Bank7 Corp. (BSVN) Tops Q1 EPS by 14c

Bank7 Corp. (NASDAQ: BSVN) reported Q1 EPS of $0.51, $0.14 better than the analyst estimate of $0.37.

Three months ended March 31, 2020 compared to three months ended March 31, 2019:

• Pre-tax, pre-provision income of $7.4 million, an increase of 8.62%
• Interest income on loans, including loan fee income, totaled $13.1 million, an increase of 12.78%
• Total assets of $974.4 million, an increase of 23.77%
• Total loans of $785.7 million, an increase of 33.94%
• Total deposits of $871.0 million, an increase of 26.84%

"Our first quarter financial results were very good, but before moving into the data, we start by acknowledging the current pandemic-induced environment and its terrible effect on all aspects of our lives. We are especially mindful and grateful to our Bank7 teammates, and will continue to work together to support each other, our customers, and our communities. Working together, we will overcome this. Regarding our financial results, you can see that we benefited from robust loan growth, and our ability to maintain a strong net interest margin, especially considering the collapse in interest rates," said Thomas L. Travis, President and CEO of the Company.

For earnings history and earnings-related data on Bank7 Corp. (BSVN) click here.

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