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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 11, 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 October 11, 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 September 30, 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 October 11, 2024 at 10:00 am CST to discuss its third 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 October 11, 2024
 
Third 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: October 11, 2024
By:
/s/   Kelly J. Harris
   
Kelly J. Harris
   
Executive Vice President and Chief Financial Officer



EX-99.1 2 ef20037102_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1


FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q3 2024 Earnings

Oklahoma City, October 11, 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 September 30, 2024.  “We are pleased to announce another record quarter of net income and EPS.  Our properly matched balance sheet, disciplined approach to cost controls, and excellent credit quality continues to produce outstanding results” said Thomas L. Travis, President and CEO of the Company.”

For the three months ended September 30, 2024 compared to the three months ended September 30, 2023:

 
-
Net income of $11.8 million compared to $7.9 million, an increase of 49.97%
 
-
Earnings per share of $1.24 compared to $0.85, an increase of 45.88%
 
-
Total assets of $1.7 billion compared to $1.8 billion, a decrease of 1.80%
 
-
Total loans of $1.4 billion compared to $1.4 billion, an increase of 3.21%
 
-
PPE of $15.5 million compared to $14.4 million, an increase of 7.86%
 
-
Total interest income of $33.5 million compared to $31.7 million, an increase of 5.57%

Three months ended September 30, 2024 compared to three months ended June 30, 2024

 
-
Net income of $11.8 million compared to $11.5 million, an increase of 2.20%
 
-
Earnings per share of $1.24 compared to $1.23, an increase of 0.81%
 
-
Total assets of $1.7 billion compared to $1.7 billion, an increase of 3.42%
 
-
Total loans of $1.4 billion compared to $1.4 billion, an increase of 6.32%
 
-
PPE of $15.5 million compared to $15.3 million, an increase of 1.61%
 
-
Total interest income of $33.5 million compared to $32.4 million, an increase of 3.24%

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, 2024, the Bank’s Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 11.64%, 12.93%, and 14.12%, respectively.  On September 30, 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 11.64%, 12.92%, and 14.11%, 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
 
   
September 30,
2024
   
June 30,
2024
   
September 30,
2023
 
Calculation of Pre-Provision Pre-Tax Earnings ("PPE")
 
(Dollars in thousands)
 
Net Income
 
$
11,777
   
$
11,524
   
$
7,853
 
Income Tax Expense
   
3,719
     
3,731
     
2,351
 
Pre-tax net income
   
15,496
     
15,255
     
10,204
 
Add back: Provision for credit losses
   
-
     
-
     
4,159
 
Add back: (Gain)Loss on sales/calls of AFS debt securities
   
4
     
-
     
7
 
Pre-provision pre-tax earnings
   
15,500
     
15,255
     
14,370
 


Assets
 
September 30,
2024
(unaudited)
   
December 31,
2023
 
             
Cash and due from banks
 
$
186,720
   
$
181,042
 
Interest-bearing time deposits in other banks
   
8,715
     
17,679
 
Available-for-sale debt securities
   
65,160
     
169,487
 
Loans, net of allowance for credit losses of $17,873 and $19,691 at September 30, 2024 and December 31, 2023, respectively
   
1,419,671
     
1,341,148
 
Loans held for sale, at fair value
   
-
     
718
 
Premises and equipment, net
   
17,126
     
14,942
 
Nonmarketable equity securities
   
1,278
     
1,283
 
Core deposit intangibles
   
907
     
1,031
 
Goodwill
   
8,458
     
8,458
 
Interest receivable and other assets
   
32,407
     
35,878
 
                 
Total assets
 
$
1,740,442
   
$
1,771,666
 
                 
Liabilities and Shareholders’ Equity
               
                 
Deposits
               
Noninterest-bearing
 
$
322,480
   
$
482,349
 
Interest-bearing
   
1,201,736
     
1,109,042
 
                 
Total deposits
   
1,524,216
     
1,591,391
 
                 
Income taxes payable
   
427
     
302
 
Interest payable and other liabilities
   
11,637
     
9,647
 
                 
Total liabilities
   
1,536,280
     
1,601,340
 
                 
Shareholders’ equity
               

               
Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,341,267 and 9,197,696 at September 30, 2024 and December 31, 2023, respectively
   
93
     
92
 
Additional paid-in capital
   
100,760
     
97,417
 
Retained earnings
   
107,426
     
78,962
 
Accumulated other comprehensive loss
   
(4,117
)
   
(6,145
)
                 
