Slides
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0 Q4 and Full Year 2025 Earnings Release January 15, 2026
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1 Earnings Release: Q4 2025 and Full Year BSVN – Corporate Overview Consistently ranked by S & P Global Market Intelligence as one of the Top Performing Community Banks in the United States ■ Consistently produce top tier earnings and ROATCE (3) ■ Proven ability to maintain a healthy net interest margin through various interest rate cycles ■ Abundant liquidity and a properly matched balance sheet ■ Disciplined credit culture that adheres to our comprehensive risk management practices ■ High level of capital provides comfort and flexibility ■ EPS: Strong performance not driven by share buybacks ■ Dividend Payout Ratio: 21.7%, which is lower than the average 35% pay out ratio for dividend-paying banks(4) ■ Shareholder alignment due to 55% insider ownership Dollars in thousands, except per share data. All data as of December 31, 2025, unless indicated otherwise (1) Pre-provision pre-tax earnings (“PPE”) and net interest margin excluding loan fees are non-GAAP financial measures. See appendix for reconciliation to their most comparable GAAP measure (2) Adjusted core are non-GAAP financial measures. See appendix for reconciliation to their most comparable GAAP measures (3) See slide 6 for the corresponding comp arison between BSVN and peer group (4) Exchange-traded banks nationwide; Source: S&P Global Market Intelligence Q4 2025 Q3 2025 % Change 2025 2024 % Change Total assets 1,963,640 $ 1,891,435 $ 3.8% 1,963,640 $ 1,739,808 $ 12.9% Total loans 1,606,431 1,534,227 4.7% 1,606,431 1,397,383 15.0% Total deposits 1,700,833 1,636,827 3.9% 1,700,833 1,515,471 12.2% Net income 10,784 10,844 -0.6% 43,069 45,698 -5.8% Pre-provision pre-tax earnings (1) 14,159 14,896 -4.9% 57,475 60,360 -4.8% Diluted Earnings per share 1.12 1.13 -0.9% 4.50 4.84 -7.0% Net interest margin, ex. loan fees (1) 4.45% 4.67% -4.7% 4.61% 4.75% -3.1% ROAA 2.26% 2.33% -3.3% 2.37% 2.65% -10.8% Full Year Adjusted Core(2) Earnings Q4 2025 Q3 2025 % Change 2025 2024 % Change Net income 10,747 10,959 -1.9% 42,599 42,211 0.9% Pre-provision pre-tax earnings (1) 14,110 15,049 -6.2% 56,848 55,721 2.0% Earnings per share 1.12 1.14 -1.8% 4.45 4.47 -0.4%
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2 Earnings Release: Q4 2025 and Full Year Q4 and Full Year Overview Asset Quality & CRE Dollars in thousands except per share data. All data as of December 31, 2025, unless indicated otherwise (1) A non-GAAP measurement that excludes oil and gas non-interest expense of $4,299 and oil and gas revenues of $4,926 (2) See slide 12 for adjusted uninsured deposit calculation EPS: Q4 - $1.12; full year - $4.50; driven by core earnings (no share repurchases) ROAA: Q4 - 2.26%; full year - 2.37% ROATCE: Q4 - 18.15%; full year - 19.47% NIM (excluding loan fee income): Q4 - 4.45%; full year – 4.61% Efficiency Ratio: Full year – 40.24%; core bank efficiency ratio of 37.71%(1) Strong Earnings & Profitability CET1: 14.09% Tier 1 Leverage: 12.82% TCE/TA: 12.25% Significantly higher than the regulatory “well capitalized” thresholds Strong earnings, low dividend payout ratio, no debt, no HTM securities Prudent Capital Management Cash + unpledged securities + undrawn credit: $795.16 million (2.57x coverage of $309.50 million(2) adjusted uninsured deposits) Loans repricing in ≤1 year: $1.45 billion (90.21%), with $1.00 billion (60.23%) repricing daily Positioned to capture a significant portion of all future deposit rate cuts Consistent Balance Sheet Management & Reliable Liquidity NCO: Full year of -5bps (Net recoveries of $0.80 million) NPAs/Total Loans: 40bps Diverse CRE portfolio (DFW, OKC & Tulsa Metros) Office Loan Average Size (excl. construction): $1.03 million Owner Occupied: $0.68 million Non-Owner Occupied: $1.52 million
