Bank7 reports Q2 EPS $1.23, consensus $1.04

Reports Q2 NII $21.23M, consensus $22.86M. 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, 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. “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 Travis, CEO.