Bank7 : Q1 Earnings Presentation

Published: 2026-04-14 08:12:11 ET BSVN

Published on 04/14/2026 at 08:12 am EDT

Q1 2026

Earnings Release

Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States

Q1 2026

Q4 2025

% Change

Q1 2025

% Change

Total assets

$ 1,945,080

$ 1,963,640

-0.9%

$ 1,785,474

8.9%

Total loans

1,593,828

1,606,431

-0.8%

1,423,811

11.9%

Total deposits

1,671,381

1,700,833

-1.7%

1,551,290

7.7%

Net income

12,006

10,784

11.3%

10,336

16.2%

Pre-provision pre-tax earnings(1)

15,821

14,159

11.7%

13,713

15.4%

Diluted Earnings per share

1.25

1.12

11.6%

1.08

15.7%

Net interest margin, ex. loan fees(1)

4.60%

4.45%

3.3%

4.69%

-2.0%

ROAA

2.56%

2.26%

13.3%

2.41%

6.0%

Adjusted Core(2) Earnings

Q1 2026

Q4 2025

% Change

Q1 2025

% Change

Net income

11,745

10,747

9.3%

10,284

14.2%

Pre-provision pre-tax earnings(1)

15,473

14,110

9.7%

13,644

13.4%

Diluted Earnings per share

1.22

1.12

9.3%

1.08

13.7%

Consistently produce top tier earnings and ROATCE (3)

Proven ability to maintain a healthy net interest margin through various interest rate cycles

Abundant liquidity and a properly matched balance sheet

Disciplined credit culture that adheres to our comprehensive risk management practices

High level of capital provides comfort and flexibility

EPS: Strong performance not driven by share buybacks

Dividend Payout Ratio: 21.6%, which is lower than the average 34% pay out ratio for dividend-paying banks(4)

Shareholder alignment due to 55% insider ownership

Dollars in thousands, except per share data. All data as of March 31, 2026, unless indicated otherwise

Pre-provision pre-tax earnings ("PPE") and net interest margin excluding loan fees are non-GAAP financial measures. See appendix for reconciliation to their most comparable GAAP measure

Adjusted core are non-GAAP financial measures. See appendix for reconciliation to their most comparable GAAP measures 1

See slide 6 for the corresponding comparison between BSVN and peer group

Exchange-traded banks nationwide; Source: SsP Global Market Intelligence. As of Q4 2025, the latest data available

BSVN - Corporate Overview

Earnings Release: Q1 2026

Record EPS: $1.25; driven by core earnings (no share repurchases)

Record PPE: $15.82 million

ROAA: 2.56%

ROATCE: 19.95%; achieved while maintaining all-time high capital levels

NIM (excluding loan fee income): 4.60%

Efficiency Ratio: 39.64%; core bank efficiency ratio of 38.82%(1)

Exceptional Earnings & Profitability

Tenured team of commercial bankers in dynamic markets

NCO: -1bps (Net recoveries of $0.05 million)

NPAs/TL: 0.58%

ACL/NPLs: 209.75%

ACL/TL: 1.22%

Excellent Asset Quality

Cash + unpledged securities + undrawn credit: $805.58 million (2.42x coverage of $332.28 million(2) adjusted uninsured deposits)

Loans repricing in ≤1 year: $1.47 billion (91.78%), with $0.99 billion (61.92%) repricing daily

Real-time Yield on Loans: 6.91%

Real-time Cost of Funds: 2.27%

Consistent Balance Sheet Management

Strong earnings, low dividend payout ratio, no debt, no HTM securities

Significantly higher than the regulatory "well capitalized" thresholds

RBC: 15.96%

CET1: 14.78%

Tier 1 Leverage: 13.24%

TCE/TA: 12.81%

Prudent Capital Management

Dollars in thousands except per share data. All data as of March 31, 2026, unless indicated otherwise 2

A non-GAAP measurement that excludes oil and gas non-interest expense of $569 and oil and gas revenues of $917

See slide 10 for adjusted uninsured deposit calculation

Q1 Overview

Earnings Release: Q1 2026

Q1 2025 Q1 2026

2025

2024

2023

2022

2021

$10.0

$15.8

$13.7

$40.0 $35.1

$30.0

$20.0

$43.9

$50.0

$57.5

$60.0

$60.4

$58.4

$70.0

PPE(1)

Record PPE was driven by:

Disciplined loan pricing

Consistent NIM

Expense controls

Strong loan fee income

Noninterest expense to average assets

Assets / FTE Employee (Millions)

