Q3 FY2026
Filed Oct 15, 2026Bank7 Corp. Announces Q3 2026 Earnings
Sequential net income, diluted EPS, total assets, total loans, pre-provision pre-tax earnings and total interest income increased, while third-quarter net income, net interest income, noninterest income and net interest margin were below the prior-year quarter.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net income (three months ended September 30, 2026)GAAP | $10.20M | – | – |
| Net income (Q3 2026 sequential summary)GAAP | $10.2M | 22.25% | – |
| Net income (nine months ended September 30, 2026)GAAP | $30.55M | – | – |
| Earnings per common share - basic (three months ended September 30, 2026)GAAP | $1.07 | – | – |
| Earnings per common share - diluted (three months ended September 30, 2026)GAAP | $1.06 | – | – |
| Earnings per share (Q3 2026 sequential summary)GAAP | $1.06 | 21.84% | – |
| Earnings per common share - basic (nine months ended September 30, 2026)GAAP | $3.21 | – | – |
| Earnings per common share - diluted (nine months ended September 30, 2026)GAAP | $3.18 | – | – |
| Pre-provision pre-tax earnings (Q3 2026 sequential summary)non-GAAP | $13.62M | 23.65% | – |
| Total interest income (three months ended September 30, 2026)GAAP | $31.93M | – | – |
| Total interest income (Q3 2026 sequential summary)GAAP | $31.93M | 3.25% | – |
| Total interest income (nine months ended September 30, 2026)GAAP | $96.64M | – | – |
| Interest expense - deposits (three months ended September 30, 2026)GAAP | $9.63M | – | – |
| Interest expense - deposits (nine months ended September 30, 2026)GAAP | $28.24M | – | – |
| Net interest income (three months ended September 30, 2026)GAAP | $22.30M | – | – |
| Net interest income (nine months ended September 30, 2026)GAAP | $68.40M | – | – |
| Provision for credit losses (three months ended September 30, 2026)GAAP | - | – | – |
| Provision for credit losses (nine months ended September 30, 2026)GAAP | - | – | – |
| Net interest income after provision for credit losses (three months ended September 30, 2026)GAAP | $22.30M | – | – |
| Net interest income after provision for credit losses (nine months ended September 30, 2026)GAAP | $68.40M | – | – |
| Mortgage lending income (three months ended September 30, 2026)GAAP | $492K | – | – |
| Mortgage lending income (nine months ended September 30, 2026)GAAP | $1.34M | – | – |
| Loss on sales, prepayments, and calls of available-for-sale debt securities (three months ended September 30, 2026)GAAP | −$5K | – | – |
| Loss on sales, prepayments, and calls of available-for-sale debt securities (nine months ended September 30, 2026)GAAP | −$5K | – | – |
| Service charges on deposit accounts (three months ended September 30, 2026)GAAP | $235K | – | – |
| Service charges on deposit accounts (nine months ended September 30, 2026)GAAP | $699K | – | – |
| Other noninterest income (three months ended September 30, 2026)GAAP | $347K | – | – |
| Other noninterest income (nine months ended September 30, 2026)GAAP | $2M | – | – |
| Total noninterest income (three months ended September 30, 2026)GAAP | $1.07M | – | – |
| Total noninterest income (nine months ended September 30, 2026)GAAP | $4.04M | – | – |
| Total noninterest expense (three months ended September 30, 2026)GAAP | $9.76M | – | – |
| Total noninterest expense (nine months ended September 30, 2026)GAAP | $31.98M | – | – |
| Income before taxes (three months ended September 30, 2026)GAAP | $13.62M | – | – |
| Income before taxes (nine months ended September 30, 2026)GAAP | $40.45M | – | – |
| Income tax expense (three months ended September 30, 2026)GAAP | $3.41M | – | – |
| Income tax expense (nine months ended September 30, 2026)GAAP | $9.90M | – | – |
| Net interest margin (three months ended September 30, 2026)other | 4.77% | – | – |
| Net interest margin (nine months ended September 30, 2026)other | 4.95% | – | – |
| Net interest spread (three months ended September 30, 2026)other | 3.90% | – | – |
| Net interest spread (nine months ended September 30, 2026)other | 4.08% | – | – |
| Total assets (September 30, 2026)GAAP | $2.01B | 4.84% | – |
| Total loans (Q3 2026 sequential summary)other | $1.63B | 2.22% | – |
| Loans, net of allowance for credit losses (September 30, 2026)GAAP | $1.61B | – | – |
| Total deposits (September 30, 2026)GAAP | $1.72B | – | – |
| Comprehensive income (three months ended September 30, 2026)GAAP | $9.57M | – | – |
| Comprehensive income (nine months ended September 30, 2026)GAAP | $29.89M | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
What drove it
- Management cited growth in the loan book despite significant payoffs and a healthy pipeline of new loans.
- Mortgage lending income was $492 (Dollars in thousands) for the three months ended September 30, 2026, compared to $391 (Dollars in thousands) for the prior-year quarter.
- The Company recorded no provision for credit losses for the three months and nine months ended September 30, 2026.
- The Century Financial shareholders approved the merger, all regulatory approvals were received, and the merger is expected to close on November 1, 2026.
Concerns
- Net interest margin was 4.77% for the three months ended September 30, 2026, compared to 5.07% for the prior-year quarter.
- Total interest income was $31,932 (Dollars in thousands) for the three months ended September 30, 2026, compared to $33,717 (Dollars in thousands) for the prior-year quarter.
