8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

October 26, 2022

Bank7 Corp.

(Exact name of registrant as specified in its charter)

Oklahoma	001-38656	20-0764349
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1039 N.W. 63rd Street, Oklahoma City, Oklahoma 73116

(Address of principal executive offices) (Zip Code)

(405) 810-8600

 (Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	BSVN	The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure

On October 26, 2022, Bank7 Corp. (the “Company”), the holding company for Bank7, issued a press release announcing its results of operation and financial condition for the quarter ended September 30, 2022.  A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The Company is conducting a conference call on October 26, 2022 at 9:00 am CST to discuss its third quarter financial results. A copy of the presentation slides to be used during the earnings call is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibits are filed herewith:

Item	Description
99.1	Press Release dated October 26, 2022
99.2	Third Quarter 2022 Investor Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANK7 CORP.
Date: October 26, 2022	By:	/s/   Kelly J. Harris
		Kelly J. Harris
		Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q3 2022 Earnings

Oklahoma City, October 26, 2022 – Bank7 Corp. (NASDAQ: BSVN) (“the Company”), the parent company of Oklahoma City-based Bank7 (the “Bank”), today reported unaudited results for the fiscal quarter ended September 30, 2022.  “We are pleased to announce another excellent quarter, as evidenced by the Company’s record net income and earnings per share. In addition to our talented bankers, our position in dynamic geographic markets, strong loan growth, and asset sensitive balance sheet, continues to produce outstanding results.  Moving forward, we are focused on maintaining such results through organic growth and strategic acquisitions,” said Thomas L. Travis, President and CEO of the Company. 

Three months ended September 30, 2022 compared to three months ended June 30, 2022

- Net income of $8.04 million compared to $7.02 million, an increase of 14.48%

- Diluted earnings per share of $0.87 compared to $0.76, an increase of 14.47%

- Total assets of $1.58 billion compared to $1.49 billion, an increase of 6.28%

- Total loans of $1.23 billion compared to $1.15 billion, an increase of 7.01%

- PPE of $12.76 million compared to $9.53 million, an increase of 34.15%

- Total interest income of $21.69 million compared to $16.67 million, an increase of 30.10%

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 September 30, 2022, the Bank’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.04%, and 12.10%, respectively.  On September 30, 2022, on a consolidated basis, the Company’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.03%, and 12.09%, respectively.  Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators.

Bank7 Corp.

Consolidated Balance Sheets

Assets	September 30, 2022(unaudited)			December 31, 2021
Cash and due from banks	$	147,241		$	195,359
Federal funds sold		-			9,493
Cash and cash equivalents		147,241			204,852
Interest-bearing time deposits in other banks		1,494			3,237
Available-for-sale debt securities		174,534			84,808
Loans, net of allowance for loan losses of $13,153 and $10,316 at September 30, 2022 and December 31, 2021, respectively		1,219,998			1,018,085
Loans held for sale, at fair value		204			464
Premises and equipment, net		13,352			17,257
Nonmarketable equity securities		1,193			1,202
Core deposit intangibles		1,412			1,643
Goodwill		8,068			8,479
Interest receivable and other assets		13,456			10,522
Total assets	$	1,580,952		$	1,350,549
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing	$	497,768		$	366,705
Interest-bearing		939,568			850,766
Total deposits		1,437,336			1,217,471
Income taxes payable		446			-
Interest payable and other liabilities		7,351			5,670
Total liabilities		1,445,133			1,223,141
Shareholders’ equity
Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,115,739 and 9,071,417 at September 30, 2022 and December 31, 2021 respectively		91			91
Additional paid-in capital		95,054			94,024
Retained earnings		51,123			33,149
Accumulated other comprehensive income (loss)		(10,449	)		144
Total shareholders’ equity		135,819			127,408
Total liabilities and shareholders’ equity	$	1,580,952		$	1,350,549