2022 2023 2024 2025 Q1 2026

5.00%

4.50%

4.00%

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

$15.4

$15.7

$14.0

$13.7

$12.9

$4.0

$2.0

2.20%

2.14%

2.15%

1.99%

1.96%

$16.0

$14.0

$12.0

$10.0

$8.0

$6.0

Maximizing Our Employee Base

We achieve maximum productivity by:

Having fewer but higher quality bankers

Operating an efficient delivery system with a strict adherence to process

Dollars are in millions

Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, 2025 and March 31, 2026 3

(1) Pre-provision, pre-tax earnings ("PPE") is a non-GAAP financial measure. See appendix for reconciliation to its most comparable GAAP measure

Strength in Core Earnings

Earnings Release: Q1 2026

2025 Q1 2025 Q1 2026

2024

2023

2022

2021

15.00%

10.00%

5.00%

0.00%

18.57%

20.00%

19.95%

20.10%

19.47%

20.13%

23.92%

25.00%

30.00%

5 year average: 21.4%

Return on Average Tangible Common Equity

2025 Q1 2025 Q1 2026

2024

2023

2022

2021

1.50%

1.00%

0.50%

0.00%

1.68%

2.00%

2.02%

2.56%

2.41%

2.37%

2.21%

2.50%

2.65%

3.00%

5 year average: 2.2%

Return on Average Assets

2025 Q1 2025 Q1 2026

2024

2023

2022

2021

36.00%

35.00%

34.00%

33.00%

36.07%

36.76%

37.00%

38.00%

37.90%

39.00%

39.64%

39.45%

39.29%

40.00%

40.24%

41.00%

Efficiency Ratio

5 year average: 38.1%

Performance ratios remain top-tier and within our historical ranges

Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, 2025 and March 31, 2026

Consistent Top Performer

Earnings Release: Q1 2026

$5.00

2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

Consistently strong earnings increased TBV despite three factors:

$0.85 per share paid for an all-cash acquisition in Q4 2021

$0.28 per share AOCI unrealized loss from investments

Paid ~20% of earnings as cash dividends since IPO ($4.86 per share)

$8.49

$10.00

$9.78

$12.93

$11.69

$15.00

$14.69

$17.49

$20.00

$21.71

$25.00

$26.04

$25.26

$30.00

CAGR since 2018: 16.7%

Tangible Book Value Per Share(1)

$1.00

2020 2021 2022 2023 2024 2025 Q1 2025 Q1 2026

EPS:

No share repurchases since 2020

$1.25

$1.08

$2.00

$2.05

$2.55

$3.00

$3.05

$3.22

$4.00

$4.50

$5.00

$4.84

$6.00

Diluted Earnings Per Share

YE 2018

Q1 2026

% Change

$ Change

Total tangible shareholders' equity

$ 86,471

$ 247,892

186.7%

$ 161,421

Shares outstanding

10,187.5

9,519.3

-6.6%

(668.2)

Tangible book value per share

$ 8.49

$ 26.04

206.8%

$ 17.55

Cash dividends per share since IPO as a % of 2018 TBV per share

57.3%

4.86

Overall Return:

264.1%

$ 22.41

Dollars and shares in thousands, except per share data

Tangible book value per share is a non-GAAP financial measure, and is calculated by dividing "Total tangible shareholders' equity" by "Shares outstanding". See appendix for reconciliation to its most 5

comparable GAAP measure

Reliable and Rapid Capital Compounder

Earnings Release: Q1 2026

Income Statement as a Percentage of Average Assets

2021 2022 2023 2024

2025(2)

Peer Group

Median(1)

BSVN

Median(1)

BSVN

Median(1)

BSVN

Median(1)

BSVN

Median(1)

BSVN

Net Interest Income

3.12%

4.97%

3.23%

5.09%

3.03%

4.74%

2.93%

5.00%

3.24%

4.83%

Pre-provision pre-tax earnings

1.43%

3.44%

1.49%

2.99%

1.24%

3.46%

1.09%

3.50%

1.38%

3.16%

Provision Expense

0.02%

0.40%

0.08%

0.31%

0.08%

1.25%

0.07%

0.00%

0.12%

0.04%

Net Income

1.13%

2.21%

1.08%

2.02%

0.88%

1.68%

0.80%

2.65%

0.95%

2.37%

ROATCE

13.42%

20.13%

14.08%

23.92%

11.44%

18.57%

10.19%

25.00%

11.41%

19.47%

Net Interest Margin

3.35%

5.12%

3.47%

4.82%

3.26%

4.97%

3.12%

5.11%

3.47%

4.94%

Efficiency Ratio

63.30%

36.76%

61.15%

39.29%

65.63%

36.07%

67.88%

37.90%

62.25%

40.24%

Peer group is defined as exchange-traded banks nationwide with assets between $500mm-$5bn (128 banks); Source: SsP Global Market Intelligence 6

As of Q4 2025, the latest data available.

