Annual Income Statements for Bank7
This table shows Bank7's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Bank7
This table shows Bank7's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Consolidated Net Income / (Loss) |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Net Income / (Loss) Continuing Operations |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Total Pre-Tax Income |
|
10 |
11 |
13 |
13 |
10 |
1.56 |
15 |
15 |
15 |
15 |
Total Revenue |
|
20 |
21 |
21 |
21 |
22 |
28 |
24 |
24 |
25 |
24 |
Net Interest Income / (Expense) |
|
19 |
20 |
20 |
20 |
21 |
21 |
22 |
21 |
21 |
22 |
Total Interest Income |
|
22 |
25 |
27 |
30 |
32 |
32 |
33 |
32 |
33 |
32 |
Loans and Leases Interest Income |
|
20 |
24 |
25 |
27 |
29 |
29 |
30 |
29 |
31 |
30 |
Investment Securities Interest Income |
|
0.78 |
0.78 |
0.79 |
0.79 |
0.78 |
0.76 |
1.09 |
1.02 |
0.37 |
0.33 |
Deposits and Money Market Investments Interest Income |
|
0.01 |
0.01 |
0.05 |
0.06 |
0.16 |
0.25 |
0.25 |
0.25 |
0.18 |
0.11 |
Other Interest Income |
|
0.44 |
0.87 |
1.19 |
2.31 |
1.90 |
2.66 |
1.83 |
2.24 |
2.15 |
2.31 |
Total Interest Expense |
|
2.65 |
5.08 |
7.37 |
9.54 |
11 |
11 |
11 |
11 |
12 |
11 |
Deposits Interest Expense |
|
2.65 |
5.08 |
7.37 |
9.54 |
11 |
11 |
11 |
11 |
12 |
11 |
Total Non-Interest Income |
|
0.84 |
0.73 |
0.67 |
0.79 |
1.01 |
6.77 |
2.01 |
3.17 |
3.68 |
2.40 |
Service Charges on Deposit Accounts |
|
0.21 |
0.22 |
0.24 |
0.20 |
0.21 |
0.22 |
0.25 |
0.26 |
0.23 |
0.23 |
Other Service Charges |
|
0.51 |
0.42 |
0.38 |
0.49 |
0.80 |
6.39 |
1.71 |
2.83 |
3.35 |
2.04 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.01 |
- |
-0.00 |
-0.01 |
-0.01 |
-0.00 |
0.00 |
0.00 |
-0.00 |
-0.00 |
Other Non-Interest Income |
|
0.13 |
0.09 |
0.05 |
0.11 |
0.01 |
0.16 |
0.05 |
0.08 |
0.10 |
0.14 |
Total Non-Interest Expense |
|
7.13 |
8.13 |
7.65 |
7.38 |
7.39 |
11 |
9.14 |
9.14 |
9.40 |
9.42 |
Salaries and Employee Benefits |
|
4.00 |
4.89 |
4.68 |
4.71 |
4.91 |
3.09 |
5.29 |
5.12 |
5.33 |
5.04 |
Net Occupancy & Equipment Expense |
|
1.53 |
1.53 |
1.35 |
1.32 |
1.34 |
1.40 |
1.35 |
1.42 |
1.47 |
1.37 |
Marketing Expense |
|
0.52 |
0.51 |
0.51 |
0.34 |
0.17 |
0.32 |
0.30 |
0.48 |
0.43 |
0.61 |
Other Operating Expenses |
|
1.09 |
1.19 |
1.11 |
1.01 |
0.97 |
6.19 |
2.20 |
2.13 |
2.16 |
2.40 |
Income Tax Expense |
|
2.36 |
2.97 |
2.95 |
3.16 |
2.35 |
0.49 |
3.60 |
3.73 |
3.72 |
3.61 |
Basic Earnings per Share |
|
$0.88 |
$0.93 |
$1.05 |
$1.06 |
$0.86 |
$0.12 |
$1.22 |
$1.25 |
$1.26 |
$1.19 |
Weighted Average Basic Shares Outstanding |
|
9.10M |
9.10M |
9.15M |
9.15M |
9.16M |
9.16M |
9.22M |
9.25M |
9.32M |
9.29M |
Diluted Earnings per Share |
|
$0.87 |
$0.92 |
$1.04 |
$1.05 |
$0.85 |
$0.11 |
$1.21 |
$1.23 |
$1.24 |
$1.16 |
Weighted Average Diluted Shares Outstanding |
|
9.21M |
9.20M |
9.26M |
9.25M |
9.27M |
9.26M |
9.32M |
9.37M |
9.50M |
9.45M |
Weighted Average Basic & Diluted Shares Outstanding |
|
9.12M |
9.15M |
9.15M |
9.16M |
9.19M |
9.24M |
9.25M |
9.34M |
9.34M |
9.45M |
Annual Cash Flow Statements for Bank7
This table details how cash moves in and out of Bank7's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-96 |
72 |
53 |
Net Cash From Operating Activities |
40 |
49 |
55 |
Net Cash From Continuing Operating Activities |
40 |
49 |
55 |
Net Income / (Loss) Continuing Operations |
30 |
28 |
46 |
Consolidated Net Income / (Loss) |
30 |
28 |
46 |
Provision For Loan Losses |
4.47 |
21 |
0.00 |
Depreciation Expense |
1.41 |
1.30 |
1.06 |
Amortization Expense |
0.81 |
0.38 |
-0.77 |
Non-Cash Adjustments to Reconcile Net Income |
0.53 |
0.13 |
2.93 |
Changes in Operating Assets and Liabilities, net |
2.86 |
-2.10 |
6.13 |
