Bank7 Corp. posted higher profit and earnings per share in the third quarter of 2026 as loan balances and assets continued to climb.
Net income rose to $10.20 million from $8.35 million in the prior quarter, up 22.25%. Earnings per share increased to $1.06 from $0.87, a gain of 21.84%.
Total assets increased to $2.01 billion at Sept. 30, 2026, from $1.91 billion at June 30, 2026, up 4.84%. Total loans rose to $1.63 billion from $1.60 billion, up 2.22%.
Pre-provision pre-tax earnings advanced to $13.62 million from $11.02 million, up 23.65%. Total interest income increased to $31.93 million from $30.93 million, up 3.25%.
On the funding side, total deposits climbed to $1.72 billion from $1.70 billion at the end of the previous quarter. Interest-bearing deposits increased to $1.39 billion from $1.36 billion, while noninterest-bearing deposits declined to $328.11 million from $341.42 million.
Net interest income was $22.30 million, down from $23.03 million in the second quarter. Net interest margin narrowed to 4.77% from 5.07%, and net interest spread fell to 3.90% from 4.10%.
Noninterest income dropped to $1.07 million from $2.21 million, as “other” noninterest income fell to $347,000 from $1.58 million. Mortgage lending income increased to $492,000 from $391,000.
Noninterest expense declined to $9.76 million from $10.35 million, helped by a sharp drop in “other” expenses to $915,000 from $2.20 million, though accounting, marketing and legal fees rose to $902,000 from $221,000.
For the first nine months of 2026, net income was $30.56 million, down from $32.29 million in the same period of 2025. Earnings per share fell to $3.18 from $3.38 on a diluted basis. Total interest income for the nine-month period rose to $96.64 million from $95.94 million, while net interest income increased to $68.40 million from $65.61 million.
Capital ratios remained strong. At Sept. 30, 2026, the bank’s tier 1 leverage ratio was 14.12%, its tier 1 risk-based capital ratio was 15.18%, and its total risk-based capital ratio was 16.31%. On a consolidated basis, those ratios were 14.12%, 15.17%, and 16.30%, respectively.
The company also said the Century Financial merger has received regulatory approval and shareholder approval, and is expected to close on Nov. 1, 2026. As a result of these announcements, the company's shares have moved -0.33% on the market, and are now trading at a price of $55.02. Check out the company's full 8-K submission here.
