acquisitions  Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States  YoY Change 
 

 2  Q3 Overview  All data as of September 30,2022, unless indicated otherwise  Core loans is a non-GAAP financial measure and is defined as total loans less PPP loans of $2.6 million  Strong Organic Loan Growth  Core loans increased by $88.11 million or 7.71% compared to Q2 – our bankers continue to perform at a high level and we benefit from being located in a dynamic part of the country   Net Interest Margin Consistency  Net interest margin, excluding loan fee income, increased 56 bps or 13.74% in Q3 – attributable to strong loan growth and our asset sensitive balance sheet  Strong Capital and Liquidity  Record PPE, Net Income, and EPS   Tier 1 Leverage: 9.01%   CET 1 Capital: 11.03%   Total Capital: 12.09%  Liquidity: 21.13%  (1) 
 

 3  Exceptional Earnings & Capital Growth – Four Years Post IPO  Tangible Book Value Per Share  Dollars are in thousands, except for per share data   Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  CAGR since 2018: 17.2%  Diluted Earnings Per Share  (1)  Pro Forma  14.5% increase  Consistently strong earnings increased our TBV despite three factors:  $0.85 per share paid for our all-cash acquisition in Q4 2021  $1.12 per share AOCI unrealized loss from investments  $1.82 per share paid in cash dividends  $ 0.81  Record EPS of $0.87, a 14.47% increase from Q2 - further illustrating the strength of our earnings growth 
 

 2.51%  Pro Forma  Pro Forma  Reliable Top Performer  Return on Average Assets (1)(2)  Return on Average Tangible Common Equity (1) (2)  Dollars are in millions  Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, June 30, and September 30, 2022  Profitability metrics are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods   Pro Forma YTD ROAA, ROATCE and efficiency ratio are non-GAAP financial measures, see Appendix for reconciliation to the most comparable GAAP measures for these metrics  Efficiency Ratio (2)  ROATCE was 25.49% for Q3, an 8.46% increase compared to Q2  As expected, our Q4 2021 acquisition of Cornerstone Bank caused a temporary decline in our ROAA and a slight increase in our efficiency ratio. Both metrics continued improving to historical ranges during Q3  4  38.3%  20.9%  Pro Forma  5 - year average: 22.0%  5 - year average: 2.33%  5 - year average: 37.06% 
 

 CAGR Since 2014: 23.1%  5  Total Assets  Strategic Growth in Dynamic Markets  2015  LPO opened in Irving, TX  2019  LPO opened in Tulsa, OK, full service branch opened in Frisco, TX  2020  Full service branch opened in Tulsa, OK   2017  Full service branch opened in Irving, TX  2014  Kansas acquisition  2018  Completed IPO  2021  Oklahoma acquisition  Dollars are in millions 
 

 CAGR Since 2017: 18.0%  Loan Portfolio Trends – Selected Categories  6  Broad & Deep Loan Growth  Dollars are in millions 
 

 CAGR since 2017: 18.2%  7  Historical Deposit Growth  Deposit Growth & Composition  Year-to-date total deposits have increased $219.9 million or 18.06%   Proven ability to grow demand deposits the right way, in core and noninterest bearing accounts  Deposit Composition  Dollars are in millions 
 

 Dollars are in millions  Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, June 30, and September 30, 2022  Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period. See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  Pro Forma noninterest expense to average assets in a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  34.15% increase QoQ  Robust and Consistent PPE Growth  PPE(1)  8  $26.8  Pro Forma  Record PPE of $12.76 million, an increase of $3.25 million or 34.15% compared to Q2  Strong PPE growth was driven by:  Rising rates and an asset sensitive balance sheet  Continued loan growth  Disciplined pricing  We scale and achieve maximum productivity by:  Utilizing a branch-lite model  Hiring fewer but better FTEs  Efficient delivery systems and strict adherence to process  Maximizing Our Employee Base(1)   3.56%  Actual  Pro Forma 
 

 Dollars are in millions  Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, June 30, and September 30, 2022  Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period. See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  Pro Forma noninterest expense to average assets in a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  34.15% increase QoQ  Robust and Consistent PPE Growth  PPE(1)  8  $26.8  Pro Forma  Record PPE of $12.76 million, an increase of $3.25 million or 34.15% compared to Q2  Strong PPE growth was driven by:  Rising rates and an asset sensitive balance sheet  Continued loan growth  Disciplined pricing  We scale and achieve maximum productivity by:  Utilizing a branch-lite model  Hiring fewer but better FTEs  Efficient delivery systems and strict adherence to process  Maximizing Our Employee Base(1)   3.56%  Actual  Pro Forma 
 Well Positioned for a Rising Rate Environment  Loan Portfolio Repricing Reinforces Benefit of Asset Sensitivity  Dollars are in millions  Financial data is as of or for the six months ended September 30, 2022  Fixed rate loans are defined as loans that reprice > than 1 year   9  ($828.4mm are daily floaters) 
 