Consistently Outperforming our Peer Group

Earnings Release: Q1 2026

PPE to Average Assets vs Peers

4.00%

3.50%

3.00%

3.44%

3.46%

3.50%

3.16%

2.50%

2.99%

2.00%

1.50%

1.00%

1.43%

1.49%

1.24%

1.38%

1.09%

0.50%

0.00%

2021

2022

2023

2024

2025

Peers

BSVN

$30.00

$25.00

$20.00

BSVN's TBVPS(1) Since FYE 2018

$21.71

CAGR since 2018: 16.8%

Public Banks Median CAGR: 6.7%(1)

$14.69

$17.49

$25.26

$15.00

$10.00

$8.49

$9.78

$11.69

$12.93

$5.00

$0.00

2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y

250.0%

Total Shareholder Return Since BSVN's IPO (9/2018)

200.0%

150.0%

100.0%

50.0%

0.0%

BSVN: 156.1%

116.5%

Outperformance Median: 39.7%

(50.0%)

(100.0%)

$100 invested in BSVN since IPO would be worth $256.14 now

$100 invested in an index of all public banks since BSVN's IPO would be worth $139.65 now

9/20/2018 3/20/2019 9/20/2019 3/20/2020 9/20/2020 3/20/2021 9/20/2021 3/20/2022 9/20/2022 3/20/2023 9/20/2023 3/20/2024 9/20/2024 3/20/2025 9/20/2025 3/20/2026

BSVN Public Banks Median (1)

Source: SsP Global Market Intelligence and FactSet; Market data as of 3/31/2026 Total shareholder return includes the reinvestment of dividends

Tangible book value per share is a non-GAAP financial measures. See appendix for reconciliation to its most comparable GAAP measure 7

Public banks include all major exchange-traded banks nationwide (292 banks)

BSVN Compared to All Major Exchange Traded Banks

Earnings Release: Q1 2026

Net interest margin remains within our historical range, and is driven by disciplined loan pricing that is funded by a broad and deep funding base

Q1 NIM benefited from accelerated fee recognition tied to early payoffs and the recognition of non-accrual interest previously collected

0.37%

0.74%

4.82% 4.97%

0.28%

0.34%

0.35%

4.94% 4.98%

0.44%

4.38%

4.60%

4.75%

4.61%

4.69%

4.60%

0.67%

Loan Fee Income Contribution

Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, 2025 and March 31, 2026 8

Net interest margin (excluding loan fee income) is a non-GAAP financial measure, see Appendix for reconciliation to the most comparable GAAP measure for this metric

Consistent Net Interest Margin

Earnings Release: Q1 2026

9.00%

8.00%

7.00%

6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

0.00%

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

Yield on Loans(1)

Cost of Funds

BSVN Spread

10 Yr Treasury Yield

Financial data calculated using annual averages 9

(1) Excluding loan fee income

We Achieve a Steady Spread thru Various Rate Cycles

Earnings Release: Q1 2026

Liquidity

Uninsured Deposits | Cash/Liquidity

Uninsured Deposits $

Less: Related Party Deposits Less: Collateralized Deposits

Q1 2026

405,752

(59,299)

(14,169)

Adjusted Uninsured Deposits $ 332,284

Cash and cash equivalents, and interest-bearing time deposits $

Undrawn Lines-of-Credit Unpledged Securities

Cash/Available Liquidity $

Q1 2026

250,436

519,123

36,021

805,580

Uninsured deposits total $405.75 million (24.28% of total). Adjusted for insider and collateralized deposits, uninsured deposits are $332.28 million (19.88% of total)

With $805.58 million in cash, securities, and undrawn lines of credit, we have 2.42x coverage of adjusted uninsured deposits

Dollars in thousands, all data as of March 31, 2026, unless indicated otherwise 10

(1) $0.99 billion of gross loans reprice daily

Asset Sensitivity Repricing and Liquidity

Earnings Release: Q1 2026

Asset Sensitivity Repricing Schedule

< 1 year

1 to 2 years

2 to 3 years

> 3 years

Total

Earning Assets:

