OKLAHOMA CITY, April 12, 2024 /PRNewswire/ -- Bank7 Corp. (NASDAQ:BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the quarter ended March 31, 2024.  "We are pleased with the strength of our core earnings, as evidenced by our pre-tax, pre-provision earnings (PPE).  The Company's continued ability to exceed historical PPE is a function of our position in dynamic geographic markets, our long-term and broad-based deposit relationships, our debt-free and liquid balance sheet, and our disciplined approach to cost controls. Further, the Company's credit quality remains a point of strength with minimal exposure to office and retail commercial real estate," said Thomas L. Travis, President and CEO of the Company."  For the three months ended March 31, 2024 compared to the three months ended March 31, 2023: Net income of $11.3 million compared to $9.6 million, an increase of 17.50% Earnings per share of $1.21 compared to $1.04, an increase of 16.35% Total assets of $1.8 billion compared to $1.7 billion, an increase of 6.89% Total loans of $1.4 billion compared to $1.3 billion, an increase of 7.39% PPE of $14.9 million compared to $13.0 million, an increase of 14.22% Total interest income of $33.3 million compared to $27.4 million, an increase of 21.57% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes.  On March 31, 2024, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 10.10%, 12.11%, and 13.36%, respectively.  On March 31, 2024, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 10.11%, 12.11%, and 13.36%, respectively.  Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators.  Non-GAAP Financial Measures:This earnings release contains the non-GAAP financial measure pre-provision pre-tax earnings ("PPE").  The Company's management uses this non-GAAP measure in their analysis of 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. For the Three Months Ended Mar 31, 2024 Mar 31, 2023 Calculation of Pre-Provision Pre-Tax Earnings ("PPE") (Dollars in thousands) Net Income $                   3,595 $                   2,947 Income Tax Expense 14,883 12,554 Pre-tax net income 14,883 12,554 Add back: Provision for credit losses - 1 Add back: (Gain)Loss on sales/calls of AFS debt securities 14,883 13,030 Pre-provision pre-tax earnings 14,883 13,030   Bank7 Corp. Consolidated Balance Sheets Assets March 31, 2024(unaudited) December 31, 2023 Cash and due from banks $               193,218 $               181,042 Interest-bearing time deposits in other banks 17,181 17,679 Available-for-sale debt securities 151,872 169,487 Loans, net of allowance for credit losses of $19,696 and $19,691 at March 31, 2024 and December 31, 2023, respectively 1,354,195 1,341,148 Loans held for sale, at fair value - 718 Premises and equipment, net 15,376 14,942 Nonmarketable equity securities 1,278 1,283 Core deposit intangibles 970 1,031 Goodwill 8,458 8,458 Interest receivable and other assets 32,435 35,878 Total assets $            1,774,983 $            1,771,666 Liabilities and Shareholders' Equity Deposits Noninterest-bearing $               452,326 $               482,349 Interest-bearing 1,127,846 1,109,042 Total deposits 1,580,172 1,591,391 Income taxes payable 3,946 302 Interest payable and other liabilities 10,483 9,647 Total liabilities 1,594,601 1,601,340 Shareholders' equity Common stock, $0.01 par value; 50,000,000 shares authorized; shares  issued and outstanding: 9,238,206 and 9,197,696 at March 31, 2024  and December 31, 2023, respectively 92 92 Additional paid-in capital 97,669 97,417 Retained earnings 88,310 78,962 Accumulated other comprehensive loss (5,689) (6,145) Total shareholders' equity 180,382 170,326 Total liabilities and shareholders' equity $            1,774,983