Net Cash From Investing Activities |
-343 |
-131 |
80 |
Net Cash From Continuing Investing Activities |
-343 |
-131 |
80 |
Purchase of Property, Leasehold Improvements and Equipment |
-0.29 |
-2.83 |
-4.20 |
Purchase of Investment Securities |
-380 |
-144 |
-131 |
Sale of Property, Leasehold Improvements and Equipment |
3.37 |
0.08 |
0.22 |
Sale and/or Maturity of Investments |
34 |
16 |
215 |
Other Investing Activities, net |
-0.01 |
-0.07 |
0.00 |
Net Cash From Financing Activities |
207 |
154 |
-82 |
Net Cash From Continuing Financing Activities |
207 |
154 |
-82 |
Net Change in Deposits |
212 |
160 |
-76 |
Issuance of Common Equity |
0.00 |
0.00 |
0.00 |
Repurchase of Common Equity |
-0.45 |
-0.51 |
-0.67 |
Payment of Dividends |
-4.37 |
-6.32 |
-8.06 |
Other Financing Activities, Net |
0.31 |
0.50 |
2.59 |
Cash Interest Paid |
9.10 |
38 |
46 |
Cash Income Taxes Paid |
9.98 |
11 |
15 |
Quarterly Cash Flow Statements for Bank7
This table details how cash moves in and out of Bank7's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
24 |
-38 |
68 |
19 |
-27 |
12 |
12 |
17 |
-23 |
47 |
Net Cash From Operating Activities |
|
5.02 |
9.78 |
14 |
6.56 |
13 |
16 |
20 |
8.15 |
13 |
13 |
Net Cash From Continuing Operating Activities |
|
5.02 |
9.78 |
14 |
6.56 |
13 |
16 |
20 |
8.15 |
13 |
13 |
Net Income / (Loss) Continuing Operations |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Consolidated Net Income / (Loss) |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Depreciation Expense |
|
0.35 |
0.34 |
0.33 |
0.32 |
0.32 |
0.33 |
0.30 |
0.26 |
0.25 |
0.25 |
Amortization Expense |
|
-2.85 |
0.16 |
0.09 |
0.09 |
0.10 |
0.10 |
-0.37 |
-0.56 |
0.07 |
0.10 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.76 |
-0.66 |
0.26 |
0.08 |
-1.48 |
1.27 |
1.20 |
1.15 |
0.22 |
0.36 |
Changes in Operating Assets and Liabilities, net |
|
-3.63 |
-0.08 |
2.81 |
-4.69 |
1.89 |
-2.12 |
8.04 |
-4.23 |
1.04 |
1.28 |
Net Cash From Investing Activities |
|
-71 |
-39 |
-6.17 |
-2.73 |
-122 |
-0.37 |
5.23 |
109 |
-79 |
45 |
Net Cash From Continuing Investing Activities |
|
-71 |
-39 |
-6.17 |
-2.73 |
-122 |
-0.37 |
5.23 |
109 |
-79 |
45 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.05 |
-0.02 |
-0.22 |
-2.01 |
-0.38 |
-0.23 |
-0.67 |
-1.61 |
-0.61 |
-1.31 |
Purchase of Investment Securities |
|
-81 |
-41 |
-9.85 |
-4.48 |
-125 |
-4.74 |
-99 |
18 |
-88 |
38 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.24 |
- |
- |
- |
0.08 |
- |
- |
- |
0.02 |
0.08 |
Sale and/or Maturity of Investments |
|
9.77 |
2.70 |
3.91 |
3.78 |
3.57 |
4.64 |
105 |
93 |
9.45 |
8.20 |
Other Investing Activities, net |
|
-0.00 |
-0.02 |
-0.01 |
-0.02 |
-0.01 |
-0.03 |
0.01 |
0.00 |
-0.00 |
-0.01 |
Net Cash From Financing Activities |
|
90 |
-9.24 |
61 |
15 |
82 |
-4.24 |
-14 |
-101 |
43 |
-11 |
Net Cash From Continuing Financing Activities |
|
90 |
-9.24 |
61 |
15 |
82 |
-4.24 |
-14 |
-101 |
43 |
-11 |
Net Change in Deposits |
|
91 |
-8.04 |
62 |
17 |
83 |
-2.18 |
-11 |
-99 |
43 |
-8.75 |
Issuance of Common Equity |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
0.00 |
- |
0.00 |
Repurchase of Common Equity |
|
-0.31 |
-0.14 |
-0.14 |
0.00 |
-0.23 |
-0.15 |
-0.42 |
-0.00 |
-0.01 |
-0.24 |
Payment of Dividends |
|
-1.10 |
-1.09 |
-1.46 |
-1.47 |
-1.46 |
-1.93 |
-1.93 |
-1.94 |
-1.94 |
-2.24 |
Other Financing Activities, Net |
|
0.28 |
0.03 |
0.21 |
0.03 |
0.24 |
0.02 |
0.07 |
0.27 |
1.58 |
0.69 |
Cash Interest Paid |
|
2.61 |
4.88 |
7.06 |
9.06 |
11 |
11 |
11 |
11 |
12 |
11 |
Cash Income Taxes Paid |
|
4.94 |
3.14 |
0.02 |
7.03 |
3.56 |
0.19 |
0.10 |
7.43 |
3.34 |
4.19 |
Annual Balance Sheets for Bank7
This table presents Bank7's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
