Bank7 Corp. (BSVN) Tops Q2 EPS by 22c

Bank7 Corp. (NASDAQ: BSVN) reported Q2 EPS of $0.54, $0.22 better than the analyst estimate of $0.32.

Three months ended June 30, 2020 compared to three months ended June 30, 2019:

• Pre-tax, pre-provision earnings of $8.1 million, an increase of 18.70%
• Interest income on loans, including loan fee income, totaled $13.4 million, an increase of 10.61%
• Total assets of $1.0 billion, an increase of 25.75%
• Total loans of $837.9 million, an increase of 32.70%
• Total deposits of $894.2 million, an increase of 28.47%

"We are happy to report strong second quarter earnings reflected by (i) record pre-tax, pre-provision earnings and (ii) net income substantially in line with previous quarters. Clearly, the future is uncertain and we are adding loan loss reserves to make sure we are prepared for possible exposures; nonetheless, we continue to have confidence in our overall loan portfolio. In addition, our team continues to perform at a high level and because of that we expect to be able to navigate through these difficult times," 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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