Total shareholders’ equity
   
204,162
     
170,326
 
                 
Total liabilities and shareholders’ equity
 
$
1,740,442
   
$
1,771,666
 


   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2024
(unaudited)
   
2023
   
2024
(unaudited)
   
2023
 
Interest Income
                       
Loans, including fees
 
$
30,791
   
$
28,880
   
$
89,834
   
$
81,117
 
Interest-bearing time deposits in other banks
   
177
     
159
     
675
     
270
 
Debt securities, taxable
   
303
     
699
     
2,266
     
2,106
 
Debt securities, tax-exempt
   
69
     
81
     
214
     
253
 
Other interest and dividend income
   
2,148
     
1,903
     
6,221
     
5,398
 
                                 
Total interest income
   
33,488
     
31,722
     
99,210
     
89,144
 
                                 
Interest Expense
                               
Deposits
   
12,271
     
10,976
     
34,752
     
27,894
 
                                 
Total interest expense
   
12,271
     
10,976
     
34,752
     
27,894
 
                                 
Net Interest Income
   
21,217
     
20,746
     
64,458
     
61,250
 
                                 
Provision for Credit Losses
   
-
     
4,159
     
-
     
5,645
 
                                 
Net Interest Income After Provision for Credit Losses
   
21,217
     
16,587
     
64,458
     
55,605
 
                                 
Noninterest Income
                               
Mortgage lending income
   
103
     
6
     
233
     
172
 
Loss on sales, prepayments, and calls of available-for-sale debt securities
   
(4
)
   
(7
)
   
(4
)
   
(15
)
Service charges on deposit accounts
   
233
     
213
     
742
     
647
 
Other
   
3,345
     
795
     
7,881
     
1,668
 
                                 
Total noninterest income
   
3,677
     
1,007
     
8,852
     
2,472
 
                                 
Noninterest Expense
                               
Salaries and employee benefits
   
5,333
     
4,910
     
15,740
     
14,299
 
Furniture and equipment
   
258
     
254
     
813
     
755
 
Occupancy
   
711
     
662
     
1,985
     
1,980
 
Data and item processing
   
498
     
424
     
1,437
     
1,280
 
Accounting, marketing and legal fees
   
218
     
14
     
582
     
491
 
Regulatory assessments
   
261
     
279
     
984
     
1,013
 
Advertsing and public relations
   
129
     
74
     
358
     
273
 
Travel, lodging and entertainment
   
87
     
85
     
270
     
255
 
Other
   
1,903
     
688
     
5,507
     
2,068
 
                                 
Total noninterest expense
   
9,398
     
7,390
     
27,676
     
22,414
 
                                 
Income Before Taxes
   
15,496
     
10,204
     
45,634
     
35,663
 
Income tax expense
   
3,719
     
2,351
     
11,045
     
8,457
 
Net Income
 
$
11,777
   
$
7,853
   
$
34,589
   
$
27,206
 
                                 
Earnings per common share - basic
 
$
1.26
   
$
0.86
   
$
3.73
   
$
2.97
 
Earnings per common share - diluted
   
1.24
     
0.85
     
3.68
     
2.94
 
Weighted average common shares outstanding - basic
   
9,323,622
     
9,158,027
     
9,264,616
     
9,152,788
 
Weighted average common shares outstanding - diluted
   
9,498,318
     
9,273,595
     
9,402,214
     
9,262,003
 
                                 
Other comprehensive income (loss)
                               
Unrealized gains (losses) on securities, net of tax expense of $515 and tax benefit of $485 for the three months ended September 30, 2024 and 2023, respectively; net of tax expense of $638 and $70 for the nine months ended September 30, 2024 and 2023, respectively
 
$
1,628
   
$
(372
)
 
$
2,025
   
$
214
 
Reclassification adjustment for realized losses included in net income net of tax of $1 and $2 for the three months ended September 30, 2024 and 2023, respectively; $1 and $4 for the nine months ended September 30, 2024 and 2023, respectively
   
3
     
5
     
3
     
11
 
Other comprehensive income (loss)
 
$
1,631
   
$
(367
)
 
$
2,028
   
$
225
 
Comprehensive Income
 
$
13,408
   
$
7,486
   
$
36,617
   
$
27,431
 


   
Net Interest Margin
 
   
For the Nine Months Ended September 30,
 
   
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
 
$
180,426
   
$
6,896
     
5.09
%
 
$
162,432
   
$
5,668
     
4.67
%
Debt securities, taxable-equivalent
   
103,507
     
2,266
     
2.92
     
152,702
     
2,106
     
1.84
 
Debt securities, tax exempt
   
17,468
     
214
     
1.63
     
19,828
     
253
     
1.71
 
Loans held for sale
   
281
     
-
     
-
     
115
     
-
     
-
 
Total loans(1)
   