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3 Earnings Release: Q4 2025 and Full Year Maximizing Our Employee Base $11.1 $12.9 $13.7 $14.0 $15.5 1.95% 1.96% 1.99% 2.15% 2.14% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 2021 2022 2023 2024 2025 Assets / FTE Employee (Millions) Noninterest expense to average assets PPE(1) Strength in Core Earnings $35.1 $43.9 $58.4 $60.4 $57.5 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 2021 2022 2023 2024 2025 Dollars are in millions Financial data is as of or for the twelve months ended December 31 of each respective year (1) Pre-provision, pre-tax earnings (“PPE”) is a non-GAAP financial measure. See appendix for reconciliation to their most comparable GAAP measure Strong PPE was driven by: ■ Organic loan growth ■ Disciplined loan pricing ■ Consistent NIM ■ Expense controls We achieve maximum productivity by: ■ Having fewer but higher quality bankers ■ Operating an efficient delivery system with a strict adherence to process
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4 Earnings Release: Q4 2025 and Full Year Return on Average Tangible Common Equity 5 year average: 21.4% 20.13% 23.92% 18.57% 25.00% 19.47% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 2021 2022 2023 2024 2025 Efficiency Ratio 5 year average: 38.1% 36.76% 39.29% 36.07% 37.90% 40.24% 33.00% 34.00% 35.00% 36.00% 37.00% 38.00% 39.00% 40.00% 41.00% 2021 2022 2023 2024 2025 Return on Average Assets 5 year average: 2.2% 2.21% 2.02% 1.68% 2.65% 2.37% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 2021 2022 2023 2024 2025 Consistent Top Performer Financial data is as of or for the twelve months ended December 31 of each respective year ■ Performance ratios remain top-tier and within our historical ranges 8.60%
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5 Earnings Release: Q4 2025 and Full Year Diluted Earnings Per Share $2.55 $3.22 $3.05 $4.84 $4.50 $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 2021 2022 2023 2024 2025 Tangible Book Value Per Share(1) CAGR since 2018: 16.8% $8.49 $9.78 $11.69 $12.93 $14.69 $17.49 $21.71 $25.26 $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 2018 2019 2020 2021 2022 2023 2024 2025 EPS: No share repurchases since 2020 Reliable and Rapid Capital Compounder Dollars and shares in thousands, except per share data (1) Tangible book value per share is a non-GAAP financial measure, and is calculated by dividing “Total tangible shareholders’ equity” by “Shares outstanding”. See appendix for reconciliation to it’s most comparable GAAP measure Consistently strong earnings increased TBV despite three factors: $0.85 per share paid for an all-cash acquisition in Q4 2021 $0.27 per share AOCI unrealized loss from investments Paid ~20% of earnings as cash dividends since IPO ($4.49 per share) YE 2018 Q4 2025 % Change $ Change Total tangible shareholders' equity 86,471 $ 239,035 $ 176.4% 152,564 $ Shares outstanding 10,187.5 9,462.7 -7.1% (724.8) Tangible book value per share 8.49 $ 25.26 $ 197.6% 16.77 $ Cash dividends per share since IPO as a % of 2018 TBV per share 52.9% 4.49 $ Overall Return: 250.5% 21.26$
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6 Earnings Release: Q4 2025 and Full Year Consistently Outperforming our Peer Group 1.43% 1.48% 1.21% 1.08% 1.48% 3.44% 2.99% 3.46% 3.50% 3.21% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 2021 2022 2023 2024 Q3 2025 Peers BSVN Income Statement as a Percentage of Average Assets PPE to Average Assets vs Peers (1) Peer group is defined as exchange-traded banks nationwide with assets between $500mm-$5bn (128 banks); Source: S&P Global Market Intelligence (2) As of Q3 2025, the latest data available. Peer Group Median(1) BSVN Peer Group Median(1) BSVN Peer Group Median(1) BSVN Peer Group Median(1) BSVN Peer Group Median(1) BSVN Net Interest Income 3.12% 4.97% 3.23% 5.09% 3.03% 4.74% 2.93% 5.00% 3.35% 4.96% Pre-provision pre-tax earnings 1.43% 3.44% 1.48% 2.99% 1.21% 3.46% 1.08% 3.50% 1.48% 3.21% Provision Expense 0.02% 0.40% 0.08% 0.31% 0.08% 1.25% 0.07% 0.00% 0.07% 0.15% Net Income 1.13% 2.21% 1.08% 2.02% 0.87% 1.68% 0.79% 2.65% 1.04% 2.33% ROATCE 13.32% 20.13% 13.99% 23.92% 11.34% 18.57% 10.02% 25.00% 11.69% 19.07% Net Interest Margin 3.35% 5.12% 3.47% 4.82% 3.26% 4.97% 3.13% 5.11% 3.53% 5.07% Efficiency Ratio 63.30% 36.76% 61.35% 39.29% 65.77% 36.07% 68.10% 37.90% 61.03% 41.12% Q3 2025 (2)2021 2022 2023 2024