1,584 |
1,772 |
1,740 |
Cash and Due from Banks |
109 |
181 |
234 |
Interest Bearing Deposits at Other Banks |
5.47 |
18 |
6.72 |
Trading Account Securities |
174 |
171 |
61 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
13 |
15 |
18 |
Goodwill |
8.60 |
8.46 |
8.46 |
Intangible Assets |
1.34 |
1.03 |
0.88 |
Other Assets |
1,272 |
1,377 |
1,410 |
Total Liabilities & Shareholders' Equity |
1,584 |
1,772 |
1,740 |
Total Liabilities |
1,440 |
1,601 |
1,527 |
Non-Interest Bearing Deposits |
442 |
482 |
313 |
Interest Bearing Deposits |
990 |
1,109 |
1,202 |
Accrued Interest Payable |
7.62 |
9.65 |
11 |
Other Long-Term Liabilities |
1.05 |
0.30 |
0.08 |
Total Equity & Noncontrolling Interests |
144 |
170 |
213 |
Total Preferred & Common Equity |
144 |
170 |
213 |
Total Common Equity |
144 |
170 |
213 |
Common Stock |
95 |
98 |
102 |
Retained Earnings |
58 |
79 |
116 |
Accumulated Other Comprehensive Income / (Loss) |
-9.30 |
-6.15 |
-4.97 |
Quarterly Balance Sheets for Bank7
This table presents Bank7's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
1,581 |
1,661 |
1,681 |
1,772 |
1,775 |
1,683 |
1,740 |
Cash and Due from Banks |
|
147 |
177 |
196 |
169 |
193 |
210 |
187 |
Interest Bearing Deposits at Other Banks |
|
1.49 |
4.98 |
10 |
17 |
17 |
12 |
8.72 |
Trading Account Securities |
|
176 |
173 |
172 |
170 |
153 |
68 |
66 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
13 |
13 |
15 |
15 |
15 |
17 |
17 |
Goodwill |
|
8.07 |
8.46 |
8.46 |
8.46 |
8.46 |
8.46 |
8.46 |
Intangible Assets |
|
1.41 |
1.26 |
1.18 |
1.11 |
0.97 |
0.94 |
0.91 |
Other Assets |
|
1,233 |
- |
1,278 |
1,392 |
1,387 |
1,367 |
1,452 |
Total Liabilities & Shareholders' Equity |
|
1,581 |
1,661 |
1,681 |
1,772 |
1,775 |
1,683 |
1,740 |
Total Liabilities |
|
1,445 |
1,492 |
1,520 |
1,604 |
1,595 |
1,492 |
1,536 |
Non-Interest Bearing Deposits |
|
498 |
424 |
398 |
481 |
452 |
350 |
322 |
Interest Bearing Deposits |
|
940 |
1,067 |
1,111 |
1,113 |
1,128 |
1,131 |
1,202 |
Accrued Interest Payable |
|
7.35 |
- |
11 |
11 |
10 |
11 |
12 |
Other Long-Term Liabilities |
|
0.45 |
- |
0.36 |
0.42 |
3.95 |
0.00 |
0.43 |
Total Equity & Noncontrolling Interests |
|
136 |
154 |
162 |
168 |
180 |
191 |
204 |
Total Preferred & Common Equity |
|
136 |
154 |
162 |
168 |
180 |
191 |
204 |
Total Common Equity |
|
136 |
154 |
162 |
168 |
180 |
191 |
204 |
Common Stock |
|
95 |
96 |
97 |
97 |
98 |
99 |
101 |
Retained Earnings |
|
51 |
66 |
74 |
80 |
88 |
98 |
107 |
Accumulated Other Comprehensive Income / (Loss) |
|
-10 |
-7.55 |
-8.71 |
-9.08 |
-5.69 |
-5.75 |
-4.12 |
Annual Metrics And Ratios for Bank7
This table displays calculated financial ratios and metrics derived from Bank7's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
30.42% |
26.84% |
6.17% |
EBITDA Growth |
29.71% |
-6.19% |
55.88% |
EBIT Growth |
26.99% |
-5.18% |
62.14% |
NOPAT Growth |
27.98% |
-4.60% |
61.62% |
Net Income Growth |
27.98% |
-4.60% |
61.62% |
EPS Growth |
26.27% |
-5.28% |
58.69% |
Operating Cash Flow Growth |
31.80% |
23.70% |
12.05% |
Free Cash Flow Firm Growth |
816.00% |
-88.99% |
37.19% |
Invested Capital Growth |
8.28% |
18.20% |
25.18% |
Revenue Q/Q Growth |
9.66% |
8.20% |
-3.87% |
EBITDA Q/Q Growth |
10.34% |
-20.23% |
27.48% |
EBIT Q/Q Growth |
10.33% |
-20.84% |
27.88% |
NOPAT Q/Q Growth |
10.04% |
-20.56% |
28.16% |
Net Income Q/Q Growth |
10.04% |
-20.56% |
28.16% |
EPS Q/Q Growth |
9.90% |
-20.98% |
27.70% |
Operating Cash Flow Q/Q Growth |
7.14% |
14.92% |
-5.28% |
Free Cash Flow Firm Q/Q Growth |
37.64% |
-41.57% |
570.85% |
Invested Capital Q/Q Growth |
6.10% |
1.44% |
4.43% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