- Total noninterest income was $1,069 (Dollars in thousands) for the three months ended September 30, 2026, compared to $2,210 (Dollars in thousands) for the prior-year quarter.
- Other noninterest income was $347 (Dollars in thousands) for the three months ended September 30, 2026, compared to $1,581 (Dollars in thousands) for the prior-year quarter.
- Total noninterest expense was $31,985 (Dollars in thousands) for the nine months ended September 30, 2026, compared to $28,964 (Dollars in thousands) for the prior-year period.
What to watch
- Expected November 1, 2026 closing of the Century merger and management’s stated plan to leverage Century’s core deposits.
- The net interest margin following the 4.77% reported for the three months ended September 30, 2026.
- Loan growth and the stated pipeline of new loans following significant payoffs.
- Credit performance and any future provision for credit losses after no provision was recorded for the three and nine months ended September 30, 2026.
Balance sheet and cash flow
- Cash and due from banks: $277,176 (Dollars in thousands) at September 30, 2026; $244,635 (Dollars in thousands) at December 31, 2025.
- Available-for-sale debt securities: $47,539 (Dollars in thousands) at September 30, 2026; $54,019 (Dollars in thousands) at December 31, 2025.
- Loans held for sale: $2,677 (Dollars in thousands) at September 30, 2026; $2,078 (Dollars in thousands) at December 31, 2025.
- Allowance for credit losses: $19,367 at September 30, 2026; $19,407 at December 31, 2025.
- Noninterest-bearing deposits: $328,111 (Dollars in thousands) at September 30, 2026; $341,416 (Dollars in thousands) at December 31, 2025.
- Interest-bearing deposits: $1,392,947 (Dollars in thousands) at September 30, 2026; $1,359,417 (Dollars in thousands) at December 31, 2025.
- Total shareholders’ equity: $273,725 (Dollars in thousands) at September 30, 2026; $250,995 (Dollars in thousands) at December 31, 2025.
- Company Tier 1 leverage ratio: 14.12% on September 30, 2026.
- Company Tier 1 risk-based capital ratio: 15.17% on September 30, 2026.
- Company total risk-based capital ratio: 16.30% on September 30, 2026.
Analysis
Bank7 reported sequential improvement in Q3 2026. Net income was $10.20 million versus $8.35 million in Q2, while earnings per share increased to $1.06 from $0.87. Pre-provision pre-tax earnings rose to $13.62 million from $11.02 million, and total interest income increased to $31.93 million from $30.93 million. Total assets increased to $2.01 billion from $1.91 billion, and total loans increased to $1.63 billion from $1.60 billion.
The year-over-year comparison was less favorable in several earnings lines. Third-quarter net income was $10,203 (Dollars in thousands), compared with $10,844 (Dollars in thousands) in the prior-year quarter. Total interest income was $31,932 (Dollars in thousands), compared with $33,717 (Dollars in thousands), and net interest income was $22,301 (Dollars in thousands), compared with $23,026 (Dollars in thousands). Net interest margin was 4.77%, compared with 5.07%, while net interest spread was 3.90%, compared with 4.10%.
Noninterest income was a principal year-over-year pressure point. Total noninterest income was $1,069 (Dollars in thousands), down from $2,210 (Dollars in thousands), with other noninterest income at $347 (Dollars in thousands), compared with $1,581 (Dollars in thousands). Mortgage lending income improved to $492 (Dollars in thousands) from $391 (Dollars in thousands). Total noninterest expense declined in the quarter to $9,755 (Dollars in thousands) from $10,350 (Dollars in thousands), although nine-month noninterest expense increased to $31,985 (Dollars in thousands) from $28,964 (Dollars in thousands).
Credit costs remained favorable, with no provision for credit losses reported for either the three or nine months ended September 30, 2026. The balance sheet showed $1,721,058 (Dollars in thousands) of total deposits and $273,725 (Dollars in thousands) of total shareholders’ equity. The Company reported Tier 1 leverage, Tier 1 risk-based capital and total risk-based capital ratios of 14.12%, 15.17% and 16.30%, respectively, on a consolidated basis.
Management expects the Century merger to close on November 1, 2026, following regulatory approvals and Century Financial shareholder approval. Management stated that the merger will extend the franchise into New Mexico and allow the Company to leverage Century’s core deposits. The release did not provide quantitative financial guidance, dividends, share repurchases, operating cash flow or free cash flow.
Management, verbatim
We are pleased with another quarter of strong core results, including growth in the loan book despite significant payoffs, while also maintaining a healthy pipeline of new loans.
Thomas L. Travis, President and CEO of the Company
The Company continues to benefit from high capital levels, robust liquidity, a strong net interest margin, and excellent credit quality, supported by our properly matched balance sheet and our position in dynamic markets.
Thomas L. Travis, President and CEO of the Company
Regarding the Century merger, we are pleased to report that in addition to receiving all regulatory approvals, the Century Financial shareholders have approved the merger, which is expected to close on November 1, 2026.
Thomas L. Travis, President and CEO of the Company
Not in the filing
stated, not guessed- Quantitative forward financial guidance.
- Previous-release outlook for comparison.
- Gross margin.
- Operating cash flow.
- Free cash flow.
- Share repurchases.
- Dividends.
- Debt balances.
- Quarterly segment revenue.
- Detailed quarter-over-quarter comparisons for most income-statement line items.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.