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7 Earnings Release: Q4 2025 and Full Year CAGR since 2018: 16.9% BSVN Compared to All Major Exchange Traded Banks Source: S&P Global Market Intelligence and FactSet; Market data as of 12/31/2025 Total shareholder return includes the reinvestment of dividends (1) Tangible book value per share is a non-GAAP financial measures . See appendix for reconciliation to its most comparable GAAP measure (2) Public banks include all major exchange-traded banks nationwide (294 banks ) Total Shareholder Return Since BSVN’s IPO (9/2018) BSVN’s TBVPS(1) Since FYE 2018 (1) BSVN: 161.4% Median: 35.2% 126.2% Outperformance Public Banks Median CAGR: 5.8%(1) $8.49 $9.78 $11.69 $12.93 $14.69 $17.49 $21.71 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y BSVN Public Banks Median (100.0%) (50.0%) 0.0% 50.0% 100.0% 150.0% 200.0% 250.0% 9/20/2018 3/20/2019 9/20/2019 3/20/2020 9/20/2020 3/20/2021 9/20/2021 3/20/2022 9/20/2022 3/20/2023 9/20/2023 3/20/2024 9/20/2024 3/20/2025 9 /20/2025 $100 invested in BSVN since IPO would be worth $261.39 now $100 invested in an index of all public bank s since BSVN’s IPO would be worth $135.22 now
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8 Earnings Release: Q4 2025 and Full Year BSVN Compared to All Major Exchange Traded Banks Source: S&P Global Market Intelligence and FactSet; Market data as of 12/31/2025 Total shareholder return includes the reinvestment of dividends (1) Public banks include all major exchange-traded banks nationwide (294 banks ) 5-Year Total Shareholder Return (%) BSVN vs. Median MET Banks (25%) 0% 25% 50% 75% 100% 125% 150% 175% 200% 225% 250% 275% 300% 2020 2021 2022 2023 2024 2025 BSVN Public Banks Median 227.0% 60.6%
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9 Earnings Release: Q4 2025 and Full Year Consistent Net Interest Margin 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 September 30, 2025 and December 31, 2025 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 4.38% 4.38% 4.60% 4.75% 4.61% 4.67% 4.45% 0.74% 0.44% 0.37% 0.35% 0.34% 0.40% 0.31% 5.12% 4.82% 4.97% 5.11% 4.94% 5.07% 4.76% 2021 2022 2023 2024 2025 Q3 2025 Q4 2025 ◼ Loan Fee Income Contribution ■ Net interest margin remains within our historical range, and is driven by strong loan growth with disciplined loan pricing that is funded by a broad and deep funding base ■ Q4 rate cuts modestly compressed NIM, loan yields declined 39 bps to 6.98% (78% beta), while real-time cost of funds fell 18 bps to 2.40% (36% beta); real-time net interest margin (ex-loan fees) remains 4.45% ■ Significant loan floor and fixed-rate positioning provides future NIM support, $324.45 million of loans are currently at floors and $315.7 million are fixed/variable with future resets (39.78% of total loans); this rises to 54.10% with one additional 25 bps cut and 63.89% with 50 bps (static balance sheet), positioning us to maintain NIM within our historical range ■ Currently, $640.15 million in loans are at a fixed-rate or at their floors; this would rise to $1.26 billion with a further 100 bps rate cuts
