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 steady financial growth over the past two years, as shown by its quarterly income statements, cash flow statements, and balance sheets. Here are the key observations and trends based on the provided data:
- Increasing Net Interest Income: Net interest income increased from approximately $20.0 million in Q1 2023 to about $21.7 million in Q4 2024, reflecting stronger earnings from loans, leases, and investment securities.
- Growth in Net Income: Quarterly net income improved from $8.1 million in Q4 2022 to $11.1 million in Q4 2024. Earnings per share (diluted) also increased from $0.92 in Q4 2022 to $1.16 in Q4 2024, indicating profitability growth on a per-share basis.
- Consistent Dividend Payments: The company steadily pays quarterly cash dividends, increasing from $0.12 per share in early 2023 to $0.24 in Q3 2024, supporting shareholder returns.
- Strong Operating Cash Flow: Net cash from operating activities has been consistently positive and robust, with $13.1 million in Q4 2024 and similar levels in preceding quarters, indicating efficient cash generation from core operations.
- Increase in Total Assets and Equity: Total assets grew from about $1.58 billion in Q3 2022 to $1.74 billion by Q3 2024. Common equity also increased from $135.8 million to $204.2 million over the same period, showing solid balance sheet growth.
- Stable Loan Portfolio: Loans and leases net of allowance remain at zero in reported balance sheets, suggesting a business model focused more on securities and other assets than traditional lending.
- Consistent Share Repurchases: The company has repurchased some common equity shares periodically, but these amounts are relatively modest, indicating moderate capital return practices.
- Volatility in Non-Interest Income: Non-interest income shows fluctuation, especially due to realized and unrealized capital gains/losses on investments, with Q4 2023 showing a significant $-15.5 million provision for credit losses impacting net income that quarter.
- Rising Interest Expense: Interest expense on deposits has increased from $5.08 million in Q4 2022 to over $10.6 million in Q4 2024, which could pressure net interest margin if not managed carefully.
- Investment Securities Purchase Outflows: Significant cash outflows related to purchase of investment securities were noted in several quarters (e.g., $88.1 million in Q3 2024), which may impact liquidity and capital allocation.
Summary: Bank7 has exhibited healthy growth in net income, earnings per share, and equity capital, supported by increasing net interest income and robust operating cash flow. The company's focus on investment securities over loans is reflected in its balance sheet composition. While the higher interest expense and occasional credit loss provisions represent challenges, the consistent dividend payments and equity growth create a positive outlook. Investors should monitor the investment portfolio's performance and interest cost trends to assess ongoing profitability.
09/03/25 05:49 AM ETAI Generated. May Contain Errors.