1,381,200
     
89,834
     
8.66
     
1,299,754
     
81,117
     
8.34
 
Total interest-earning assets
   
1,682,882
     
99,210
     
7.85
     
1,634,831
     
89,144
     
7.29
 
Noninterest-earning assets
   
39,499
                     
22,560
                 
Total assets
 
$
1,722,381
                   
$
1,657,391
                 
                                                 
Funding sources:
                                               
Interest-bearing liabilities:
                                               
Deposits:
                                               
Transaction accounts
 
$
872,635
     
25,726
     
3.93
%
 
$
812,962
     
20,346
     
3.35
%
Time deposits
   
255,348
     
9,026
     
4.71
     
257,418
     
7,548
     
3.92
 
Total interest-bearing deposits
   
1,127,983
     
34,752
     
4.10
     
1,070,380
     
27,894
     
3.48
 
Total interest-bearing liabilities
   
1,127,983
     
34,752
     
4.10
     
1,070,380
     
27,894
     
3.48
 
                                                 
Noninterest-bearing liabilities:
                                               
Noninterest-bearing deposits
   
395,822
                     
420,356
                 
Other noninterest-bearing liabilities
   
12,219
                     
10,496
                 
Total noninterest-bearing liabilities
   
408,041
                     
430,852
                 
Shareholders' equity
   
186,357
                     
156,159
                 
Total liabilities and shareholders' equity
 
$
1,722,381
                   
$
1,657,391
                 
                                                 
Net interest income
         
$
64,458
                   
$
61,250
         
Net interest spread
                   
3.75
%
                   
3.81
%
Net interest margin
                   
5.10
%
                   
5.01
%

(1)
Nonaccrual loans are included in total loans


   
Net Interest Margin
 
   
For the Three Months Ended September 30,
 
   
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
 
$
191,583
   
$
2,325
     
4.81
%
 
$
176,589
   
$
2,062
     
4.63
%
Debt securities, taxable-equivalent
   
51,172
     
303
     
2.35
     
151,174
     
699
     
1.83
 
Debt securities, tax exempt
   
16,889
     
69
     
1.62
     
19,430
     
81
     
1.65
 
Loans held for sale
   
250
     
-
     
-
     
232
     
-
     
-
 
Total loans(1)
   
1,418,512
     
30,791
     
8.61
     
1,344,038
     
28,880
     
8.52
 
Total interest-earning assets
   
1,678,406
     
33,488
     
7.92
     
1,691,463
     
31,722
     
7.44
 
Noninterest-earning assets
   
40,002
                     
23,407
                 
Total assets
 
$
1,718,408
                   
$
1,714,870
                 
                                                 
Funding sources:
                                               
Interest-bearing liabilities:
                                               
Deposits:
                                               
Transaction accounts
 
$
922,117
     
9,237
     
3.97
%
 
$
823,331
     
7,733
     
3.73
%
Time deposits
   
253,640
     
3,034
     
4.75
     
292,235
     
3,243
     
4.40
 
Total interest-bearing deposits
   
1,175,757
     
12,271
     
4.14
     
1,115,566
     
10,976
     
3.90
 
Total interest-bearing liabilities
 
$
1,175,757
     
12,271
     
4.14
   
$
1,115,566
     
10,976
     
3.90
 
                                                 
Noninterest-bearing liabilities:
                                               
Noninterest-bearing deposits
 
$
332,487
                   
$
422,691
                 
Other noninterest-bearing liabilities
   
12,221
                     
11,649
                 
Total noninterest-bearing liabilities
   
344,708
                     
434,340
                 
Shareholders' equity
   
197,943
                     
164,964
                 
Total liabilities and shareholders' equity
 
$
1,718,408
                   
$
1,714,870
                 
                                                 
Net interest income
         
$
21,217
                   
$
20,746
         
Net interest spread
                   
3.78
%
                   
3.54
%
Net interest margin
                   
5.02
%
                   
4.87
%

(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 third quarter results, which will be broadcast live over the Internet, on Friday, October 11, 2024 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/A87GMojkvZD. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/A87GMojkvZD 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 ef20037102_ex99-2.htm EXHIBIT 99.2
Exhibit 99.2

