Bank7 (BSVN) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 net income of $12.01 million and EPS of $1.25, up over 16% and 15.7% year-over-year, respectively, with no share repurchases.

• Pre-provision pre-tax earnings reached $15.82 million, up 15.4% year-over-year.

• Total loans reached $1.59 billion, up 11.9% year-over-year; total deposits were $1.67 billion, up 7.7% year-over-year.

• Efficiency ratio for Q1 2026 was 39.64%, nearly flat year-over-year.

• Maintained strong asset quality with net recoveries, low nonperforming assets, and a highly liquid, well-capitalized balance sheet.

Financial highlights

• Net interest margin improved to 5.27% from 4.98% year-over-year, with core NIM modeled in the 4.40%-4.45% range.

• Net income for Q1 2026 was $12.0 million, up 16.2% year-over-year.

• Total assets at $1.95 billion, up 8.9% year-over-year.

• Noninterest income reached $1.97 million, with mortgage lending income at $375,000.

• Expense guidance for Q2 projected at $9M-$9.25M; non-interest income expected between $750K-$850K.

Outlook and guidance

• Management expects moderate single-digit loan growth for the year, with new bookings offsetting payoffs.

• Core NIM and non-interest income/expenses projected to remain within guided ranges for Q2.

• Management highlights abundant liquidity, robust capital, and a disciplined credit culture, positioning for strong performance through various rate cycles.

• Management intends to continue organic growth and pursue strategic acquisitions.