FX.co ★ Bank7 Corp. Q4 Profit, Interest Income Rise

Bank7 Corp. (BSVN) announced that for the fourth quarter, it achieved a substantial increase in net income, reaching $11.11 million, equating to $1.16 per share. This marks a significant rise from the previous year's net income of $1.07 million or $0.12 per share for the same quarter. The notable improvement is largely due to the absence of any provisions for credit losses this quarter, compared to a provision of $15.5 million in the same quarter last year. Furthermore, net interest income experienced a slight increase, amounting to $21.74 million, up from $21.29 million in the prior year.