57.31% |
42.39% |
62.23% |
EBIT Margin |
54.25% |
40.55% |
61.93% |
Profit (Net Income) Margin |
40.96% |
30.80% |
46.89% |
Tax Burden Percent |
75.50% |
75.96% |
75.72% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
24.50% |
24.04% |
24.28% |
Return on Invested Capital (ROIC) |
21.39% |
17.99% |
23.83% |
ROIC Less NNEP Spread (ROIC-NNEP) |
21.39% |
0.00% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
0.45% |
0.00% |
0.00% |
Return on Equity (ROE) |
21.83% |
0.00% |
0.00% |
Cash Return on Invested Capital (CROIC) |
13.43% |
1.30% |
1.47% |
Operating Return on Assets (OROA) |
2.68% |
2.22% |
3.44% |
Return on Assets (ROA) |
2.02% |
1.69% |
2.60% |
Return on Common Equity (ROCE) |
21.83% |
0.00% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
20.57% |
16.60% |
21.43% |
Net Operating Profit after Tax (NOPAT) |
30 |
28 |
46 |
NOPAT Margin |
40.96% |
30.80% |
46.89% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
34.17% |
26.30% |
28.94% |
Operating Expenses to Revenue |
39.58% |
36.41% |
38.07% |
Earnings before Interest and Taxes (EBIT) |
39 |
37 |
60 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
41 |
39 |
61 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.53 |
1.44 |
2.04 |
Price to Tangible Book Value (P/TBV) |
1.64 |
1.52 |
2.14 |
Price to Revenue (P/Rev) |
3.05 |
2.66 |
4.47 |
Price to Earnings (P/E) |
7.44 |
8.65 |
9.54 |
Dividend Yield |
2.15% |
2.78% |
1.93% |
Earnings Yield |
13.44% |
11.56% |
10.48% |
Enterprise Value to Invested Capital (EV/IC) |
0.74 |
0.27 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
1.46 |
0.50 |
2.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
2.55 |
1.18 |
3.22 |
Enterprise Value to EBIT (EV/EBIT) |
2.70 |
1.23 |
3.23 |
Enterprise Value to NOPAT (EV/NOPAT) |
3.57 |
1.62 |
4.27 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
2.67 |
0.93 |
3.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
5.69 |
22.35 |
69.38 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
0.00 |
0.00 |
0.00 |
Financial Leverage |
0.02 |
0.00 |
0.00 |
Leverage Ratio |
10.81 |
10.67 |
9.16 |
Compound Leverage Factor |
10.81 |
10.67 |
9.16 |
Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
100.00% |
100.00% |
100.00% |
Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
19 |
2.05 |
2.81 |
Operating Cash Flow to CapEx |
0.00% |
1,782.47% |
1,383.41% |
Free Cash Flow to Firm to Interest Expense |
2.00 |
0.05 |
0.06 |
Operating Cash Flow to Interest Expense |
4.26 |
1.26 |
1.21 |
Operating Cash Flow Less CapEx to Interest Expense |
4.59 |
1.19 |
1.13 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.05 |
0.05 |
0.06 |
Fixed Asset Turnover |
4.77 |
6.55 |
5.89 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
144 |
170 |
213 |
Invested Capital Turnover |
0.52 |
0.58 |
0.51 |
Increase / (Decrease) in Invested Capital |
11 |
26 |
43 |
Enterprise Value (EV) |
106 |
46 |
195 |
Market Capitalization |
221 |
245 |
436 |
Book Value per Share |
$15.81 |
$18.54 |
$22.82 |
Tangible Book Value per Share |
$14.72 |
$17.51 |
$21.82 |
Total Capital |
144 |
170 |
213 |
Total Debt |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
0.00 |
0.00 |
0.00 |
Net Debt |
-115 |
-199 |
-241 |
Capital Expenditures (CapEx) |
-3.08 |
2.76 |
3.98 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
2.22 |
1.68 |
0.29 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$3.26 |
$3.09 |
$4.92 |
Adjusted Weighted Average Basic Shares Outstanding |
9.10M |
9.16M |
9.29M |
Adjusted Diluted Earnings per Share |
$3.22 |
$3.05 |
$4.84 |
Adjusted Weighted Average Diluted Shares Outstanding |
9.20M |
9.26M |
9.45M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
