OKLAHOMA CITY, July 11, 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 June 30, 2024.  "We are pleased to announce another record quarter of net income and EPS.  Our asset sensitive balance sheet, disciplined approach to cost controls, and excellent credit quality continues to produce outstanding results" said Thomas L. Travis, President and CEO of the Company."  For the three months ended June 30, 2024 compared to the three months ended June 30, 2023: Net income of $11.5 million compared to $9.7 million, an increase of 18.24% Earnings per share of $1.23 compared to $1.05, an increase of 17.14% Total assets of $1.7 billion compared to $1.7 billion, an increase of 0.10% Total loans of $1.4 billion compared to $1.3 billion, an increase of 5.94% PPE of $15.3 million compared to $13.9 million, an increase of 9.57% Total interest income of $32.4 million compared to $30.0 million, an increase of 7.74% Three months ended June 30, 2024 compared to three months ended March 31, 2024 Net income of $11.5 million compared to $11.3 million, an increase of 2.09% Earnings per share of $1.23 compared to $1.21, an increase of 1.65% Total assets of $1.7 billion compared to $1.8 billion, a decrease of 5.19% Total loans of $1.4 billion compared to $1.4 billion, a decrease of 1.59% PPE of $15.3 million compared to $14.9 million, an increase of 2.50% Total interest income of $32.4 million compared to $33.3 million, a decrease of 2.76% 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 June 30, 2024, the Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital ratios were 11.12%, 13.04%, and 14.28%, respectively.  On June 30, 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 11.12%, 13.03%, and 14.27%, 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 June 30, 2024 March 31, 2024 June 30, 2023 Calculation of Pre-Provision Pre-Tax Earnings ("PPE") (Dollars in thousands) Net Income $             11,524 $             11,288 $               9,746 Income Tax Expense 3,731 3,595 3,158 Pre-tax net income 15,255 14,883 12,904 Add back: Provision for credit losses - - 1,011 Add back: (Gain)Loss on sales/calls of AFS debt securities - - 7 Pre-provision pre-tax earnings 15,255 14,883 13,922   Bank7 Corp.Consolidated Balance Sheets Assets June 30, 2024(unaudited) December 31, 2023 Cash and due from banks $            210,105 $            181,042 Interest-bearing time deposits in other banks 12,202 17,679 Available-for-sale debt securities 66,284 169,487 Loans, net of allowance for credit losses of $17,772 and   $19,691 at June 30, 2024 and December 31, 2023, respectively 1,334,317 1,341,148 Loans held for sale, at fair value - 718 Premises and equipment, net 16,736 14,942 Nonmarketable equity securities 1,275 1,283 Core deposit intangibles 938 1,031 Goodwill 8,458 8,458 Income taxes receivable 358 - Interest receivable and other assets 32,240 35,878      Total assets $        1,682,913 $        1,771,666 Liabilities and Shareholders' Equity Deposits   Noninterest-bearing $            350,324 $            482,349   Interest-bearing 1,130,993 1,109,042      Total deposits 1,481,317 1,591,391 Income taxes payable - 302 Interest payable and other liabilities 10,790 9,647      Total liabilities 1,492,107 1,601,340 Shareholders' equity   Common stock, $0.01 par value; 50,000,000 shares authorized; shares     issued and outstanding: 9,253,038 and 9,197,696 at June 30, 2024     and December 31, 2023, respectively 93 92   Additional paid-in capital 98,570 97,417   Retained earnings 97,891 78,962   Accumulated other comprehensive loss (5,748) (6,145)      Total shareholders' equity 190,806 170,326      Total liabilities and shareholders' equity $        1,682,913 $        1,771,666   Three Months Ended Six Months Ended June 30, June 30, 2024(unaudited) 2023 2024(unaudited) 2023 Interest Income Loans, including fees $       28,926 $     26,885 $      59,043 $     52,237 Interest-bearing time deposits in other banks 246 62 499 111 Debt securities, taxable 951 701 1,963 1,407 Debt securities, tax-exempt 71 85 144 172 Other interest and dividend income 2,242 2,309 4,074 3,495      Total interest income 32,436 30,042 65,723 57,422 Interest Expense Deposits 11,204 9,544 22,481 16,918      Total interest expense 11,204 9,544 22,481 16,918 Net Interest Income 21,232 20,498 43,242 40,504 Provision for Credit Losses - 1,011 - 1,485 Net Interest Income After Provision for Credit Losses 21,232 19,487 43,242 39,019 Noninterest Income