Cash and cash equivalents, and interest-bearing time deposits Gross Loans

Securities

Total

% of Total

250,436

1,465,376

6,267

1,722,079

(1)

61,793

7,264

69,057

36,108

5,020

41,128

33,268

33,589

66,857

250,436

1,596,545

52,140

1,899,121

90.67%

3.64%

2.17%

3.52%

100.00%

30.1%

30.7%

30.3%

20.7%

20.1%

20.2%

2021

2022

2023

Noninterest-bearing deposits

2024

Interest-bearing deposits

2025

Q1 2026

Deposit Composition

NOW deposits

$650.1 / 38.9%

Money Markets

$320.7 / 19.2%

Savings

$93.3 / 5.6%

Time deposits < $250K

$176.1 / 10.5%

Noninterest-bearing demand

$336.8 / 20.2%

Time deposits > $250K

$94.4 / 5.6%

CAGR since 2021: 7.7%

$1,700.8

$1,591.4

$1,671.4

$1,431.4

$1,515.5

$1,217.5

69.9%

69.2%

79.3%

69.7%

79.8%

79.9%

Dollars in millions, all data as of March 31, 2026, unless indicated otherwise

Deposit Composition

Earnings Release: Q1 2026

Loan Portfolio Trends

CAGR Since 2021: 10.8%

$1,700

$1,500

$1,300

$1,100

$900

$700

$500

$300

$100

-$100

$1,609.4 $1,596.6

$156.7 (9.7%)

$128.7

(8.1%)

$1,364.0 $1,399.0

$410.7 (25.5%)

$407.4 (25.5%)

$1,273.6

$190.5 (14.0%)

$133.3

(9.5%)

$182.8 (14.4%)

$373.5 (26.7%)

$334.6 (24.5%)

$1,031.0

$327.6 (25.7%)

$310.5 (19.3%)

$302.7 (19.0%)

$116.7

(11.3%)

$839.1

$245.1 (23.8%)

$259.1 (18.5%)

$708.6

$102.0

(12.2%)

$298.5 (21.9%)

$244.3 (19.2%)

$204.3 (24.4%)

$731.5 (45.5%)

$757.8 (47.5%)

$102.1

(14.4%)

$199.9 (19.4%)

$158.6 (22.4%)

$633.1 (45.3%)

$194.0 (23.1%)

$540.4 (39.6%)

$518.9 (40.7%)

$167.0 (23.6%)

$469.3 (45.5%)

$338.8 (40.4%)

$280.8 (39.6%)

Other(1) Hospitality C&I Energy

Dollars in millions 12

(1) No single loan category within 'Other' exceeds 10% of the total loan portfolio

Loan Portfolio Trends - Selected Categories

Earnings Release: Q1 2026

$407.4 / 25.5%

$13.8 / 0.9%

$33.2 / 2.1%

$54.5 / 3.4%

$- / 0.0%

$161.9 / 10.1%

$60.7 / 3.8%

$22.3 / 1.4%

$43.5 / 2.7%

$2.2 / 0.1%

$157.4 / 9.9%

$66.8 / 4.2%

$135.4 / 8.5%

$134.8 / 8.4%

$302.7 / 19.0%

Loan Portfolio Selected Categories

Industry

Q1 2026

% of Total

Loans

Q4 2025

% of Total

Loans

Commercial & Industrial

$ 407.35

25.51%

$ 410.67

25.52%

Hospitality

302.70

18.96%

310.50

19.30%

Energy

128.70

8.06%

156.70

9.74%

Dollars are in millions. Data as of March 31, 2026

Loan Portfolio Distribution

Earnings Release: Q1 2026

1-4 Family - Commercial

$26.0 / 2.7%

Retail

$45.4 / 4.7%

Office

$51.8 / 5.4%

Restaurant

$10.2 / 1.1%

Hospitality

$302.7 / 31.6%

Industrial

$18.4 / 1.9%

Other

$5.7 / 0.6%

Other CRE

$0.2 / 0.0%

Industrial

$73.7 / 7.7%

Raw Land

$35.8 / 3.7%

Restaurant

$2.5 / 0.3%

Office

$2.2 / 0.2%

Office

$28.9 / 3.0%

Retail

$11.2 / 1.2%

Restaurant

$1.0 / 0.1%

Retail

$20.2 / 2.1%

OWNER OCCUPIED

Industrial

$28.4 / 3.0%

Other

$19.9 / 2.1%

Hospitality

$- / 0.0%

Multifamily

$18.6 / 1.9%

Commercial Lots - Construction

$10.9 / 1.1%

Residential Lots - Existing

$9.5 / 1.0%

Residential Lots - Construction

$16.3 / 1.7%

Commercial Lots - Existing

$17.3 / 1.8%

1-4 Family

$66.8 / 7.0%

CONSTRUCTION

Diverse commercial real estate lending activity in Texas and Oklahoma with an emphasis in the DFW, Oklahoma City, and Tulsa metros

