Bank7 Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 11, 2024 at 08:01 am
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Bank7 Corp. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was USD 21.23 million compared to USD 20.5 million a year ago. Net income was USD 11.52 million compared to USD 9.75 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 1.23 compared to USD 1.05 a year ago.
For the six months, net interest income was USD 43.24 million compared to USD 40.5 million a year ago. Net income was USD 22.81 million compared to USD 19.35 million a year ago. Basic earnings per share from continuing operations was USD 2.47 compared to USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 2.44 compared to USD 2.09 a year ago.
Bank7 Corp. is a bank holding company. Through its wholly owned subsidiary, Bank7, it operates twelve full-service branches in Oklahoma, Texas, and Kansas. The Bank is a full-service commercial bank. It focuses on the development of deep business relationships with its commercial customers and their principals. Its consumer lending services include residential real estate loans and mortgage banking services, personal lines of credit, loans for the purchase of automobiles, and other installment loans. It focuses on the loan categories, such as commercial real estate lending, hospitality lending, energy lending, and commercial and industrial lending. The Bank offers deposit banking products includes commercial deposit services, commercial checking, money market, and other deposit accounts, and retail deposit services such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.