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10 Earnings Release: Q4 2025 and Full Year Well Positioned for a Declining Rate Environment Dollars in millions unless indicated otherwise. All data as of December 31, 2025 Gross Loan Balance $ Cumulative % Cumulative Average Yield Fixed Rate Loans 316 $ 316 $ 19.64% 7.14% Variable-Rate At Floor 324 640 39.78% 6.85% 50 bps cut 388 1,028 63.89% 6.72% 100 bps cut 232 1,260 78.31% 6.93% > 100 bps cut 349 1,609 100.00% 7.29% Variable-Rate Loans (1) 1,293 6.95% Total Gross Loans (2) 1,609 6.98% (1) $969.39 million of loans are daily floaters (2) $16.87 million of loans with no floors Loan Portfolio Interest Rate Sensitivity Variable-Rate Loans, $1,293.0 80% Fixed-Rate Loans, $316.0 20% Deposit Balance % of Total Deposits Average COF Demand Deposits & Savings: Non-Interest Bearing 341 20.07% 0.00% Interest Bearing: 1-50 bps 64 3.77% 0.34% 51-100 bps 186 10.91% 2.71% > 100 bps 868 51.01% 3.15% Total 1,459 2.26% Time Deposits 242 14.23% 3.73% Total Deposits 1,701 100.00% 2.47% Deposit Interest Rate Sensitivity Deposit Balance % of Total Deposits Average COF Maturities: Q1 2026 93 5.46% 3.89% Q2 2026 67 3.93% 3.67% Q3 2026 27 1.57% 3.64% Q4 2026 31 1.84% 3.46% > 2026 24 1.43% 3.67% Total 242 14.23% 3.73% Time Deposit Maturities
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11 Earnings Release: Q4 2025 and Full Year We Achieve a Steady Spread thru Various Rate Cycles 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Yield on Loans(1) Cost of Funds BSVN Spread 10 Yr Treasury Yield Financial data calculated using annual averages (1) Excluding loan fee income
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12 Earnings Release: Q4 2025 and Full Year Asset Sensitivity Repricing and Liquidity Dollars in thousands, all data as of December 31, 2025, unless indicated otherwise (1) $1.00 billion of gross loans reprice daily Asset Sensitivity Repricing Schedule < 1 year 1 to 2 years 2 to 3 years > 3 years Total Earning Assets: Cash and cash equivalents, and interest-bearing time deposits 255,092 $ - $ - $ - $ 255,092$ Gross Loans 1,451,827 74,273 49,604 33,663 1,609,367 Securities 5,790 7,226 5,274 35,729 54,019 Total 1,712,709$ 81,499 $ 54,878 $ 69,392 $ 1,918,478$ % of Total 89.27% 4.25% 2.86% 3.62% 100.00% (1) ■ Uninsured deposits total $391.73 million (23.03% of total). Adjusted for insider and collateralized deposits, uninsured deposits are $309.50 million (18.20% of total) ■ With $795.16 million in cash, securities, and undrawn lines of credit, we have 2.57x coverage of adjusted uninsured deposits Uninsured Deposits | Cash/Liquidity Liquidity Q4 2025 Uninsured Deposits 391,731 $ Less: Insider Deposits > $1 Million (69,342) Less: Collateralized Deposits (12,892) Adjusted Uninsured Deposits 309,497 $ Q4 2025 Cash and cash equivalents, and interest-bearing time deposits 255,092$ Undrawn Lines-of-Credit 502,362 Unpledged Securities 37,703 Cash/Available Liquidity 795,157 $
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13 Earnings Release: Q4 2025 and Full Year Deposit Composition Deposit Composition CAGR since 2021: 8.7% 30.1% 30.7% 30.3% 20.7% 20.1% 69.9% 69.2% 69.7% 79.3% 79.9% $1,217.5 $1,431.4 $1,591.4 $1,515.5 $1,700.8 2021 2022 2023 2024 2025 Noninterest-bearing deposits Interest-bearing deposits Noninterest-bearing demand $341.4 / 20.1% NOW deposits $636.3 / 37.4% Money Markets $387.0 / 22.8% Savings $92.6 / 5.4% Time deposits < $250K $147.3 / 8.7% Time deposits > $250K $96.2 / 5.7% Dollars in millions, all data as of December 31, 2025, unless indicated otherwise
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14 Earnings Release: Q4 2025 and Full Year Loan Portfolio Trends $280.8 (39.6%) $338.8 (40.4%) $469.3 (45.5%) $518.9 (40.7%) $540.4 (39.6%) $167.0 (23.6%) $194.0 (23.1%) $199.9 (19.4%) $244.3 (19.2%) $298.5 (21.9%) $158.6 (22.4%) $204.3 (24.4%) $245.1 (23.8%) $327.6 (25.7%) $334.6 (24.5%) $102.1 (14.4%) $102.0 (12.2%) $116.7 (11.3%) $182.8 (14.4%) $190.5 (14.0%) $1,031.0 $1,273.6 $1,364.0 $1,399.0 $1,609.4 -$100 $100 $300 $500 $700 $900 $1,100 $1,300 $1,500 $1,700 2021 2022 2023 2024 2025 Other Hospitality C&I Energy Loan Portfolio Trends – Selected Categories Dollars in millions (1) No single loan category within 'Other' exceeds 10% of the total loan portfolio CAGR Since 2021: 11.8% (1)
