Bank7 Corp. ( (BSVN) ) has released its Q4 earnings. Here is a breakdown of the information Bank7 Corp. presented to its investors.
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Bank7 Corp., a bank holding company headquartered in Oklahoma City, operates twelve locations across Oklahoma, Texas, and Kansas, focusing on providing loan and deposit products to business owners and entrepreneurs.
Bank7 Corp. has announced record annual financial results for 2024, marking significant achievements in net income, PPE, and earnings per share, driven by a strong balance sheet, cost controls, and credit quality.
The company reported a net income of $45.7 million for 2024, a 61.62% increase from the previous year, and earnings per share rose to $4.84, up by 58.69%. Despite a slight decrease in total assets, total loans and interest income saw modest growth. Bank7 Corp. maintains capital levels well above regulatory requirements, ensuring its stability and capacity for growth.
Looking ahead, Bank7 Corp. aims to continue its organic growth strategy while exploring strategic acquisitions, supported by its robust financial position and strong performance metrics.
