Bank7 Corp. reported its financial results for the first quarter of 2025, revealing a net income of $10.3 million, a decrease of 8.5% from $11.3 million in the same period last year. The company's earnings per share were $1.10, down from $1.22 in the prior year. Total interest income for the quarter was $30.4 million, compared to $33.3 million in the first quarter of 2024, reflecting a decline in loan yields. The net interest margin also decreased to 4.98% from 5.14% year-over-year, primarily due to lower yields on interest-earning assets.
In terms of operational metrics, Bank7's total loans increased by 3.6% to $1.43 billion as of March 31, 2025, up from $1.40 billion at the end of 2024. However, total deposits fell by 1.8% to $1.55 billion, down from $1.58 billion a year earlier. The bank's efficiency ratio worsened slightly to 39.45% from 38.29%, indicating a marginal increase in operational costs relative to income. The allowance for credit losses rose to $18.2 million, representing 1.28% of total loans, consistent with the previous quarter.
Strategically, Bank7 Corp. has been focused on expanding its footprint, operating twelve locations across Oklahoma, Texas, and Kansas. The company aims to grow organically by opening additional branches and pursuing strategic acquisitions. In October 2023, Bank7 completed an acquisition of oil and natural gas properties for $15.1 million, which is expected to enhance its revenue streams from noninterest income.
The bank's capital position remains strong, with total shareholders' equity increasing to $221.7 million as of March 31, 2025, compared to $213.2 million at the end of 2024. The bank is categorized as "well-capitalized" under regulatory standards, with capital ratios exceeding the minimum requirements. Looking ahead, Bank7 Corp. anticipates continued growth in its loan portfolio and is committed to managing its interest rate risk effectively, although it acknowledges potential challenges from market conditions and economic fluctuations.
About Bank7 Corp.
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