Bank7 Corp. Awarded 2018 Raymond James Community Bankers Cup
OKLAHOMA CITY, OK / March 21st, 2019 –
Bank7 Corp. (NASDAQ: BSVN) announced today it is the recipient of the seventh annual Raymond James Community Bankers Cup award. The award recognizes the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics. The pool of banks considered for recognition includes all exchange-traded domestic banks, excluding mutual holding companies and potential acquisition targets, with assets between $500 million and $10 billion as of December 31, 2018.
Bank7 Corp. was ranked 6th of 26 banks chosen for the award and the only Oklahoma-based bank recognized. Of the 258 community banks considered for the 2018 Community Bankers Cup, the top 10% demonstrated superior performance on a relative basis in one or more of the following measurements of financial performance and stability: 1) nonperforming assets to loans and real estate owned, 2) five-year average core deposit percentage, 3) net interest margin, 4) efficiency ratio, 5) return on average assets, and 6) return on average tangible common equity.
Tom Travis, Bank7 President and CEO said, “We are pleased to be recognized as one of the nation’s top performing banks.”