
Overview
Bank7 Q2 net income rises 7.44% to $11.1 mln
Earnings per share increases 7.41% to $1.16
Total loans grow 5.17% to $1.5 bln
Outlook
Company emphasizes resilience in dynamic geographic markets
Result Drivers
ORGANIC LOAN GROWTH - Bank7 reports strong organic loan growth, contributing to a 5.17% increase in total loans to $1.5 billion
CORE DEPOSITS - Significant increases in core deposits and transaction accounts underscore robust liquidity, per CEO Thomas L. Travis
CAPITAL RATIOS - Bank7 maintains strong capital ratios, well above regulatory requirements, supporting its well-capitalized status
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $1.16 |
|
Q2 Net Income |
| $11.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Bank7 Corp is $47.00, about 3% above its July 16 closing price of $45.58
Press Release: ID:nPn4m6gJka