Bank7 Corp.

Previous wording

We reported total loans of $1.59 billion asof March 31, 2026, an increase of $170.1 million, or 11.9%, from March 31, 2025. Total deposits were $1.67 billion as of March 31, 2026, an increase of $120.1 million, or 7.7%, from March 31, 2025.

Current wording

We reported total loans of $1.60 billion asof June 30, 2026, an increase of $100.0 million, or 6.7%, from June 30, 2025. Total deposits were $1.64 billion as of June 30, 2026, an increase of $43.7 million, or 2.7%, from June 30, 2025.

Previous wording

Income before taxes was $15.8 million, an increase of $2.1 million, or 15.4%, for the three months ended March 31, 2026 as compared to income before taxes of $13.7 million for the same periodin 2025.

Current wording

Income before taxes was $11.0 million, a decrease of $3.7 million, or 25.1%, for the three months ended June 30, 2026 as compared to income before taxes of $14.7 million for the same periodin 2025. Income before taxes was $26.8 million, a decrease of $1.6 million, or 5.6%, for the six months ended June 30, 2026 as compared to income before taxes of $28.4 million for the same periodin 2025.

Previous wording

Pre-tax return on average assets and return on average equity was 3.37% and 25.06%, respectively for the three months ended March 31, 2026, as compared to 3.20% and 25.47%, respectively, for the same periodin 2025. Our efficiency ratio for the three months ended March 31, 2026 was 39.64% as compared to 39.45% for the same period in 2025.

Current wording

Pre-tax return on average assets and return on average equity was 2.37% and 16.76%, respectively for the three months ended June 30, 2026, as compared to 3.27% and 25.99%, respectively, for the same periodin 2025. Pre-tax return on average assets and return on average equity was 2.87% and 20.83%, respectively for the six months ended June 30, 2026, as compared to 3.24% and 25.74%, respectively, for the same periodin 2025. Our efficiency ratio for the three months ended June 30, 2026 was 52.05% as compared to 39.95% for the same period in 2025. Our efficiency ratio for the six months ended June 30, 2026 was 45.18% as compared to 39.44% for the same period in 2025. The increases in the efficiency ratios for the 2026 periods were primarily driven by the disposition of the Company’s oil and gas assets in the second quarter, which resulted in a $2.1 million pre-tax loss recorded in noninterest expense and a corresponding reduction in oil and gas related noninterest income.

Previous wording

Regarding the subsequent event item mentioned in Note 1 herein, management has successfully completed its objective to maximize the loan loss recovery related to an oil and gas loan. To refresh memories, in the fourth quarter of 2023 management expended $16.5 million to acquire certain oil and gas assets. On a cash basis, prior to the second quarter 2026 the Company had received cash proceeds from oil and gas sales of $14.9 million, and when that is combined with the second quarter sale proceeds of $5.2 million, the total cash recovery of $20.1 million exceeds the $16.5 million cash outlay by $3.7 million. Over the holding period from fourth quarter of 2023 through first quarter of 2026, these assets generated cumulative pre-tax net income of approximately $5.8 million, which we believe is the most directly comparable GAAP measure to the non-GAAP cash summary presented below.

Current wording

During the second quarter of 2026, management successfully completed its objective to maximize the loan loss recovery related to an oil and gas loan. To refresh memories, in the fourth quarter of 2023, management expended $16.5 million to acquire certain oil and gas assets. Over the holding period, the Company received cash proceeds from oil and gas sales of $15.0 million, and when that is combined with the final second quarter sale proceeds of $5.2 million, the total cash recovery of $20.2 million exceeds the initial $16.5 million cash outlay by $3.7 million. Over the holding period from the fourth quarter of 2023 through the disposition in the second quarter of 2026, these assets generated cumulative pre-tax net income of approximately $3.7 million (which includes the $2.1 million non-cash loss on sale recognized in the second quarter), which we believe is the most directly comparable GAAP measure to the non-GAAP cash summary presented below.

Previous wording

For the first quarter of 2026 compared to the first quarter of 2025:

Current wording

For the second quarter of 2026 compared to the second quarter of 2025:

Previous wording

For the three months ended March 31, 2026 compared to the three months ended March 31, 2025, there was no provision for credit losses.