 Q3 2024   Earnings Release  BSVN  October 11, 2024 
 

 BSVN – Corporate Overview  Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States  Consistently produce top quartile(3) earnings and ROATCE  Proven ability to maintain a healthy net interest margin through challenging interest rate cycles  Abundant liquidity and a properly matched balance sheet  Disciplined credit culture that adheres to a robust risk management framework  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 56% insider ownership   Dollars in thousands, all data as of September 30, 2024, unless indicated otherwise  Pre-provision, pre-tax earnings (“PPE”) is a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  Diluted earnings per share, as presented  See slide 4 for the corresponding comparison between BSVN and peer group   Bank7 Branch  Dallas / Fort Worth  Tulsa  Oklahoma City 
 

 Q3 Overview  Asset Quality & CRE  Dollars in thousands, all data as of September 30, 2024, unless indicated otherwise  Gross revenue of $2.93 million and gross expense of $1.16 million; pre-tax net income of $1.77 million and net income of $1.35 million.  Net interest income excluding loan fees is a non-GAAP financial measure. See appendix for reconciliation to the most comparable GAAP measure  See slide 10 for adjusted uninsured deposit calculation  $1.02 billion of gross loans reprice daily, with $33.09 million of those loans that are at their floor  Q3 EPS of $1.24, a 0.81% increase from Q2 2024; excluding net income from oil and gas(1), core banking EPS was $1.12  Low efficiency ratio of 37.87%  Net interest margin, excluding loan fee income(2), decreased 2bps to 4.65% as compared to Q2 2024  Disciplined balance sheet management continues to produce a steady net interest margin which drives earnings  EPS results were achieved through core earnings with no shares repurchased  Record EPS & Reliable Net Interest Margin  CET1 Capital: 12.92%  Tier 1 Leverage: 11.64%  TCE/TA: 11.25%  Exceptional earnings and low dividend payout ratio builds capital rapidly  Capital ratios far exceed “well capitalized” regulatory guidelines  Debt free Balance Sheet, and no HTM securities   Prudent Capital Management  Uninsured deposits represent 22.61% of total deposits, and adjusted uninsured deposits represent 16.12% of total deposits(3)  The sum of cash plus unpledged securities and undrawn lines-of-credit equals $711.54 million, which significantly exceeds adjusted uninsured deposits of $245.75 million(3), a 2.90x coverage  $1.20 billion or 83.19% of loans reprice in 1 year or less, with $1.02 billion(4) or 70.92% repricing daily  AOCI is only $4.12 million; the average investment portfolio duration is ~3.3 years  Consistent Balance Sheet Management & Liquidity  NPLs to Total Loans of 0.54%  Diverse CRE portfolio primarily located in the DFW and Oklahoma City Metros  Office Loan Average Size, excluding construction is $0.79 million:  Owner Occupied — $0.65 million  Non-Owner Occupied — $1.10 million 
 

 Maximizing Our Employee Base (3)  PPE(1)  1.61% increase   Strength in Core Earnings  10.44% increase   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 and nine months ended September 30, 2023 and September 30, 2024, and for the three months ended June 30, 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 $15.50 million, an increase of 1.61% as compared to quarterly Q2 2024  YTD PPE of $45.64 million, an increase of 10.44% as compared to YTD Q3 2023  PPE was driven by:  Disciplined loan pricing  Asset sensitive balance sheet  Expense controls  We achieve maximum productivity by:  Hiring fewer but better FTEs  Operating an efficient delivery system with a strict adherence to process  3.56%  Actual  Pro  Forma  2  2 
 

 Consistently Outperforming our Peer Group  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.  As of Q2 2024, the latest data available.  
 

 Return on Average Tangible Common Equity (1)  5 year average: 20.5%  Efficiency Ratio (1)  5 year average: 37.3%   Return on Average Assets (1)  5 year average: 2.1%   Consistent 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 September 30, 2024 and June 30, 2024  Pro Forma ROAA, ROATCE and efficiency ratio are non-GAAP financial measures, see Appendix for reconciliation to the most comparable GAAP measures for these metrics  20.90%  Pro   Forma  2.51%  1.03%  Pro  Forma  Industry-leading performance ratios remain top-tier and within our historical ranges  Pro   Forma  8.60%  38.83% 
 

 Diluted Earnings Per Share  0.81% Increase   Pro Forma  $0.81  Tangible Book Value Per Share  CAGR since 2018: 17.0%   Record EPS:  $1.24 for Q3, a 0.81% increase from Q2 2024; excluding net income from oil and gas, we achieved a core banking EPS of $1.12  $3.68 for Q3 YTD, an 25.24% increase from YTD Q3 2023  No share repurchases since 2020  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  TBV per share of $20.85, an increase of $3.37 or 19.25% as compared to YE 2023  Consistently strong earnings increased TBV despite three factors:  $0.85 per share paid for an all-cash acquisition in Q4 2021  $0.44 per share AOCI unrealized loss from investments  $3.33 per share paid in cash dividends, since IPO  1 
 