No office exposure to downtown metropolitan locations

Construction lending activity primarily in Oklahoma City and the Dallas metroplex with an emphasis on entry level homes with established homebuilders

Limited lot and development lending activity

Hospitality niche managed by seasoned professionals with proven track record through various economic cycles

$135.4 / 14.1% Multifamily

Dollars are in millions. Data as of March 31, 2026

Diverse CRE Portfolio with Very Low Historical Losses

Earnings Release: Q1 2026

Hotel Portfolio by Class

Midscale

$202.97 / 67.1%

Upper Midscale

$27.09 / 8.9%

Upscale

$- / 0.0%

Luxury

$- / 0.0%

Economy

$72.63 / 24.0%

Blue collar portfolio that is well-protected by the "cycle-down" effect of a recession

Geographically concentrated in TX (77%) and other markets with favorable economic conditions

Loans personally guaranteed by experienced owner/operators with operating history spanning decades of economic cycles

Diversified lending to many reputable brands

Hotel Portfolio by Location

3.56%

Actual

Hotel Portfolio by Location

Outstanding Balance

20%

40%

60%

80%

100%

Dallas / Ft. Worth Metro Area Other Texas Metros Other

65.75%

10.87%

23.38%

Consistent underwriting fundamentals with disciplined equity requirements, debt coverage ratio requirements, personal recourse, and rapid amortization

Average loan size of $5.71 million

Average LTV of 58%

Dollars are in millions. Data as of March 31, 2026

Hospitality Loan Portfolio - A Source of Strength

Earnings Release: Q1 2026

Total Assets

CAGR Since 2014: 13.2%

$2,000.0 $1,963.6 $1,945.1

$1,771.7 $1,739.8

$1,800.0

$1,584.2

$1,600.0

$1,400.0 $1,350.5

$1,200.0

$1,016.7

$1,000.0 $866.4

$770.5

$800.0 $703.6

$563.5 $613.8

$600.0 $479.5

$400.0

$200.0

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Q1 2026

Kansas acquisition

LPO opened in Irving, TX

LPO opened in Tulsa, OK, full-service branch opened in Frisco, TX

Oklahoma acquisition

Completed IPO

Full-service branch opened in Tulsa, OK

Full-service branch opened in Irving, TX

Oklahoma mortgage acquisition

Dollars are in millions

Strategic Growth in Dynamic Markets

Earnings Release: Q1 2026

Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1)

Regulatory Minimum

Target Ratios

Q1 2026 Capital

Ratios

Excess Capital to Target Ratio Expressed in %(2)

Excess Capital to Target Ratio Expressed in $(3)

Add: PPE Cushion(4)

Total Shock Absorption Ability Prior to Hitting Reg Minimums

Tier 1 Leverage

5.00%

13.24%

164.85%

$ 156,951

$ 119,166

$ 276,117

CET1

7.00%

14.78%

111.17%

$ 131,916

$ 119,166

$ 251,082

Tier 1 Risk Based Capital

8.50%

14.78%

73.90%

$ 106,488

$ 119,166

$ 225,654

Total Risk Based Capital

10.50%

15.96%

51.97%

$ 92,501

$ 119,166

$ 211,667

Dollars are in thousands

above assumes no cash dividends and is simply an illustration and should not be considered a projection or forward-looking guidance of any kind

DFAST = Dodd-Frank Act Stress Test

Excess capital to target ratio expressed in % is the difference between the actual ratio and regulatory minimum divided by the regulatory minimum

Excess capital to target ratio expressed in $ is the excess capital % multiplied by either average assets or risk-weighted assets, assuming a static balance sheet over the next 24 months

Trailing twelve months PPE of $59.6 million extrapolated over two years 17

Earnings-driven Capital Shock-absorption

Earnings Release: Q1 2026

Appendix

INCOME STATEMENT DATA

Total interest income $ 33,783 $ 32,816 $ 30,438 $ 128,758 $ 131,540 $ 121,544 $ 78,749 $ 56,289

BALANCE SHEET DATA

Cash and cash equivalents $ 246,701 $ 244,635 $ 240,570 $ 244,635 $ 234,196 $ 181,042 $ 109,115 $ 204,852