9.15M |
9.24M |
9.45M |
Normalized Net Operating Profit after Tax (NOPAT) |
30 |
28 |
46 |
Normalized NOPAT Margin |
40.96% |
30.80% |
46.89% |
Pre Tax Income Margin |
54.25% |
40.55% |
61.93% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
4.21 |
0.95 |
1.33 |
NOPAT to Interest Expense |
3.18 |
0.73 |
1.01 |
EBIT Less CapEx to Interest Expense |
4.54 |
0.88 |
1.24 |
NOPAT Less CapEx to Interest Expense |
3.51 |
0.65 |
0.92 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
14.73% |
22.36% |
17.63% |
Augmented Payout Ratio |
16.26% |
24.18% |
19.09% |
Quarterly Metrics And Ratios for Bank7
This table displays calculated financial ratios and metrics derived from Bank7's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
43.51% |
43.27% |
38.94% |
29.15% |
9.39% |
32.93% |
16.15% |
14.58% |
14.44% |
-13.99% |
EBITDA Growth |
|
-7.96% |
48.73% |
48.98% |
2.40% |
34.44% |
-83.20% |
14.12% |
12.28% |
48.94% |
655.95% |
EBIT Growth |
|
24.94% |
47.79% |
53.34% |
38.69% |
-1.92% |
-86.26% |
18.55% |
18.22% |
51.86% |
842.99% |
NOPAT Growth |
|
28.37% |
47.54% |
55.35% |
38.75% |
-2.34% |
-87.26% |
17.50% |
18.24% |
49.97% |
939.20% |
Net Income Growth |
|
28.37% |
47.54% |
55.35% |
38.75% |
-2.34% |
-87.26% |
17.50% |
18.24% |
49.97% |
939.20% |
EPS Growth |
|
26.09% |
46.03% |
55.22% |
38.16% |
-2.30% |
-88.04% |
16.35% |
17.14% |
45.88% |
954.55% |
Operating Cash Flow Growth |
|
-11.87% |
37.11% |
11.62% |
-48.59% |
155.80% |
65.23% |
50.64% |
24.21% |
4.10% |
-18.98% |
Free Cash Flow Firm Growth |
|
50.81% |
86.88% |
-186.24% |
-175.17% |
-351.39% |
-855.45% |
99.63% |
14.77% |
-1.00% |
-26.32% |
Invested Capital Growth |
|
10.96% |
8.28% |
31.35% |
23.03% |
23.63% |
18.20% |
6.75% |
17.94% |
21.59% |
25.18% |
Revenue Q/Q Growth |
|
20.62% |
6.17% |
-2.06% |
2.97% |
2.17% |
29.02% |
-14.42% |
1.58% |
2.04% |
-3.03% |
EBITDA Q/Q Growth |
|
-39.26% |
50.11% |
9.38% |
2.68% |
-20.25% |
-81.24% |
642.80% |
1.02% |
5.78% |
-4.77% |
EBIT Q/Q Growth |
|
11.82% |
9.21% |
10.49% |
2.79% |
-20.92% |
-84.70% |
853.43% |
2.50% |
1.58% |
-5.01% |
NOPAT Q/Q Growth |
|
14.48% |
4.33% |
14.52% |
1.45% |
-19.42% |
-86.39% |
955.94% |
2.09% |
2.20% |
-5.67% |
Net Income Q/Q Growth |
|
14.48% |
4.33% |
14.52% |
1.45% |
-19.42% |
-86.39% |
955.94% |
2.09% |
2.20% |
-5.67% |
EPS Q/Q Growth |
|
14.47% |
5.75% |
13.04% |
0.96% |
-19.05% |
-87.06% |
1,000.00% |
1.65% |
0.81% |
-6.45% |
Operating Cash Flow Q/Q Growth |
|
-60.66% |
94.88% |
38.80% |
-51.68% |
95.73% |
25.88% |
26.54% |
-60.16% |
64.03% |
-2.02% |
Free Cash Flow Firm Q/Q Growth |
|
28.06% |
50.96% |
-1,066.92% |
33.16% |
-18.01% |
-3.80% |
99.55% |
-15,252.63% |
-39.86% |
-29.82% |
Invested Capital Q/Q Growth |
|
3.29% |
6.10% |
17.27% |
-4.26% |
3.79% |
1.44% |
5.90% |
5.78% |
7.00% |
4.43% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
39.73% |
56.18% |
62.73% |
62.55% |
48.83% |
7.10% |
61.64% |
61.30% |
63.55% |
62.41% |
EBIT Margin |
|
52.32% |
53.82% |
60.71% |
60.60% |
46.91% |
5.56% |
61.97% |
62.53% |
62.25% |
60.98% |
Profit (Net Income) Margin |
|
40.44% |
39.74% |
46.46% |
45.77% |
36.10% |
3.81% |
47.00% |
47.24% |
47.31% |
46.02% |
Tax Burden Percent |
|
77.29% |
73.83% |
76.53% |
75.53% |
76.96% |
68.48% |
75.84% |
75.54% |
76.00% |
75.47% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
22.71% |
26.17% |
23.47% |
24.47% |
23.04% |
31.52% |
24.16% |
24.46% |
24.00% |
24.53% |
Return on Invested Capital (ROIC) |
|
20.67% |
20.75% |
24.40% |
25.90% |
20.17% |
2.22% |
25.59% |
26.32% |
25.78% |
23.38% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
20.75% |
24.40% |
0.00% |
0.00% |
0.00% |
25.59% |
0.00% |
0.00% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.43% |
