Bank7 Corp. (BSVN) Tops Q4 EPS by 4c

Bank7 Corp. (NASDAQ: BSVN) reported Q4 EPS of $0.52, $0.04 better than the analyst estimate of $0.48.

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

• Pre-tax, pre-provision earnings of $8.4 million, an increase of 31.60%
• Interest income on loans, including loan fee income, totaled $13.2 million, an increase of 7.18%
• Cost of funds of 0.51%, a decrease of 59.53%
• Efficiency ratio of 35.13%, compared to 41.74%

"We are pleased to report continued strength in our asset quality and liquidity components, and also to report a record level of PPE for our Company. Strong PPE enabled us to make meaningful increases to our ALLL, repurchase shares at a discount to book value, and increase our cash dividend, all while maintaining higher levels of capital compared to the industry mean. We benefit from the strong economy in our region, and feel positive about our future; nonetheless, there is still much uncertainty and business activity is somewhat muted, therefore we will continue to use caution moving forward," said Thomas L. Travis, President and CEO of the Company.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SanDisk upgraded at JPMorgan after investor day; shares climb
• Movano (MOVE) Misses Q2 EPS by 195c