For the Three Months Ended For the Year Ended December 31

Mar 31, 2026

Dec 31, 2025

Mar 31, 2025

2025

2024

2023

2022

2021

(Do llars in thousands, except per share data)

Total interest expense

9,591

10,551

9,600

40,885

45,345

38,998

9,322

3,053

Total noninterest income

1,966

1,839

1,757

8,503

11,254

9,242

2,939

2,250

Provision for income taxes

3,375

3,377

13,696

14,656

8,948

9,619

7,755

Net income

12,006

10,784

10,336

43,069

45,698

28,275

29,638

23,159

Interest-bearing time deposits in other banks

3,735

10,457

12,947

10,457

6,719

17,679

5,474

3,237

Nonmarketable equity securities

1,158

1,165

1,318

1,165

1,283

1,209

1,202

Allowance for credit losses (1)

19,452

19,407

18,162

19,407

17,918

19,691

14,734

10,316

Interest-bearing deposits

1,334,580

1,359,417

1,223,768

1,359,417

1,202,213

1,109,042

989,891

850,766

Total deposits

1,671,381

1,700,833

1,551,290

1,700,833

1,515,471

1,591,391

1,431,400

1,217,471

Total shareholders' equity

259,821

250,995

221,660

250,995

213,213

170,326

144,100

127,408

SHARES OUTSTANDING AT END OF PERIOD

Earnings per share (basic)

$ 1.26

$ 1.14

$ 1.10

$ 4.56

$ 4.92

$ 3.09

$ 3.26

$ 2.56

Earnings per share (diluted)

1.25

1.12

1.08

4.50

4.84

3.05

3.22

2.55

Book value per share

27.29

26.52

23.46

26.52

22.71

18.52

15.78

14.04

Weighted average common shares outstanding-basic

9,491,075

9,454,366

9,421,534

9,444,105

9,290,051

9,161,565

9,101,523

9,056,117

Shares outstanding at end of period

9,519,335

9,462,656

9,448,237

9,462,656

9,390,211

9,197,696

9,131,973

9,071,417

BSVN adopted the CECL model (ASC326) on 1/1/2023 using the modified retrospective method. The presented allowance for periods prior to 1/1/2023 is under the incurred loss model (pre-ASC326)

Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to most comparable GAAP measure for this metric

Bank7 Corp. Financials

Earnings Release: Q1 2026

For the Three Months Ended For the Year Ended December 31

Mar 31, 2026

Dec 31, 2025

Mar 31, 2025

2025

2024

2023

2022

2021

(Dollars in thousands, except per share data)

RETURN ON AVERAGE(1)

Assets

2.56%

2.26%

2.41%

2.37%

2.65%

1.68%

2.02%

2.21%

Tangible common equity(3)

19.95

18.15

20.10

19.47

25.00

18.57

23.92

20.13

Shareholders' equity

19.02

17.28

19.20

18.51

23.78

17.46

22.13

26.41

Yield on earning assets

7.35

7.02

7.27

7.24

7.79

7.31

5.46

5.42

Yield on loans

8.03

7.65

7.92

8.56

8.35

6.51

6.16

Yield on loans excluding fees(3)

7.25

7.29

7.58

7.52

8.13

7.89

5.96

5.30

Cost of funds

2.37

2.56

2.58

2.59

2.98

2.57

0.70

0.33

Cost of int bearing deposits

2.94

3.16

3.26

3.25

3.98

3.60

1.05

0.48

Cost of total deposits

2.37

2.56

2.58

2.59

2.98

2.57

0.70

0.33

Net interest margin

5.27

4.76

4.98

4.94

5.11

4.97

4.82

5.12

Net interest margin excluding loan fees(3)

4.60

4.45

4.69

4.61

4.75

4.60

4.38

Noninterest expense to average assets

2.20

2.08

2.07

2.14

2.15

1.98

1.96

1.95

Efficiency ratio (2)

39.64

41.39

39.45

40.24

37.90

36.07

39.29

36.76

Loan to deposit ratio

95.36

94.45

91.78

94.45

92.21

85.51

88.89

84.47

Liquidity ratio

16.00

17.13

18.95

17.13

18.59

15.58

13.74

20.60

CREDIT QUALITY RATIOS

Nonperforming assets to total assets

0.48%

0.33%

0.35%

0.33%

0.43%

1.64%

1.13%

0.77%

Nonperforming assets to total loans and OREO

0.58

0.40

0.44

0.40

0.54

2.13

1.42

1.01

Nonperforming loans to total loans

0.58

0.40

0.41

0.40

0.51

2.13

1.42

1.01

Allowance for credit losses to nonperforming loans

209.75

300.42

308.04

300.42

249.94

67.98

81.95

99.37

Allowance for credit losses to total loans

1.22

1.21

1.28

1.21

1.28

1.45

1.16

1.00

Net charge-offs to average loans

(0.01)

