株探米国株
日本語 英語
エドガーで原本を確認する

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)
 
April 12, 2024
 

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 April 12, 2024, 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 March 31, 2024.  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 April 12, 2024 at 9:00 am CST to discuss its first quarter 2024 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 April 12, 2024
 
First Quarter 2024 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: April 12, 2024
By:
/s/ Kelly J. Harris
   
Kelly J. Harris
   
Executive Vice President and Chief Financial Officer



EX-99.1 2 ef20026704_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1


FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q1 2024 Earnings

Oklahoma City, April 12, 2024 – 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, 2024.  “We are pleased with the strength of our core earnings, as evidenced by our pre-tax, pre-provision earnings (PPE).  The Company’s continued ability to exceed historical PPE is a function of our position in dynamic geographic markets, our long-term and broad-based deposit relationships, our debt-free and liquid balance sheet, and our disciplined approach to cost controls. Further, the Company’s credit quality remains a point of strength with minimal exposure to office and retail commercial real estate,” said Thomas L. Travis, President and CEO of the Company.”

For the three months ended March 31, 2024 compared to the three months ended March 31, 2023:


-
Net income of $11.3 million compared to $9.6 million, an increase of 17.50%

-
Earnings per share of $1.21 compared to $1.04, an increase of 16.35%

-
Total assets of $1.8 billion compared to $1.7 billion, an increase of 6.89%

-
Total loans of $1.4 billion compared to $1.3 billion, an increase of 7.39%

-
PPE of $14.9 million compared to $13.0 million, an increase of 14.22%

-
Total interest income of $33.3 million compared to $27.4 million, an increase of 21.57%

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, 2024, the Bank’s Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 10.10%, 12.11%, and 13.36%, respectively.  On March 31, 2024, on a consolidated basis, the Company’s Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 10.11%, 12.11%, and 13.36%, 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 (“PPE”).  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
 
   
Mar 31, 2024
   
Mar 31, 2023
 
Calculation of Pre-Provision Pre-Tax Earnings ("PPE")
 
(Dollars in thousands)
 
Net Income
 
$
3,595
   
$
2,947
 
Income Tax Expense
   
14,883
     
12,554
 
Pre-tax net income
   
14,883
     
12,554
 
Add back: Provision for credit losses
   
-
     
1
 
Add back: (Gain)Loss on sales/calls of AFS debt securities
   
14,883
     
13,030
 
Pre-provision pre-tax earnings
   
14,883
     
13,030
 


Bank7 Corp.
Consolidated Balance Sheets

Assets
 
March 31, 2024
(unaudited)
   
December 31, 2023
 
             
Cash and due from banks
 
$
193,218
   
$
181,042
 
Interest-bearing time deposits in other banks
   
17,181
     
17,679
 
Available-for-sale debt securities
   
151,872
     
169,487
 
Loans, net of allowance for credit losses of $19,696 and $19,691 at March 31, 2024 and December 31, 2023, respectively
   
1,354,195
     
1,341,148
 
Loans held for sale, at fair value
   
-
     
718
 
Premises and equipment, net
   
15,376
     
14,942
 
Nonmarketable equity securities
   
1,278
     
1,283
 
Core deposit intangibles
   
970
     
1,031
 
Goodwill
   
8,458
     
8,458
 
Interest receivable and other assets
   
32,435
     
35,878
 
                 
Total assets
 
$
1,774,983
   
$
1,771,666
 
                 
Liabilities and Shareholders’ Equity
               
                 
Deposits
               
Noninterest-bearing
 
$
452,326
   
$
482,349
 
Interest-bearing
   
1,127,846
     
1,109,042
 
                 
Total deposits
   
1,580,172
     
1,591,391
 
                 
Income taxes payable
   
3,946
     
302
 
Interest payable and other liabilities
   
10,483
     
9,647
 
                 
Total liabilities
   
1,594,601
     
1,601,340
 
                 
Shareholders’ equity
               

               
Common stock, $0.01 par value; 50,000,000 shares authorized; share issued and outstanding: 9,238,206 and 9,197,696 at March 31, 2024 and December 31, 2023, respectively
   
92
     
92
 
                 
Additional paid-in capital
   
97,669
     
97,417
 
Retained earnings
   
88,310
     
78,962
 
Accumulated other comprehensive loss
   
(5,689
)
   
(6,145
)
                 
Total shareholders’ equity
   
180,382
     
170,326
 
 
               
Total liabilities and shareholders’ equity
 
$
1,774,983
   
$
1,771,666
 


   
Three Months Ended
 
   
March 31,
 
   
2024
(unaudited)
   
