BOKF
BOK FinancialCDocument history
Earnings documents stored for BOKF.
Investor releaseQuarter not tagged2026-08-19BOK Financial (BOKF) Up 3.6% Since Last Earnings Report: Can It Continue?
Zacks
BOK Financial (BOKF) Up 3.6% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for BOK Financial (BOKF). Shares have added about 3.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is BOK Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. BOK Financial’s second-quarter 2026 adjusted earnings of $2.59 per share surpassed the Zacks Consensus Estimate of $2.56. The bottom line jumped 18.3% from the prior-year quarter. Results benefited from higher net interest income and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor. Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning the available-for-sale securities portfolio, net income attributable to shareholders (GAAP basis) was $176.5 million compared with $140 million in the prior-year quarter. Revenues & Expenses Rise Quarterly net revenues of $589.4 million (net interest income and total other operating revenues) rose 10.1% year over year. The top line surpassed the Zacks Consensus Estimate of $559 million. Net interest income was $351.8 million, up 7.2% year over year. The net interest margin expanded 11 basis points to 2.91%.. Total fees and commissions were $202 million, up 2.4% year over year. The rise was driven by higher transaction card revenues, fiduciary and asset management revenues, and deposit service charges and fees, partially offset by lower brokerage and trading revenues, mortgage banking revenues, and other revenues. Total other operating expenses were $361.7 million, up 2% year over year. This rise was mainly driven by personnel, business promotion, net occupancy and equipment, FDIC and other insurance, data processing and communications, printing, postage and supplies, mortgage banking costs, and other expenses. The efficiency ratio was 60.21% compared with the prior-year quarter’s 65.42%. A fall in the efficiency ratio indicates a rise in profitability. Loans & Deposits Rise Sequentially As of June 30, 2026, total loans were $27.1 billion, up 3.4% from the prior quarter. The increase was driven by growth in commercial loans and loans to indi…Read full documentShow less
A month has gone by since the last earnings report for BOK Financial (BOKF). Shares have added about 3.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is BOK Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. BOK Financial’s second-quarter 2026 adjusted earnings of $2.59 per share surpassed the Zacks Consensus Estimate of $2.56. The bottom line jumped 18.3% from the prior-year quarter. Results benefited from higher net interest income and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor. Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning the available-for-sale securities portfolio, net income attributable to shareholders (GAAP basis) was $176.5 million compared with $140 million in the prior-year quarter. Revenues & Expenses Rise Quarterly net revenues of $589.4 million (net interest income and total other operating revenues) rose 10.1% year over year. The top line surpassed the Zacks Consensus Estimate of $559 million. Net interest income was $351.8 million, up 7.2% year over year. The net interest margin expanded 11 basis points to 2.91%.. Total fees and commissions were $202 million, up 2.4% year over year. The rise was driven by higher transaction card revenues, fiduciary and asset management revenues, and deposit service charges and fees, partially offset by lower brokerage and trading revenues, mortgage banking revenues, and other revenues. Total other operating expenses were $361.7 million, up 2% year over year. This rise was mainly driven by personnel, business promotion, net occupancy and equipment, FDIC and other insurance, data processing and communications, printing, postage and supplies, mortgage banking costs, and other expenses. The efficiency ratio was 60.21% compared with the prior-year quarter’s 65.42%. A fall in the efficiency ratio indicates a rise in profitability. Loans & Deposits Rise Sequentially As of June 30, 2026, total loans were $27.1 billion, up 3.4% from the prior quarter. The increase was driven by growth in commercial loans and loans to individuals, while commercial real estate loans remained relatively stable. Total deposits were $39.9 billion, up 3% sequentially. The rise was due to higher demand, interest-bearing transaction and time deposits, partially offset by a decline in savings deposits. Credit Quality Improves As of June 30, 2026, non-performing assets were $62.7 million or 0.23% of outstanding loans and repossessed assets compared with $81.1 million or 0.33% in the prior-year quarter. The company recorded nil provisions for credit losses, unchanged from the prior-year quarter. The company recorded net charge-offs of $500,000 compared with $561,000 in the year-ago quarter. The allowance for loan losses was 1.02% of outstanding loans as of June 30, 2026, which declined 12 bps from the year-ago quarter. Capital Ratios Decline & Profitability Ratios Improve As of June 30, 2026, the common equity Tier 1 capital ratio was 12.89% compared with 13.59% a year earlier. The Tier 1 capital ratio and total capital ratio were 12.90% and 14.67%, respectively, compared with 13.60% and 14.48% as of June 30, 2025. At the end of the second quarter, return on average equity was 11.73%, up from the year-earlier quarter’s 9.70%. Return on average assets was 1.30%, up from 1.07% a year ago. Share Repurchase Update The company repurchased 2,519 shares for $327,000 during the second quarter of 2026 at an average price of $129.89 per share. 2026 Outlook The company expects end-of-period loan growth of more than 10% from the 2025 reported level, compared with the prior outlook of 10%. Management now expects NII to be in the upper half of the previously guided range of $1.42-$1.45 billion for 2026, indicating a rise from the $1.3 billion recorded in 2025. Total fees and commission revenues are anticipated to be in the lower half of the previously guided range of $820-$845 million, primarily due to a mix shift from trading fees to net interest income. Non-interest expenses (excluding the FDIC special assessment) are expected to grow at the lower end of the low-single-digit guidance from the $1.43 billion reported in 2025. Total revenues are expected to grow at the upper end of the mid-single-digit guidance from the $2.2 billion reported in 2025. Management now expects the efficiency ratio to be approximately 62%, compared with the previous outlook of 63%. Excluding the Visa Class B gain, the efficiency ratio is expected to be around 63%. The company now expects provision expenses to be below $20 million, compared with the previous outlook of $15-$35 million. It turns out, estimates revision have trended upward during the past month. At this time, BOK Financial has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a score of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, BOK Financial has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. BOK Financial belongs to the Zacks Banks - Southwest industry. Another stock from the same industry, First Horizon National (FHN), has gained 1.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. First Horizon reported revenues of $887 million in the last reported quarter, representing a year-over-year change of +6.9%. EPS of $0.54 for the same period compares with $0.45 a year ago. First Horizon is expected to post earnings of $0.53 per share for the current quarter, representing a year-over-year change of +3.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. First Horizon has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOK Financial Corporation (BOKF) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-27Is Stronger Q2 Results And Upgraded 2026 Guidance Altering The Investment Case For BOK Financial (BOKF)?