	Three months endedSeptember 30,(unaudited)					Nine months endedSeptember 30,(unaudited)
	2022			2021		2022			2021
Interest Income
Loans, including fees	$	20,466		$	13,927	$	50,597		$	41,377
Interest-bearing time deposits in other banks		10			35		39			141
Debt securities, taxable		690			-		1,625			-
Debt securities, tax-exempt		90			-		273			-
Other interest and dividend income		435			46		754			114
Total interest income		21,691			14,008		53,288			41,632
Interest Expense
Deposits		2,646			729		4,241			2,376
Total interest expense		2,646			729		4,241			2,376
Net Interest Income		19,045			13,279		49,047			39,256
Provision for Loan Losses		2,348			750		2,843			3,325
Net Interest Income After Provision for Loan Losses		16,697			12,529		46,204			35,931
Noninterest Income
Secondary market income		134			161		395			253
Gain (Loss) on sales, maturities, prepayments and calls of available-for-sale debt securities		(10	)		-		(127	)		-
Service charges on deposit accounts		210			141		678			380
Other		506			275		1,261			860
Total noninterest income		840			577		2,207			1,493
Noninterest Expense
Salaries and employee benefits		3,996			2,946		12,148			8,685
Furniture and equipment		390			218		1,134			651
Occupancy		614			461		1,736			1,391
Data and item processing		522			292		1,468			857
Accounting, marketing and legal fees		340			150		782			447
Regulatory assessments		551			162		973			464
Advertsing and public relations		83			76		314			181
Travel, lodging and entertainment		94			102		216			309
Other		543			372		1,745			1,213
Total noninterest expense		7,133			4,779		20,516			14,198
Income Before Taxes		10,404			8,327		27,895			23,226
Income tax expense		2,363			2,063		6,646			5,753
Net Income	$	8,041		$	6,264	$	21,249		$	17,473
Earnings per common share - basic	$	0.88		$	0.69	$	2.34		$	1.93
Earnings per common share - diluted		0.87			0.69		2.31			1.92
Weighted average common shares outstanding - basic		9,100,789			9,052,718		9,095,724			9,051,112
Weighted average common shares outstanding - diluted		9,208,850			9,105,255		9,194,586			9,078,671
Other Comprehensive Income (Loss)
Unrealized losses on securities, net of tax benefit of $1.7 million and $0 for the three months ended September 30, 2022 and 2021, respectively; $3.2 million and $0 for the nine months ended September 30, 2022 and 2021, respectively	$	(2,674	)	$	-	$	(10,691	)	$	-
Reclassification adjustment for realized (gain)loss included in net income, net of tax of $2 and $0 for the three months ended September 30, 2022 and 2021, respectively; $29 and $0 for the nine months ended September 30, 2022 and 2021, respectively		8			-		98			-
Other comprehensive loss, net of tax benefit of $1.7 million and $0 for the three months ended September 30, 2022 and 2021, respectively; $3.2 million and $0 for the nine months ended September 30, 2022 and 2021, respectively	$	(2,666	)	$	-	$	(10,593	)	$	-
Comprehensive Income (Loss)	$	5,375		$	6,264	$	10,656		$	17,473

	Net Interest Margin
	For the Nine Months Ended September 30,
	2022(unaudited)							2021
	AverageBalance		InterestIncome/Expense		AverageYield/Rate			AverageBalance		InterestIncome/Expense		AverageYield/Rate
	(Dollars in thousands)
Interest-Earning Assets:
Short-term investments	$	139,133	$	793		0.76	%	$	124,801	$	236		0.25	%
Investment securities, taxable		150,180		1,625		1.45			1,182		19		2.15
Debt securities, tax exempt		14,820		273		2.46			-		-		-
Loans held for sale		686		-		-			501		-		-
Total loans(1)		1,103,114		50,597		6.13			887,353		41,377		6.23
Total interest-earning assets		1,407,933		53,288		5.06			1,013,837		41,632		5.49
Noninterest-earning assets		24,069							5,927
Total assets	$	1,432,002						$	1,019,764
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts	$	699,670		3,351		0.64	%	$	410,299		1,024		0.33	%
Time deposits		168,608		890		0.71			212,706		1,352		0.85
Total interest-bearing deposits		868,278		4,241		0.65			623,005		2,376		0.51
Total interest-bearing liabilities		868,278		4,241		0.65			623,005		2,376		0.51
Noninterest-bearing liabilities:
Noninterest-bearing deposits		424,720							277,308
Other noninterest-bearing liabilities		7,128							5,634
Total noninterest-bearing liabilities		431,848							282,942
Shareholders’ equity		131,876							113,817
Total liabilities and shareholders’ equity	$	1,432,002						$	1,019,764
Net interest income			$	49,047						$	39,256
Net interest spread						4.41	%						4.98	%
Net interest margin						4.66	%						5.18	%