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15 Earnings Release: Q4 2025 and Full Year Loan Portfolio Distribution Dollars are in millions. Data as of December 31, 2025 Loan Portfolio Selected Categories Agricultural Non-Farmland $37.3 / 2.3% Agricultural Farmland $53.6 / 3.3% Hospitality construction $1.9 / 0.1% Commercial construction $158.6 / 9.9% 1-4 family construction $63.1 / 3.9% 1-4 family (commercial purpose) $126.1 / 7.8% Owner-occupied CRE $126.6 / 7.9% Hospitality - operational properties CRE $308.6 / 19.2% Non-owner-occupied CRE $152.4 / 9.5% Energy - midstream $1.9 / 0.1% Energy - service companies $57.1 / 3.5% Energy - mineral / royalty interest $30.6 / 1.9% Energy - exploration & production $67.1 / 4.2% Commercial and industrial $410.7 / 25.5% Consumer $13.8 / 0.9% Industry Q4 2025 % of Total Loans Q3 2025 % of Total Loans Commercial & Industrial 410.67 $ 25.52% 366.66 $ 23.86% Hospitality 310.50 19.29% 278.50 18.12% Energy 156.70 9.74% 168.30 10.95%
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16 Earnings Release: Q4 2025 and Full Year Diverse CRE Portfolio with Very Low Historical Losses Dollars are in millions. Data as of December 31, 2025 ■ Diverse commercial real estate lending activity in Texas and Oklahoma with an emphasis in the DFW, Oklahoma City, and Tulsa metros ■ Minimal office loans ■ No office exposure to downtown metropolitan locations ■ Office Loan Average Size, excluding construction is $1.03 million: ■ Owner Occupied — $0.68 million ■ Non-Owner Occupied — $1.52 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 Industrial $64.2 / 6.8% Office $29.4 / 3.1% Retail $11.7 / 1.3% Restaurant $1.1 / 0.1% Other $20.1 / 2.1% 1-4 Family $63.1 / 6.7% Residential Lots - Existing $9.1 / 1.0% Residential Lots - Construction $15.5 / 1.7% Commercial Lots - Existing $20.5 / 2.2% Commercial Lots - Construction $10.9 / 1.2% Hospitality $1.9 / 0.2% Multifamily $18.2 / 1.9% Industrial $24.5 / 2.6% Retail $14.8 / 1.6% Office $2.3 / 0.2% Restaurant $3.9 / 0.4% Raw Land $37.6 / 4.0% Other CRE $1.5 / 0.2% Hospitality $308.6 / 32.9% 1-4 Family - Commercial $126.1 / 13.5% Multifamily $26.4 / 2.8% Retail $48.8 / 5.2% Office $47.2 / 5.0% Restaurant $10.3 / 1.1% Industrial $14.1 / 1.5% Other $5.7 / 0.6%
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17 Earnings Release: Q4 2025 and Full Year Hotel Portfolio by Class Economy $79.39 / 25.6% Midscale $203.82 / 65.6% Upper Midscale $27.36 / 8.8% Upscale $- / 0.0% Luxury $- / 0.0% Hotel Portfolio by Location Hospitality Loan Portfolio – A Source of Strength Dollars are in millions. Data as of December 31, 2025 ■ Blue collar portfolio that is well-protected by the “cycle-down” effect of a recession ■ Geographically concentrated in TX (79%) 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 $5.65 million ■ Average LTV of 59% 3.56% Actual Hotel Portfolio by Location 65.22% 10.68% 24.10% 0% 20% 40% 60% 80% 100% Outstanding Balance Dallas / Ft. Worth Metro Area Other Texas Metros Other
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18 Earnings Release: Q4 2025 and Full Year Total Assets Strategic Growth in Dynamic Markets Dollars are in millions 2014 2015 2016 2017 2018 20 19 2020 2021 2022 2023 2024 2025 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: 13.7% $479.5 $563.5 $613.8 $703.6 $770.5 $866.4 $1,016.7 $1,350.5 $1,584.2 $1,771.7 $1,739.8 $1,963.6 $- $200.0 $400.0 $600.0 $800.0 $1,000.0 $1,200.0 $1,400.0 $1,600.0 $1,800.0 $2,000.0 Oklahoma mortgage acquisition
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19 Earnings Release: Q4 2025 and Full Year 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 (1) DFAST = Dodd-Frank Act Stress Test (2) Excess capital to target ratio expressed in % is the differen ce between the actual ratio and regulatory minimum divided by the regulatory minimum (3) Excess capital to target ratio expressed in $ is the excess capital % multiplied by either average assets or risk-weighted a ssets, assuming a static balance sheet over the next 24 months (4) Trailing twelve months PPE of $57.5 million extrapolated over two years Regulatory Minimum Target Ratios Q4 2025 Capital Ratios Excess Capital to Target Ratio Expressed in %(2) Excess Capital to Target Ratio Expressed in $(3) Add: PPE Cushion(4) Total Shock Absorption Ability Prior to Hitting Reg Minimums Tier 1 Leverage 5.00% 12.82% 156.42% 148,302 $ + 114,950 $ = 263,252 $ CET1 7.00% 14.09% 101.23% 121,529 $ + 114,950 $ = 236,479 $ Tier 1 Risk Based Capital 8.50% 14.09% 65.72% 95,804 $ + 114,950$ = 210,754 $ Total Risk Based Capital 10.50% 15.24% 45.19% 81,375 $ + 114,950$ = 196,325 $
