Strong Earnings and Capital Levels
Bank7 Corp reported continued strong earnings that rapidly add to their already high levels of capital. They operate without debt while maintaining strong liquidity, and their credit book remains strong with good asset quality.
Loan Growth Surpasses Expectations
The company experienced positive loan growth, particularly in the hospitality and C&I sectors. Despite macroeconomic uncertainties, they enter the second quarter with a strong deal flow and backlog.
Net Interest Margin Stability
Bank7 Corp successfully maintained its net interest margin at 4.60%, attributed to core deposit growth and reduced cost of funds from 2.70% to 2.58%.
Improvement in Non-Performing Assets
The company saw a decrease in non-performing assets for the first quarter, indicating a clean credit book with very low past dues based on historical levels.