(1) Nonaccrual loans are included in total loans

	For the Three Months Ended September 30,
	2022(unaudited)							2021
	AverageBalance		InterestIncome/Expense		AverageYield/Rate			AverageBalance		InterestIncome/Expense		AverageYield/Rate
	(Dollars in thousands)
Interest-Earning Assets:
Short-term investments	$	99,751	$	445		1.77	%	$	120,078	$	79		0.26	%
Debt securities, taxable-equivalent		163,699		690		1.67			1,187		2		0.67
Debt securities, tax exempt		21,811		90		1.64			-		-		-
Loans held for sale		1,281		-		-			610		-		-
Total loans(1)		1,213,080		20,466		6.69			924,391		13,927		5.98
Total interest-earning assets		1,499,622		21,691		5.74			1,046,266		14,008		5.31
Noninterest-earning assets		23,197							5,607
Total assets	$	1,522,819						$	1,051,873
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts	$	761,927		2,338		1.22	%	$	401,843		332		0.33	%
Time deposits		152,910		308		0.80			220,189		397		0.72
Total interest-bearing deposits		914,837		2,646		1.15			622,032		729		0.46
Total interest-bearing liabilities	$	914,837		2,646		1.15		$	622,032		729		0.46
Noninterest-bearing liabilities:
Noninterest-bearing deposits	$	463,882						$	304,063
Other noninterest-bearing liabilities		8,132							6,633
Total noninterest-bearing liabilities		472,014							310,696
Shareholders’ equity		135,968							119,145
Total liabilities and shareholders’ equity	$	1,522,819						$	1,051,873
Net interest income			$	19,045						$	13,279
Net interest spread						4.99	%						4.85	%
Net interest margin						5.04	%						5.04	%

(1) Nonaccrual loans are included in total loans

About Bank7 Corp.

We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions.

Conference Call

Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Wednesday, October 26, 2022 at 9:00 a.m. central standard time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at https://app.webinar.net/N4zQYGV2vjL. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/N4zQYGV2vjL shortly after the call for 1 year.

Cautionary Statements Regarding Forward-Looking Information

This communication contains a number of forward-looking statements. 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.

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 impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators.  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.

Contact:

Thomas Travis

President & CEO

(405) 810-8600

EX-99.2

Exhibit 99.2

 BSVN  Q3 2022  EARNINGS RELEASE  October 26, 2022 

 1  BSVN – Corporate Overview  All data as of September 30, 2022, unless indicated otherwise  (1) Core loans is a non-GAAP financial measure and is defined as total loans less PPP loans of $2.6, $9.9, and $27.3 million for September 30, 2022, June 30, 2022, and September 30,2021, respectively  Positioned in dynamic markets, with a commercial banking emphasis delivering services via a branch-lite model  Experienced and talented bankers focused on high-touch personalized service, targeting entrepreneurs and their commercial banking needs  Disciplined credit culture that adheres to a robust risk management framework resulting in excellent credit quality and a history of low loan losses  Shareholder alignment due to 58% insider ownership   Continued focus on organic growth in our geographic footprint, while pursuing strategic acquisitions  Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States  YoY Change 

