Bank7 Corp. Announces a 10% Increase in Quarterly Cash Dividend

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Bank7 Corp. (NASDAQ: BSVN) announced a 10% increase in its quarterly cash dividend, now $0.11 per share, up from $0.10. The dividend will be distributed on January 7, 2021, to shareholders recorded by December 22, 2020. This decision reflects the company’s confidence in its earnings and strong capital position. President and CEO Thomas L. Travis emphasized the company’s commitment to return capital to shareholders through this increase.

Positive

• 10% increase in quarterly cash dividend to $0.11 per share.
• Strong earnings and capital position support dividend increase.
• Commitment to returning capital to shareholders.

Negative

• None.

OKLAHOMA CITY, Dec. 8, 2020 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN), the parent company of Oklahoma City-based Bank7 (the "Company"), is pleased to announce that its Board of Directors has declared a quarterly cash dividend of $0.11 per common share, a 10% increase to the prior quarterly cash dividend of $0.10 per common share. The dividend will be paid on January 7, 2021, to shareholders of record as of the close of business on December 22, 2020.

Thomas L. Travis, President and CEO of the Company said, "Today's announcement of a 10% increase to the Company's quarterly cash dividend reflects confidence in our strong earnings, is further supported by our strong capital position, and reaffirms our commitment to return capital to shareholders."

About Bank7 Corp.

We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate nine full-service branches 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.

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 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

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SOURCE Bank7 Corp.

FAQ

What is the new dividend amount for Bank7 Corp. (BSVN)?

The new dividend amount for Bank7 Corp. is $0.11 per common share.

When will Bank7 Corp.'s dividend be paid?

The dividend will be paid on January 7, 2021.

When is the record date for Bank7 Corp.'s dividend?

The record date for the dividend is December 22, 2020.

What was the previous dividend amount for Bank7 Corp. (BSVN)?

The previous dividend amount was $0.10 per common share.