Bank7 Corp Q3 net income $7.9M (-2.3% YoY); credit provision rises on non-accrual loan

Bank7 Corp.

2023-Q3 EPS reported $2.94

EPS $0.85 diluted vs $0.87 YoY; adjusted EPS $0.91 excluding $1M interest loss and $3M specific reserve from one credit.
Net interest income $20.7M, up 8.9% YoY; NIM 4.87% vs 5.04% prior year.
Record PPE $14.4M (+12.6% YoY); efficiency ratio 33.6% (record low).
Total loans $1.4B (+12.9% YoY); total deposits $1.59B (+11.5%).
Company expects additional ACL charge or write-down in Q4 related to the non-accrual relationship.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bank7 Corp. reported quarter ended September 30, 2023 results: net income $7.9 million, EPS $0.85.

Period: quarter ended September 30, 2023
Net income: $7.9 million
EPS: $0.85
Result: reported results

Exact text from the filing

For the three months ended September 30, 2023 compared to the three months ended September 30, 2022: - Net Income of $7.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bank7 Corp. reported nine months ended September 30, 2023 results: net income $27.2 million, EPS $2.94.

Period: nine months ended September 30, 2023
Net income: $27.2 million
EPS: $2.94
Result: reported results

Exact text from the filing

Nine months ended September 30, 2023 compared to nine months ended September 30, 2022 - Net Income of $27.2 million

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Source: SEC EDGAR

accession 0001140361-23-049593

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