 2  Q3 Overview  All data as of September 30,2022, unless indicated otherwise  Core loans is a non-GAAP financial measure and is defined as total loans less PPP loans of $2.6 million  Strong Organic Loan Growth  Core loans increased by $88.11 million or 7.71% compared to Q2 – our bankers continue to perform at a high level and we benefit from being located in a dynamic part of the country   Net Interest Margin Consistency  Net interest margin, excluding loan fee income, increased 56 bps or 13.74% in Q3 – attributable to strong loan growth and our asset sensitive balance sheet  Strong Capital and Liquidity  Record PPE, Net Income, and EPS   Tier 1 Leverage: 9.01%   CET 1 Capital: 11.03%   Total Capital: 12.09%  Liquidity: 21.13%  (1) 

 3  Exceptional Earnings & Capital Growth – Four Years Post IPO  Tangible Book Value Per Share  Dollars are in thousands, except for per share data   Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  CAGR since 2018: 17.2%  Diluted Earnings Per Share  (1)  Pro Forma  14.5% increase  Consistently strong earnings increased our TBV despite three factors:  $0.85 per share paid for our all-cash acquisition in Q4 2021  $1.12 per share AOCI unrealized loss from investments  $1.82 per share paid in cash dividends  $ 0.81  Record EPS of $0.87, a 14.47% increase from Q2 - further illustrating the strength of our earnings growth 

 2.51%  Pro Forma  Pro Forma  Reliable Top Performer  Return on Average Assets (1)(2)  Return on Average Tangible Common Equity (1) (2)  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, June 30, and September 30, 2022  Profitability metrics are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods   Pro Forma YTD ROAA, ROATCE and efficiency ratio are non-GAAP financial measures, see Appendix for reconciliation to the most comparable GAAP measures for these metrics  Efficiency Ratio (2)  ROATCE was 25.49% for Q3, an 8.46% increase compared to Q2  As expected, our Q4 2021 acquisition of Cornerstone Bank caused a temporary decline in our ROAA and a slight increase in our efficiency ratio. Both metrics continued improving to historical ranges during Q3  4  38.3%  20.9%  Pro Forma  5 - year average: 22.0%  5 - year average: 2.33%  5 - year average: 37.06% 

 CAGR Since 2014: 23.1%  5  Total Assets  Strategic Growth in Dynamic Markets  2015  LPO opened in Irving, TX  2019  LPO opened in Tulsa, OK, full service branch opened in Frisco, TX  2020  Full service branch opened in Tulsa, OK   2017  Full service branch opened in Irving, TX  2014  Kansas acquisition  2018  Completed IPO  2021  Oklahoma acquisition  Dollars are in millions 

 CAGR Since 2017: 18.0%  Loan Portfolio Trends – Selected Categories  6  Broad & Deep Loan Growth  Dollars are in millions 

 CAGR since 2017: 18.2%  7  Historical Deposit Growth  Deposit Growth & Composition  Year-to-date total deposits have increased $219.9 million or 18.06%   Proven ability to grow demand deposits the right way, in core and noninterest bearing accounts  Deposit Composition  Dollars are in millions 

 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, June 30, and September 30, 2022  Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period. See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  Pro Forma noninterest expense to average assets in a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  34.15% increase QoQ  Robust and Consistent PPE Growth  PPE(1)  8  $26.8  Pro Forma  Record PPE of $12.76 million, an increase of $3.25 million or 34.15% compared to Q2  Strong PPE growth was driven by:  Rising rates and an asset sensitive balance sheet  Continued loan growth  Disciplined pricing  We scale and achieve maximum productivity by:  Utilizing a branch-lite model  Hiring fewer but better FTEs  Efficient delivery systems and strict adherence to process  Maximizing Our Employee Base(1)   3.56%  Actual  Pro Forma 

 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, June 30, and September 30, 2022  Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period. See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure  Pro Forma noninterest expense to average assets in a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure  34.15% increase QoQ  Robust and Consistent PPE Growth  PPE(1)  8  $26.8  Pro Forma  Record PPE of $12.76 million, an increase of $3.25 million or 34.15% compared to Q2  Strong PPE growth was driven by:  Rising rates and an asset sensitive balance sheet  Continued loan growth  Disciplined pricing  We scale and achieve maximum productivity by:  Utilizing a branch-lite model  Hiring fewer but better FTEs  Efficient delivery systems and strict adherence to process  Maximizing Our Employee Base(1)   3.56%  Actual  Pro Forma 

