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 strong financial performance and growth trends over the past several years, with data available through Q4 2024.
Positive Financial Highlights:
- Net interest income increased steadily, from approximately $20 million in early 2023 to around $21.7 million in Q4 2024, reflecting growing interest income on loans and leases.
- Consistent net income growth is evident, rising from $8.04 million in Q1 2023 to $11.1 million in Q4 2024, indicating improving profitability.
- Earnings per share (EPS) on a diluted basis increased from $0.87 in Q1 2023 to $1.16 in Q4 2024, benefiting shareholders with stronger returns.
- Operating cash flow remained strong and positive across most quarters, with net cash from continuing operating activities reaching $13.1 million in Q4 2024, supporting business operations and liquidity.
- The company consistently paid dividends each quarter, with dividend per share rising from $0.12 in early 2023 to $0.24 by Q3 2024, showing commitment to shareholder returns.
- Total assets grew from approximately $1.66 billion in Q1 2023 to $1.74 billion by Q3 2024, supporting expansion and increased business capacity.
- Total common equity increased steadily from about $154 million in early 2023 to $204 million in Q3 2024, indicating a strengthening capital base.
- Reduction in provision for credit losses to zero in 2024 quarters suggests improved asset quality compared to significant provisions in 2023 and earlier years.
Neutral Factors to Consider:
- Interest expense on deposits increased from about $7.4 million in Q1 2023 to over $10.5 million in Q4 2024, consistent with higher interest rates but offset by increased interest income.
- Total non-interest income showed some variability, ranging from below $1 million in early 2023 to over $2.4 million in Q4 2024, affected by changes in service charges and capital gains/losses.
Negative Financial Considerations:
- Loan balances remain at zero throughout the periods reviewed, suggesting Bank7 focuses heavily on securities and other assets but lacks traditional loan growth, which could limit future net interest income expansion.
- Net cash used in investing activities fluctuated, with significant outflows in several quarters (e.g., -$79 million in Q3 2024), driven mainly by investment securities purchases, which could pressure liquidity if not balanced by financing or operating cash inflows.
- Deposits showed irregular changes, with notable declines (e.g., net change in deposits of -$9.9 million in Q2 2024 and -$8.7 million in Q4 2024), reflecting potential volatility in funding sources.
- Non-interest expenses, including salaries, occupancy, and other operating costs, increased over the years, reaching around $9.42 million in Q4 2024, which may pressure margins if revenue growth slows.
- Accumulated other comprehensive income remains negative, indicating unrealized losses or other items affecting equity negatively, though impact on core operations is limited.
Summary: Bank7 has shown solid growth in net income and EPS over the past two years, supported by increasing net interest income and controlled credit losses. The focus on investments over traditional lending appears to define its business model, with steady asset and equity growth. However, fluctuations in deposit levels and heavy investment securities purchases introduce some risk to liquidity management. Rising operating expenses and persistent negative comprehensive income components warrant observation. Overall, Bank7’s financials reflect a company strengthening profitability and capital while navigating typical banking sector challenges.
09/17/25 05:53 AM ETAI Generated. May Contain Errors.