1.29% |
0.00% |
0.00% |
0.00% |
1.15% |
0.00% |
0.00% |
0.00% |
Return on Equity (ROE) |
|
0.00% |
21.18% |
25.69% |
0.00% |
0.00% |
0.00% |
26.74% |
0.00% |
0.00% |
0.00% |
Cash Return on Invested Capital (CROIC) |
|
10.48% |
13.43% |
-4.89% |
3.75% |
2.31% |
1.30% |
10.62% |
1.54% |
-0.32% |
1.47% |
Operating Return on Assets (OROA) |
|
2.53% |
2.65% |
3.08% |
3.17% |
2.37% |
0.30% |
3.43% |
3.65% |
3.59% |
3.38% |
Return on Assets (ROA) |
|
1.96% |
1.96% |
2.36% |
2.40% |
1.83% |
0.21% |
2.60% |
2.76% |
2.73% |
2.55% |
Return on Common Equity (ROCE) |
|
0.00% |
21.18% |
25.69% |
0.00% |
0.00% |
0.00% |
26.74% |
0.00% |
0.00% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
|
19.83% |
0.00% |
21.47% |
22.12% |
21.20% |
0.00% |
16.61% |
16.63% |
17.47% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
NOPAT Margin |
|
40.44% |
39.74% |
46.46% |
45.77% |
36.10% |
3.81% |
47.00% |
47.24% |
47.31% |
46.02% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
30.37% |
32.83% |
31.63% |
29.91% |
29.53% |
17.14% |
28.87% |
28.75% |
29.06% |
29.10% |
Operating Expenses to Revenue |
|
35.87% |
38.49% |
36.99% |
34.65% |
33.97% |
39.21% |
38.03% |
37.47% |
37.75% |
39.02% |
Earnings before Interest and Taxes (EBIT) |
|
10 |
11 |
13 |
13 |
10 |
1.56 |
15 |
15 |
15 |
15 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
7.90 |
12 |
13 |
13 |
11 |
1.99 |
15 |
15 |
16 |
15 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.41 |
1.53 |
1.40 |
1.34 |
1.19 |
1.44 |
1.43 |
1.52 |
1.71 |
2.04 |
Price to Tangible Book Value (P/TBV) |
|
1.52 |
1.64 |
1.50 |
1.43 |
1.26 |
1.52 |
1.51 |
1.60 |
1.80 |
2.14 |
Price to Revenue (P/Rev) |
|
2.91 |
3.05 |
2.77 |
2.62 |
2.36 |
2.66 |
2.72 |
2.95 |
3.45 |
4.47 |
Price to Earnings (P/E) |
|
7.12 |
7.44 |
6.54 |
6.08 |
5.62 |
8.65 |
8.63 |
9.12 |
9.81 |
9.54 |
Dividend Yield |
|
2.28% |
2.15% |
2.37% |
2.53% |
3.16% |
2.78% |
2.82% |
2.68% |
2.32% |
1.93% |
Earnings Yield |
|
14.04% |
13.44% |
15.29% |
16.45% |
17.78% |
11.56% |
11.58% |
10.96% |
10.19% |
10.48% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.32 |
0.74 |
0.20 |
0.07 |
0.08 |
0.27 |
0.27 |
0.35 |
0.76 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
0.65 |
1.46 |
0.43 |
0.13 |
0.16 |
0.50 |
0.51 |
0.68 |
1.52 |
2.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
1.15 |
2.55 |
0.74 |
0.23 |
0.28 |
1.18 |
1.18 |
1.58 |
3.25 |
3.22 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.21 |
2.70 |
0.78 |
0.22 |
0.29 |
1.23 |
1.22 |
1.60 |
3.27 |
3.23 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.60 |
3.57 |
1.02 |
0.30 |
0.38 |
1.62 |
1.61 |
2.12 |
4.33 |
4.27 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
1.16 |
2.67 |
0.82 |
0.30 |
0.32 |
0.93 |
0.86 |
1.17 |
2.66 |
3.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
3.19 |
5.69 |
0.00 |
1.93 |
3.85 |
22.35 |
2.60 |
24.80 |
0.00 |
69.38 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Leverage |
|
0.00 |
0.02 |
0.05 |
0.00 |
0.00 |
0.00 |
0.04 |
0.00 |
0.00 |
0.00 |
Leverage Ratio |
|
10.56 |
10.81 |
10.90 |
10.80 |
11.04 |
10.67 |
10.27 |
9.54 |
9.44 |
9.16 |
Compound Leverage Factor |
|
10.56 |
10.81 |
10.90 |
10.80 |
11.04 |
10.67 |
10.27 |
9.54 |
9.44 |
9.16 |
Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-5.37 |
-2.63 |
-31 |
-21 |
-24 |
-25 |
-0.11 |
-18 |
-24 |
-32 |
Operating Cash Flow to CapEx |
|
0.00% |
46,566.67% |
6,197.72% |
326.92% |
4,292.98% |
6,964.66% |
3,060.78% |
505.96% |
2,238.19% |
1,063.53% |
Free Cash Flow to Firm to Interest Expense |
|
-2.03 |
-0.52 |
-4.17 |
-2.15 |
-2.21 |
-2.27 |
-0.01 |
-1.56 |
-1.99 |
-3.00 |
Operating Cash Flow to Interest Expense |
|
1.90 |
1.92 |