 Well Positioned for a Rising Rate Environment  Loan Portfolio Repricing Reinforces Benefit of Asset Sensitivity  Dollars are in millions  Financial data is as of or for the six months ended September 30, 2022  Fixed rate loans are defined as loans that reprice > than 1 year   9  ($828.4mm are daily floaters) 

 Consistent Net Interest Margin  Financial data is as of or for the three months ended March 31, June 30, and September 30, 2022 and as of or for the twelve months ended of each respective year  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  Net Interest Margin  Due to our asset sensitive balance sheet and strong loan growth, net interest margin continues to show strength  10 

 Loan Portfolio Distribution  Dollars are in millions. Data as of September 30, 2022  Gross Loan Portfolio Composition by Purpose Type  11 

 Hospitality Loan Portfolio Detail  12  Hotel Portfolio Exposure by Class  Blue collar portfolio that is well-protected by the “cycle-down” effect of a recession   Geographically concentrated in TX (86%) 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  Consistent underwriting fundamentals with disciplined equity requirements, debt coverage ratio requirements, personal recourse, and rapid amortization  Portfolio Metrics – 39 Operating Properties  (1)  Hotel Portfolio Exposure by Location  Dollars are in millions except per room data. Data as of September 30, 2022.  (1) Seven properties under construction are excluded from operating property count 

 13  Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1)  Dollars are in thousands  The 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 $39.4 million extrapolated over two years  Earnings-driven Capital Shock-absorption 

 Appendix 

 15  Bank7 Corp. Financials  Net income and earnings per share are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective tax periods; EPS calculation is based on diluted shares and combined federal and state effective tax rate for the three months ended September 30, and June 30, 2022 of 22.7% and 24.5%, respectively  Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to most comparable GAAP measure for this metric  All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation and related tax impact from net income. See detail and reconciliation on slide 19 of this presentation 

 16  Bank7 Corp. Performance Ratios  Return on average assets and shareholder’s equity are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods  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 September 30, 2022, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.01%, 11.03%, and 12.09% respectively for the Company  All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation expense and related tax impact from net income. See detail and reconciliation on slide 19 of this presentation 

 17  Non-GAAP Reconciliations 

 Investment Portfolio  Available-for-Sale Securities Portfolio  Dollars are in millions.  All of our mortgage-backed securities and collateralized mortgage obligations are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities.  Total investment securities of $175 million as of September 30, 2022  18  Weighted Average Duration : 3.2 Years  Book Yield: 1.74%  (1) 

 19  2019 Pro Forma Net Income Reconciliation   On September 5, 2019, our largest shareholders, the Haines Family Trusts, contributed approximately 6.5% of their shares (656,925 shares) to the Company.  Subsequently, the Company immediately issued those shares to certain executive officers, which was charged as compensation expense of $11.8 million, including payroll taxes, through the income statement of the Company. Additionally, at the discretion of the employees receiving shares to assist in paying tax withholdings, 149,425 shares were withheld and subsequently canceled, resulting in a charge to retained earnings of $2.6 million. 

 20  Legal Information and Disclaimer  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 impact of COVID-19 on the United States economy and our operations, 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, including pro forma net income, tax-adjusted net income, tax-adjusted earnings per share, tax-adjusted return on average assets and tax-adjusted return on average shareholders’ equity. These non-GAAP financial measures and any other non-GAAP financial measures that we discuss in this presentation 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. 

XML

Document and Entity Information	Oct. 26, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 26, 2022
Entity File Number	001-38656
Entity Registrant Name	Bank7 Corp.
Entity Central Index Key	0001746129
Entity Incorporation, State or Country Code	OK
Entity Tax Identification Number	20-0764349
Entity Address, Address Line One	1039 N.W. 63rd Street
Entity Address, City or Town	Oklahoma City
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	73116
City Area Code	405
Local Phone Number	810-8600
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	BSVN
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false