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20 Appendix
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21 Earnings Release: Q4 2025 and Full Year Bank7 Corp. Financials (1) BSVN adopted the CECL model (ASC326) on 1/1/2023 using the mo dified retrospective method. The presented allowance for periods prior to 1/1/2023 is under the incurred loss model (pre-ASC326) (2) Represents a non-GAAP financial measure. See non-GAAP reconc iliations table for reconciliation to most comparable GAAP measure for this metric Dec 31, 2025 Sep 30, 2025 2025 2024 2023 2022 2021 (Dollars in thousands, except per share data) INCOME STATEMENT DATA Total interest income 32,816 $ 33,717 $ 128,758 $ 131,540 $ 121,544 $ 78,749 $ 56,289 $ Total interest expense 10,551 10,691 40,885 45,345 38,998 9,322 3,053 Provision for credit losses (1) - 700 700 - 21,145 4,468 4,175 Total noninterest income 1,839 2,210 8,503 11,254 9,242 2,939 2,250 Total noninterest expense 9,945 10,350 38,911 37,095 33,420 28,641 20,397 Provision for income taxes 3,375 3,342 13,696 14,656 8,948 9,619 7,755 Pre-tax net income 14,159 14,186 56,765 60,354 37,223 39,257 30,914 Net income 10,784 10,844 43,069 45,698 28,275 29,638 23,159 BALANCE SHEET DATA Cash and cash equivalents 244,635 $ 241,768 $ 244,635 $ 234,196 $ 181,042 $ 109,115 $ 204,852 $ Interest-bearing time deposits in other banks 10,457 14,935 10,457 6,719 17,679 5,474 3,237 Securities available for sale, at fair value 54,019 54,858 54,019 59,941 169,487 173,165 84,808 Nonmarketable equity securities 1,165 1,169 1,165 1,283 1,283 1,209 1,202 Total loans 1,606,431 1,534,227 1,606,431 1,397,383 1,360,838 1,270,457 1,028,401 Allowance for credit losses (1) 19,407 19,405 19,407 17,918 19,691 14,734 10,316 Total assets 1,963,640 1,891,435 1,963,640 1,739,808 1,771,666 1,584,169 1,350,549 Interest-bearing deposits 1,359,417 1,295,842 1,359,417 1,202,213 1,109,042 989,891 850,766 Noninterest-bearing deposits 341,416 340,985 341,416 313,258 482,349 439,409 366,705 Total deposits 1,700,833 1,636,827 1,700,833 1,515,471 1,591,391 1,431,400 1,217,471 Total shareholders’ equity 250,995 241,736 250,995 213,213 170,326 144,100 127,408 SHARES OUTSTANDING AT END OF PERIOD Earnings per share (basic) 1.14 $ 1.15 $ 4.56 $ 4.92 $ 3.09 $ 3.26 $ 2.56 $ Earnings per share (diluted) 1.12 1.13 4.50 4.84 3.05 3.22 2.55 Dividends per share 0.27 0.27 1.02 0.89 0.74 0.52 0.45 Book value per share 26.52 25.58 26.52 22.71 18.52 15.78 14.04 Tangible book value per share (2) 25.26 24.31 25.26 21.71 17.49 14.69 12.93 Weighted average common shares outstanding–basic 9,454,366 9,450,984 9,444,105 9,290,051 9,161,565 9,101,523 9,056,117 Weighted average common shares outstanding–diluted 9,599,897 9,597,914 9,574,190 9,447,751 9,264,307 9,204,716 9,091,536 Shares outstanding at end of period 9,462,656 9,451,979 9,462,656 9,390,211 9,197,696 9,131,973 9,071,417 For the Three Months Ended For the Year Ended December 31
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22 Earnings Release: Q4 2025 and Full Year Bank7 Corp. Performance Ratios (1) Annualized (2) Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent basis and noninterest income (3) Represents a non-GAAP financial measure, see non-GAAP reconcili ations table for reconciliation to the most comparable GAAP measure for this metric (4) Ratios are based on Bank level financial information rather th an consolidated information. At December 31, 2025, Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 12.82%, 14.09%, and 15.24% respectively for the Company Dec 31, 2025 Sep 30, 2025 2025 2024 2023 2022 