OKLAHOMA
CITY, July 31, 2023 /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 an
increase to its quarterly cash dividend to $0.21 per common share from the current
$0.16 per common share. This dividend
represents a 31.25% increase to the current dividend and is the
fourth consecutive annual increase in BSVN's quarterly cash
dividend. The dividend will be paid on October 10, 2023 to shareholders of record as of
the close of business on September 26,
2023.
Thomas L. Travis, President and
CEO of the Company said, "Today's announcement of a 31.25% increase
in our quarterly cash dividend illustrates the strength of our core
earnings growth and reflects our confidence in sustaining those
core earnings. Even with the large increase, we continue to
enjoy a low dividend payout ratio compared to industry averages,
and therefore, we expect to continue our long-established practice
of building shareholder value at a rapid pace."
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 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 pursuing 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.