Simply Wall St.
Is Stronger Q2 Results And Upgraded 2026 Guidance Altering The Investment Case For BOK Financial (BOKF)?
BOK Financial Corporation recently reported second-quarter 2026 results showing higher net interest income of US$351.83 million and net income of US$176.54 million, alongside stronger earnings per share compared with a year earlier. The company also updated its 2026 outlook, now expecting total revenue and net interest income toward the upper end of prior guidance, while continuing share repurchases under its existing US$323.56 million buyback program. With upgraded full-year revenue expectations and net interest income guided toward the top of its range, we’ll examine how this affects BOK Financial’s investment narrative. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own BOK Financial, you need to be comfortable with a regional bank that leans on net interest income and diversified fee businesses in the Midwest and Southwest. The latest results and upgraded 2026 guidance reinforce net interest income as the key short term catalyst, while concentrated exposure to commercial real estate and energy loans remains a central risk; this quarter’s news does not materially change those underlying concerns. The most relevant update here is management’s 2026 guidance, which now points to total revenue and net interest income toward the upper end of prior ranges. With a steeper rate curve shifting more trading related revenue into net interest income, this outlook ties directly into the bank’s earnings sensitivity to interest rates, even as ongoing competition and regional credit concentrations still frame the main risks to that earnings profile. Yet beneath the stronger 2026 guidance, investors still need to watch the concentrated commercial real estate exposure and what might happen if regional conditions... Read the full narrative on BOK Financial (it's free!) BOK Financial's narrative projects $2.5 billion revenue and $620.7 million earnings by 2029. Uncover how BOK Financial's forecasts yield a $149.12 fair value, a 5% upside to its current price. One Simply Wall St Community member currently pegs BOK Financial’s fair value at US$190.73 per share, highlighting how individual views can differ from consensus. Against this, the bank’s reliance on net interest income as guided toward the upper end of US$…Read full documentShow less
BOK Financial Corporation recently reported second-quarter 2026 results showing higher net interest income of US$351.83 million and net income of US$176.54 million, alongside stronger earnings per share compared with a year earlier. The company also updated its 2026 outlook, now expecting total revenue and net interest income toward the upper end of prior guidance, while continuing share repurchases under its existing US$323.56 million buyback program. With upgraded full-year revenue expectations and net interest income guided toward the top of its range, we’ll examine how this affects BOK Financial’s investment narrative. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own BOK Financial, you need to be comfortable with a regional bank that leans on net interest income and diversified fee businesses in the Midwest and Southwest. The latest results and upgraded 2026 guidance reinforce net interest income as the key short term catalyst, while concentrated exposure to commercial real estate and energy loans remains a central risk; this quarter’s news does not materially change those underlying concerns. The most relevant update here is management’s 2026 guidance, which now points to total revenue and net interest income toward the upper end of prior ranges. With a steeper rate curve shifting more trading related revenue into net interest income, this outlook ties directly into the bank’s earnings sensitivity to interest rates, even as ongoing competition and regional credit concentrations still frame the main risks to that earnings profile. Yet beneath the stronger 2026 guidance, investors still need to watch the concentrated commercial real estate exposure and what might happen if regional conditions... Read the full narrative on BOK Financial (it's free!) BOK Financial's narrative projects $2.5 billion revenue and $620.7 million earnings by 2029. Uncover how BOK Financial's forecasts yield a $149.12 fair value, a 5% upside to its current price. One Simply Wall St Community member currently pegs BOK Financial’s fair value at US$190.73 per share, highlighting how individual views can differ from consensus. Against this, the bank’s reliance on net interest income as guided toward the upper end of US$1.42 billion to US$1.45 billion keeps interest rate and margin pressures central to how its performance could evolve. Explore another fair value estimate on BOK Financial - why the stock might be worth just $190.73! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your BOK Financial research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Our free BOK Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate BOK Financial's overall financial health at a glance. Our top stock finds are flying under the radar-for now. Get in early: Find 51 companies with promising cash flow potential yet trading below their fair value. We've uncovered the 9 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BOKF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]
Investor releaseQuarter not tagged2026-07-22BOK Financial Corp (BOKF) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Record ...
GuruFocus.com
BOK Financial Corp (BOKF) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Record ...
