Bank7 Corp. (NASDAQ: BSVN) has released its unaudited results for the quarter ended September 30, 2025, showing a mixed performance compared to the previous quarter.
The net income for the quarter was reported at $10.8 million, marking a decrease of 2.35% from the $11.1 million reported in the previous quarter. Earnings per share also saw a decline of 2.59%, dropping from $1.16 to $1.13.
However, total assets increased by 3.00% to reach $1.9 billion, up from $1.8 billion in the previous quarter. Total loans also saw a 2.46% increase, rising to $1.5 billion compared to the previous quarter.
Pre-provision pre-tax earnings (PPE) showed a slight increase of 1.29%, reaching $14.9 million from $14.7 million in the previous quarter. Total interest income experienced a more significant growth, rising by 6.09% to $33.7 million from $31.8 million.
The bank's and the company's capital levels continue to exceed the minimum required to be designated as "well-capitalized" for regulatory purposes. As of September 30, 2025, the bank's tier 1 leverage ratio, tier 1 risk-based capital ratio, and total risk-based capital ratios were reported at 12.71%, 14.23%, and 15.44%, respectively.
On a consolidated basis, the company’s tier 1 leverage ratio, tier 1 risk-based capital ratio, and total risk-based capital ratios were reported at 12.71%, 14.22%, and 15.43%, respectively.
In terms of non-GAAP financial measures, the company’s management uses the non-GAAP measure of pre-provision pre-tax earnings to analyze the company’s performance. This measure adjusts GAAP performance to exclude from net income, income tax expense, provision for credit losses, and loss on sales and calls of available-for-sale debt securities.
The unaudited condensed consolidated balance sheets reveal that total assets as of September 30, 2025, amounted to $1,891,435, compared to $1,739,808 as of December 31, 2024.
The unaudited condensed consolidated statements of comprehensive income for the three months ended September 30, 2025, show that the net interest income after provision for credit losses was $22.3 million, compared to $21.2 million in the previous quarter.
The net interest margin for the three months ended September 30, 2025, was reported at 5.07%, up from 4.10% in the previous quarter.
For the nine months ended September 30, 2025, the net interest margin was 5.07%, compared to 3.78% for the same period in the previous year.
The market has reacted to these announcements by moving the company's shares 3.14% to a price of $45.33. If you want to know more, read the company's complete 8-K report here.
