Bank7 Q2 Profit Drops 25% on Energy Loan Loss, EPS Misses
BSVN sits 35% above its 52-week low of $38.29 on elevated volume (2.1× avg).
Summary
Bank7's Q2 net income fell 25% YoY to $8.35M, with EPS of $0.87 missing last year's $1.16. The decline was driven by a one-time loss on the sale of energy assets tied to a previously charged-off loan. Core operations remained solid: net interest margin held at 4.81%, loans grew to $1.60B from $1.50B a year ago, and capital ratios stayed robust. This follows the July 2 announcement of a 71% stake acquisition in Century Financial Services, signaling ongoing expansion. The energy-related charge is a cleanup item, but the earnings miss may pressure the stock near its 52-week high.
At the time of this announcement, BSVN was trading at $51.80 on NASDAQ in the Finance sector, with a market capitalization of approximately $493.1M. The 52-week trading range was $38.29 to $52.78. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.