2023
 
Interest Income
           
Loans, including fees
 
$
30,117
   
$
25,352
 
Interest-bearing time deposits in other banks
   
253
     
49
 
Debt securities, taxable
   
1,012
     
706
 
Debt securities, tax-exempt
   
73
     
87
 
Other interest and dividend income
   
1,832
     
1,186
 
                 
Total interest income
   
33,287
     
27,380
 
                 
Interest Expense
               
Deposits
   
11,277
     
7,374
 
                 
Total interest expense
   
11,277
     
7,374
 
                 
Net Interest Income
   
22,010
     
20,006
 
                 
Provision for Credit Losses
   
-
     
475
 
                 
Net Interest Income After Provision for Credit Losses
   
22,010
     
19,531
 
                 
Noninterest Income
               
Mortgage lending income
   
51
     
54
 
Loss on sales, prepayments, and calls of available-for-sale debt securities
   
-
     
(1
)
Service charges on deposit accounts
   
249
     
235
 
Other
   
1,708
     
384
 
                 
Total noninterest income
   
2,008
     
672
 
                 
Noninterest Expense
               
Salaries and employee benefits
   
5,289
     
4,680
 
Furniture and equipment
   
230
     
249
 
Occupancy
   
661
     
719
 
Data and item processing
   
458
     
386
 
Accounting, marketing and legal fees
   
99
     
298
 
Regulatory assessments
   
386
     
394
 
Advertsing and public relations
   
145
     
148
 
Travel, lodging and entertainment
   
51
     
61
 
Other
   
1,816
     
714
 
                 
Total noninterest expense
   
9,135
     
7,649
 
                 
Income Before Taxes
   
14,883
     
12,554
 
Income tax expense
   
3,595
     
2,947
 
Net Income
 
$
11,288
   
$
9,607
 
                 
Earnings per common share - basic
 
$
1.22
   
$
1.05
 
Earnings per common share - diluted
   
1.21
     
1.04
 
Weighted average common shares outstanding - basic
   
9,220,154
     
9,146,932
 
Weighted average common shares outstanding - diluted
   
9,317,813
     
9,264,247
 
                 
Other Comprehensive Income
               
Unrealized gains on securities, net of tax expense of $0 and $554 for the three months ended March 31, 2024 and 2023, respectively
 
$
456
   
$
1,755
 
Reclassification adjustment for realized losses included in net income net of tax of $0 and $0 for the three months ended March 31, 2024 and 2023, respectively
   
-
     
1
 
Other comprehensive income
 
$
456
   
$
1,756
 
Comprehensive Income
 
$
11,744
   
$
11,363
 


   
Net Interest Margin
 
   
For the Three Months Ended March 31,
 
   
2024
(unaudited)
   
2023
 
   
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
 
$
176,072
   
$
2,085
     
4.75
%
 
$
134,650
   
$
1,235
     
3.72
%
Debt securities, taxable-equivalent
   
153,468
     
1,012
     
2.64
     
153,533
     
706
     
1.86
 
Debt securities, tax exempt
   
18,269
     
73
     
1.60
     
20,318
     
87
     
1.74
 
Loans held for sale
   
238
     
-
     
-
     
43
     
-
     
-
 
Total loans(1)
   
1,369,692
     
30,117
     
8.82
     
1,271,081
     
25,352
     
8.09
 
Total interest-earning assets
   
1,717,739
     
33,287
     
7.77
     
1,579,625
     
27,380
     
7.03
 
Noninterest-earning assets
   
39,769
                     
23,542
                 
Total assets
 
$
1,757,508
                   
$
1,603,167
                 
                                                 
Funding sources:
                                               
Interest-bearing liabilities:
                                               
Deposits:
                                               
Transaction accounts
 
$
845,129
     
8,196
     
3.89
%
 
$
803,618
     
5,753
     
2.90
%
Time deposits
   
264,973
     
3,081
     
4.66
     
213,760
     
1,621
     
3.08
 
Total interest-bearing deposits
   
1,110,102
     
11,277
     
4.07
     
1,017,378
     
7,374
     
2.94
 
Total interest-bearing liabilities
 
$
1,110,102
     
11,277
     
4.07
   
$
1,017,378
     
7,374
     
2.94
 
                                                 
Noninterest-bearing liabilities:
                                               
Noninterest-bearing deposits
 
$
460,028
                   
$
425,640
                 
Other noninterest-bearing liabilities
   
10,970
                     
11,131
                 
Total noninterest-bearing liabilities
   
470,998
                     
436,771
                 
Shareholders' equity
   
176,408
                     
149,018
                 
Total liabilities and shareholders' equity
 
$
1,757,508
                   
$
1,603,167
                 
                                                 
Net interest income
         
$
22,010
                   
$
20,006
         
Net interest spread
                   
3.70
%
                   
4.10
%
Net interest margin
                   
5.14
%
                   
5.14
%

(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 Friday, April 12, 2024 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/w8qEpOZ7G6v. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/w8qEpOZ7G6v 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
 


