Bank7 Corp. Reports Q2 2025 Financial Results with Revenue of $31.8 Million

Bank7 Corp. reported its financial results for the second quarter of 2025, revealing a total revenue of $31.8 million, a slight decrease from $32.4 million in the same period last year. The company's net income for the quarter was $11.1 million, down from $11.5 million in the prior year, resulting in diluted earnings per share of $1.16 compared to $1.23. For the first half of 2025, net income totaled $21.4 million, a decline from $22.8 million in the first half of 2024. The decrease in profitability was attributed to a reduction in interest income and an increase in noninterest expenses.

Total assets increased by 5.6% to $1.84 billion as of June 30, 2025, compared to $1.74 billion at the end of 2024. The growth in assets was primarily driven by a 10.7% increase in total loans, which reached $1.50 billion, up from $1.40 billion a year earlier. Total deposits also rose by 7.6% to $1.59 billion, reflecting the company's efforts to enhance its deposit base through various products and services. The allowance for credit losses stood at $18.2 million, representing 1.22% of total loans, a slight decrease from 1.28% at the end of 2024.

In terms of operational developments, Bank7 Corp. has been focusing on expanding its geographic footprint and enhancing its service offerings. The company operates twelve locations across Oklahoma, Texas, and Kansas, and aims to grow organically by selectively opening additional branches and pursuing strategic acquisitions. The bank's efficiency ratio for the second quarter was 39.95%, compared to 37.72% in the same quarter of the previous year, indicating a slight increase in operational costs relative to income.

The company also reported a significant increase in mortgage lending income, which rose to $520,000 in the second quarter, compared to $78,000 in the same period last year. However, other noninterest income components, particularly from oil and gas operations, saw a decline, contributing to an overall decrease in noninterest income for the quarter. The total noninterest income for the second quarter was $2.7 million, down from $3.2 million in the prior year.

Looking ahead, Bank7 Corp. remains optimistic about its growth prospects, despite the challenges posed by fluctuating interest rates and economic conditions. The company plans to continue focusing on its core banking operations while exploring opportunities for expansion and diversification. Management believes that maintaining a strong capital position and effective risk management practices will be crucial in navigating the evolving financial landscape.