Bank7 Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 08:00 am
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Bank7 Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 20.75 million compared to USD 19.05 million a year ago. Net income was USD 7.85 million compared to USD 8.04 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.87 a year ago.
For the nine months, net interest income was USD 61.25 million compared to USD 49.05 million a year ago. Net income was USD 27.21 million compared to USD 21.25 million a year ago. Basic earnings per share from continuing operations was USD 2.97 compared to USD 2.34 a year ago. Diluted earnings per share from continuing operations was USD 2.94 compared to USD 2.31 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.