Bank7 Corp. reported second-quarter 2026 net income of $8.35 million, down 24.84% from $11.11 million a year earlier. Diluted earnings per share fell to $0.87 from $1.16, a decline of 25.00%.
Revenue trends were mixed. Total interest income slipped 2.69% to $30.93 million from $31.78 million, while net interest income rose to $21.91 million from $21.74 million. For the first six months of 2026, total interest income increased to $64.71 million from $62.22 million, and net interest income climbed to $46.10 million from $42.58 million.
The company’s noninterest income dropped sharply in the quarter to $1.00 million from $2.70 million. The decline was driven by “other” noninterest income, which fell to $311,000 from $1.95 million. Mortgage lending income also eased to $476,000 from $520,000, and service charges on deposit accounts slipped to $215,000 from $232,000.
Noninterest expense rose to $11.89 million from $9.73 million. The biggest increases were in “other” expense, which jumped to $3.11 million from $1.72 million, and salaries and employee benefits, which rose to $6.20 million from $5.72 million. Accounting, marketing and legal fees climbed to $437,000 from $158,000.
Pre-provision pre-tax earnings fell to $11.02 million from $14.71 million, a drop of 25.10%.
On the balance sheet, total assets increased to $1.91 billion at June 30, 2026 from $1.84 billion a year earlier, while loans rose to $1.60 billion from $1.50 billion. Compared with December 31, 2025, however, total assets declined from $1.96 billion and loans edged down from $1.59 billion.
Deposits totaled $1.64 billion at June 30, 2026, down from $1.70 billion at year-end 2025. Noninterest-bearing deposits fell to $329.24 million from $341.42 million, and interest-bearing deposits declined to $1.31 billion from $1.36 billion.
Shareholders’ equity increased to $266.31 million from $250.99 million at the end of 2025. Retained earnings rose to $164.92 million from $149.71 million, while common shares outstanding increased to 9.52 million from 9.46 million.
Capital ratios remained strong. At June 30, 2026, the bank’s tier 1 leverage ratio was 13.88%, tier 1 risk-based capital ratio was 15.18%, and total risk-based capital ratio was 16.36%. On a consolidated basis, those ratios were 13.88%, 15.17%, and 16.35%, respectively.
Net interest margin for the quarter was 4.81%, down from 4.96% a year earlier. Net interest spread narrowed to 3.93% from 4.01%. Average total interest-earning assets increased to $1.83 billion from $1.76 billion, and average total loans rose to $1.59 billion from $1.45 billion. Average interest-bearing deposits increased to $1.27 billion from $1.24 billion, while the average rate paid on those deposits fell to 2.86% from 3.24%. The market has reacted to these announcements by moving the company's shares -3.38% to a price of $50.05. For more information, read the company's full 8-K submission here.
