Bank7 reports record Q3 net income of $6.3M, EPS $0.69, up 43.8% YoY

Bank7 Corp.

2021-Q3 EPS reported $1.92

Net income $6.3M vs $4.4M Q3 2020 (+41.1%); EPS $0.69 vs $0.48 (+43.8%).
Pre-tax pre-provision earnings $9.1M, up 23.5% YoY; ROAA 2.36% vs 1.83%.
Total assets $1.1B (+17.8%); deposits $1.0B (+17.9%); tangible book value per share $13.34 (+19.0%).
Bank7 announced acquisition of Cornerstone Bank on Oct 7, expected to close Q4 2021.
All capital ratios well above 'well-capitalized' minimums; insider ownership 70.3%.

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