−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: The Company’s shares of common stock are traded on The NASDAQ Global Select Market under the symbol “BSVN”.
−Removed: The approximate number of holders of record of the Company’s
−Removed: common stock as of March 24, 2023 was 4.
−Removed: The Company paid quarterly dividends of $0.12 per share with respect to each of the first three quarters of 2022, increasing to $0.16 per share in the fourth quarter.
−Removed: Company currently expects to continue quarterly dividends of $0.16 per share in the future.
−Removed: Any future determination to pay dividends and the amount of such dividends on the Company’s common stock will be made by its Board of Directors and will
−Removed: depend on a number of factors, including
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
+Added: Purchases of Equity Securities
+Added: Our common stock is traded on The NASDAQ Global Select Market under the symbol “BSVN”.
+Added: The approximate number of holders of record of the Company’s common stock as of March 25, 2024 was 4.
+Added: We paid quarterly dividends of $0.16 per share with respect to each of the first two quarters of 2023, increasing to $0.21 per share for the third and fourth quarters.
+Added: We currently expect to continue
+Added: quarterly dividends of $0.21 per share in the future.
+Added: Any future determination to pay dividends and the amount of such dividends will be made by its Board of Directors and will depend on a number of factors, including
historical and projected financial condition, liquidity and results of operations;
−Removed: the Company’s capital levels and requirements;
+Added: our capital levels and requirements;
statutory and regulatory prohibitions and other limitations;
−Removed: any contractual restriction on the Company’s ability to pay cash dividends, including pursuant to the terms of any of its credit agreements or other borrowing arrangements;
+Added: any contractual restriction on our ability to pay cash dividends, including pursuant to the terms of any of our credit agreements or other borrowing arrangements;
business strategy;
3 unchanged sentences
other factors deemed relevant by the Board of Directors.
−Removed: Set forth below is information as of December 31, 2022 regarding equity compensation plans.
−Removed: The plan that has been approved by the shareholders is the 2018 Equity Incentive Plan.
+Added: Set forth below is information as of December 31, 2023 regarding securities authorized for issuance under the equity compensation plans.
+Added: The plan that has been approved by the shareholders is the Bank7 Corp.
+Added: Incentive Plan.
securities to be
−Removed: options and rights
+Added: Weighted average
exercise price
available for
−Removed: issuance under
Equity compensation plans approved by shareholders
−Removed: COMPANY PERFORMANCE
−Removed: Presented below is a line graph which compares the percentage in the cumulative total return on the Company’s Common Stock to the cumulative total return of the NASDAQ Stock Market (U.S.
−Removed: Companies) Index and the NASDAQ Bank Stock Index.
−Removed: The period presented is from September 24, 2018 through December 31, 2022.
−Removed: The graph assumes an investment on September 24, 2018 of $100 in the Company’s Common Stock and in each index, and that
−Removed: any dividends were reinvested.
−Removed: The values presented for each year during the period represent the cumulative market values of the respective investment.
−Removed: The performance graph represents past performance and should not be considered to be an
−Removed: indication of future performance.
+Added: Equity compensation plans not approved by shareholders
CAUTIONARY NOTE ABOUT FORWARD LOOKING STATEMENTS
This Annual Report on Form 10-K contains forward-looking statements.
−Removed: These forward-looking statements reflect our current views with respect to, among other things, future events and our
−Removed: financial performance.
−Removed: These statements are often, but not always, made through the use of words or phrases such as “may,” “might,” “should,” “could,” “predict,” “potential,” “believe,” “expect,” “continue,” “will,” “anticipate,” “seek,”
−Removed: “estimate,” “intend,” “plan,” “strive,” “projection,” “goal,” “target,” “outlook,” “aim,” “would,” “annualized” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature.
−Removed: These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are
+Added: These forward-looking statements reflect our current views with respect to, among other things, future events and our financial
+Added: These statements are often, but not always, made through the use of words or phrases such as “may,” “might,” “should,” “could,” “predict,” “potential,” “believe,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,”
+Added: “intend,” “plan,” “strive,” “projection,” “goal,” “target,” “outlook,” “aim,” “would,” “annualized” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature.
+Added: forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are
inherently uncertain and beyond our control.
−Removed: Accordingly, we caution that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to
−Removed: Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking
−Removed: There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the
+Added: Accordingly, we caution that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict.
+Added: Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements.
+Added: There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following:
our ability to effectively execute our expansion strategy and manage our growth, including identifying and consummating suitable acquisitions;
−Removed: business and economic conditions, particularly those affecting our market areas of Oklahoma, the Dallas/Fort Worth metropolitan area and Kansas, including a decrease in or the volatility of oil and gas
−Removed: prices or agricultural commodity prices within the region;
+Added: business and economic conditions, particularly those affecting our market areas of Oklahoma, the Dallas/Fort Worth metropolitan area and Kansas, including a decrease in or the volatility of oil and gas prices
+Added: or agricultural commodity prices within the region;
the geographic concentration of our markets in Oklahoma, the Dallas/Fort Worth metropolitan area and Kansas;
−Removed: successful integration of Watonga Bancshares, Inc.
high concentrations of loans secured by real estate and energy located in our market areas;
14 unchanged sentences
severe weather, acts of god, acts of war, pandemics or terrorism;
−Removed: compliance with governmental and regulatory requirements, including the Dodd-Frank and Wall Street Consumer Protection Act, or Dodd-Frank Act, and other regulations relating to banking, consumer protection,
−Removed: securities and tax matters;
−Removed: changes in the laws, rules, regulations, interpretations or policies relating to financial institutions, accounting, tax, trade, monetary and fiscal matters, including the policies of the Federal Reserve
−Removed: and as a result of initiatives of the Trump administration;
+Added: compliance with governmental and regulatory requirements;
+Added: changes in the laws, rules, regulations, interpretations or policies relating to financial institutions, accounting, tax, trade, monetary and fiscal matters, including the policies of the Federal Reserve and
+Added: as a result of initiatives of the current and future administrations;
other factors that are discussed in the section entitled “Risk Factors,” beginning on page 10.
The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this report.
−Removed: Because of these risks and other
−Removed: uncertainties, our actual future results, performance or achievements, or industry results, may be materially different from the results indicated by the forward-looking statements in this report.
−Removed: In addition, our past results of operations are
−Removed: not necessarily indicative of our future results.
+Added: Because of these risks and other uncertainties,
+Added: our actual future results, performance or achievements, or industry results, may be materially different from the results indicated by the forward-looking statements in this report.
+Added: In addition, our past results of operations are not necessarily
+Added: indicative of our future results.
Accordingly, no forward-looking statements should be relied upon, which represent our beliefs, assumptions and estimates only as of the dates on which such forward-looking statements were made.
−Removed: Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise,
−Removed: except as required by law.
+Added: Any forward-looking
+Added: statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.