8-K - BSVN - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

July 20, 2023

Bank7 Corp.

(Exact name of registrant as specified in its charter)

Oklahoma	001-38656	20-0764349
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1039 N.W. 63rd Street,

  Oklahoma City, Oklahoma 73116

(Address of principal executive offices) (Zip Code)

(405) 810-8600

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br><br> <br>Symbol(s)	Name of each exchange on which<br><br> <br>registered
Common Stock, $0.01 par value	BSVN	The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.	Results of Operations and Financial Condition
Item 7.01	Regulation FD Disclosure
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On July 20, 2023, Bank7 Corp. (the “Company”), the holding company for Bank7, issued a press release announcing its results of operation and financial condition for the quarter ended June 30, 2023. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The Company is conducting a conference call on July 20, 2023 at 9:00 am CST to discuss its second quarter 2023 financial results. A copy of the presentation slides to be used during the earnings call is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

Item 9.01	Financial Statements and Exhibits
(d)	Exhibits.
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The following exhibits are filed herewith:

Item	Description
99.1	Press Release dated July 20, 2023
99.2	Second Quarter 2023 Investor Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANK7 CORP.
Date: July 20, 2023	By:	/s/ Kelly J. Harris
		Kelly J. Harris
		Executive Vice President and Chief Financial Officer

Exhibit 99.1

FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q2 2023 Earnings

Oklahoma City, July 20, 2023 – Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the quarter ended June 30, 2023. “In these uncertain times, it is comforting to report that our long-term and broad based deposit relationships remain as loyal customers while our debt-free and liquid balance sheet continues to be a source of strength and stability. These strengths and our disciplined approach to risk management and cost control once-again propelled us to both record profits and EPS. We achieved these milestones in spite of NIM pressure, which was partially due to our decision to carry more liquidity. We continue to benefit from strong asset quality and remain committed to our established fundamentals as we move through the rest of the year,” said Thomas L. Travis, President and CEO of the Company.

For the three months ended June 30, 2023 compared to the three months ended June 30, 2022:

-	Net income of $9.7 million compared to $7.0 million, an increase of 38.75%
-	Earnings per share of $1.05 compared to $0.76, an increase of 38.16%
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-	Total assets of $1.7 billion compared to $1.5 billion, an increase of 13.03%
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-	Total loans of $1.3 billion compared to $1.2 billion, an increase of 10.37%
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-	PPE of $13.9 million compared to $9.5 million, an increase of 46.35%
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-	Total interest income of $30.0 million compared to $16.7 million, an increase of 80.19%
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Three months ended June 30, 2023 compared to three months ended March 31, 2023

-	Net income of $9.7 million compared to $9.6 million, an increase of 1.45%
-	Earnings per share of $1.05 compared to $1.04, an increase of 0.96%
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-	PPE of $13.9 million compared to $13.0 million, an increase of 6.85%
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-	Total interest income of $30.0 million compared to $27.4 million, an increase of 9.72%
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Both the Bank’s and the Company’s capital levels continue to be significantly above the minimum levels required to be designated as “well-capitalized” for regulatory purposes. On June 30, 2023, the Bank’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.71%, 11.89%, and 13.10%, respectively. On June 30, 2023, on a consolidated basis, the Company’s Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.71%, 11.88%, and 13.09%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators.

Bank7 Corp.

Consolidated Balance Sheets

Assets			December 31,<br><br> 2022
Cash and due from banks	196,456		$	109,115
Interest-bearing time deposits in other banks	10,455			5,474
Available-for-sale debt securities	169,923			173,165
Loans, net of allowance for credit losses of 16,377 and 14,734 at June 30, 2023 and December 31, 2022, respectively	1,259,905			1,255,722
Loans held for sale, at fair value	408			-
Premises and equipment, net	14,833			13,106
Nonmarketable equity securities	1,238			1,209
Core deposit intangibles	1,184			1,336
Goodwill	8,458			8,603
Interest receivable and other assets	18,445			16,439
Total assets	1,681,305		$	1,584,169
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing	397,588		$	439,409
Interest-bearing	1,110,637			989,891
Total deposits	1,508,225			1,429,300
Income taxes payable	363			1,054
Interest payable and other liabilities	10,937			9,715
Total liabilities	1,519,525			1,440,069
Shareholders’ equity
Common stock, 0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,154,934 and 9,131,973 at	92			91
June 30, 2023 and December 31, 2022 respectively
Additional paid-in capital	96,498			95,263
Retained earnings	73,901			58,049
Accumulated other comprehensive income (loss)	(8,711	)		(9,303	)
Total shareholders’ equity	161,780			144,100
Total liabilities and shareholders’ equity	1,681,305		$	1,584,169

All values are in US Dollars.


