Recent Updates — BSVN
Bank7 Corp. reported Q2 2026 results with net income of $8.35 million and diluted earnings per share of $0.87, representing a 25% decrease compared to the same period in 2025. The company successfully completed the sale of its oil and gas assets and maximized a loan loss recovery related to an energy loan, resulting in a total cash recovery of $20.2 million. Bank7 Corp. is a financial services company providing community banking services in Oklahoma and Texas.
Bank7 Corp. entered into a Stock Purchase Agreement on July 1, 2026, to acquire a controlling interest in Century Financial Services Corporation via a $68.0 million cash purchase. The transaction involves purchasing 237,136 shares of common stock, representing approximately 71% of Century's outstanding shares, from a court-appointed receiver. The agreement acts as a 'stalking horse' bid, subject to court approval and potential auction. Bank7 Corp. is required to pay a $7.25 million good-faith deposit, and a $2.04 million break-up fee is included in the following terms. Bank7 Corp. is a financial services company providing banking operations.