2021 (Dollars in thousands, except per share data) RETURN ON AVERAGE(1) Assets 2.26% 2.33% 2.37% 2.65% 1.68% 2.02% 2.21% Tangible common equity(3) 18.15 19.07 19.47 25.00 18.57 23.92 20.13 Shareholders’ equity 17.28 18.11 18.51 23.78 17.46 22.13 26.41 Yield on earning assets 7.02 7.43 7.24 7.79 7.31 5.46 5.42 Yield on loans 7.65 8.11 7.92 8.56 8.35 6.51 6.16 Yield on loans excluding fees(3) 7.29 7.63 7.52 8.13 7.89 5.96 5.30 Cost of funds 2.56 2.66 2.59 2.98 2.57 0.70 0.33 Cost of int bearing deposits 3.16 3.33 3.25 3.98 3.60 1.05 0.48 Cost of total deposits 2.56 2.66 2.59 2.98 2.57 0.70 0.33 Net interest margin 4.76 5.07 4.94 5.11 4.97 4.82 5.12 Net interest margin excluding loan fees(3) 4.45 4.67 4.61 4.75 4.60 4.38 4.38 Noninterest expense to average assets 2.08 2.23 2.14 2.15 1.98 1.96 1.95 Efficiency ratio (2) 41.39 41.12 40.24 37.90 36.07 39.29 36.76 Loan to deposit ratio 94.45 93.73 94.45 92.21 85.51 88.89 84.47 Liquidity ratio 17.13 17.91 17.13 18.59 15.58 13.74 20.60 CREDIT QUALITY RATIOS Nonperforming assets to total assets 0.33% 0.28% 0.33% 0.43% 1.64% 1.13% 0.77% Nonperforming assets to total loans and OREO 0.40 0.35 0.40 0.54 2.13 1.42 1.01 Nonperforming loans to total loans 0.40 0.35 0.40 0.51 2.13 1.42 1.01 Allowance for credit losses to nonperforming loans 300.42 364.96 300.42 249.94 67.98 81.95 99.37 Allowance for credit losses to total loans 1.21 1.26 1.21 1.28 1.45 1.16 1.00 Net charge-offs to average loans (0.00) (0.13) (0.05) 0.13 1.26 0.01 0.39 CAPITAL RATIOS Total shareholders’ equity to total assets 12.78% 12.78% 12.78% 12.25% 9.61% 9.10% 9.43% Tangible equity to tangible assets (3) 12.25 12.22 12.25 11.78 9.13 8.52 8.75 Tier 1 leverage ratio (4) 12.82 12.71 12.82 12.18 9.50 9.18 10.55 Tier 1 risk-based capital ratio (4) 14.09 14.23 14.09 13.99 11.50 11.26 11.53 Total risk-based capital ratio (4) 15.25 15.44 15.25 15.22 12.75 12.42 12.54 For the Three Months Ended For the Year Ended December 31
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23 Earnings Release: Q4 2025 and Full Year Non-GAAP Reconciliations Dec 31, 2025 Sep 30, 2025 2025 2024 2023 2022 2021 (Dollars in thousands, except per share data) TANGIBLE SHAREHOLDERS' EQUITY Total shareholders equity 250,995 $ 241,736 $ 250,995 $ 213,213 $ 170,326 $ 144,100 $ 127,408 $ Goodwill and other intangibles (11,960) (11,992) (11,960) (9,336) (9,489) (9,939) (10,122) Tangible shareholders' equity 239,035 229,744 239,035 203,877 160,837 134,161 117,286 TANGIBLE ASSETS Total assets 1,963,640 $ 1,891,435 $ 1,963,640 $ 1,739,808 $ 1,771,666 $ 1,584,169 $ 1,350,549 $ Less: goodwill and other Intangibles (11,960) (11,992) (11,960) (9,336) (9,489) (9,939) (10,122) Tangible assets 1,951,680 1,879,443 1,951,680 1,730,472 1,762,177 1,574,230 1,340,427 AVERAGE TANGIBLE COMMON EQUITY Average shareholders equity 247,661 $ 237,591 $ 232,739 $ 192,163 $ 161,936 $ 144,097 $ 117,053 $ Less: average goodwill and other Intangibles (11,978) (12,013) (11,477) (9,405) (9,688) (9,995) (2,030) Average tangible common equity 235,683 225,578 221,262 182,758 152,248 134,102 115,023 End of period common shares outstanding 9,462,656 9,451,979 9,462,656 9,390,211 9,197,696 9,131,973 9,071,417 Book value per share 26.52 25.58 26.52 22.71 18.52 15.78 14.04 Tangible book value per share 25.26 24.31 25.26 21.71 17.49 14.69 12.93 Total shareholders' equity to total assets 12.78% 12.78% 12.78% 12.25% 9.61% 9.10% 9.43% Tangible shareholders' equity to tangible assets 12.25% 12.22% 12.25% 11.78% 9.13% 8.52% 8.75% LOAN INTEREST INCOME (Excluding loan fees): Total loan interest income, including fees 30,306 $ 30,914 $ 117,513 $ 119,416 $ 109,843 $ 74,403 $ 55,768 $ Loan fee income (1,448) (1,814) (5,968) (5,991) (6,099) (6,278) (7,787) Loan interest income excluding loan fees 28,858 29,100 111,545 113,425 103,744 68,125 47,981 Average total loans 1,570,814 $ 1,512,147 $ 1,483,112 $ 1,391,552 $ 1,315,578 $ 1,143,380 $ 905,804 $ Yield on loans 7.65% 8.11% 7.92% 8.56% 8.35% 6.51% 6.16% Yield on loans (excluding loan fee income) 7.29% 7.63% 7.52% 8.13% 7.89% 5.96% 5.30% NET INTEREST MARGIN (Excluding loan fees): Net interest income 22,265 $ 23,026 $ 87,873 $ 86,195 $ 82,546 $ 69,427 $ 53,236 $ Loan fee income (1,448) (1,814) (5,968) (5,991) (6,099) (6,278) (7,787) Net interest income excluding loan fees 20,817 21,212 81,905 80,204 76,447 63,149 45,449 Average earning assets 1,854,698 $ 1,800,507 $ 1,778,412 $ 1,683,058 $ 1,661,860 $ 1,441,140 $ 1,038,773 $ Net interest margin 4.76% 5.07% 4.94% 5.11% 4.97% 4.82% 5.12% Net interest margin (excluding loan fee income) 4.45% 4.67% 4.61% 4.75% 4.60% 4.38% 4.38% For the Three Months Ended For the Year Ended December 31
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24 Earnings Release: Q4 2025 and Full Year Non-GAAP Reconciliations -- Continued Dec 31, 2025 Sep 30, 2025 2025 2024 2023 2022 2021 (Dollars in thousands, except per share data) PRE-PROVISION PRE-TAX EARNINGS Net Income 10,784 $ 10,844 $ 43,069 $ 45,698 $ 28,275 $ 29,638 $ 23,159 $ Income Tax Expense 3,375 3,342 13,696 14,656 8,948 9,619 7,755 Pre-tax net income 14,159 14,186 56,765 60,354 37,223 39,257 30,914 Add back: Provision for credit losses - 700 700 - 21,145 4,468 4,175 Add back: (Gain)Loss on sales/calls of AFS debt securities - 10 10 6 16 127 - Pre-provision pre-tax earnings 14,159 $ 14,896 $ 57,475 $ 60,360 $ 58,384 $ 43,852 $ 35,089 $ For the Three Months Ended For the Year Ended December 31 ADJUSTED CORE Net Income 10,784 $ 10,844 $ 43,069 $ 45,698 $ 28,275 $ 29,638 $ 23,159 $ Back out: Oil and gas net income (loss) 37 (115) 470 2,714 868 - - Back out: One-time after-tax interest income item - - - 774 - - - Adjusted core net income 10,747 10,959 42,599 42,211 27,407 29,638 23,159 Pre-provision pre-tax earnings 14,159 14,896 57,475 60,360 58,384 43,852 35,089 Back out: Oil and gas pre-tax income (loss) 49 (153) 627 3,618 1,157 - - Back out: One-time pre-tax interest income item - - - 1,021 - - - Adjusted core pre-provision pre-tax earnings 14,110 15,049 56,848 55,721 57,227 43,852 35,089 Adjusted core net income 10,747 10,959 42,599 42,211 27,407 29,638 23,159 Weighted average common shares outstanding–diluted 9,599,897 9,597,914 9,574,190 9,447,751 9,264,307 9,204,716 9,091,536 Adjusted core earnings per share (diluted) 1.12 1.14 4.45 4.47 2.96 3.22 2.55
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25 Earnings Release: Q4 2025 and Full Year Oil & Gas Asset Recap Cash Flow Recap GAAP Results Dollars in thousands (1) Includes depletion expense of $472 (1) (Dollars in thousands, except per share data) OIL AND GAS ASSET INVESTMENT Initial cash outlay (in Q4 2023) (16,800) $ Gross cash receipts: Q4 2023 2,195 Q1 2024 2,678 Q2 2024 1,949 Q3 2024 2,085 Q4 2024 1,365 Q1 2025 1,089 Q2 2025 1,157 Q3 2025 861 Q4 2025 728 Cumulative gross cash receipts 14,107 $ % Recovered from initial cash outlay 83.97% (Dollars in thousands, except per share data) OIL AND GAS ACTIVITY Q4 2025 2025 2024 Gross revenues 919 $ 4,926 $ 8,464 $ Gross expenses 870 4,299 4,846 Pre-tax net income 49 627 3,618 Net Income 37 $ 470 $ 2,714 $
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26 Earnings Release: Q4 2025 and Full Year Available-for-Sale Securities Portfolio Investment Portfolio Dollars are in millions. (1) All mortgage-backed securities and collateralized mortgage obliga tions are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities. (2) Total investment securities of $5 4.0 million as of December 31, 2025 ■ Weighted Average Duration: 3.7 Years ■ Book Yield: 2.34% Municipal - Taxable $6.79 / 12.6% Municipal - Tax Exempt $10.99 / 20.3% U.S. Treasuries $5.61 / 10.4% Mortgage Backed Securities $25.43 / 47.1% U.S. Federal Agencies $0.02 / 0.0% Corporate $5.18 / 9.6%
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27 Earnings Release: Q4 2025 and Full Year 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 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.
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