Bank7 Q1 FY26 pretax income rises 15.4% to $15.8 million
BANK7
BANK7 BSVN | 0.00 |
- Bank7 posted income before taxes of $15.8 million in Q1 2026, up 15.4% from a year earlier.
- Net interest income rose to $24.19 million, lifting net interest margin by 29 basis points to 5.27%.
- Noninterest expense climbed to $10.34 million, up 16.38%, while efficiency ratio widened to 39.64% from 39.45%.
- Total loans increased to $1.59 billion as of March 31, 2026, up 11.9% year over year, while deposits grew to $1.67 billion, up 7.7%.
- Management said it completed its objective to maximize loan-loss recovery tied to an oil and gas loan, with total cash recovery of $20.1 million exceeding the $16.5 million acquisition outlay by $3.7 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank7 Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-020594), on May 11, 2026, and is solely responsible for the information contained therein.