						Six Months Ended<br><br> June 30,
			2022			2023			2022
Interest Income
Loans, including fees	26,885		$	15,754		$	52,237		$	30,131
Interest-bearing time deposits in other banks	62			13			111			29
Debt securities, taxable	701			571			1,407			935
Debt securities, tax-exempt	85			85			172			183
Other interest and dividend income	2,309			249			3,495			319
Total interest income	30,042			16,672			57,422			31,597
Interest Expense
Deposits	9,544			878			16,918			1,595
Total interest expense	9,544			878			16,918			1,595
Net Interest Income	20,498			15,794			40,504			30,002
Provision for Credit Losses	1,011			219			1,485			495
Net Interest Income After Provision for Credit Losses	19,487			15,575			39,019			29,507
Noninterest Income
Secondary market income	112			95			166			261
Gain (Loss) on sales, prepayments, and calls of available-for-sale debt securities	(7	)		10			(8	)		(117	)
Service charges on deposit accounts	199			219			434			468
Other	490			368			874			755
Total noninterest income	794			692			1,466			1,367
Noninterest Expense
Salaries and employee benefits	4,709			4,126			9,389			8,152
Furniture and equipment	251			386			500			744
Occupancy	599			571			1,318			1,122
Data and item processing	469			559			856			946
Accounting, marketing and legal fees	179			209			478			442
Regulatory assessments	339			226			734			422
Advertsing and public relations	52			121			200			231
Travel, lodging and entertainment	110			74			171			122
Other	669			691			1,381			1,202
Total noninterest expense	7,377			6,963			15,027			13,383
Income Before Taxes	12,904			9,304			25,458			17,491
Income tax expense	3,158			2,280			6,105			4,283
Net Income	9,746		$	7,024		$	19,353		$	13,208
Earnings per common share - basic	1.06		$	0.77		$	2.12		$	1.45
Earnings per common share - diluted	1.05			0.76			2.09			1.44
Weighted average common shares outstanding - basic	9,153,077			9,097,280			9,150,022			9,093,150
Weighted average common shares outstanding - diluted	9,247,101			9,194,923			9,256,450			9,187,637
Other Comprehensive Income (Loss)
Unrealized gains(losses) on securities, net of tax benefit of 0 and 1.5 million for the three months ended June 30, 2023<br> and 2022, respectively; 0 and 0 for the six months ended June 30, 2023 and 2022, respectively	(1,169	)	$	(3,778	)	$	586		$	(8,017	)
Reclassification adjustment for realized (gain)loss included in net income net of tax of 2 and 0 for the three months<br> ended June 30, 2023 and 2022, respectively; 2 and 17 for the six months ended June 30, 2023 and 2022, respectively	5			(10	)		6			90
Other comprehensive income(loss)	(1,164	)	$	(3,788	)	$	592		$	(7,927	)
Comprehensive Income	8,582		$	3,236		$	19,945		$	5,281

All values are in US Dollars.

	Net Interest Margin
	For the Six Months Ended June 30,
	2023<br><br> (unaudited)							2022
	Average<br><br> <br>Balance		Interest<br><br> <br>Income/<br><br> <br>Expense		Average<br><br> Yield/<br><br> <br>Rate			Average<br><br> <br>Balance		Interest<br><br> Income/<br><br> <br>Expense		Average<br><br> <br>Yield/<br><br> <br>Rate
	(Dollars in thousands)
Interest-Earning Assets:
Short-term investments	$	154,896	$	3,606		4.69	%	$	159,157	$	348		0.44	%
Investment securities, taxable		153,478		1,407		1.85			132,086		935		1.43
Debt securities, tax exempt		20,030		172		1.73			22,487		183		1.64
Loans held for sale		56		-		-			383		-		-
Total loans(1)		1,277,245		52,237		8.25			1,047,220		30,131		5.80
Total interest-earning assets		1,605,705		57,422		7.21			1,361,333		31,597		4.68
Noninterest-earning assets		24,299							24,506
Total assets	$	1,630,004						$	1,385,839
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts	$	810,736		12,612		3.14	%	$	667,159		1,012		0.31	%
Time deposits		239,720		4,306		3.62			176,587		583		0.67
Total interest-bearing deposits		1,050,456		16,918		3.25			843,746		1,595		0.38
Total interest-bearing liabilities		1,050,456		16,918		3.25			843,746		1,595		0.38
Noninterest-bearing liabilities:
Noninterest-bearing deposits		414,383							405,674
Other noninterest-bearing liabilities		11,659							6,615
Total noninterest-bearing liabilities		426,042							412,289
Shareholders' equity		153,506							129,804
Total liabilities and shareholders' equity	$	1,630,004						$	1,385,839
Net interest income			$	40,504						$	30,002
Net interest spread						3.96	%						4.30	%
Net interest margin						5.09	%						4.44	%
(1)	Nonaccrual loans are included in total loans
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	For the Three Months Ended June 30,
	2023<br><br> (unaudited)							2022
	Average<br><br> <br>Balance		Interest<br><br> <br>Income/<br><br> <br>Expense		Average<br><br> <br>Yield/<br><br> <br>Rate			Average<br><br> <br>Balance		Interest<br><br> Income/<br><br> <br>Expense		Average<br><br> <br>Yield/<br><br> <br>Rate
	(Dollars in thousands)
Interest-Earning Assets:
Short-term investments	$	174,920	$	2,371		5.44	%	$	130,961	$	262		0.81	%
Debt securities, taxable-equivalent		153,424		701		1.83			174,583		571		1.31
Debt securities, tax exempt		19,744		85		1.73			22,244		85		1.53
Loans held for sale		68		-		-			279		-		-
Total loans(1)		1,283,341		26,885		8.40			1,090,053		15,754		5.80
Total interest-earning assets		1,631,497		30,042		7.39			1,418,120		16,672		4.72
Noninterest-earning assets		25,050							25,341
Total assets	$	1,656,547						$	1,443,461
Funding sources:
Interest-bearing liabilities:
Deposits:
Transaction accounts	$	817,819		6,860		3.36	%	$	693,619		555		0.32	%
Time deposits		265,396		2,684		4.06			183,494		323		0.71
Total interest-bearing deposits		1,083,215		9,544		3.53			877,113		878		0.40
Total interest-bearing liabilities	$	1,083,215		9,544		3.53		$	877,113		878		0.40
Noninterest-bearing liabilities:
Noninterest-bearing deposits	$	403,207						$	429,388
Other noninterest-bearing liabilities		12,180							6,925
Total noninterest-bearing liabilities		415,387							436,313
Shareholders' equity		157,945							130,035
Total liabilities and shareholders' equity	$	1,656,547						$	1,443,461
Net interest income			$	20,498						$	15,794
Net interest spread						3.85	%						4.32	%
Net interest margin						5.04	%						4.47	%
(1)	Nonaccrual loans are included in total loans
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About Bank7 Corp.

We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions.

Conference Call

Bank7 Corp. has scheduled a conference call to discuss its second quarter results, which will be broadcast live over the Internet, on Thursday, July 20, 2023 at 9:00 a.m. central standard time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at https://app.webinar.net/pODMrqAr9XJ. For those not able to participate in the live call, an archive of the webcast will be available at https://app.webinar.net/pODMrqAr9XJ shortly after the call for 1 year.

Cautionary Statements Regarding Forward-Looking Information

This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.’s current views with respect to, among other things, future events and Bank7 Corp.’s financial performance. Any statements about Bank7 Corp.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved.

These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.’s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.’s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements.

Contact:

Thomas Travis

    President & CEO

    \(405\) 810-8600

Exhibit 99.2

Q2 2023 Earnings Release BSVN July 20, 2023

BSVN – Corporate Overview Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States Stable deposits and a strong cash position, and less dependent on uninsured deposits when compared to the industry average(3) Disciplined credit culture that adheres to a robust risk management framework resulting in excellent credit quality and a history of low loan losses Experienced and talented bankers focused on high-touch personalized service, targeting entrepreneurs and their commercial banking needs Positioned in dynamic markets, with a commercial banking emphasis delivering services via a branch-lite model Shareholder alignment due to 58% insider ownership Dollars in thousands, all data as of June 30,2023, unless indicated otherwise Adjusted equity within calculation to back-out the impact of the tax effected unrealized loss included in AOCI. See slide 21 for the indicated amounts. BSVN adopted the CECL model (ASC326) on 1/1/2023 using the modified retrospective method. The presented allowance for periods prior to 1/1/2023 is under the incurred loss model (pre-ASC326). See slide 4 for uninsured deposit comparison to industry average

Q2 Overview Total deposits increased $16.67 million or 1.12% as compared to Q1 2023. Uninsured deposits represent 22.17% of total deposits, as compared to the industry average of 34.00%(1) The sum of cash plus unpledged securities, and our undrawn lines-of-credit equals $506.69 million, which exceeds our adjusted uninsured deposits of $247.93 million(2), providing a 2.04X coverage Stable Quality Deposits & Liquidity Dollars in thousands, all data as of June 30,2023, unless indicated otherwise Based on Call Report data; Source: S&P Global; See slide 4 See slide 4 for adjusted uninsured deposit calculation All U.S. Banks/Thrifts; Must be traded on a major exchange; As of Q1 2023; Source: S&P Global; See slide 3 Disciplined loan pricing combined with our consistent net interest margin and low efficiency ratio drove record PPE and EPS Record EPS results were achieved through core earnings with no share repurchases Record PPE, Net Income, and EPS Our strong earnings and low dividend payout ratio builds capital rapidly Capital ratios remain robust and exceed the “well capitalized” guidelines CET 1 Capital: 11.88% an increase of 54 bps Tier 1 Leverage: 9.71% an increase of 23 bps Debt free Balance Sheet No HTM securities Prudent Capital Management $914.36 million or 77.05% of loans reprice in 1 year or less, with $879.97 million or 68.78% repricing daily Cash to total assets was 11.68% at quarter end, as compared to the industry average of 5.78%(3); however, the sum of our cash plus unpledged securities to total assets was 20.68% at quarter end; securities are available for immediate liquidation if necessary Minimal AOCI impact; the average duration of our investment portfolio is ~2.4 years, with $100.00 million of U.S. Treasuries or 55.27% maturing in February of 2024 Proven & Consistent Balance Sheet Management

Liquidity and Asset Sensitivity Dollars in thousands, all data as of June 30,2023, unless indicated otherwise Based on Call Report data for public banks; Source: S&P Global. See slide 4 for adjusted uninsured deposit reconciliation Includes $879.97 million of loans that reprice daily, with $78.28 million of those loans being at their ceiling Asset Sensitivity Comparative Banking Industry Data (3)

Uninsured Deposits / Total Deposits All Banks (1)(2) Uninsured Deposits Dollars are in thousands Based on Call Report data for public banks; Source: S&P Global. The 2023 data presented is as of Q1 2023 for public banks(the latest data available) and Q2 2023 for BSVN data. Uninsured Deposits | Cash/Liquidity Uninsured deposits total $334.31 million or 22.17% of total deposits; however, after deductions for insider owned, and also collateralized deposits, our adjusted uninsured deposits are $247.93 million, which is only 16.44% of total deposits Cash, securities, and our undrawn lines of credit totaled $506.69 million, an increase of $86.80 million or 20.67% as compared to Q1 2023, providing a 2.04X coverage of our adjusted uninsured deposits

Deposit Composition Deposit Growth & Composition Year-to-date deposits increased $78.90 million or 5.52% Historically we have shown steady growth in our core and non-interest bearing accounts(1) CAGR since 2018: 19.5% Dollars in millions Includes interest bearing and non-interest bearing demand deposit, money market, and savings accounts

Consistent Net Interest Margin Financial data is as of or for the three months ended March 31, 2023 and June 30, 2023, and as of or for the twelve months ended of each respective year Net interest margin (excluding loan fee income) is a non-GAAP financial measure, see Appendix for reconciliation to the most comparable GAAP measure for this metric ◼︎ Loan Fee Income Contribution Our net interest margin continued to show strength due to disciplined loan pricing, a healthy amount of non-interest bearing deposits, and our asset sensitive balance sheet During the quarter we benefited 5 bps by a purchase accounting adjustment. Real-time core NIM is approximately 4.55%.

Diluted Earnings Per Share 38.68% increase 1 Pro Forma $0.81 Tangible Book Value Per Share CAGR since 2018: 16.1% Record EPS: $1.05 for Q2, a 38.68% increase from Q2 2022 No share repurchases during the year Consistent Capital & EPS Growth Dollars are in thousands, except for per share data Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure Consistently strong earnings increased TBV despite three factors: $0.85 per share paid for an all-cash acquisition in Q4 2021 $0.89 per share AOCI unrealized loss from investments $2.30 per share paid in cash dividends

Return on Average Tangible Common Equity (1)(2) 5 year average: 22.1% Efficiency Ratio (2) 5 year average: 37.5% Return on Average Assets (1)(2) 5 year average: 2.3% Reliable Top Performer Dollars are in millions Financial data is as of or for the twelve months ended December 31 of each respective year and for the three months ended March 31, 2023 and June 30, 2023 Profitability metrics are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods Pro Forma YTD ROAA, ROATCE and efficiency ratio are non-GAAP financial measures, see Appendix for reconciliation to the most comparable GAAP measures for these metrics 20.90% Pro Forma 2.51% 1.03% Pro Forma As expected, the Q4 2021 acquisition of Watonga Bancshares caused a temporary decline in ROAA and a slight increase in our efficiency ratio; however, both metrics have returned to historical ranges Pro Forma 8.60% 38.83%

Consistently Outperforming Peers Income Statement as a Percentage of Average Assets PPE to Average Assets vs Peers Dollars are in thousands Peer group is defined as exchange-traded banks nationwide with assets between $500mm-$5bn (149 banks); Source: S&P Global Market Intelligence. Excludes one-time, non-cash executive stock transfer compensation expense of $11.8 million. As of Q1 2023, the latest data available.

Maximizing Our Employee Base (3) PPE(1) 46.35% increase Strength in Core Earnings Dollars are in millions Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the three months ended March 31, 2023 and June 30, 2023 Pre-provision, pre-tax earnings (“PPE”) is a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure Pro Forma 2019 is a non-GAAP financial measure which adds back the one-time, extraordinary compensation expense related to the non-cash executive stock transaction that took place during the period. See 2019 Pro Forma Net Income reconciliation table for detailed calculation of this measure Pro Forma noninterest expense to average assets in a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure Pro Forma $26.8 $15.1 Record PPE of $13.92 million: An increase of 46.35% as compared to Q2 2022 Strong PPE was driven by: Disciplined loan pricing Rising rates and an asset sensitive balance sheet We scale and achieve maximum productivity by: Utilizing a branch-lite model Hiring fewer but better FTEs Operating an efficient delivery system with a strict adherence to our processes 3.56% Actual Pro Forma 2 2

Loan Portfolio Trends Loan Portfolio Trends – Selected Categories Dollars are in millions CAGR Since 2018: 18.3% 12.6% 26.6% 21.2% 39.6%

Loan Portfolio Distribution Dollars are in millions. Data as of June 30, 2023 Loan Portfolio Selected Categories

COVID-19 Pandemic Net Charge-Offs to Average Loans Low historical charge-offs due to: Disciplined approach to lending Geographic footprint in high growth metros with thriving economies (OK and TX) Management team with long history of making loans with low historical loss levels Tenured lending staff with 81% of balances from team members with > 10 years of common experience 0.00%

Diverse CRE Portfolio Dollars are in millions. Data as of June 30, 2023 Diverse commercial real estate lending activity in Texas and Oklahoma with an emphasis in the DFW, Oklahoma City, and Tulsa metros Minimal office and retail loans with over-weighting in each segment to owner-occupied properties No office exposure to downtown metropolitan locations Office Loan Average Size: Owner Occupied — $0.80 million Non-Owner Occupied — $0.99 million Construction lending activity primarily in Oklahoma City and the Dallas metroplex with an emphasis on entry level homes with established homebuilders Limited lot and development lending activity Hospitality niche managed by seasoned professionals with proven track record through various economic cycles CONSTRUCTION OWNER OCCUPIED

Hotel Portfolio by Class Hotel Portfolio by Location Hospitality Loan Portfolio Detail Dollars are in millions, data as June 30, 2023 No historical NCOs in the hospitality segment Blue collar portfolio that is well-protected by the “cycle-down” effect of a recession Geographically concentrated in TX (81%) and other markets with favorable economic conditions Loans personally guaranteed by experienced owner/operators with operating history spanning decades of economic cycles Diversified lending to many reputable brands Consistent underwriting fundamentals with disciplined equity requirements, debt coverage ratio requirements, personal recourse, and rapid amortization Average loan size of $4.74 million 3.56% Actual Hotel Portfolio by Location

Total Assets Strategic Growth in Dynamic Markets Dollars are in millions 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q2 2023 LPO opened in Tulsa, OK, full-service branch opened in Frisco, TX Oklahoma acquisition Full-service branch opened in Tulsa, OK Completed IPO Full-service branch opened in Irving, TX LPO opened in Irving, TX Kansas acquisition CAGR Since 2014: 15.9%

Earnings-driven Capital Shock-absorption Earnings-driven cushion far exceeds regulatory capital minimums as illustrated over a two-year period, consistent with DFAST parameters(1) Dollars are in thousands above assumes no cash dividends and is simply an illustration and should not be considered a projection or forward-looking guidance of any kind DFAST = Dodd-Frank Act Stress Test Excess capital to target ratio expressed in % is the difference between the actual ratio and regulatory minimum divided by the regulatory minimum Excess capital to target ratio expressed in $ is the excess capital % multiplied by either average assets or risk-weighted assets, assuming a static balance sheet over the next 24 months Trailing twelve months PPE of $52.7 million extrapolated over two years

Appendix

Bank7 Corp. Financials BSVN adopted the CECL model (ASC326) on 1/1/2023 using the modified retrospective method. The presented allowance for periods prior to 1/1/2023 is under the incurred loss model (pre-ASC326). Net income and earnings per share are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective tax periods; EPS calculation is based on diluted shares and combined federal and state effective tax rate for the three months ended June 30, 2023, March 31, 2023 and June 30, 2022 of 24.5%, 23.5%, and 24.5%, respectively Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to most comparable GAAP measure for this metric All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation and related tax impact from net income. See detail and reconciliation on slide 24 of this presentation

Bank7 Corp. Performance Ratios Annualized. Return on average assets and shareholder’s equity are tax-adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent basis and noninterest income Represents a non-GAAP financial measure, see non-GAAP reconciliations table for reconciliation to the most comparable GAAP measure for this metric Ratios are based on Bank level financial information rather than consolidated information. At June 30, 2023, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 9.47%, 11.88%, and 13.09% respectively for the Company All pro forma amounts relate to the one-time, non-cash executive stock transfer which occurred in September 2019. These amounts remove the compensation expense and related tax impact from net income. See detail and reconciliation on slide 24 of this presentation

Non-GAAP Reconciliations

Non-GAAP Reconciliations -- Continued

Available-for-Sale Securities Portfolio Investment Portfolio Dollars are in millions. All of our mortgage-backed securities and collateralized mortgage obligations are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities. Total investment securities of $169.9 million as of June 30, 2023 Weighted Average Duration: 2.4 Years Book Yield: 1.78%

2019 Pro Forma Net Income Reconciliation On September 5, 2019, our largest shareholders, the Haines Family Trusts, contributed approximately 6.5% of their shares (656,925 shares) to the Company. Subsequently, the Company immediately issued those shares to certain executive officers, which was charged as compensation expense of $11.8 million, including payroll taxes, through the income statement of the Company. Additionally, at the discretion of the employees receiving shares to assist in paying tax withholdings, 149,425 shares were withheld and subsequently canceled, resulting in a charge to retained earnings of $2.6 million.

Legal Information and Distribution This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. These forward-looking statements reflect Bank7 Corp.’s current views with respect to, among other things, future events and Bank7 Corp.’s financial performance. Any statements about Bank7 Corp.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.’s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.’s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. Within this presentation, we reference certain market, industry and demographic data, forecasts and other statistical information. We have obtained this data, forecasts and information from various independent, third party industry sources and publications. Nothing in the data, forecasts or information used or derived from third party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of industry publications and surveys and independent sources. We believe that these sources and estimates are reliable, but have not independently verified them. Statements as to our market position are based on market data currently available to us. Although we are not aware of any misstatements regarding the economic, employment, industry and other market data presented herein, these estimates involve inherent risks and uncertainties and are based on assumptions that are subject to change. This presentation includes certain non-GAAP financial measures, including pro forma net income, tax-adjusted net income, tax-adjusted earnings per share, tax-adjusted return on average assets and tax-adjusted return on average shareholders’ equity. These non-GAAP financial measures and any other non-GAAP financial measures that we discuss in this presentation should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Bank7 Corp.’s non-GAAP financial measures as tools for comparison. See the table in the appendix of this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures.