Bank7 Corp. is an Oklahoma City, Oklahoma-headquartered bank holding company (Nasdaq: BSVN) and the parent of Bank7, a specialty commercial bank focused on energy lending, hospitality lending, commercial real estate (CRE), and construction lending across Oklahoma, Texas, Kansas, and Colorado, with the Bank's high-touch relationship model and industry expertise driving a differentiated credit profile. For the second quarter ended June 30, 2026, the Company reported net income of $11.1 million ($1.17 per diluted share, implied), up from $8.3 million in Q2 2025, with H1 2026 net income of $21.4 million (up from $20.4 million in H1 2025). Net interest income of $21.9 million produced a net interest margin of 4.81 percent (down 15 bps from 4.96 percent in Q2 2025) and a net interest spread of 3.93 percent (down from 4.01 percent). Total assets of $1.91 billion at June 30, 2026 were down slightly from $1.96 billion at December 31, 2025. Total deposits of $1.64 billion were down 3.7 percent from $1.70 billion at year-end 2025, with noninterest-bearing deposits of $329.2 million representing 20.0 percent of total deposits (down from 20.1 percent). Net loans of $1.58 billion were down slightly from $1.59 billion at year-end, with the loan portfolio concentrated in CRE, hospitality, energy, and construction. The allowance for credit losses of $19.5 million (1.22 percent of loans) was stable from $19.4 million at year-end. The Company declared a $0.27 quarterly dividend ($1.08 annualized, up from $0.24 in 2025) and repurchased shares in H1 2026. Capital ratios remain strong: Tier 1 leverage of 13.5 percent (Company), CET1 of 14.2 percent, Tier 1 risk-based of 15.2 percent, and Total capital of 16.4 percent.
The investment thesis rests on three variables. The specialty lending franchise and pricing power is the load-bearing asset quality variable, with the energy, hospitality, CRE, and construction lending expertise generating a net interest margin of 4.81 percent (well above the community bank median of ~3.5 percent) and a net interest spread of 3.93 percent, reflecting the risk-adjusted pricing discipline in the Bank's niche verticals, and the strategic intent is to maintain the margin premium through cycle-aware underwriting and relationship-based pricing. The deposit franchise transformation is the load-bearing funding variable, with total deposits of $1.64 billion (down 3.7% from year-end) and noninterest-bearing deposits at 20.0 percent (vs. 20.1% at year-end), reflecting the competitive deposit environment and the Bank's intentional shift away from higher-cost wholesale funding, and the strategic intent is to grow core noninterest-bearing relationships in the energy and commercial corridors while managing the overall cost of funds. The tangible book value compounding and capital return is the load-bearing shareholder return variable, with strong capital ratios (16.4% Total capital, 13.5% Tier 1 leverage), a growing quarterly dividend ($0.27, up 12.5% YoY), share repurchases in H1 2026, and the strategic intent to continue compounding tangible book value per share while returning excess capital.