Current wording

There was no provision for credit losses for three and six months ended June 30, 2026 and June 30, 2025.

Previous wording

For the three months ended March 31, 2026, and 2025, all of our income before income taxes was generated from domestic operations. We do not currently have exposure to foreign tax jurisdictions; as such, our jurisdictional tax mix remains concentrated within the United States and specific state jurisdictions, primarily Oklahoma.

Current wording

For the three and six months ended June 30, 2026, and 2025, all of our income before income taxes was generated from domestic operations. We do not currently have exposure to foreign tax jurisdictions; as such, our jurisdictional tax mix remains concentrated within the United States and specific state jurisdictions, primarily Oklahoma.

Previous wording

Our provision for income taxes was $3.8 million for the three months ended March 31, 2026, compared to $3.4 million for 2025. This resulted in an effective tax rate of 24.11% in 2026, compared to 24.63% in 2025. The effective tax rate differs from the U.S. federal statutory rate of 21% primarily due to the effect of state income taxes (net of federal benefit) and nondeductible expenses. The year-over-year rate change was primarily driven by the impact of Oklahoma state taxes and certain nondeductible reconciling items. Cash taxes paid was $0 for the three months ended March 31, 2026, and March 31, 2025, reflecting our domestic jurisdictional profile and the timing of estimated tax payments.

Current wording

Our provision for income taxes was $2.7 million for the three months ended June 30, 2026, compared to $3.6 million for same period in 2025. This resulted in an effective tax rate of 24.23% in 2026, compared to 24.49% in 2025. The effective tax rate differs from the U.S. federal statutory rate of 21% primarily due to the effect of state income taxes (net of federal benefit) and nondeductible expenses. The year-over-year rate change was primarily driven by the impact of Oklahoma state taxes and certain nondeductible reconciling items. Cash taxes paid for the three months ended June 30, 2026 and 2025 totaled $6.1 million and $7.2 million, respectively, reflecting our domestic jurisdictional profile and the timing of estimated tax payments.

Previous wording

Noninterest expense for the three months ended March 31, 2026 was $10.3 million compared to $8.9 million for the same period in 2025, an increase of $1.5 million, or 16.4%. Salaries and employee benefits expense was $6.3 million for the three months ended March 31, 2026 compared to $5.3 million for the same period in 2025, an increase of $1.1 million, or 19.9%. The increase was primarily attributable to overall increases in compensation due to the performance of the Company and to increases necessary to effectively compete for executive and non-executive talent.

Current wording

Noninterest expense for the three months ended June 30, 2026 was $11.9 million compared to $9.7 million for the same period in 2025, an increase of $2.2 million, or 22.2%. Salaries and employee benefits expense was $6.2 million for the three months ended June 30, 2026 compared to $5.7 million for the same period in 2025, an increase of $0.5 million, or 8.3%. The increase in salaries and employee benefits was primarily attributable to overall increases in compensation tied to Company performance and efforts to effectively compete for executive and non-executive talent. Additionally, ‘Other expense’ increased by $1.4 million, which was primarily driven by a $2.1 million pre-tax loss recognized on the disposition of the Company’s oil and gas assets during the second quarter of 2026.

Previous wording

Total assets decreased $18.6 million, or 1.0%, to $1.95 billion as of March 31, 2026, compared to $1.96 billion as of December 31, 2025.

Current wording

Total assets decreased $49.3 million, or 2.5%, to $1.91 billion as of June 30, 2026, compared to $1.96 billion as of December 31, 2025.

Previous wording

Nonperforming loans include nonaccrual loans and loans past due 90 days or more and still accruing interest. Nonperforming assets consist of nonperforming loans plus OREO. Loans accounted for on a nonaccrual basis were $9.3 million as of March 31, 2026, and $6.5 million as of December 31, 2025. OREO was $462,000, and $461,000 as of March 31, 2026, and December 31, 2025, respectively.