 CAGR since 2018: 15.6%   BSVN Compared to All Major Exchange Traded Banks  Source: S&P Global Market Intelligence and FactSet; Market data as of 9/30/2024  Total shareholder return includes the reinvestment of dividends  Public banks include all major exchange-traded banks nationwide (317 banks)  Total Shareholder Return Since BSVN’s IPO (9/2018)  BSVN’s TBVPS Since FYE 2018  (1)  $100 invested in BSVN since IPO would be worth $231.99 now  $100 invested in an index of all public banks since BSVN’s IPO would be worth $113.51 now  BSVN: 132.0%  Median: 13.5%  118.5% Outperformance  Public Banks Median CAGR: 5.6%(1) 
 

 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 June 30, 2024 and September 30,2024  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 remains within our historical range due to disciplined loan pricing, a healthy amount of non-interest bearing deposits, and our asset sensitive balance sheet  The 50 basis point (bps) rate cut during the quarter had a neutral impact on net interest margin; loan yields concluded the quarter at 7.86%, marking a 32 bps reduction from immediately before the rate cut. This represents a 64% beta relative to the full rate cut. Concurrently, the cost of funds (COF) for deposits finished the quarter at 3.00%, also down 32 bps from pre-cut levels, reflecting a 64% beta.  Q3 average loan yields increased 10 bps to 8.18% and cost of funds increased 22 bps to 3.23% and was due to a continued shift to interest-bearing deposits   There are currently $33.09 million of loan floaters at their floor; this increases to $124.87 million at their floor with another 100 bps in rate cuts; and increases to $459.77 million with 200 bps in rate cuts 
 

 We Achieve a Steady Spread thru Various Rate Cycles 
 

 Asset Sensitivity Repricing and Liquidity  Dollars in thousands, all data as of September 30,2024, unless indicated otherwise  $1.02 billion of gross loans reprice daily, with $33.09 million of those loans that are at their floor  Asset Sensitivity Repricing Schedule  (1)  70.92% of all earning assets reprice within one year or less and combined with a properly matched balance sheet, are key drivers of our consistent net interest margin  Uninsured deposits total $344.61 million or 22.61% of total deposits; however, after deductions for insider owned, and also collateralized deposits, adjusted uninsured deposits are $245.75 million, which is 16.12% of total deposits  Cash, securities, and undrawn lines of credit totaled $711.54 million, providing a 2.90x coverage of adjusted uninsured deposits  Uninsured Deposits | Cash/Liquidity  Liquidity 
 

 Deposit Composition  Deposit Composition  CAGR since 2019: 13.0%  Dollars in millions  Decrease in non-interest bearing deposits, as compared to 2023, relates to a $100.00 million deposit that was directed to BSVN by a bankruptcy court which has now been dispersed  1 
 

 Loan Portfolio Trends  Loan Portfolio Trends – Selected Categories  Dollars are in millions  CAGR Since 2019: 13.2%  12.0%  26.1%  20.4%  41.6% 
 

 Loan Portfolio Distribution  Dollars are in millions. Data as of September 30, 2024  Loan Portfolio  Selected Categories 
 

 Diverse CRE Portfolio with Very Low Historical Losses  Dollars are in millions. Data as of September 30, 2024  Diverse commercial real estate lending activity in Texas and Oklahoma with an emphasis in the DFW, Oklahoma City, and Tulsa metros  Minimal office loans  No office exposure to downtown metropolitan locations  Office Loan Average Size, excluding construction is $0.79 million:  Owner Occupied — $0.65 million  Non-Owner Occupied — $1.10 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 – A Source of Strength  Dollars are in millions. Data as of September 30, 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 (82%) 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 $5.71 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  Q3 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: 14.2%  
 

 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 $62.7 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 25 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 September 30, 2024, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 11.64%, 12.92%, and 14.11% 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 25 of this presentation 
 

 Non-GAAP Reconciliations 
 

 Non-GAAP Reconciliations -- Continued 
 

 Oil & Gas – Cash Flow Recap 
 

 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 $65.2 million as of September 30, 2024  Weighted Average Duration: 3.3 Years  Book Yield: 2.04% 
 

 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.