EX-99.2 3 ef20026704_ex99-2.htm EXHIBIT 99.2
Exhibit 99.2

 Q1 2024   Earnings Release  BSVN  April 12, 2024 
 

 BSVN – Corporate Overview  Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States  Reliable strength in ROATCE, strong earnings and consistent net interest margin  Stable deposits, strong liquidity, and a properly matched balance sheet  Disciplined credit culture that adheres to a robust risk management framework resulting in strong historical credit quality  Experienced and talented bankers focused on high-touch personalized service, targeting entrepreneurs and their commercial banking needs  Positioned in dynamic markets, with a commercial banking emphasis delivering services via a branch-lite model  Shareholder alignment due to 58% insider ownership   Dollars in thousands, all data as of March 31, 2024, unless indicated otherwise 
 

 Q1 Overview  Uninsured deposits represent 26.85% of total deposits, compared to 28.19% for Q4 2023; adjusted uninsured deposits represent 13.68% of total deposits (1)  The sum of cash plus unpledged securities and undrawn lines-of-credit equals $423.69 million, which significantly exceeds adjusted uninsured deposits of $216 million(1), a 1.96x coverage  Stable Quality Deposits & Liquidity  Dollars in thousands, all data as of March 31, 2024, unless indicated otherwise  See slide 3 for adjusted uninsured deposit calculation  $925.35 million of gross loans reprice daily, with $119.88 million of those loans that are at their ceiling  Disciplined loan pricing combined with our consistent net interest margin drove record earnings  Record EPS results were achieved through core earnings with no shares repurchased  We continue to benefit from a low efficiency ratio of 37.78%  Record Earnings & Strong Net Interest Margin  Strong earnings and low dividend payout ratio builds capital rapidly  Capital ratios remain strong and exceed “well capitalized” regulatory guidelines  CET 1 Capital: 12.11%  Tier 1 Leverage: 10.11%  Debt free Balance Sheet  No HTM securities   Prudent Capital Management  Proven ability to successfully manage NIM in varying interest rate environments as we continue to operate within historical ranges   $1.07 billion or 77.90% of loans reprice in 1 year or less, with $925.35 million(2) or 67.27% repricing daily  AOCI is only $5.69 million; the average investment portfolio duration is ~2.1 years, with $84 million of U.S. Treasuries or 52.91% of the total investment portfolio maturing in Q2 of 2024  Proven & Consistent Balance Sheet Management 
 

 Asset Sensitivity and Liquidity  Dollars in thousands, all data as of March 31,2024, unless indicated otherwise  $925.35 million of gross loans reprice daily, with $119.88 million of those loans that are at their ceiling  Asset Sensitivity  (1)  Uninsured deposits total $424.22 million or 26.85% of total deposits; however, after deductions for insider owned, and also collateralized deposits, adjusted uninsured deposits are $216 million, which is 13.68% of total deposits  Cash, securities, and undrawn lines of credit totaled $423.69 million, providing a 1.96x coverage of adjusted uninsured deposits  Uninsured Deposits | Cash/Liquidity  Liquidity 
 

 Deposit Composition  Deposit Growth & Composition  Core and non-interest bearing accounts have shown steady growth(1)  CAGR since 2019: 15.0%  Dollars in millions  Includes interest bearing and non-interest bearing demand deposit, money market, and savings accounts  
 

 Consistent Net Interest Margin  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, 2024  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  ◼︎ Loan Fee Income Contribution  Net interest margin continues to show strength due to disciplined loan pricing, a healthy amount of non-interest bearing deposits, and our asset sensitive balance sheet  During the quarter, we benefited 24 bps by collecting $1 million of interest income, related to full collection of a workout loan relationship 
 

 Diluted Earnings Per Share  16.34% Increase   Pro Forma  $0.81  Tangible Book Value Per Share  CAGR since 2018: 16.0%   Record EPS:  $1.21 for Q1, a 16.34% increase from Q1 2023  No share repurchases during the quarter  Reliable and Rapid Capital Compounder  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  Consistently strong earnings increased TBV despite three factors:  $0.85 per share paid for an all-cash acquisition in Q4 2021  $0.62 per share AOCI unrealized loss from investments  $2.88 per share paid in cash dividends, since IPO  1 
 