(0.00)

(0.07)

(0.05)

0.13

1.26

0.01

0.39

CAPITAL RATIOS

Total shareholders' equity to total assets

13.36%

12.78%

12.41%

12.78%

12.25%

9.61%

9.10%

9.43%

Tangible equity to tangible assets (3)

12.81

12.25

11.82

12.25

11.78

9.13

8.52

8.75

Tier 1 leverage ratio (4)

13.24

12.82

12.39

12.82

12.18

9.50

9.18

10.55

Tier 1 risk-based capital ratio (4)

14.79

14.09

14.03

14.09

13.99

11.50

11.26

11.53

Total risk-based capital ratio (4)

15.96

15.25

15.22

12.75

12.42

12.54

Annualized

Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent basis and noninterest income

Represents a non-GAAP financial measure, see non-GAAP reconciliations table for reconciliation to the most comparable GAAP measure for this metric

Ratios are based on Bank level financial information rather than consolidated information. At March 31, 2026, Tier 1 leverage ratio, Tier 1 risk based capital 20

ratio, and total risk-based capital ratios were 13.24%, 14.78%, and 15.96% respectively for the Company

Bank7 Corp. Performance Ratios

Earnings Release: Q1 2026

TANGIBLE SHAREHOLDERS' EQUITY

Total shareholders equity $ 259,821 $ 250,995 $ 221,660 $ 250,995 $ 213,213 $ 170,326 $ 144,100 $ 127,408

LOAN INTEREST INCOME (Excluding loan fees):

Total loan interest income, including fees $ 31,613 $ 30,306 $ 27,324 $ 117,513 $ 119,416 $ 109,843 $ 74,403 $ 55,768

NET INTEREST MARGIN (Excluding loan fees):

Net interest income $ 24,192 $ 22,265 $ 20,838 $ 87,873 $ 86,195 $ 82,546 $ 69,427 $ 53,236

For the Three Months Ended For the Year Ended December 31

Mar 31, 2026

Dec 31, 2025

Mar 31, 2025

2025

2024

2023

2022

2021

(Do llars in thousands, except per share data)

Goodwill and other intangibles

(11,929)

(11,960)

(12,054)

(11,960)

(9,336)

(9,489)

(9,939)

(10,122)

Tangible shareholders' equity

247,892

239,035

209,606

239,035

203,877

160,837

134,161

117,286

TANGIBLE ASSETS

Total assets

$ 1,945,080

$ 1,963,640

$ 1,785,474

$ 1,963,640

$ 1,739,808

$ 1,771,666

$ 1,584,169

$ 1,350,549

Less: goodwill and other Intangibles

(11,929)

(11,960)

(12,054)

(11,960)

(9,336)

(9,489)

(9,939)

(10,122)

Tangible assets

1,933,151

1,951,680

1,773,420

1,951,680

1,730,472

1,762,177

1,574,230

1,340,427

AVERAGE TANGIBLE COMMON EQUITY

Average shareholders equity

$ 256,021

$ 247,661

$ 218,343

$ 232,739

$ 192,163

$ 161,936

$ 144,097

$ 117,053

Less: average goodwill and other Intangibles

(11,948)

(11,978)

(9,845)

(11,477)

(9,405)

(9,688)

(9,995)

(2,030)

End of period common shares outs tanding

9,519,335

9,462,656

9,448,237

9,462,656

9,390,211

9,197,696

9,131,973

9,071,417

Tangible book value per share

26.04

25.26

22.18

25.26

21.71

17.49

14.69

12.93

Tangible shareholders' equity to tangible assets

12.82%

12.25%

11.82%

12.25%

11.78%

9.13%

8.52%

8.75%

Loan fee income

(3,064)

(1,448)

(1,182)

(5,968)

(5,991)

(6,099)

(6,278)

(7,787)

Average total loans

$ 1,596,201

$ 1,570,814

$ 1,398,350

$ 1,483,112

$ 1,391,552

$ 1,315,578

$ 1,143,380

$ 905,804

Yield on loans (excluding loan fee income)

7.25%

7.29%

7.58%

7.52%

8.13%

7.89%

5.96%

5.30%

Loan fee income

(3,064)