 Consistent Net Interest Margin  Financial data is as of or for the three months ended March 31, June 30, and September 30, 2022 and as of or for the twelve months ended of each respective year  Net interest margin (excluding loan fee income) is a non-GAAP financial measure, see Appendix for reconciliation to the most comparable GAAP measure for this metric  Net Interest Margin  Due to our asset sensitive balance sheet and strong loan growth, net interest margin continues to show strength  10 
 

 Loan Portfolio Distribution  Dollars are in millions. Data as of September 30, 2022  Gross Loan Portfolio Composition by Purpose Type  11 
 

 Hospitality Loan Portfolio Detail  12  Hotel Portfolio Exposure by Class  Blue collar portfolio that is well-protected by the “cycle-down” effect of a recession   Geographically concentrated in TX (86%) and other markets with favorable economic conditions  Loans personally guaranteed by experienced owner/operators with operating history spanning decades of economic cycles  Diversified lending to many reputable brands  Consistent underwriting fundamentals with disciplined equity requirements, debt coverage ratio requirements, personal recourse, and rapid amortization  Portfolio Metrics – 39 Operating Properties  (1)  Hotel Portfolio Exposure by Location  Dollars are in millions except per room data. Data as of September 30, 2022.  (1) Seven properties under construction are excluded from operating property count 
 

 13  Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1)  Dollars are in thousands  The above assumes no cash dividends and is simply an illustration and should not be considered a projection or forward-looking guidance of any kind  DFAST = Dodd-Frank Act Stress Test  Excess capital to target ratio expressed in % is the difference between the actual ratio and regulatory minimum divided by the regulatory minimum  Excess capital to target ratio expressed in $ is the excess capital % multiplied by either average assets or risk-weighted assets, assuming a static balance sheet over the next 24 months   Trailing twelve months PPE of $39.4 million extrapolated over two years  Earnings-driven Capital Shock-absorption 
 

 Appendix 
 

 15  Bank7 Corp. Financials  Net income and earnings per share are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective tax periods; EPS calculation is based on diluted shares and combined federal and state effective tax rate for the three months ended September 30, and June 30, 2022 of 22.7% and 24.5%, respectively  Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to most comparable GAAP measure for this metric  All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation and related tax impact from net income. See detail and reconciliation on slide 19 of this presentation 
 

 16  Bank7 Corp. Performance Ratios  Return on average assets and shareholder’s equity are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods  Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent basis and noninterest income     Represents a non-GAAP financial measure, see non-GAAP reconciliations table for reconciliation to the most comparable GAAP measure for this metric  Ratios are based on Bank level financial information rather than consolidated information. At September 30, 2022, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.03%, and 12.09% respectively for the Company  All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation expense and related tax impact from net income. See detail and reconciliation on slide 19 of this presentation 
 

 17  Non-GAAP Reconciliations 
 

 Investment Portfolio  Available-for-Sale Securities Portfolio  Dollars are in millions.  All of our mortgage-backed securities and collateralized mortgage obligations are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities.  Total investment securities of $175 million as of September 30, 2022  18  Weighted Average Duration : 3.2 Years  Book Yield: 1.74%  (1) 
 

 19  2019 Pro Forma Net Income Reconciliation   On September 5, 2019, our largest shareholders, the Haines Family Trusts, contributed approximately 6.5% of their shares (656,925 shares) to the Company.  Subsequently, the Company immediately issued those shares to certain executive officers, which was charged as compensation expense of $11.8 million, including payroll taxes, through the income statement of the Company. Additionally, at the discretion of the employees receiving shares to assist in paying tax withholdings, 149,425 shares were withheld and subsequently canceled, resulting in a charge to retained earnings of $2.6 million. 
 

 20  Legal Information and Disclaimer  This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. 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 of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. 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. 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.     Within this presentation, we reference certain market, industry and demographic data, forecasts and other statistical information. We have obtained this data, forecasts and information from various independent, third party industry sources and publications. Nothing in the data, forecasts or information used or derived from third party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of industry publications and surveys and independent sources. We believe that these sources and estimates are reliable, but have not independently verified them. Statements as to our market position are based on market data currently available to us. Although we are not aware of any misstatements regarding the economic, employment, industry and other market data presented herein, these estimates involve inherent risks and uncertainties and are based on assumptions that are subject to change.     This presentation includes certain non-GAAP financial measures, including pro forma net income, tax-adjusted net income, tax-adjusted earnings per share, tax-adjusted return on average assets and tax-adjusted return on average shareholders’ equity. These non-GAAP financial measures and any other non-GAAP financial measures that we discuss in this presentation should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Bank7 Corp.’s non-GAAP financial measures as tools for comparison. See the table in the appendix of this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures.