Q1 2026 Bank7 Corp Earnings Call

April 14, 2026

Information and disclaimer on page 25 of the Investor presentation.

Operator: Q1 2026 Earnings Call. Before we get started, I'd like to highlight the legal information and disclaimer on page 25 of the investor presentation. For those who do not have access to the presentation, management is going to discuss certain topics that contain forward-looking information, which is based on management's beliefs, as well as assumptions made by and information currently available to management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. Such statements are subject to certain risks, uncertainties, and assumptions, including, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.

For those who do not have access to the presentation management is going to discuss certain topics that contain forward looking information, which is based on management's beliefs as well as assumptions made by and information currently available to management.

Operator: Welcome to Bank7 Core first quarter 2026 earnings call. Before we get started, I'd like to highlight the legal information and disclaimer on page 25 of the investor presentation. For those who do not have access to the presentation, management is going to discuss certain topics that contain forward-looking information which is based on management's beliefs as well as assumptions made by and information currently available to management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. Such statements are subject to certain risks, uncertainties, and assumptions, including, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators.

Although management believes that the expectations reflected in such forward looking statements are reasonable they can give no assurance that such expectations will prove to be correct.

Such statements are subject to certain risks uncertainties and assumptions, including among other things the direct and indirect effect of economic conditions on interest rates credit quality loan demand liquidity and monetary and supervisory policies of banking regulators.

Yeah.

Should one or more of these risks materialize or should underlying assumptions prove incorrect.

Actual results may vary materially from those expected.

Also please note that this conference call contains references to non-GAAP financial measures.

You can find reconciliations of these non-GAAP financial measures to GAAP financial measures in an 8-K that was filed this morning by the company.

Operator: Also, please note that this conference call contains references to non-GAAP financial measures. You can find reconciliations of these non-GAAP financial measures to GAAP financial measures in an 8-K that was filed this morning by the company. Representing the company on today's call, we have William B. Haines, Chairman, Thomas L. Travis, President and CEO, John T. Phillips, Chief Operating Officer, Jason Estes, Chief Credit Officer, Kelly Harris, Chief Financial Officer, and Paul Timmons, Director of Accounting. With that, I'll turn the call over to Thomas L. Travis. Please go ahead.

Operator: Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Also, please note that this conference call contains references to non-GAAP financial measures. You can find reconciliations of these non-GAAP financial measures to GAAP financial measures in an 8-K that was filed this morning by the company. Representing the company on today's call, we have Brad Haines, Chairman, Tom Travis, President and CEO, JT Phillips, Chief Operating Officer, Jason Estes, Chief Credit Officer, Kelly Harris, Chief Financial Officer, and Paul Timmons, Director of Accounting. With that, I'll turn the call over to Tom Travis. Please go ahead.

Representing the company on today's call, we have Brad Haines Chairman.

Tom Travis President and CEO J.

J T Phillips Chief operating officer.

Jason Estes, Chief Credit Officer Kelly.

Kelly Harris Chief.

Chief Financial Officer.

And Paul Timmons director of accounting.

With that I'll turn the call over to Tom Travis. Please go ahead.

Thank you welcome to them.

As you can see.

With our results today.

As we.

Thomas Travis: Thank you. Welcome today. As you can see, we're happy with our results today. As we regularly say, we're probably a little boring in this area, but we have to thank our team of bankers. I know some of them listen to these calls, and if you're on the call, thank you. We have a great group that's been together for a few decades, and it's very comforting to have such a strong, deep, broad team. That's why we produce the results that we do. I suppose it's a little boring for some people, quarter after quarter, where we're always putting up these fantastic results. It takes a lot of effort. We don't take many days off around here, and we do it the right way and the results speak for themselves.

Regularly say.

We'll probably rewarding in this area.

We have to thank our team of bankers.

Chief Financial Officer and Paul Timmons, director of accounting.

I know some of them listen to these calls and if youre on the call. Thank you.

Thomas Travis: Thank you. Welcome today. As you can see, we're happy with our results today. As we regularly say, we're probably a little boring in this area, but we have to thank our team of bankers, and I know some of them listen to these calls, and if you're on the call, thank you. We have a great group that's been together for a few decades, and it's very comforting to have such a strong, deep, and broad team. That's why we produce the results that we do. I suppose it's a little boring for some people, quarter after quarter, where we're always putting up these fantastic results. It takes a lot of effort, and we don't take many days off around here, and we do it the right way, and the results speak for themselves.

With that, I'll turn the call over to Tom Travis. Please go ahead.

And.

We have a great group that's been together for a few decades and.

Thank you. Welcome to

Yes.

As you can see, we're happy with our results today. Um, as we—

Very comforting to have such a strong deep broad team.

And.

That's why we produce the results that we do.

Regularly say and we're probably a little boring in this area but we uh, we have to thank our team of bankers.

So.

Suppose it's a little boring for some people quarter after quarter, where we're always putting up these.

Fantastic results.

And, uh, I know some of them listen to these calls, and if you're on the call, thank you. And, uh, we have a great group that's been together for a few decades and, uh,

But it takes a lot of effort.

Sure.

We don't take many days off around here and we do it.

The right way and the results speak for themselves and so.

It's very comforting to have such a strong, deep, broad team, and that's why we produce the results that we do.

Last quarter, we were.

And so, I suppose it's a little boring for you.

So I think the markets were expecting rate cuts in this quarter and how the market thinking maybe the rates will go the other way due to the increase in commodity prices associated with the middle Eastern conflict, who knows but the reason that.

Thomas Travis: Last quarter, I think the markets were expecting rate cuts in this quarter. Now the market's thinking maybe the rates will go the other way due to the increase in commodity prices associated with the Middle Eastern conflict. Who knows? The reason that I bring it up is that we are really proud of our ability to manage our NIM and to properly mix our balance sheet. We're not concerned about rates going down or rates going up. We're positioned either way. With all of that said, you can see the major metrics in the deck, and we're here to answer any questions. Thank you.

some people quarter after quarter, where we're always putting up these

fantastic results.

Um, but it takes a lot of effort. And, um,

Thomas Travis: Last quarter, I think the markets were expecting rate cuts in this quarter. Now the market's thinking maybe the rates will go the other way due to the increase in commodity prices associated with the Middle Eastern conflict. Who knows? The reason that I bring it up is that we are really proud of our ability to manage our NIM and to properly mix our balance sheet, and we're not concerned about rates going down or rates going up. We're positioned either way. With all of that said, you can see the major metrics in the deck, and we're here to answer any questions. Thank you.

And I bring it up is that we're really proud of our ability to manage our NIM and to properly mix our balance sheet.

We don't take many days off around here, and we do it the right way, and the results speak for themselves. And so, you know, last quarter, we were

And we're not concerned about rates.

Going down or rates going up we're positioned either way.

And so.

With all of that said you can see the major metrics.

Thinking maybe the rates will go the other way due to the increase in commodity prices associated with the Middle Eastern conflict, who knows? But the reason that, uh,

In the deck.

We are here to answer any questions. So thank you.

Yeah.

We will now begin the question and answer session to ask a question you May Press Star then one on your Touchtone phone.

The reason that I bring it up is that we are really proud of our ability to manage our NIM and to properly mix our balance sheet, and we're not concerned about rates.

Going down, our rates going up. We're positioned either way.

and so,

Operator: We will now begin the question and answer session. To ask a question, you may press star then one on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw the question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question comes from Nathan Race with Piper Sandler. Please go ahead.

If you were using a speakerphone please pick up your handset before pressing the keys.

If at any time. Your question has been addressed and you would like to withdraw the question. Please press Star then two.

With all of that said, you can see the major metrics in the in the deck and uh we're here to answer any questions. So thank you.

Operator: We will now begin the question and answer session. To ask a question, you may press star then one on your touch-tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw the question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question comes from Nathan Race with Piper Sandler. Please go ahead.

At this time, we will pause momentarily to assemble our roster.

We will now begin the question and answer session to ask a question. You may press star then 1 on your touchtone phone,

Our first question comes from Nathan race with Piper Sandler. Please go ahead.

If you were using a speaker-phone, please pick up your handset before pressing the keys.

Hi, Good morning. This is Adam <unk> on for Nathan race, and thanks for taking my questions.

If at any time your question has been addressed and you would like to withdraw the question, please press star, then 2.

At this time, we will pause momentarily to assemble our roster.

Adam Kroll: Hi, good morning. This is Adam Kroll on for Nathan Race, and thanks for taking my questions.

Good morning.

Yes, so maybe just starting on loan growth.

It looks like average loan growth was.

Thomas Travis: Hey, Adam. Good morning.

Pretty solid walls. Some payoff later in the quarter dragged down.

Adam Kroll: Yeah. Maybe just starting on loan growth, looks like average loan growth was pretty solid while some payoffs later in the quarter dragged down end-of-period balances. I guess, I'm curious if your expectations for loan growth has changed for the remainder of the year, and along with that, if you're seeing any noticeable change in demand within your energy portfolio.

Our first question comes from Nathan Race with Piper Sandler. Please go ahead.

Adam Kroll: Hi, good morning. This is Adam Kroll on for Nathan Race, and thanks for taking my questions.

End of period balances. So I guess I'm curious if your expectations for loan growth has changed for the remainder of the remainder of the year and along with that if youre seeing any noticeable change in demand.

Hi, good morning. This is Adam Kroll on for Nathan Race, and thanks for taking my questions.

Thomas Travis: Hey, Adam. Good morning.

Adam Kroll: Yeah, maybe just starting on loan growth. Looks like average loan growth was pretty solid, while some payoffs later in the quarter dragged down end-of-period balances. I guess, I'm curious if your expectations for loan growth has changed for the remainder of the year, and along with that, if you're seeing any noticeable change in demand within your energy portfolio.

Hey Adam. Good morning.

Within your energy portfolio.

Yes. Thanks for the question this is Jason.

I think our goals for the year remain intact, we are still thinking moderate single digit, but I would say that coming off of the third and fourth quarter. We had last year, where we had really robust growth kind of exceeded expectations in both quarters.

Jason Estes: Yeah, thanks for the question. This is Jason. I think our goals for the year remain intact. We're still thinking moderate single-digit, but I would say that coming off of the Q3 and Q4 we had last year, where we had really robust growth that kind of exceeded expectations in both quarters, we're not at that pace. I would say that it has slightly slowed down, but we had really nice bookings in Q1. Just expect kind of the same from us this year. I do think, like last year, we offset really sizable early payoffs throughout last year. That's a routine thing for us. I think you'll see more of that this year, in Q2 in particular.

Yeah, so maybe just um starting on loan growth. You know um looks like average loan growth was was pretty solid while some payoffs later in the quarter dragged down. Um end of period balances. So I guess I'm curious. If your expectations for loan growth has changed for the remainder of the remainder of the year and along with that if you're seeing any noticeable changes in demand, um, within your energy portfolio.

Jason Estes: Yeah. Thanks for the question. This is Jason. And I think our goals for the year remain intact. We're still thinking moderate single digit, but I would say that coming off of the third and fourth quarter we had last year, where we had really robust growth that kind of exceeded expectations in both quarters. We're not at that pace, so I would say that it has slightly slowed down, but we had really nice bookings in the first quarter. So just expect kind of the same from us this year. I do think, like last year, we offset really sizable early payoffs throughout last year. That's a routine thing for us. I think you'll see more of that this year, in the second quarter in particular. We expect pretty sizable payoffs, and then we'll just offset that with new loan bookings throughout the rest of the year.

We're not at that pace. So I would say that it has slightly slowed down, but we had really nice bookings in the first quarter.

So.

Just expect kind of the same from US this year I do think like last year, we offset really sizable early pay offs.

Throughout last year.

Routine thing for Us I think youll see more of that this year.

In the second quarter in particular, we expect pretty sizeable payoffs and then we will just offset that with with new loan bookings throughout the rest of the year.

Yeah, thanks for the question. This is Jason, and, you know, I think our goals for the year remain intact. You know, we're still thinking moderate single digit, but I would say that coming off of the third and fourth quarter we had last year, where we had really robust growth that kind of exceeded expectations in both quarters, you know, we're not at that pace. So I would say that it has slightly slowed down, but we had really nice bookings in the first quarter. Um, so

And as it relates to the energy portfolio.

Jason Estes: Pretty sizable payoffs, and then we'll just offset that with new loan bookings throughout the rest of the year.

I believe it's at a 10 year low it's about it was a little over 8% of the portfolio.

Thomas Travis: As it relates to the energy portfolio, I believe it's at a 10-year low. It was a little over 8% of the portfolio. In the energy space, most of your well-capitalized professional organizations really are not changing a lot as it relates to rushing out to drill, so to speak, I would say, just because of this spike in energy prices. I don't think anyone believes that there's any stability in the oil prices when it goes up due to what's going on in the Middle East. For us, we're opportunistic when those energy loan opportunities come along. It's not a huge driver for our company. We're active, and we like the portfolio we have. I wouldn't expect the energy piece to be causing a lot of dynamic change one way or the other.

Just expect kind of the same from us this year. I do think, you know, like last year we we offset really sizable early payoffs, um, throughout last year. That's a routine thing for us. I think you'll see more of that this year.

And so on.

On the energy space.

Most of your.

Well capitalized professional organizations.

Thomas Travis: As it relates to the energy portfolio, I believe it's at a 10-year low. It was a little over 8% of the portfolio. In the energy space, most of your well-capitalized professional organizations really are not changing a lot as it relates to rushing out to drill, so to speak, I would say, just because of the spike in energy prices. I don't think anyone believes that there's any stability in the oil prices when it goes up due to what's going on in the Middle East. For us, we're opportunistic when those energy loan opportunities come along, but it's not a huge driver for our company. We're active and we like the portfolio we have, but I wouldn't expect the energy piece to be causing a lot of dynamic change one way or the other.

Uh, in the second quarter in particular, you know, we expect pretty sizable payoffs, and then we'll just offset that with new loan bookings throughout the rest of the year.

Really are not changing a lot as it relates to.

Rushing out to drill so to speak I would say just because of the spike in energy prices I don't think anyone believes that there is any.

And as it relates to the energy portfolio, it's I believe it's at a 10 year low. It's about it was 8 a little over 8% of the portfolio.

Um and so, you know, on the energy space, yeah, most of your

Stability in the oil prices when it goes up due to what's going on in the middle East and so for US we're opportunistic when those energy loan opportunities come along.

Well capitalized, professional organizations. Um,

really are not.

Changing a lot as it relates to.

But it's not a huge driver for our company.

We're active.

We like the portfolio we have.

Uh, rushing out to drill, so to speak. I would say, just because of the spike in energy prices, I don't think anyone believes that there's any—

But I wouldn't expect the.

The energy piece to be causing a.

A lot of dynamic change one way or the other.

Stability in the oil prices when it goes up due to what's going on in the Middle East. And so for us, we're opportunistic.

Got it.

That's super Super helpful color.

Maybe shifting to the to the net interest margin.

When those energy loan opportunities come along, um, but it's not a huge driver for our company. Uh, we're active.

Adam Kroll: Got it. No, that's super helpful color. Maybe shifting to the net interest margin, some really nice expansion during the quarter, I was wondering if you could provide some color on how you expect the net interest margin ex loan fees to trend, assuming rates remain here through 2026.

It's really nice expansion during the quarter I was wondering if you could provide some color on how you expect the net interest margin ex loan fees to trend assuming rates remain here through 2006.

and we like the the portfolio we have, um, but I wouldn't expect the

Energy piece to be causing.

You know, a lot of dynamic change, one way or the other.

Hey, Adam This is Kelly, we didnt make some really good progress on the liability side cost of bonds.

And that was related to our talented bankers continuing to bring in some quality core deposit.

Kelly Harris: Hey, Adam, this is Kelly. We did make some really good progress on the liability side cost of funds, and that was related to our talented bankers continuing to bring in some quality core deposits. That said, we are modeling in that same range, 440 to 445, from a core NIM perspective. On the loan fee side of things, kind of reverting back to the normal of 28 to 35 basis points.

That said we are modeling in that.

Same range 440 to 45 from a core NIM perspective.

Kelly Harris: Hey, Adam, this is Kelly. We did make some really good progress on the liability side, cost of funds, and that was related to our talented bankers continuing to bring in some quality core deposits. That said, we are modeling in that same range, 440 to 445 from a core NIM perspective.

Got it. No that's that's super super helpful color. Um maybe shifting to the to the net, interest margin um some really nice expansion during the quarter. I was wondering if you could provide some color on how you expect the net interest margin X loan fees to Trend assuming rates remain here through 26.

And on the loan side of things.

Kind of reverting back to the normal of 28 to 35 basis points.

Okay.

Got it.

And then.

Lastly for me on capital management, just given the strong profitability metrics you should be building capital pretty strong clips. So I guess I'd be curious to hear your updated thoughts on M&A and just overall comfort level and letting capital levels build from here if the right partner doesn't come alone.

Hey Adam. This is Kelly. We did make some really good progress on the liability side costs of funds, and that was related to our talented bankers, you know, continuing to bring in some quality core deposits.

Adam Kroll: Got it. Lastly for me on capital management, just given the strong profitability metrics, you should be building capital at pretty strong clips. I guess I'd be curious to hear your updated thoughts on M&A and just overall comfort level in letting capital levels build from here if the right partner doesn't come along.

Kelly Harris: On the loan fee side of things, kind of reverting back to the normal of 28 to 35 basis points.

And on on the loan fee, side of things.

Kind of reverting back to the normal of 28 to 35 basis points.

Well clearly you know.

As we sit here today I think we ended the quarter at $15 96 on risk base.

Thomas Travis: Well, clearly, as we sit here today, I think we ended the quarter at 15.96 on risk-based, so we're probably over 16% today, who knows? Clearly, the need for us to accumulate more capital is not on the top of our minds, and we're more into growing organically and then on the M&A side. We've always been active in the M&A space, and for the right strategic opportunities, we're going to continue to pursue those. We think that would be an efficient use of the capital.

No.

We're probably over 16% today, who knows but.

Yes clearly.

The need for us to accumulate more capital is.

Thomas Travis: Well, clearly, as we sit here today, I think we ended the quarter at 15.96 on risk-based, so we're probably over 16% today. Who knows? Clearly, the need for us to accumulate more capital is not on the top of our minds, and we're more into growing organically and then on the M&A side. We've always been active in the M&A space, and for the right strategic opportunities, we're going to continue to pursue those, and we think that would be an efficient use of the capital.

Got it, and then, um, lastly, for me on Capital Management, you know, just given the strong profitability metrics, you should be building Capital at pretty strong Clips. So I guess I'd be curious to hear your updated thoughts on m&a and just overall Comfort level and letting Capital levels build from here. If the right partner doesn't come along.

Not off the top of our minds and we're more into.

Growing.

Organically and then on the M&A side and so.

Well clearly. Yeah, you know as we see here today I think we ended the quarter at 15.96 on risk base

so,

We've always been active in the M&A space and for the right strategic opportunities, we're going to continue to pursue those and.

And we think that would be an efficient use of the capital.

Okay.

Got it thanks for taking my questions.

Our next question comes from will Jones with <unk>. Please go ahead.

Adam Kroll: Got it. Thanks for taking my questions.

Yeah, Hey, Thanks, Good morning, guys jumping in for what do you lay.

Operator: Our next question comes from Will Jones with KBW. Please go ahead.

I wanted to follow up on the margin discussion and specifically just talking about on the call said that Phil just.

We're probably over 16% today, who knows? But um, you know clearly, yeah, the need for us to accumulate more capital is is not on the top of our minds and we're more into, you know, growing and organically and then on the m&a side. And so we've we've always been active in the m&a space and for the right strategic opportunities. We're going to continue to pursue those and uh, and we think that would be an efficient use of the capital.

Will Jones: Yeah. Hey, thanks. Good morning, guys. Jumping in for Woody Lay. I wanted to follow up on the margin discussion and specifically just talk about deposit costs. It feels as, Tom, you alluded to that the market has all but pulled cuts out of the forecast. Maybe even we see up rates this year. You guys kind of see the margin more stable in that setting. Specifically with deposit costs, how would you guys characterize the competitive environment right now? In that scenario, is there a chance we actually see deposit costs trickle up towards H2 of the year, just as competitive dynamics kind of increase?

Adam Kroll: Got it. Thanks for taking my questions.

Got it. Thanks for taking my questions.

Tommy you alluded that.

Operator: Our next question comes from Will Jones with KBW. Please go ahead.

The market is all of the pork cuts out of the forecast maybe even we see operates this year.

Our next question comes from Will Jones.

Will Jones: Yeah. Hey, thanks. Good morning, guys. Jumping in for Woody Lay. I wanted to follow up on the margin discussion and specifically just talk about deposit costs. Tom, you alluded that the market has all but pulled cuts out of the forecast. Maybe even we see up rates this year. You guys kind of see the margin more stable in that setting. Specifically with deposit costs, how would you guys kind of characterize the competitive environment right now? In that scenario, is there a chance we actually see deposit costs trickle up towards H2 of the year just as competitive dynamics kind of increase?

With KBW, please go ahead.

You guys kind of see the margin more stable.

In that setting.

But specifically with deposit costs, how would you guys kind of characterize the competitive environment right now and in that scenario.

Is there a chance, we actually see deposit costs trickle up towards the back half of the year, just as competitive dynamics kind of kind of increase.

I don't think you're going to see I don't think its that dynamic so to speak.

If you.

Thomas Travis: I don't think it's that dynamic, so to speak. It's really kind of a two-part question you ask, and I don't see a massive fluctuation or any meaningful fluctuation in deposit costs. Now, that's absent a rate increase, right? I'm just assuming that there's no rate increase. The second part is as far as the margin goes related to that, we provide that in the deck on the stability and the lack of volatility in the margin. We don't expect anything materially different.

So it's really kind of a two part question you're asking.

I don't see a massive fluctuation or any meaningful fluctuation in deposit cost.

Thomas Travis: I don't think it's that dynamic, so to speak. It's really kind of a two-part question you ask, and I don't see a massive fluctuation or any meaningful fluctuation in deposit costs. Now, that's absent a rate increase, right? I'm just assuming that there's no rate increase. The second part is, as far as the margin goes related to that, we provide that in the deck on the stability and the lack of volatility in the margin. We don't expect anything materially different.

And then secondly, now that's absent.

Yeah. Hey thanks. Good morning, guys. Jumping in, uh, for, for what do you lay? Um, I I wanted to, uh, follow up on, on the margin discussion and specifically just talk about the product costs, that it feels just um, you know, to comment you alluded that. Uh, the market has has all, but, you know, pulled cuts out of the forecast, maybe even we we see up rates this year. Um, but but you guys kind of see the margin, you know, more stable, um, in that setting. Um, but specifically, with the deposit costs, you know? How how would you guys kind of characterize the, the competitive environment right now, and in that scenario? Um, you know, is there a chance we actually see deposit costs, you know, trickle up, you know, towards the back half of the year just as competitive Dynamics, um, you know, kind of kind of increase.

Our rate increase right. So I'm, assuming that there's no rate increase and then the second part is as far as the margin goes related to that.

oh, I think you're going to see I I don't think it's that Dynamic so to speak and you know, if you

We just look back at our.

We provide that in the deck on the stability and the lack of volatility in the margin. So we don't we don't expect anything materially different.

So, it's really kind of a two-part question. You asked, and I don't—I don't see a massive...

Fluctuation or any meaningful fluctuation in.

Okay.

Okay got it that's helpful and then.

Maybe could you guys just call you guys called out some some interest recoveries you saw this quarter would you be able to just quantify that just so we can.

Deposit costs, um, and then secondary now that's absent a rate increase, right? So I'm assuming that there's no rate increase and then the second part is, as far as the margin goes related to that.

you know, we just look back at our

Will Jones: Okay. Got it. That's helpful. You guys call out some interest recoveries you saw this quarter. Would you be able to just quantify that just so we can think about kind of a clean, more recurring margin run rate this quarter?

Think about kind of a clean more recurring margin run rate this quarter.

We provide that in the deck on the stability, and the lack,

Yes from a core NIM perspective, I think the non accrual interest.

Of volatility in the margin, so we don't—we don't expect anything materially different.

Net was $1 1 million a little bit under.

Kelly Harris: Yeah. From a core NIM perspective, I think the non-accrual interest net up was $1.1 million, a little bit under. On a fee perspective, it was closer to $1.7. Again, that reverts us back to that normalized core NIM of 440 and then 28 to 30+ basis points on the fee side.

And then on a fee perspective.

It was closer to one seven.

And so again that reverses back to that normalized core NIM.

Okay, got it. That's helpful. And then, uh, maybe could you guys just — could you call out some interest recoveries you saw this quarter? Would you be able to just quantify that, just so we can, um, think about kind of a clean, you know, more recurring margin run rate this quarter?

Kelly Harris: Yeah. From a core NIM perspective, I think the non-accrual interest net up was $1.1 million, a little bit under. On a fee perspective, it was closer to 1.7. Again, that reverts us back to that normalized core NIM of 4.40 and then 28 to 38+ basis points on the fee side.

440.

28% to 30 plus basis points on the fee side.

Got it okay.

Yeah, from a core NIM perspective, I think the non-accrual interest, you know, net up was $1.1 million—a little bit under.

Very helpful. There.

I wanted to just pivot to the credit discussion I know.

And then on a, a fee perspective.

Will Jones: Got it. Okay. Very helpful there. I wanted to just pivot to the credit discussion. I know that there's just puts and takes on credit each quarter. Very little migration, generally speaking, and asset quality is strong. You guys have really kind of hit a zero provision for the past, call it four out of five quarters. What is the messaging on the provision and reserve levels going forward? It feels like at some point that trend may have to give a little bit, but I just wanted to kind of get your views on the provision and where you see the credit story today.

Theres just puts and takes on.

It was closer to, you know, 1 7.

Credit each quarter, but very little migration generally speaking and asset quality is strong.

And you guys are really kind of a zero provision for the past.

and so again that reverts us back to that, you know, normalize corn, M of, you know, 440,

Will Jones: Got it. Okay. Very helpful there. I wanted to just pivot to the credit discussion. I know that there's just puts and takes on credit each quarter. Very little migration, generally speaking, and asset quality is strong. You guys have really kind of hit a 0 provision for the past, call it four out of five quarters. What is the messaging on the provision and reserve levels going forward? It feels like at some point that trend may have to give a little bit, but I just wanted to kind of get your views on the provision and where you see the credit story today.

Five out of Boral.

And then 28 to 30-plus basis points on the P side.

Florida five quarters.

What is the messaging on the provision and reserve levels going forward.

It feels like at some point that that trend that may have to give a little bit but I just wanted to kind of get your views on the provision.

You see.

The credit story today.

A little bit challenging of a question to answer when we really don't know what the economy is going to do for the rest of the year, but what we're looking at today is.

Jason Estes: A little bit challenging of a question to answer when we really don't know what the economy's going to do for the rest of the year. What we're looking at today is, I think our credit book is as clean as it's ever been. There was some migration during the quarter. When you see that non-accrual interest recovery, those loans were paid in full, and so we had multiple credits transition out, full payoffs, and then we had a couple of downgrades during the quarter. On the surface, it looks like the numbers were fairly neutral, but I can't overstate how active we are at managing the loan portfolio from a credit quality standpoint. Let's say we grow the book again a pretty sizable amount and the economy stays the same, yeah, we'll have to provision a little bit more.

I mean, I think our credit book is as clean as it's ever been and there was some some migration during the quarter. When you see that non non accrual interest recovery I mean, those loans were paid in full and so we had multiple.

Got it. Okay, uh, very helpful there. Um, I I wanted to just just pivot to, to the credit discussion, you know, I know that they're just puts and takes on on, you know, credit of each quarter, very little migration generally. Speaking and asset quality is strong, um, and and you guys are really, you know, kind of had a zero provision for the past. I don't know, call it 5 out of 4 out of 5 quarters. Um, but what what is the messaging on the provision and and Reserve levels going forward? Um you know it it it feels like at some point that that Trend may have to give a little bit but I just wanted to kind of get your views on on the provision and and where you see, um

The, the credit story uh today.

Jason Estes: It's a little bit challenging of a question to answer when we really don't know what the economy's going to do for the rest of the year. What we're looking at today is, I think our credit book is as clean as it's ever been, and there was some migration during the quarter. When you see that non-accrual interest recovery, those loans were paid in full, and so we had multiple credits transition out, full payoffs, and then we had a couple of downgrades during the quarter. On the surface, it looks like the numbers were fairly neutral, but I can't overstate how active we are at managing the loan portfolio from a credit quality standpoint. Let's say we grow the book again a pretty sizable amount and the economy stays the same, yeah, we'll have to provision a little bit more.

Credits transition out full payoffs and then we had a couple of downgrades during the quarter, but.

On the surface it looks like the numbers were fairly neutral, but I can't overstate, how active we are managing the loan portfolio from a credit quality standpoint, and so.

<unk>.

Let's say, we grow the book again.

Sizable amount and the economy stays the same yes, we will have to provision a little bit more but if the if the loan growth is more timid think low low single digits. Then we may not have to provision more.

Jason Estes: If the loan growth is more timid, think low single digits, then we may not have to provision more. Let's see what's going on. There's quite a conflict going in the Middle East. Does that intrude into our daily lives here in a bigger way? So far it's been a non-event, especially within our credit book. We're going to stay true to our fundamentals and do the same things we've done for the last decade.

And let's see what's going on here.

Quite a conflict going in the middle East and so does that does that intrude into our daily lives here in a bigger way so far it's been a non event, especially within our credit book, but.

Recovery. I mean, those loans were paid in full, and so we had multiple, uh, credits transition out—full payoffs. And then, you know, we had a couple of downgrades during the quarter, but, you know, on the surface, it looks like the numbers were fairly neutral. But I can't overstate how active we are at managing the loan portfolio from a credit quality standpoint, and so, you know,

We're going to we're going to stay true to our fundamentals and do the same things we've done for the last.

Decades.

I would also add to that.

We have quoted a payoff for this Friday.

For the.

Thomas Travis: I would also add to that that we have quoted a payoff for this Friday. For the only really material remaining NPA that we have, we have a high confidence factor that that's going to happen. If that happens, the net effect would be NPAs of somewhere in that $4 to $5 million range. When you look at $4 or $5 million on our portfolio, I think that equates to 25 basis points or something like that. To echo Jason's comments, we certainly don't feel any pressure, absent a macro event, worry about building more ACL loan loss reserve.

The only really material remaining NPA that we have we have a high confidence factor.

It's going to happen and if that happens the net effect would be.

Thomas Travis: I would also add to that we have quoted a payoff for this Friday. For the only really material remaining NPA that we have, we have a high confidence factor that's going to happen. If that happens, the net effect would be NPAs of somewhere in that $4 to 5 million range. When you look at $4 or 5 million on our portfolio, I think that equates to 25 basis points or something like that. To echo Jason's comments, we certainly don't feel any pressure absent a macro event to worry about building more ACL loan loss reserve.

Let's say we we grow the book again, you know a pretty sizable amount in the economy stays the same. Yeah, we'll have to provision a little bit more, but if the if the loan growth is more timid think low low single digits, then we may not have to provision more, you know it it it just and let's see what's going on. You know there's quite a conflict going in the Middle East and so does that does that intrude into our daily lives here in a bigger way so far? It's been a non-event especially within our credit book but you know, we're going to, we're going to stay true to our fundamentals and do the same things we've done for the last, you know, decade.

So somewhere in that 4% to $5 million range.

I would also add to that that

And when you look at $4 million to $5 million on our portfolio I think that equates to 25 bps or something like that so to echo Jason's comments.

We have quoted a payoff for this Friday.

that um, for the

The only really material remaining NPA that we have.

We certainly don't feel any pressure absent a macro event.

About building more.

Oh, well loss reserve.

We have a high confidence factor that that's going to happen, and if that happens, the net effect would be NPAs of somewhere in that $4 to $5 million range.

Yes, Todd.

Appreciate all that context, I know I'm, asking you to look into a crystal ball a little bit there. So thanks for that.

And when you look at $4 million and $5 million on our portfolio, I think that equates to 25 bips or something like that.

Will Jones: Yeah. Okay. I appreciate all that context. I know I'm asking you to look into a crystal ball a little bit there, so thanks for that. I guess, just one last one for me, just on capital. We've talked about buybacks not really being an efficient use for you guys. Just through your lens, could you just remind, is that still kind of how you're viewing the buyback? Does it look any more attractive today than it did, say, 90 days ago? I would love your thoughts there.

I guess just one last one for me just on capital.

So, to echo Jason's comments, um, we certainly don't feel any

pressure.

We've talked about buybacks not not really being an efficient news for you guys. Just just through your lens just could you just remind us that that's still kind of how your view on the buyback and does it look any more attractive today than it did say 90 days ago.

Absent to macro worry about.

Building more.

Will Jones: Yeah. Okay. I appreciate all that context. I know I'm asking you to look into a crystal ball a little bit there, so thanks for that. I guess, just one last one for me, just on capital. We've talked about buybacks not really being an efficient use for you guys. Just through your lens, could you just remind us, is that still kind of how you're viewing the buyback, and does it look any more attractive today than it did, say, 90 days ago? Would love your thoughts there.

Aiko well less reserved.

I would love your thoughts there.

Well look buybacks are.

Often said this that.

We're blessed with.

Thomas Travis: Well, look, we've often said this, that we're blessed with a very top 1% return on equity in our company. Because of that, we produce really good earnings per share, and we're not driven to reach for increasing EPS by doing some share buybacks. We've been beneficiaries of strong earnings and growth. Now with that said, as we've said the last few quarters, we recognize that we're very capital heavy and especially for a company with no debt. At some point the rubber meets the road. Just generally speaking, our philosophy is too strong of a word. Our view is that the share buybacks really don't add franchise value, and it's more of a short-term mechanism. I'm not trying to suggest that we would never do one.

Very top 1%.

Return on equity in our company and because of that.

We produce really good earnings per share.

Thomas Travis: Well, look, we've often said this, that we're blessed with a very top 1% return on equity in our company. Because of that, we produce really good earnings per share, and we're not driven to reach for increasing EPS by doing some share buybacks. We've been beneficiaries of strong earnings and growth. Now with that said, as we've said the last few quarters, we recognize that we're very capital heavy, and especially for a company with no debt. At some point, the rubber meets the road. Just generally speaking, philosophy is too strong of a word. Our view is that the share buybacks really don't add franchise value, and it's more of a short-term mechanism. I'm not trying to suggest that we would never do one.

Yeah. Okay, I appreciate all that context. I know I'm asking you to look into a crystal ball, a little bit there, so thanks for that. Um, I guess thought just just 1 last 1 for me, just on on Capital. I, I, we, we've talked about, you know, BuyBacks, not not really being an efficient use for you guys. Um, just just through your lens just could, could you just remind us? Is that is that still kind of how you're viewing the buyback and, and, and does it look any more attractive today than it did say 90 days ago? Um, would love your thoughts there.

And we're not driven.

To reach for.

Well look BuyBacks are you know, we often said this? That

We're blessed with.

Increasing EPS by doing it through share buybacks, we've been beneficiaries of our strong earnings and growth and so now with that said as we have.

Said the last few quarters, we recognize that we are.

We're very very capital heavy.

A very top 1% return on equity in our company, and because of that, we produce really good earnings per share, and we're not driven—

And especially for a company with no debt.

And so.

to reach for.

You know at some point the rubber meets the road, but just generally speaking our philosophy.

Philosophy is too stronger word our view is that.

Increasing EPS by doing it through share buybacks, we've been beneficiaries of strong earnings and growth.

The share buybacks.

Really don't add franchise value.

And it's more of a short term mechanism. So I'm not trying to suggest that we would never do one what I'm simply saying is is that it it it hasnt been.

And so now with that said, you know, as we've said, the last few quarters, we recognize that we are, you know, we're very, very Capital heavy and, you know, especially for a company with no debt.

A critical need for us in the past, but clearly.

Thomas Travis: What I'm simply saying is that it hasn't been a critical need for us in the past. Clearly, if there were ever a time in the future where we felt like that the buybacks would make sense, it would probably be driven by a good share repurchase price and no other alternatives.

And so, you know, at some point the rubber meets the road, but just generally speaking, our philosophy—um, philosophy is too strong of a word—our view is that

If there were ever a time in the future, where we felt like that the buybacks would make sense.

Uh, the the share BuyBacks.

Really don't add franchise value.

It would probably be driven by <unk>.

Good share repurchase price.

And no other alternatives.

Yeah, Okay. That's all fair enough I appreciate all the color guys. Thank you.

Uh, and it's more of a short-term mechanism. So I'm not trying to suggest that we would never do one. What I'm simply saying is, is that it hasn't been a critical need for us in the past. But clearly, um, if there were ever a time in the future where we felt like that, the

Will Jones: Yeah, okay. That's all fair enough. I appreciate all the color, guys. Thank you.

Our next question is from Jordan <unk> with Stephens. Please go ahead.

Would make sense.

Uh, it would probably be driven by

Hey, good morning, Thanks for taking my question I just had one follow up on the.

a good share of repurchase price.

Operator: Our next question is from Jordan Ghent with Stephens. Please go ahead.

Um, and no other alternatives.

Migration on those.

Will Jones: Yeah, okay. That's all fair enough. I appreciate all the color, guys. Thank you.

Downgrades during the quarter is there any additional details you could give on the type of credits they were in.

Jordan Ghent: Hey, good morning. Thanks for taking my question. I just had a follow-up on the migration on those downgrades during the quarter. Is there any additional details you could give on the type of credits they were, and kind of the loan type, and things like that?

Yeah, okay, that's all fair enough. Um, I appreciate all the color, guys. Thank you.

Operator: Our next question is from Jordan Ghent with Stephens. Please go ahead.

Kind of.

Kind of the loan type and things like that.

Our next question is.

Yeah.

Yeah. So we had a large builder developer relationship that we downgraded during the quarter and that was the one Tom referenced that.

Jordan, again with Stevens. Please go ahead.

Jason Estes: Yeah. We had a large builder-developer relationship that we downgraded during the quarter, and that was the one Tom referenced that we think will pay off this week. That's the only industry-specific thing that I could get into.

We think will pay off this week so.

Hey, good morning. Thanks for taking my question. Um, I just had a follow-up on the, uh, migration on those. Uh,

That's the only industry specific thing that I could get into.

Okay got it and then just one.

Downgrades during the quarter. Is there any additional detail you can give on the, uh, type of credits they were and, um, kind of, uh, kind of the loan type and things like that?

One more follow up for me.

Around kind of the M&A discussion I think previously you've brought up the idea of doing an moe.

Jordan Ghent: Okay. Got it. Just one more follow-up from me, around kind of the M&A discussion. I think previously you've brought up the idea of doing an MOE. Is that something that's still on the table, or would you be kind of looking more towards downstream partners?

That something that's still on the table or would you be kind of looking more towards the downstream partners.

Builder-developer relationship that we downgraded during the quarter, and that was the one.

Well I think the answer is both.

Jordan Ghent: Okay, got it. Just one more follow-up for me around kind of the M&A discussion. I think previously you've brought up the idea of doing an MOE. Is that something that's still on the table, or would you be kind of looking more towards downstream partners?

We don't.

Strategic matters.

Are inherently long term in nature.

Thomas Travis: I think the answer is both. Strategic matters are inherently long-term in nature, and so we've not deviated from our thinking on that.

And so we have not deviated from our thinking on that.

Perfect and then actually just one more could you guys maybe touch on the.

Thomas Travis: I think the answer is both. Strategic matters are inherently long-term in nature, and so we've not deviated from our thinking on that.

Okay. Got it. And then uh, just 1 more follow-up for me, um, around kind of the m&a discussion. I I think previously you've brought up the idea of doing Inouye is that something that that's still on the table or would you be kind of looking more towards uh, Downstream partners?

I think the answer is both.

Fees and expense guidance going forward, and maybe excluding the oil and gas impact.

Jordan Ghent: Perfect. Actually just one more, could you guys maybe touch on the fees and expense guidance going forward and maybe excluding the oil and gas impact?

Strategic matters.

Yes, Q2 on the expense side, we're projecting internally and that range of $9 million in nine to five.

Are inherently long-term in nature and so we've not deviated from our thinking on that.

Jordan Ghent: Perfect. Actually just one more, could you guys maybe touch on the fees and expense guidance going forward and maybe excluding the oil and gas impact?

Kelly Harris: Yeah. For Q2, on the expense side, we're projecting internally in the range of $9 to 9.25 million. On the fee side, low end is $750,000, upwards of $850,000, range.

And on the fee side low end is 750000 upwards of $8 50.

Okay.

Yeah.

What are you talking about fee noninterest income.

Kelly Harris: Yeah, for Q2 on the expense side, we're projecting internally in the range of $9 to 9.25 million. On the fee side, low end is $750,000, upwards of $850,000.

Perfect. And then actually just one more. Could you guys maybe touch on the fees and expense guidance going forward, and maybe, you know, excluding the oil and gas impact?

Oh.

Okay, Yes, yes, noninterest income perfect and that's it for me thanks for taking my questions.

Thomas Travis: What are you talking about, Woody? I didn't follow.

Kelly Harris: Non-interest income.

Yeah, the Q2 on the expense side, we're projecting internally in that range of $99,000 to $9.25.

Thomas Travis: Oh, okay.

Yeah.

Jordan Ghent: Yeah, non-interest income. Perfect. That's it for me. Thanks for taking my questions.

and on the seaside,

Our next question comes from Nathan race with Piper Sandler. Please go ahead.

low end of 750,000 upwards of 850, so,

Thomas Travis: What are you talking about, fee? I didn't know.

Kelly Harris: is in the output. * Yes. * Wait, I'll check if "Non-interest income." is in the output. * Yes. * Wait, I'll check if there are any "speaker labels". * No. * Wait, I'll check if there is any "extra metadata". * No. * Wait, I'll check if there is any "additional commentary". * No. * Wait, I'll check if there is any "explanation". * No. * Wait, I'll check if the "final review" is done. * Yes. * Wait, I'll check if "no unintended changes have been introduced". * Yes. * Wait, I'll check if "absolute word-for-word... accuracy" is maintained. * Yes. * Wait, I'll check if "number accuracy" is maintained. * Yes (no numbers). * Wait, I'll check if "glossary" was used. * Yes (checked, but no relevant entries). * Wait, I'll check if "prioritize the transcript's form over glossary expansion" was followed.

Hi.

Operator: Our next question comes from Nathan Race with Piper Sandler. Please go ahead.

Thomas Travis: Oh, okay.

What are you talking about, fee? I don't, I didn't—not an interesting account.

Maybe just a follow up for Kelly.

Jordan Ghent: Yeah, non-interest income. Perfect. That's it for me. Thanks for taking my questions.

An updated expectations for the impact of fees and expenses from the oil and gas.

Adam Kroll: Hi. Yeah, maybe just a follow-up for Kelly, just on updated expectations for the impact to fees and expenses from the oil and gas.

Oh, hey. Yeah, non-interest income—perfect. And, uh, that's it for me. Thanks for taking my question.

Operator: Our next question comes from Nathan Race with Piper Sandler. Please go ahead.

I mean, I think that it'll be continues.

The expense offsetting the income so not really material to the bottom line, but temporarily grossing up both sides of the P&L.

Our next question comes from Nathan Race with Piper Sandler. Please go ahead.

Adam Kroll: Hi. Yeah, maybe just a follow-up for Kelly, just on updated expectations for the impact to fees and expenses from the oil and gas.

Kelly Harris: I think that it'll be continued, the expense offsetting the income, not really material to the bottom line, but temporarily grossing up both sides of the P&L.

And made this is Tom we've as we've mentioned in the last.

I know last quarter I think the last two quarters, perhaps three.

Hi, uh, yeah, maybe just a follow-up for Kelly. Um, just on updated expectations for the impact of fees and expenses from the oil and gas.

Kelly Harris: I think that it'll be continued, the expense offsetting the income, so not really material to the bottom line, but temporarily grossing up both sides of the P&L.

Thomas Travis: Nate, this is Tom. As we've mentioned, I know the last quarter and I think the last two quarters, perhaps three, we have accomplished our goal. As you recall, the goal was to reduce the hit that we had on an energy loan, and we're delighted with the results. We're, what are we, 20 months in, 20?

We have accomplished our goal is as you recall.

I mean, I think that it'll be continued.

The goal was to reduce the hit that we had on an energy loan and we're delighted with the results and where we're at with 20 months in 'twenty.

Thomas Travis: Nate, this is Tom. As we've mentioned the last quarter and I think the last two quarters, perhaps three, we have accomplished our goal, as you recall. The goal was to reduce the hit that we had on an energy loan, and we're delighted with the results. What are we, 20 months in? 20?

The extent offsetting the income. So not really material to the bottom line, but, you know, temporarily grossing up both sides of the P&L.

And Nate, this is Tom. As we've mentioned the last

Yes, 20 months 20 months into it and we've accomplished our goal.

I think that for us to continue to hold that asset is just not something that we would we would plan to do and I think that as a reminder.

Kelly Harris: I mean, yeah, 20 months.

Thomas Travis: 20 months into it, and we've accomplished our goal. I think that for us to continue to hold that asset is just not something that we would plan to do. I think that as a reminder, we have signaled to the market that we look at it as a cash recovery versus a GAAP income item. If we do exit that portfolio, then we may have an adjustment, very slight, on the GAAP, the way they've recognized income on a GAAP basis. On a cash basis, we already have accomplished what we wanted to accomplish. I bring all that up to say that it's a really small item. It's a real outlier item. We're delighted with what we've done and what we've accomplished, and I would expect that to be either gone altogether or diminished quite a bit over the next few months.

We have signaled to the market that we look at it as a cash recovery versus the GAAP income.

Thomas Travis: I mean, yeah, 20 months.

Thomas Travis: 20 months into it, and we've accomplished our goal. I think that for us to continue to hold that asset is just not something that we would plan to do. I think that, as a reminder, we have signaled to the market that we look at it as a cash recovery versus a GAAP income item. If we do exit that portfolio, then we may have an adjustment or very slight on the GAAP of the way they've recognized income on a GAAP basis, but on a cash basis, we already have accomplished what we wanted to accomplish. I bring all that up to say that it's a really small item. It's a real outlier item.

I know the last quarter, and I think the last 2 quarters perhaps 3. Um, we have a accomplished our goal as, as you recall. Um, the goal was to reduce the hit that we had on an energy loan and we're delighted with the results. And we're, what are we 20 months in 20?

Item and so if we do exit that.

Our portfolio then we may have an adjustment for very slight on the gap.

The way they've recognized income on a GAAP basis, but on a cash basis.

We will have we already have accomplished what we wanted to accomplish and so I bring all that up to say that that it's a really small item.

It's a real outlier item, we're delighted with what we've done and what we've accomplished and I would expect that to be.

Either gone altogether or diminished quite a bit over the next few months.

Got it thanks for taking my questions.

How many? Yeah, 20 months 20 months into it and we've accomplished our goal and I think that for us to continue to hold that asset is just not something that we would, we would plan to do. And, and I think that, you know, as a reminder, um, you know, we have signaled to the market that, you know, we look at it as a cash recovery versus a gap income, uh, item, and so it, we do exit that, uh, portfolio. Then we may have an adjustment for a very slight on the Gap. Uh, the way they've recognized income on the Gap basis, but on a cash basis, um, we will have we already have a accomplished what we want to do accomplish and so I bring all that up to say that that um it's a really small item.

This concludes our question and answer session.

Thomas Travis: We're delighted with what we've done and what we've accomplished, and I would expect that to be either gone altogether or diminished quite a bit over the next few months.

Adam Kroll: Got it. Thanks for taking my questions.

I'd like to turn the call back over to Tom Travis for any closing remarks.

Operator: This concludes our question and answer session. I would like to turn the call back over to Tom Travis for any closing remarks.

Again, thank you for joining the call we're delighted to be where we are and continue to produce these results.

Uh, it's a real outlier item. We're delighted with what we've done and what we've accomplished, and I would expect that to be, um, either gone altogether or diminished quite a bit over the next few months.

Adam Kroll: Got it. Thanks for taking my questions.

We're mindful of the macro middle eastern situation and when.

Thomas Travis: Again, thank you for joining the call. We're delighted to be where we are and continue to produce these results. We're mindful of the macro Middle Eastern situation. When the inflation starts biting, as predicted because of the higher oil prices, we're prepared as much as anybody can be for it. In the meantime, it's steady as she goes for Bank7. Thank you.

Got it. Thanks for taking my questions.

Operator: This concludes our question and answer session. I would like to turn the call back over to Thomas Travis for any closing remarks.

When the inflation starts biting as predicted because of the higher oil prices.

We are prepared as much as anybody can be for it.

Thomas Travis: Again, thank you for joining the call. We're delighted to be where we are and continue to produce these results. We're mindful of the macro Middle East situation, and when the inflation starts biting as predicted because of the higher oil prices, we're prepared as much as anybody can be for it. In the meantime, it's steady as she goes for Bank7. Thank you.

This concludes our question-and-answer session. I would like to turn the call back over to Thomas Travis for any closing remarks.

Again, thank you for joining.

And in the meantime, it's steady as she goes for banks of it.

Thank you.

Okay.

The call. We're delighted to be where we are and continue to produce these results and um we're mindful of the macro Middle Eastern situation and

The conference has now concluded. Thank you for attending today's presentation you may now disconnect.

Operator: The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.

when the inflation starts biting as predicted because of the higher oil prices, uh, you know, we're prepared as much as anybody can be for it and, and, uh, in the meantime and Steady As She Goes for Bank 7,

Thank you.

Operator: The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.

The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.

Q1 2026 Bank7 Corp Earnings Call

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