This article first appeared on GuruFocus. Earnings: $176.5 million or $2.92 per diluted share; adjusted earnings of $156.5 million or $2.59 per share. Loan Growth: Total loans grew 3.4% sequentially, 13.7% annualized; $896 million increase, 11.5% year-over-year growth. C&I Loan Growth: 3.9% sequentially, 11.1% year-over-year. Fee Income: $202 million, a decline of $7.8 million sequentially. Net Interest Income: Increased by $9.3 million; net interest margin grew by 1 basis point. Fiduciary and Asset Management Revenue: Record quarterly results, $4.5 million increase over the prior quarter. Non-Performing Assets: Increased by $2.8 million to $55 million; 20 basis points of period-end loans and repossessed assets. Net Charge-Offs: $500,000 during the quarter, averaging 3 basis points over the last 12 months. Allowance for Credit Losses: $323 million or 1.1% of outstanding loans. Capital Levels: Tangible common equity at 9.6%, CET1 at 12.9%. Assets Under Management and Administration (AUMA): Grew $5.7 billion to $129.3 billion; 10% annual growth rate. Expense Management: Total expenses increased by $7.5 million; excluding deferred compensation, expenses declined by $1.4 million. Full Year 2026 Loan Growth Guidance: Expected to be over 10%. Full Year 2026 Revenue Guidance: Mid-single-digit growth, upper portion of the range. Efficiency Ratio: Expected to be approximately 62% for the full year. Warning! GuruFocus has detected 7 Warning Signs with BOKF. Is BOKF fairly valued? Test your thesis with our free DCF calculator. Release Date: July 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BOK Financial Corp (NASDAQ:BOKF) reported strong earnings of $176.5 million, or $2.92 per diluted share, for the second quarter. The company achieved record quarterly loan growth, with total loans increasing by 3.4% sequentially and 11.5% year-over-year. Fee-based businesses contributed significantly, with record quarterly revenue in fiduciary and asset management. Capital levels remain robust, with tangible common equity at 9.6% and CET1 at 12.9%. Credit quality remains excellent, with very low levels of non-performing assets and net charge-offs averaging just 3 basis points over the last 12 months. Total fee income declined by $7.8 million sequentially, impacted by lower customer activity in the fixed income business.…Read full documentShow less
This article first appeared on GuruFocus. Earnings: $176.5 million or $2.92 per diluted share; adjusted earnings of $156.5 million or $2.59 per share. Loan Growth: Total loans grew 3.4% sequentially, 13.7% annualized; $896 million increase, 11.5% year-over-year growth. C&I Loan Growth: 3.9% sequentially, 11.1% year-over-year. Fee Income: $202 million, a decline of $7.8 million sequentially. Net Interest Income: Increased by $9.3 million; net interest margin grew by 1 basis point. Fiduciary and Asset Management Revenue: Record quarterly results, $4.5 million increase over the prior quarter. Non-Performing Assets: Increased by $2.8 million to $55 million; 20 basis points of period-end loans and repossessed assets. Net Charge-Offs: $500,000 during the quarter, averaging 3 basis points over the last 12 months. Allowance for Credit Losses: $323 million or 1.1% of outstanding loans. Capital Levels: Tangible common equity at 9.6%, CET1 at 12.9%. Assets Under Management and Administration (AUMA): Grew $5.7 billion to $129.3 billion; 10% annual growth rate. Expense Management: Total expenses increased by $7.5 million; excluding deferred compensation, expenses declined by $1.4 million. Full Year 2026 Loan Growth Guidance: Expected to be over 10%. Full Year 2026 Revenue Guidance: Mid-single-digit growth, upper portion of the range. Efficiency Ratio: Expected to be approximately 62% for the full year. Warning! GuruFocus has detected 7 Warning Signs with BOKF. Is BOKF fairly valued? Test your thesis with our free DCF calculator. Release Date: July 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BOK Financial Corp (NASDAQ:BOKF) reported strong earnings of $176.5 million, or $2.92 per diluted share, for the second quarter. The company achieved record quarterly loan growth, with total loans increasing by 3.4% sequentially and 11.5% year-over-year. Fee-based businesses contributed significantly, with record quarterly revenue in fiduciary and asset management. Capital levels remain robust, with tangible common equity at 9.6% and CET1 at 12.9%. Credit quality remains excellent, with very low levels of non-performing assets and net charge-offs averaging just 3 basis points over the last 12 months. Total fee income declined by $7.8 million sequentially, impacted by lower customer activity in the fixed income business. Trading revenue decreased by $9.7 million due to a mix shift from trading fee income into trading net interest income. Elevated long-term rates negatively affected the mortgage banking business, with revenue down $2 million compared to the prior quarter. Total expenses increased by $7.5 million during the quarter, driven by a rise in deferred compensation expense. The competitive environment for deposits remains intense, with rising pressure on deposit pricing. Q: How should we think about the net interest margin (NIM) going forward? A: Martin Grunst, CFO, explained that they expect some margin expansion in the back half of the year due to positive drivers like securities portfolio and fixed rate asset repricing. The negative impact from derivative margin in Q2 is expected to be recovered over the next quarter or two. Q: Can you talk about the competitive environment for deposit pricing and where deposit costs could trend? A: Martin Grunst noted that deposits are always competitive, but they are not seeing anything irrational in their markets. They are not relying on improvements in deposit rates for their guidance, and they have flexibility due to a low loan-to-deposit ratio. Q: What are your expectations for loan growth in the second half of the year? A: Stacy Kymes, CEO, mentioned that they expect continued strong loan growth, driven by diverse contributions across business lines. They have positive tailwinds from mortgage finance and strong sales pipelines, even without considering recent talent acquisitions. Q: With credit metrics being strong, would you let the Allowance for Credit Losses (ACL) ratio continue to fall if the economy remains stable? A: Stacy Kymes stated that given the current credit metrics, which are better than CECL day one, the percentage could continue to fall. Q: How is the trading environment affecting your fee income, and what are your expectations? A: Scott Grauer, EVP of Wealth Management, noted that trading activity, particularly in fixed income, was impacted by market dislocation in March through May but improved in June. They expect a return to more normal levels as market conditions stabilize. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-07-21BOK Financial Q2 Earnings Call Highlights
MarketBeat
BOK Financial Q2 Earnings Call Highlights
Interested in BOK Financial Corporation? Here are five stocks we like better. BOK Financial delivered a strong Q2 2026, with earnings of $176.5 million, or $2.92 per diluted share, and executives called the quarter “excellent” thanks to record loan production, record fiduciary/asset management revenue, and strong credit performance. Loan growth hit a company record, with total loans up 3.4% sequentially and 11.5% year over year. Management raised full-year loan growth guidance to more than 10%, citing broad-based strength across C&I, healthcare, energy, and mortgage finance. Credit quality remained solid and expenses were controlled, with no provision for credit losses, net charge-offs of just $500,000, and no exposure to private credit facilities. The company also kept expense growth in check and maintained its revenue outlook, while expecting provision expense to stay below $20 million for the year. BOK Financial (NASDAQ:BOKF) reported higher second-quarter 2026 earnings and record loan production, while executives said credit quality remained strong and raised the company’s full-year loan growth outlook. The Tulsa-based financial services company earned $176.5 million, or $2.92 per diluted share, in the quarter, Chief Executive Officer Stacy Kymes said on the company’s earnings call. Adjusted for a net gain tied to the exchange of Visa Class B shares and a small securities portfolio repositioning, earnings were $156.5 million, or $2.59 per share. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Kymes described the quarter as “excellent” and said it reflected the company’s positioning for continued growth. He cited record quarterly loan growth, record fiduciary and asset management revenue, expense discipline and “outstanding” credit performance. Total loans increased 3.4% sequentially, or 13.7% annualized, rising $896 million during the quarter. Kymes said that represented record new loan production for a single quarter in the company’s history. Year over year, loans were up 11.5%. → Cybersecurity Stocks Are Holding Up as the AI Trade Starts to Crack The growth was broad-based across business lines and geographies, according to Kymes. Nearly 70% of the year-over-year growth came from the company’s commercial and industrial portfolio. Core C&I loans, which include the combined services and general business portfolios, rose 3.9% fr…Read full documentShow less
Interested in BOK Financial Corporation? Here are five stocks we like better. BOK Financial delivered a strong Q2 2026, with earnings of $176.5 million, or $2.92 per diluted share, and executives called the quarter “excellent” thanks to record loan production, record fiduciary/asset management revenue, and strong credit performance. Loan growth hit a company record, with total loans up 3.4% sequentially and 11.5% year over year. Management raised full-year loan growth guidance to more than 10%, citing broad-based strength across C&I, healthcare, energy, and mortgage finance. Credit quality remained solid and expenses were controlled, with no provision for credit losses, net charge-offs of just $500,000, and no exposure to private credit facilities. The company also kept expense growth in check and maintained its revenue outlook, while expecting provision expense to stay below $20 million for the year. BOK Financial (NASDAQ:BOKF) reported higher second-quarter 2026 earnings and record loan production, while executives said credit quality remained strong and raised the company’s full-year loan growth outlook. The Tulsa-based financial services company earned $176.5 million, or $2.92 per diluted share, in the quarter, Chief Executive Officer Stacy Kymes said on the company’s earnings call. Adjusted for a net gain tied to the exchange of Visa Class B shares and a small securities portfolio repositioning, earnings were $156.5 million, or $2.59 per share. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Kymes described the quarter as “excellent” and said it reflected the company’s positioning for continued growth. He cited record quarterly loan growth, record fiduciary and asset management revenue, expense discipline and “outstanding” credit performance. Total loans increased 3.4% sequentially, or 13.7% annualized, rising $896 million during the quarter. Kymes said that represented record new loan production for a single quarter in the company’s history. Year over year, loans were up 11.5%. → Cybersecurity Stocks Are Holding Up as the AI Trade Starts to Crack The growth was broad-based across business lines and geographies, according to Kymes. Nearly 70% of the year-over-year growth came from the company’s commercial and industrial portfolio. Core C&I loans, which include the combined services and general business portfolios, rose 3.9% from the prior quarter and 11.1% from a year earlier. Kymes said the growth reflected a long-term strategy of investing in talent and deepening client relationships. → Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit “As we’ve often said, growth follows relationships,” Kymes said. Healthcare loans increased 3.2%, reflecting what management had previously described as strong activity and pipeline levels entering the quarter. Energy loans grew 1.6%. Commercial real estate loans were up marginally from the prior quarter and 6.6% year over year. Mortgage finance also contributed to loan growth. Outstanding balances were $452 million at quarter-end, up $224 million, with active warehouse facilities totaling $870 million in commitments. Kymes said the business recorded its first month above breakeven during the quarter, less than a year after funding its first loan. During the Q&A portion of the call, Kymes said the company expects mortgage finance to remain a tailwind in the second half of the year, while noting some seasonality in the business. BOK Financial reported nonperforming assets not guaranteed by the U.S. government of $55 million, up $2.8 million from the prior quarter. Nonperforming assets as a percentage of period-end loans and repossessed assets remained consistent with the prior quarter at 20 basis points. Committed criticized assets decreased during the quarter and remained low relative to historical standards, Kymes said. Net charge-offs were $500,000 in the quarter and averaged three basis points over the last 12 months. Kymes said the company saw no charge-off patterns or concentrations raising concerns about particular business lines or geographies. He also said BOK Financial continued to have no exposure to private credit facilities. No provision for credit losses was required for the quarter, consistent with the prior quarter. Management said improvement in economic forecast assumptions was offset by loan growth. The combined allowance for credit losses was $323 million, or 1.19% of outstanding loans. In response to an analyst question, Kymes said the company’s credit metrics were better than at CECL day one, and that, based on current credit conditions, the allowance ratio “could continue to fall.” Scott Grauer, Executive Vice President of Wealth Management, said fee income remained a solid contributor to revenue, though total fee income declined $7.8 million sequentially to $202 million. Total trading revenue, including trading-related net interest income, decreased $9.7 million to $25 million. Grauer said results in the fixed-income business were affected by lower customer activity as longer-term rates increased from March through May. He said activity improved in June as market conditions stabilized. “Overall, our activity levels were consistent with broader industry trends, which also saw a decline in MBS trading volumes during the quarter,” Grauer said. Mortgage banking revenue declined $2 million from the prior quarter, which Grauer attributed to elevated long-term rates. Syndication revenue increased $3 million sequentially, supported by strong activity and customer demand, producing a record second quarter for that business. Fiduciary and asset management revenue set a quarterly record, rising $4.5 million from the prior quarter. Grauer said the increase reflected higher trust fees and seasonal tax preparation fees. In the Q&A, he said seasonal tax preparation accounted for roughly one-third of the quarter-over-quarter increase. Assets under management and administration increased $5.7 billion during the quarter to $129.3 billion, driven by higher market valuations and customer expansion. Compared with the same period last year, AUMA rose $11.4 billion, or nearly 10%. Chief Financial Officer Martin Grunst said net interest income increased $9.3 million, while the reported net interest margin expanded by 1 basis point. Excluding trading, core net interest income rose $6.5 million and core margin declined 2 basis points. Grunst said core margin and net interest income benefited from loan and deposit growth and fixed-rate asset repricing. Those positives were offset by a 3-basis-point negative impact related to cash margin posted on behalf of energy derivative customers as oil prices moved higher. He said the impact was temporary and that the majority of the margin had already been returned as energy prices declined. The company recognized a $30.9 million pre-tax gain from the exchange of Visa Class B shares. Grunst said BOK Financial used part of the gain to reposition a small portion of its securities portfolio, realizing $4.6 million of pre-tax losses. He said the move would improve yields on $268 million of reinvested securities. Total expenses increased $7.5 million, driven by an $8.9 million rise in deferred compensation expense that was offset by gains recorded in other gains and losses. Excluding deferred compensation, total expenses declined $1.4 million. Personnel expense fell $6 million, while non-personnel expense rose $4.6 million, largely due to higher business promotion costs. BOK Financial raised its full-year 2026 loan growth guidance and now expects loans to grow more than 10%. Grunst said the first-half loan growth was strong and well-diversified. The company maintained its total revenue guidance of mid-single-digit growth, but now expects to be in the upper portion of that range. Grunst said net interest income is expected to be in the upper half of the company’s $1.42 billion to $1.45 billion range, while fee income is expected to be in the lower half of the $820 million to $845 million range. In the Q&A, management clarified that the Visa gain is included in total revenue guidance but not in fee and commission guidance. Expense growth is still expected to be in the low single digits, likely toward the lower end of that range. The company expects its full-year efficiency ratio to be approximately 62%, or near 63% excluding the Visa gain. Management also said provision expense is expected to be below $20 million for full-year 2026. Kymes said market disruption has created hiring opportunities for the company. BOK Financial added more than 25 teammates during the quarter, including more than 20 in Texas, along with additions in Colorado and Arizona. He said most of the hires were revenue producers and that the quarter’s loan growth was independent of those additions, given the longer sales cycle in C&I lending. “We are entering the second half of the year from a position of strength, with strong business momentum and a solid foundation for continued growth,” Kymes said in closing remarks. BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients. The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "BOK Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.
Investor releaseQuarter not tagged2026-07-21BOK Financial Corporation Q2 2026 Earnings Call Summary
Moby
BOK Financial Corporation Q2 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Delivered record quarterly loan production of $896 million, driven by a disciplined long-term strategy of investing in talent and deepening customer relationships. Capitalized on market disruptions to hire over 25 new teammates, primarily in Texas, to strengthen service capabilities across corporate and small business segments. Attributed 70% of year-over-year loan growth to the C&I portfolio, reflecting strong customer activity and the long-term benefit of previous organizational investments. Achieved record fiduciary and asset management revenue, supported by higher trust fees and a nearly 10% annual increase in Assets Under Management and Administration (AUMA). Maintained exceptional credit quality with net charge-offs of only 3 basis points over the last 12 months, showing no specific patterns of concern across business lines. Reported the first profitable month for the mortgage finance business less than a year after its inception, signaling strong operational momentum. Increased full-year 2026 loan growth guidance to over 10% based on strong first-half momentum and diverse portfolio activity. Expects net interest margin expansion in the second half of 2026, driven by fixed-rate asset repricing and the return of temporary cash margins from energy derivative customers. Anticipates total revenue growth in the upper portion of the mid-single-digit range, assuming no Federal Reserve rate changes and current forward curve alignment. Projects full-year 2026 provision expense to remain below $20 million, given the lack of tangible evidence of broad-based credit normalization. Assumes continued expense discipline with growth in the low single digits, even while accounting for recent significant investments in new revenue-producing talent. Recognized a $30.9 million pretax gain from the exchange of Visa Class B shares, which influenced the full-year efficiency ratio target of approximately 62%. Utilized a portion of the Visa gain to reposition the securities portfolio, realizing $4.6 million in pretax losses to improve future yields on $268 million of reinvested securities. Noted a temporary 3-basis-point negative impact on core margin due to cash margin requirements for energy derivative customers following oil…Read full documentShow less
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Delivered record quarterly loan production of $896 million, driven by a disciplined long-term strategy of investing in talent and deepening customer relationships. Capitalized on market disruptions to hire over 25 new teammates, primarily in Texas, to strengthen service capabilities across corporate and small business segments. Attributed 70% of year-over-year loan growth to the C&I portfolio, reflecting strong customer activity and the long-term benefit of previous organizational investments. Achieved record fiduciary and asset management revenue, supported by higher trust fees and a nearly 10% annual increase in Assets Under Management and Administration (AUMA). Maintained exceptional credit quality with net charge-offs of only 3 basis points over the last 12 months, showing no specific patterns of concern across business lines. Reported the first profitable month for the mortgage finance business less than a year after its inception, signaling strong operational momentum. Increased full-year 2026 loan growth guidance to over 10% based on strong first-half momentum and diverse portfolio activity. Expects net interest margin expansion in the second half of 2026, driven by fixed-rate asset repricing and the return of temporary cash margins from energy derivative customers. Anticipates total revenue growth in the upper portion of the mid-single-digit range, assuming no Federal Reserve rate changes and current forward curve alignment. Projects full-year 2026 provision expense to remain below $20 million, given the lack of tangible evidence of broad-based credit normalization. Assumes continued expense discipline with growth in the low single digits, even while accounting for recent significant investments in new revenue-producing talent. Recognized a $30.9 million pretax gain from the exchange of Visa Class B shares, which influenced the full-year efficiency ratio target of approximately 62%. Utilized a portion of the Visa gain to reposition the securities portfolio, realizing $4.6 million in pretax losses to improve future yields on $268 million of reinvested securities. Noted a temporary 3-basis-point negative impact on core margin due to cash margin requirements for energy derivative customers following oil price increases. Reported an $8.9 million increase in deferred compensation expense, which was entirely offset by corresponding gains in other non-interest income categories. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects margin expansion driven by the return of cash margins from energy customers and the repricing of the securities portfolio. Guidance does not rely on improvements in deposit costs, though the bank's low loan-to-deposit ratio provides flexibility in managing rate-seeking deposits. While current sales pipelines are not as record-breaking as they were entering Q2, they remain stronger than Q1 levels. Growth is expected to be supported by the mortgage finance business and the eventual contribution of newly hired talent, which has a long sales cycle. The Q2 decline was attributed to market dislocation in April and May, particularly affecting mortgage-backed securities trading. Management noted activity improved in June and emphasized that historical dips in this business are typically followed by a bounce back. Management indicated the ACL percentage could continue to fall if credit metrics remain better than CECL day 1 levels and the economy stays stable. Current credit metrics show no signs of broad-based normalization, supporting the decision for zero provision in recent quarters.
Investor releaseQuarter not tagged2026-07-21BOK Financial Q2 Earnings Beat Estimates as NII & Fee Income Rise Y/Y
Zacks
BOK Financial Q2 Earnings Beat Estimates as NII & Fee Income Rise Y/Y
BOK Financial Corporation's BOKF second-quarter 2026 adjusted earnings of $2.59 per share surpassed the Zacks Consensus Estimate of $2.56. The bottom line jumped 18.3% from the prior-year quarter. BOKF’s results benefited from higher net interest income (NII) and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor. Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning the available-for-sale securities portfolio, net income attributable to shareholders (GAAP basis) was $176.5 million compared with $140 million in the prior-year quarter. Quarterly net revenues of $589.4 million (NII and total other operating revenues) rose 10.1% year over year. The top line surpassed the Zacks Consensus Estimate of $559 million. NII was $351.8 million, up 7.2% year over year. The net interest margin expanded 11 basis points to 2.91%. Total fees and commissions were $202 million, up 2.4% year over year. The rise was driven by higher transaction card revenues, fiduciary and asset management revenues, and deposit service charges and fees, partially offset by lower brokerage and trading revenues, mortgage banking revenues, and other revenues. Total other operating expenses were $361.7 million, up 2% year over year. This rise was mainly driven by personnel, business promotion, net occupancy and equipment, FDIC and other insurance, data processing and communications, printing, postage and supplies, mortgage banking costs, and other expenses. The efficiency ratio was 60.21% compared with the prior-year quarter’s 65.42%. A fall in the efficiency ratio indicates a rise in profitability. As of June 30, 2026, total loans were $27.1 billion, up 3.4% from the prior quarter. The increase was driven by growth in commercial loans and loans to individuals, while commercial real estate loans remained relatively stable. Total deposits were $39.9 billion, up 3% sequentially. The rise was due to higher demand, interest-bearing transaction and time deposits, partially offset by a decline in savings deposits. As of June 30, 2026, non-performing assets were $62.7 million or 0.23% of outstanding loans and repossessed assets compared with $81.1 million or 0.33% in the prior-year quarter. The company recorded nil provisions for credit losses, unchanged from the prior-year q…Read full documentShow less
BOK Financial Corporation's BOKF second-quarter 2026 adjusted earnings of $2.59 per share surpassed the Zacks Consensus Estimate of $2.56. The bottom line jumped 18.3% from the prior-year quarter. BOKF’s results benefited from higher net interest income (NII) and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor. Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning the available-for-sale securities portfolio, net income attributable to shareholders (GAAP basis) was $176.5 million compared with $140 million in the prior-year quarter. Quarterly net revenues of $589.4 million (NII and total other operating revenues) rose 10.1% year over year. The top line surpassed the Zacks Consensus Estimate of $559 million. NII was $351.8 million, up 7.2% year over year. The net interest margin expanded 11 basis points to 2.91%. Total fees and commissions were $202 million, up 2.4% year over year. The rise was driven by higher transaction card revenues, fiduciary and asset management revenues, and deposit service charges and fees, partially offset by lower brokerage and trading revenues, mortgage banking revenues, and other revenues. Total other operating expenses were $361.7 million, up 2% year over year. This rise was mainly driven by personnel, business promotion, net occupancy and equipment, FDIC and other insurance, data processing and communications, printing, postage and supplies, mortgage banking costs, and other expenses. The efficiency ratio was 60.21% compared with the prior-year quarter’s 65.42%. A fall in the efficiency ratio indicates a rise in profitability. As of June 30, 2026, total loans were $27.1 billion, up 3.4% from the prior quarter. The increase was driven by growth in commercial loans and loans to individuals, while commercial real estate loans remained relatively stable. Total deposits were $39.9 billion, up 3% sequentially. The rise was due to higher demand, interest-bearing transaction and time deposits, partially offset by a decline in savings deposits. As of June 30, 2026, non-performing assets were $62.7 million or 0.23% of outstanding loans and repossessed assets compared with $81.1 million or 0.33% in the prior-year quarter. The company recorded nil provisions for credit losses, unchanged from the prior-year quarter. The company recorded net charge-offs of $500,000 compared with $561,000 in the year-ago quarter. The allowance for loan losses was 1.02% of outstanding loans as of June 30, 2026, which declined 12 bps from the year-ago quarter. As of June 30, 2026, the common equity Tier 1 capital ratio was 12.89% compared with 13.59% a year earlier. The Tier 1 capital ratio and total capital ratio were 12.90% and 14.67%, respectively, compared with 13.60% and 14.48% as of June 30, 2025. At the end of the second quarter, return on average equity was 11.73%, up from the year-earlier quarter’s 9.70%. Return on average assets was 1.30%, up from 1.07% a year ago. The company repurchased 2,519 shares for $327,000 during the second quarter of 2026 at an average price of $129.89 per share. BOKF’s higher NII, fee income and solid loan balances continue to support its overall performance. The company’s improving profitability ratios and deposit growth are positive. However, rising operating expenses pose a near-term concern. BOK Financial Corporation price-consensus-eps-surprise-chart | BOK Financial Corporation Quote Currently, BOK Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. First Horizon Corporation FHN posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter. FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds. M&T Bank Corporation MTB reported second-quarter net operating earnings per share of $5.35, which beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 in the year-ago quarter. MTB’s results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with loan growth. However, higher expenses acted as headwinds. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOK Financial Corporation (BOKF) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
TranscriptFY2026 Q22026-07-21FY2026 Q2 earnings call transcript
Earnings source - 87 paragraphs
FY2026 Q2 earnings call transcript
Greetings. Welcome to BOK Financial Corporation's second quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. As a reminder, this conference is being recorded. I would now like to turn the presentation over to Heather King, Director of Investor Relations for BOK Financial Corporation. Please proceed.
Good afternoon. Thank you for joining our discussion of BOK Financial's second quarter 2026 financial results. Our CEO, Stacy Kymes, will provide opening comments, cover the loan portfolio, and related credit metrics. Scott Grauer, Executive Vice President of Wealth Management, will cover our fee-based results. Our CFO, Martin Grunst, will then discuss financial performance for the quarter as well as our forward guidance. Slide presentation and press release are available on our website at bokf.com. We refer you to the disclaimers on slide two regarding any forward-looking statements made during this call. I will now turn the call over to Stacy Kymes, who will begin on slide four.
Thank you, Heather. We appreciate you joining the call this afternoon. We are pleased to report earnings of $176.5 million, or EPS of $2.92 per diluted share for the second quarter. Adjusted for the net gain related to the exchange of the Visa B shares and a small amount of repositioning in the securities portfolio, earnings were $156.5 million, or $2.59 per share. This was an excellent quarter and one that reflects how we are positioning the franchise for continued growth. We delivered strong results, including record quarterly loan growth, record quarterly fiduciary and asset management revenue, continued expense discipline, with credit remaining outstanding. During the quarter, total loans grew 3.4% sequentially, or 13.7% on an annualized basis. This resulted in a quarterly increase of $896 million, representing record new loan production in a single quarter of the company's history. Year-over-year, loans have grown an impressive 11.5%.
Importantly, nearly 70% of year-over-year growth has been in our C&I portfolio. This reflects both the strength of our customer activity and the benefit of the investments we've made over time. Our fee-based businesses contributed meaningfully with record quarterly revenue in our fiduciary and asset management business. During the last call, we discussed aligning expenses with market opportunities and customer needs. Expenses this quarter remained well controlled, with total operating expenses, excluding deferred compensation, being down slightly. Notably, this was achieved while making significant investments in talent during the quarter. Capital levels remain very strong, with tangible common equity at 9.6% and CET1 at 12.9%. Finally, we've talked over the past year about disruptions in the markets we serve. Periods like this tend to create opportunities for organizations like ours, those that are strong, stable, and focused on long-term growth. Historically, these environments have represented some of our best opportunities.
The current period represents another such opportunity. We've added more than 25 new teammates as a result of the disruption across our markets. More than 20 of those additions were in Texas, a market where we've been deeply involved for decades. We also saw success hiring in our Colorado and Arizona markets. This talent acquisition strengthens our ability to serve customers across the spectrum, from large corporate relationships to small business. Importantly, the loan activity this quarter was independent of these additions. As we've discussed, C&I is a longer sales cycle, and we expect to see the benefits build over time. We're excited to welcome this talent, and we are confident in the role they will play in driving future results. Now I will cover our loan portfolio in more detail starting on slide six.
As I mentioned before, total outstanding loans grew nearly $900 million, or 3.4% this quarter, and we're up 11.5% year-over-year. This growth was wide-based across our business lines and our footprint. Our core C&I loan portfolio, which represents our combined services and general business portfolios, grew 3.9% sequentially and is up 11.1% year-over-year. This level of growth in core C&I loans doesn't happen by accident. Our growth is a result of a disciplined long-term strategy centered on investing in top talent and deepening customer relationships. As we've often said, growth follows relationships. The momentum we're seeing today is a direct reflection of the trust we've earned from our customers. Healthcare loans increased 3.2%. As we indicated last quarter, activity levels and pipeline strength in this segment were exceptionally strong entering the second quarter.
The growth we're reporting today reflects the successful execution of opportunities that have been building for some time. Energy loans grew again this quarter, increasing 1.6%. Mortgage finance also contributed meaningfully to loan growth during the quarter, with current outstanding balances of $452 million, an increase of $224 million. As of quarter end, we had active warehouse facilities of $870 million in commitments. This business continues to build momentum and achieved an important milestone during the quarter by recording its first month above breakeven. Operating at a net profit less than a year after funding our first loan is a notable accomplishment by the team. Our CRE portfolio grew marginally compared to the prior quarter, but is up 6.6% year-over-year. Moving to slide seven, once again, credit quality remains excellent. NPAs not guaranteed by the U.S. government increased $2.8 million-$55 million.
The resulting non-performing assets to period and loans and repossessed assets was consistent with the prior quarter at 20 basis points. Committed criticized assets decreased this quarter, remaining very low relative to historical standards. We had net charge-offs of just $500,000 during the quarter, averaging 3 basis points over the last 12 months. Once again, the limited charge-offs we've seen show no patterns or concentrations that raise concerns around specific business lines or geographies, and we continue to have no exposure to private credit facilities. In the long term, we expect credit metrics to normalize. However, we expect net charge-offs to remain below historical averages in the near term. Consistent with the prior quarter, no provision was required. Improvement in economic forecast assumptions were offset by the impact of loan growth. Our combined allowance for credit losses is a healthy $323 million, or 1.19% of outstanding loans.
Overall credit performance this quarter remains very strong. With that, I'll turn the call over to Scott.
Thank you, Stacy. Turning to our operating results for the quarter on slides nine and 10. Fee income was a solid contributor to total revenue again this quarter. While total fee income was lower than the prior quarter, results remained healthy and reflected the strength and diversity of our fee-based businesses. Total fee income was $202 million, declining $7.8 million sequentially. Total trading revenue, which includes trading-related net interest income, decreased $9.7 million to $25 million. As a reminder, we saw some mix shift from trading fee income into trading net interest income during the quarter as the yield curve steepened. From an activity standpoint, results in our fixed income business were impacted by lower customer activity, particularly as longer-term rates increased from March through May. As market conditions began to stabilize, activity improved, we saw better trading performance in June.
Overall, our activity levels were consistent with broader industry trends, which also saw a decline in MBS trading volumes during the quarter. Elevated long-term rates are also affecting our mortgage banking business, with revenue down $2 million compared to the prior quarter. Syndication revenue grew $3 million sequentially, supported by robust activity and continued customer demand, resulting in a record second quarter for the business. Turning to slide 10 to discuss our asset management and transactions businesses. As you can see, these businesses continue to serve as consistent fee generators, delivering steady, long-term growth and diversification to our revenue base. The biggest standout this quarter was fiduciary and asset management revenue, which delivered record-setting quarterly results, growing 4.5 million over the prior quarter. This reflects higher trust fees along with seasonal tax preparation fees.