(1,448)

(1,182)

(5,968)

(5,991)

(6,099)

(6,278)

(7,787)

Average earning assets

$ 1,862,847

$ 1,854,698

$ 1,698,129

$ 1,778,412

$ 1,683,058

$ 1,661,860

$ 1,441,140

$ 1,038,773

Net interest margin (excluding loan fee income)

4.60%

4.45%

4.69%

4.61%

4.75%

4.60%

4.38%

Non-GAAP Reconciliations

Earnings Release: Q1 2026

PRE-PROVISION PRE-TAX EARNINGS

Net Income $ 12,006 $ 10,784 $ 10,336 $ 43,069 $ 45,698 $ 28,275 $ 29,638 $ 23,159

ADJUSTED CORE

Net Income $ 12,006 $ 10,784 $ 10,336 $ 43,069 $ 45,698 $ 28,275 $ 29,638 $ 23,159

For the Three Months Ended For the Year Ended December 31

Mar 31, 2026

Dec 31, 2025

Mar 31, 2025

2025

2024

2023

2022

2021

(Dollars in thousands, except per share data)

Income Tax Expense

3,815

3,375

3,377

13,696

14,656

8,948

9,619

7,755

Add back: Provision for credit losses

700

21,145

4,468

4,175

Pre-provision pre-tax earnings

$ 15,821

$ 14,159

$ 13,713

$ 57,475

$ 60,360

$ 58,384

$ 43,852

$ 35,089

Back out: Oil and gas net income (loss)

261

470

2,714

868

Adjusted core net income

11,745

10,747

10,284

42,599

42,210

27,407

29,638

23,159

Pre-provision pre-tax earnings

15,821

14,159

13,713

57,475

60,360

58,384

43,852

35,089

Back out: One-time pre-tax interest income item

1,021

Adjusted core net income

11,745

10,747

10,284

42,599

42,210

27,407

29,638

23,159

Adjusted core earnings per share (diluted)

1.22

1.12

1.08

4.45

4.47

2.96

3.22

2.55

Adjusted core pre-provision pre-tax earnings 15,473 14,110 13,644 56,848 55,721 57,227 43,852 35,089

Non-GAAP Reconciliations -- Continued

Earnings Release: Q1 2026

Cash Flow Recap

(Do llars in thousands, except per share data)

OIL AND GAS ASSET INVESTMENT

Initial cash outlay (in Q4 2023) Gross cash receipts:

Q4 2023

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Cumulative gross cash receipts

% Recovered from initial cash outlay

(16,800)

2,195

2,678

1,949

2,085

1,365

1,089

1,157

861

728

588

14,695

87.47%

(Do llars in thousands, except per share data)

GAAP Results

OIL AND GAS ACTIVITY

Q1 2026

Q4 2025

Q1 2025

Gross revenues

917

$ 919

$ 1,182

Gross expenses(1)

569

870

1,113

Pre-tax net income

348

Net Income

261

$ 37

$ 52

Dollars in thousands 23

Includes depletion expense of $303, $472 and $677 for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively

Oil & Gas Asset Recap

Earnings Release: Q1 2026

Available-for-Sale Securities Portfolio

$10.95 / 21.0%

$5.70 / 10.9%

$5.59 / 10.7%

$5.15 / 9.9%

$0.01 / 0.0%

$24.75 / 47.5%

Dollars are in millions.

All mortgage-backed securities and collateralized mortgage obligations are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities. 24

Total investment securities of $52.1 million as of March 31, 2026

Investment Portfolio

Earnings Release: Q1 2026

This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking.

These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements.

Within this presentation, we reference certain market, industry and demographic data, forecasts and other statistical information. We have obtained this data, forecasts and information from various independent, third party industry sources and publications. Nothing in the data, forecasts or information used or derived from third party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of industry publications and surveys and independent sources. We believe that these sources and estimates are reliable, but have not independently verified them. Statements as to our market position are based on market data currently available to us. Although we are not aware of any misstatements regarding the economic, employment, industry and other market data presented herein, these estimates involve inherent risks and uncertainties and are based on assumptions that are subject to change.

This presentation includes certain non-GAAP financial measures. These non-GAAP financial should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Bank7 Corp.'s non-GAAP financial measures as tools for comparison. See the table in the appendix of this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures.

Legal Information and Distribution

Earnings Release: Q1 2026

Disclaimer

Bank7 Corp. published this content on April 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 14, 2026 at 12:11 UTC.