Current wording

Nonperforming loans include nonaccrual loans and loans past due 90 days or more and still accruing interest. Nonperforming assets consist of nonperforming loans plus OREO. Loans accounted for on a nonaccrual basis were $6.3 million as of June 30, 2026, and $6.5 million as of December 31, 2025. OREO was $464,000, and $461,000 as of June 30, 2026, and December 31, 2025, respectively.

Previous wording

Of our interest-bearing deposits, some were obtained through brokered transactions. As of March 31, 2026 and December 31, 2025, brokered deposits were $135.1 million, and $205.6 million, respectively. Reciprocal deposits totaled $644.4 million and $576.5 million as of March 31, 2026 and December 31, 2025, respectively.

Current wording

Of our interest-bearing deposits, some were obtained through brokered transactions. As of June 30, 2026 and December 31, 2025, brokered deposits were $135.2 million, and $205.6 million, respectively. Reciprocal deposits totaled $570.8 million and $576.5 million as of June 30, 2026 and December 31, 2025, respectively.

Previous wording

Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit and amounts in any other uninsured investment or deposit account that are classified as deposits and are not subject to any federal or state deposit insurance regimes. Total uninsured deposits were $405.8 million and $391.7 million as of March 31, 2026 and December 31, 2025, respectively, as calculated per regulatory guidance. These amounts were approximately 24.3% and 23.2% of deposits at March 31, 2026 and December 31, 2025, respectively.

Current wording

Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit and amounts in any other uninsured investment or deposit account that are classified as deposits and are not subject to any federal or state deposit insurance regimes. Total uninsured deposits were $389.0 million and $391.7 million as of June 30, 2026 and December 31, 2025, respectively, as calculated per regulatory guidance. These amounts were approximately 23.8% and 23.2% of deposits at June 30, 2026 and December 31, 2025, respectively.

Previous wording

Total deposits as of March 31, 2026 and December 31, 2025 were $1.67 billion and $1.70 billion, respectively. The following table sets forth deposit balances by certain categories as of the dates indicated and the percentage of each deposit category to total deposits.

Current wording

Total deposits as of June 30, 2026 and December 31, 2025 were $1.64 billion and $1.70 billion, respectively. The following table sets forth deposit balances by certain categories as of the dates indicated and the percentage of each deposit category to total deposits.

Previous wording

As of March 31, 2026, we had no unsecured fed funds lines with correspondent depository institutions, with no amounts advanced. In addition, based on the values of loans pledged as collateral, we had borrowing availability with the FHLB of $218.1 million as of March 31, 2026 and $213.8 million as of December 31, 2025, and we had access toapproximately $301.1 million in liquidity with the Federal Reserve Bank as of March 31, 2026 and $288.6 million as of December 31, 2025.

Current wording

As of June 30, 2026, we had no unsecured fed funds lines with correspondent depository institutions, with no amounts advanced. In addition, based on the values of loans pledged as collateral, we had borrowing availability with the FHLB of $225.6 million as of June 30, 2026 and $213.8 million as of December 31, 2025, and we had access toapproximately $305.2 million in liquidity with the Federal Reserve Bank as of June 30, 2026 and $288.6 million as of December 31, 2025.

Previous wording

Shareholders’ equity provides a source of permanent funding, allows for future growth and provides a cushion to withstand unforeseen adverse developments. Total shareholders’equity increased $8.8 million asof March 31,2026 to $259.8 million, compared to $251.0 million as of December 31, 2025.

Current wording

Shareholders’ equity provides a source of permanent funding, allows for future growth and provides a cushion to withstand unforeseen adverse developments. Total shareholders’equity increased $15.3 million asof June 30,2026 to $266.3 million, compared to $251.0 million as of December 31, 2025.

Previous wording

The following is a discussion of the critical accounting policies and significant estimates that we believe require us to make the most complex or subjective decisions or assessments. Additional information about these policies can be foundin Note 1 of the Company’s consolidated financial statements included in the Annual Report on the Form 10-K.

Current wording

The following is a discussion of the critical accounting policies and significant estimates that we believe require us to make the most complex or subjective decisions or assessments. Additional information about these policies can be found in Note 1 of the Company’s consolidated financial statements included in the Annual Report on the Form 10-K.