1.84 |
0.69 |
1.17 |
1.46 |
1.81 |
0.73 |
1.09 |
1.24 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.97 |
1.92 |
1.81 |
0.48 |
1.14 |
1.43 |
1.75 |
0.58 |
1.04 |
1.12 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.06 |
0.06 |
0.06 |
0.06 |
Fixed Asset Turnover |
|
5.96 |
4.77 |
5.82 |
5.84 |
5.99 |
6.55 |
6.69 |
6.22 |
6.32 |
5.89 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
136 |
144 |
169 |
162 |
168 |
170 |
180 |
191 |
204 |
213 |
Invested Capital Turnover |
|
0.51 |
0.52 |
0.53 |
0.57 |
0.56 |
0.58 |
0.54 |
0.56 |
0.54 |
0.51 |
Increase / (Decrease) in Invested Capital |
|
13 |
11 |
40 |
30 |
32 |
26 |
11 |
29 |
36 |
43 |
Enterprise Value (EV) |
|
43 |
106 |
34 |
11 |
13 |
46 |
48 |
67 |
154 |
195 |
Market Capitalization |
|
192 |
221 |
216 |
218 |
200 |
245 |
259 |
289 |
350 |
436 |
Book Value per Share |
|
$14.93 |
$15.81 |
$16.83 |
$17.67 |
$18.34 |
$18.54 |
$19.53 |
$20.63 |
$21.86 |
$22.82 |
Tangible Book Value per Share |
|
$13.88 |
$14.72 |
$15.77 |
$16.62 |
$17.30 |
$17.51 |
$18.51 |
$19.62 |
$20.86 |
$21.82 |
Total Capital |
|
136 |
144 |
154 |
162 |
168 |
170 |
180 |
191 |
204 |
213 |
Total Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt |
|
-149 |
-115 |
-182 |
-207 |
-187 |
-199 |
-210 |
-222 |
-195 |
-241 |
Capital Expenditures (CapEx) |
|
-0.19 |
0.02 |
0.22 |
2.01 |
0.30 |
0.23 |
0.67 |
1.61 |
0.60 |
1.23 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
0.00 |
15 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
-2.50 |
0.50 |
0.42 |
0.42 |
0.42 |
0.43 |
-0.08 |
-0.30 |
0.32 |
0.35 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.88 |
$0.93 |
$1.05 |
$1.06 |
$0.86 |
$0.12 |
$1.22 |
$1.25 |
$1.26 |
$1.19 |
Adjusted Weighted Average Basic Shares Outstanding |
|
9.10M |
9.10M |
9.15M |
9.15M |
9.16M |
9.16M |
9.22M |
9.25M |
9.32M |
9.29M |
Adjusted Diluted Earnings per Share |
|
$0.87 |
$0.92 |
$1.04 |
$1.05 |
$0.85 |
$0.11 |
$1.21 |
$1.23 |
$1.24 |
$1.16 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
9.21M |
9.20M |
9.26M |
9.25M |
9.27M |
9.26M |
9.32M |
9.37M |
9.50M |
9.45M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
9.12M |
9.15M |
9.15M |
9.16M |
9.19M |
9.24M |
9.25M |
9.34M |
9.34M |
9.45M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
8.04 |
8.39 |
9.61 |
9.75 |
7.85 |
1.07 |
11 |
12 |
12 |
11 |
Normalized NOPAT Margin |
|
40.44% |
39.74% |
46.46% |
45.77% |
36.10% |
3.81% |
47.00% |
47.24% |
47.31% |
46.02% |
Pre Tax Income Margin |
|
52.32% |
53.82% |
60.71% |
60.60% |
46.91% |
5.56% |
61.97% |
62.53% |
62.25% |
60.98% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.93 |
2.24 |
1.70 |
1.35 |
0.93 |
0.14 |
1.32 |
1.36 |
1.26 |
1.39 |
NOPAT to Interest Expense |
|
3.04 |
1.65 |
1.30 |
1.02 |
0.72 |
0.10 |
1.00 |
1.03 |
0.96 |
1.05 |
EBIT Less CapEx to Interest Expense |
|
4.00 |
2.23 |
1.67 |
1.14 |
0.90 |
0.12 |
1.26 |
1.22 |
1.21 |
1.27 |
NOPAT Less CapEx to Interest Expense |
|
3.11 |
1.65 |
1.27 |
0.81 |
0.69 |
0.08 |
0.94 |
0.88 |
0.91 |
0.93 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.85% |
14.73% |
14.34% |
14.29% |
15.40% |
22.36% |
22.67% |
22.89% |
21.73% |
17.63% |
Augmented Payout Ratio |
|
15.85% |
16.26% |
15.88% |
15.93% |
16.83% |
24.18% |
25.32% |
25.41% |
23.33% |
19.09% |
Key Financial Trends
Bank7 Corp. (NASDAQ: BSVN) has demonstrated solid financial performance and growth over the past four years, with its most recent quarterly data from Q4 2024 providing insights into recent trends and operational efficiency.
Highlights and Positive Trends:
- Consistent Net Interest Income: Bank7’s net interest income has remained strong and stable, with Q4 2024 at approximately $21.7 million, closely aligned with Q3 2024 ($21.2 million) and showing growth compared to earlier years (approx. $20.4 million in Q1 2023 and $20.4 million in Q4 2022).
