Quarterly ResultMay 11, 2026, 04:42 PM
Bank7 Corp. Q1 Net Income Rises 16% to $12.01M; EPS $1.26
AI Summary
Bank7 Corp. reported a strong first quarter for 2026, with net income increasing by 16.16% to $12.01 million and diluted earnings per share rising to $1.25. Net interest income also saw a significant increase of 16.10% year-over-year, and the company maintained a zero provision for credit losses. Subsequent to the quarter, Bank7 Corp. completed the sale of its oil and gas assets for $5.2 million, resulting in a pre-tax loss of $2.1 million.
Key Highlights
- Net income for Q1 2026 increased 16.16% to $12.01 million from $10.34 million in Q1 2025.
- Diluted earnings per share rose 15.74% to $1.25 in Q1 2026, up from $1.08 in Q1 2025.
- Net interest income grew 16.10% to $24.19 million in Q1 2026, compared to $20.84 million in Q1 2025.
- Cash dividends declared increased to $0.27 per share for Q1 2026, up from $0.24 per share in Q1 2025.
- Total assets decreased slightly to $1.95 billion at March 31, 2026, from $1.96 billion at December 31, 2025.
- Total deposits were $1.67 billion at March 31, 2026, a decrease from $1.70 billion at December 31, 2025.
- Company sold oil and gas assets for $5.2 million in April 2026, incurring a $2.1 million pre-tax loss.
- Provision for credit losses remained at $0 for both Q1 2026 and Q1 2025.