 Return on Average Tangible Common Equity (1)(2)  5 year average: 20.5%  Efficiency Ratio (2)  5 year average: 37.3%   Return on Average Assets (1)(2)  5 year average: 2.1%   Reliable Top Performer  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, 2023 and March 31, 2024  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  Source: S&P Global Market Intelligence.  Gross revenue of $1.38 million and gross expense of $1.19 million.  20.90%  Pro   Forma  2.51%  1.03%  Pro  Forma  Performance ratios remain strong and within historical ranges  Excluding oil and gas activity(3), Q1 efficiency ratio is 35.36%  Pro   Forma  8.60%  38.83% 
 

 Consistently Outperforming Peers  Income Statement as a Percentage of Average Assets  PPE to Average Assets vs Peers  Dollars are in thousands  Peer group is defined as exchange-traded banks nationwide with assets between $500mm-$5bn (145 banks); Source: S&P Global Market Intelligence.  Excludes one-time, non-cash executive stock transfer compensation expense of $11.8 million.  As of and for the 12 months ended December 31, 2023, the latest data available.  
 

 Maximizing Employee Base (3)  PPE(1)  14.21% increase   Strength in Core Earnings  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, 2023 and March 31, 2024  Pre-provision, pre-tax earnings (“PPE”) is a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  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 is a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  Pro Forma  $26.8  $15.1  Strong PPE:  Quarterly PPE of $14.88 million, an increase of 14.21% as compared to Q1 2023  Strong PPE was driven by:  Disciplined loan pricing  Asset sensitive balance sheet  Expense discipline  We achieve maximum productivity by:  Utilizing a branch-lite model  Hiring fewer but better FTEs  Operating an efficient delivery system with a strict adherence to processes  3.56%  Actual  Pro  Forma  2  2 
 

 Loan Portfolio Trends  Loan Portfolio Trends – Selected Categories  Dollars are in millions  CAGR Since 2019: 13.5%  13.6%  24.5%  21.0%  40.9% 
 

 Loan Portfolio Distribution  Dollars are in millions. Data as of March 31, 2024  Loan Portfolio  Selected Categories 
 

 Diverse CRE Portfolio  Dollars are in millions. Data as of March 31, 2024  Diverse commercial real estate lending activity in Texas and Oklahoma with an emphasis in the DFW, Oklahoma City, and Tulsa metros  Minimal office and retail loans with over-weighting in each segment to owner-occupied properties  No office exposure to downtown metropolitan locations  Office Loan Average Size:  Owner Occupied — $0.68 million  Non-Owner Occupied — $0.92 million  Construction lending activity primarily in Oklahoma City and the Dallas metroplex with an emphasis on entry level homes with established homebuilders  Limited lot and development lending activity  Hospitality niche managed by seasoned professionals with proven track record through various economic cycles  CONSTRUCTION  OWNER OCCUPIED 
 

 Hotel Portfolio by Class  Hotel Portfolio by Location  Hospitality Loan Portfolio Detail  Dollars are in millions, data as March 31, 2024  No historical NCOs in the hospitality segment  Blue collar portfolio that is well-protected by the “cycle-down” effect of a recession   Geographically concentrated in TX (84%) 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  Average loan size of $5.68 million  3.56%  Actual  Hotel Portfolio by Location 
 

 Total Assets  Strategic Growth in Dynamic Markets  Dollars are in millions  2014   2015  2016  2017  2018  2019  2020  2021  2022  2023  Q1 2024  LPO opened in Tulsa, OK, full-service branch opened in Frisco, TX  Oklahoma acquisition  Full-service branch opened in Tulsa, OK   Completed IPO  Full-service branch opened in Irving, TX  LPO opened in  Irving, TX  Kansas acquisition  CAGR Since 2014: 15.2%  
 

 Earnings-driven Capital Shock-absorption  Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1)  Dollars are in thousands  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 $60.2 million extrapolated over two years 
 

 Appendix 
 

 Bank7 Corp. Financials  BSVN adopted the CECL model (ASC326) on 1/1/2023 using the modified retrospective method. The presented allowance for periods prior to 1/1/2023 is under the incurred loss model (pre-ASC326).  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 22 of this presentation 
 

 Bank7 Corp. Performance Ratios  Annualized  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 March 31, 2024, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.11%, 12.11%, and 13.36% 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 22 of this presentation 
 

 Non-GAAP Reconciliations 
 

 Non-GAAP Reconciliations -- Continued 
 

 Available-for-Sale Securities Portfolio  Investment Portfolio  Dollars are in millions.  All 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 $151.9 million as of March 31, 2024  Weighted Average Duration: 2.1 Years  Book Yield: 3.79% 
 

 2019 Pro Forma Net Income Reconciliation  On September 5, 2019, the largest shareholders, 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. 
 

 Legal Information and Distribution  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.