secwatch.observer — SEC 8-K summary
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Issuer:     Bank7 Corp. (BSVN)
CIK:        0001746129
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001140361-24-004137
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank7 Q4 net income plunges 87% to $1.1M on $15.5M provision for one large credit
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- Q4 EPS $0.12 (diluted) vs $0.91 YoY; full-year EPS $3.05 vs $3.22.
- Q4 provision for credit losses surged to $15.5M from $1.6M; CEO cites one large credit.
- Full-year pre-provision earnings (PPE) rose 33% to a record $58.4M; net interest margin 4.97%.
- Total deposits grew 11% YoY to $1.59B; adjusted uninsured deposits covered 1.75x by liquidity.
- Bank remains well-capitalized: Tier 1 leverage 9.54%, CET1 11.49%, debt-free balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746129/000114036124004137/0001140361-24-004137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746129/000114036124004137/ef20019967_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-004137

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