- Increasing Non-Interest Income in Recent Quarters: Non-interest income in Q4 2024 was $2.4 million, maintaining a healthy contribution to total revenue. Although fluctuating, this reflects diversification away from pure interest income.
- Net Income Growth: The company’s quarterly net income rose to approximately $11.1 million in Q4 2024 from $10.7 million in Q4 2023, showing a continuing upward trend from previous years where net income was generally lower (e.g., approximately $8.4 million in Q4 2022).
- Strong Operating Cash Flow: Bank7 generated $13.1 million in net cash from operating activities in Q4 2024, demonstrating strong cash flow generation capacity from its core banking operations.
- Equity Growth: Total common equity has increased year-over-year, reaching about $204 million in Q3 2024, up from approximately $180 million in Q1 2024 and $180 million in Q4 2023, supporting its balance sheet strength.
- Stable Dividend Payments: The company consistently pays out dividends, with quarterly cash dividends per share increasing from $0.12 in early 2023 to $0.24 by Q3 and Q4 2024, indicating confidence in cash flows and profitability.
- Controlled Expense Growth: Total non-interest expenses have been relatively stable around $9 million per quarter in 2024, marking a manageable cost structure against rising revenues.
Neutral Observations:
- Investment in Securities: Significant purchases of investment securities have occurred each quarter, with related sales and maturities balancing these, reflecting active asset management to optimize yields.
- Shares Outstanding: The weighted average diluted shares outstanding have remained steady around 9.3 to 9.4 million shares, indicating low dilution risk from share issuance or repurchases.
Potential Concerns or Negative Trends:
- Provision for Credit Losses Volatility: The provision for credit losses was very high in Q4 2023 at $15.5 million, severely impacting pre-tax income that quarter. While quieter in 2024 so far, such volatility highlights potential risk exposure in loan quality or economic conditions impacting credit.
- Decreased Deposits in Q4 2024: Net cash flow from financing activities was negative $10.5 million largely due to an $8.7 million decrease in deposits, which may signal customer withdrawals or tighter liquidity conditions compared to previous quarters.
- Volatile Investing Cash Flows: The company’s cash flows from investing activities have swung drastically each quarter, ranging from large positive inflows (e.g., nearly $110 million in Q2 2024) to significant outflows (e.g., -$79 million in Q3 2024), indicating potential challenges in timing asset purchases and disposals or market conditions impacting investment securities.
Summary:
Overall, Bank7 displays solid profitability growth, enhanced shareholder equity, and steady income streams from loans and fees. The company effectively manages its cost base and returns capital to shareholders via dividends. However, the significant fluctuation in loan loss provisions and deposit balances suggests continued vigilance is warranted on credit risk and liquidity management. The active management of investment securities portfolio creates variability in cash flows but also opportunities for yield enhancement.
Retail investors might view Bank7 as a steadily growing community bank with improving earnings and cash flow metrics but should be mindful of episodic credit and liquidity pressures impacting quarterly results.
10/20/25 07:01 PM ETAI Generated. May Contain Errors.