AUMA grew $5.7 billion during the quarter to $129.3 billion, led by increased market valuations and continued customer expansion. Looking at annual growth, which is not affected by seasonality, AUMA increased $11.4 billion compared to the same period last year, representing an annual growth rate of nearly 10% and highlighting the strength of customer activity. Overall, our fee-based businesses continue to demonstrate the value of diversity. While individual categories may fluctuate from quarter to quarter, the underlying franchise remains strong and capable of generating consistent long-term growth. With that, I'll hand the call over to Marty to cover the financials.
Thank you, Scott. Turning to slide 12, net interest income increased $9.3 million and reported net interest margin grew 1 basis point. Excluding trading, core net interest income increased $6.5 million and core margin decreased 2 basis points. Core margin and NII benefited from loan and deposit growth as well as fixed-rate asset repricing. However, the offset was a 3 basis point negative impact related to cash margin we posted on behalf of our energy derivative customers as oil prices moved higher. This impact is temporary in nature. As energy prices have declined, the majority of that margin has already been returned. This item is, of course, market sensitive. During the quarter, we recognized a pre-tax gain of $30.9 million on the exchange of our Visa Class B shares. We used a portion of this gain to reposition a small amount of the securities portfolio, realizing $4.6 million of pre-tax losses.
This will improve yields on the $268 million of reinvested securities going forward. Turning to slide 13, total expenses increased $7.5 million during the quarter. The increase was driven by an $8.9 million rise in deferred compensation expense, which was offset by gains recorded in other gains and losses. Excluding deferred compensation, total expenses declined $1.4 million, reflecting a $6 million decrease in personnel expense, partially offset by a $4.6 million increase in non-personnel expense. The decline in personnel expense was primarily driven by lower cash-based incentive compensation, reflecting reduced trading activity, as well as seasonally lower employee benefits costs. The increase in non-personnel expense was largely attributable to higher business promotion costs. Slide 14 provides our outlook for full year 2026. Similar to last quarter, our guidance assumes no rate changes from the Federal Reserve and longer-term rates aligned with the current forward curve.
Loan growth in the first half of 2026 has been strong and well-diversified across the portfolio. We are increasing our guidance as we now expect full year 2026 loan growth to be over 10%. On total revenue, our guidance of mid-single digit growth is unchanged. However, we now expect to be in the upper portion of that range. As a reminder, with this somewhat steeper rate curve versus a quarter ago, we will see the mix of trading-related revenue shift from fees to net interest income. Consequently, we expect net interest income to be in the upper half of our range of $1.42 billion-$1.45 billion, and we expect fee income to be in the lower half of our range of $820 million-$845 million. On expenses, we continue to anticipate growth in the low single digits and likely toward the lower end of that range.
The Visa gain we recognized in the second quarter will impact the full year efficiency ratio, and we now expect that metric to be approximately 62%. If adjusted for the Visa gain, our guidance for that ratio would be near 63%, unchanged from the prior quarter. Turning to credit, portfolio quality remains very strong. We continue to see very low levels of non-performing assets and no tangible evidence of broad-based normalization at this point. We believe provision expense will be below $20 million for full year 2026. With that, I would like to hand the call back to the operator for Q&A, which will be followed by closing remarks from Stacy.
Thank you. We will now begin the question-and-answer session. If you have dialed in and would like to ask a question, please press star one on your telephone keypad to raise your hand and enter the queue. If you would like to withdraw your question, simply press star one again. If you are called upon to ask your question and are listening via loudspeaker on your device, please pick up your handset and ensure that your phone is not on mute when asking your question. Your first question comes from the line of David Chiaverini with Jefferies. Your line is now open.
Hi, thanks for taking the question. To start on the net interest margin, up a basis point here in the second quarter, how should we think about the go forward on the NIM?
Yeah. Thanks for the question, David. We're happy with the basically stable margin in the quarter. We see drivers to see some margin expansion for the back half of the year. Kind of the typical drivers that have been longstanding positives, securities portfolio, fixed rate asset repricing for both securities and fixed rate loans. That derivative margin piece, that was a -3 basis points going into Q2, we're going to get that back over the next quarter or two. A lot of that margin's been returned to us already. Those are high confidence items. Typically we have DDA grow in the back half of the year as well. There's some pretty good support to see margin expansion back half of 2026.
Great. Related to that, deposit pricing is a hot topic this quarter. Can you talk about the competitive environment and where deposit costs could trend going forward?
Deposits are always competitive. There's really never a situation where deposits aren't highly competitive. They are today. They have been previously. I would note that the bear market pressure is probably rising there rather than falling. Within our market, we're really not seeing anything irrational. There are some areas that have irrational, but we're not seeing irrational in our markets. Just as we think about deposit pricing and the guidance, we're not relying on any improvements in that rate. We'll seek it to get improvements in that cost of funds, but we're not relying on improvements there to drive our guidance.
Just a reminder, we still have a, relative to others, low loan deposit ratio, so that gives us a lot of flexibility in managing rate-seeking deposits.
Very helpful. Thank you.
Next question comes from the line of Peter Winter with D.A. Davidson. Your line is now open.
Thanks. Good afternoon. Just on loan growth, if I think about loan growth for the industry, it's been coming in better than expected, but a lot of the banks that are giving updated guidance, it does assume growth to moderate the second half of the year. When I look at your updated guidance with period end loans over 10% and pipelines consistent with the first half of the year, it doesn't seem like you're expecting a slowdown in the second half of the year.
This is Stacy. I think, look, we grew loans 11.5% year-over-year, very diverse with not a big contribution from real estate and in energy, two big drivers for us historically. They're hard to forecast, so it's hard to know exactly what those numbers are in the last half of the year. We still have a lot of tailwind to come from mortgage finance. I think that's going to help us out. There's some seasonality there that could make some of that a little bit lumpy, but if you look straight through to the end of the fourth quarter, I think you've got really positive tailwind there. We're comfortable with the guidance that we've provided based on some things that are intrinsic to us.
If I look at sales pipelines, frankly, at this point, they're not as strong as they were heading into the second quarter, but they're stronger than they were heading into the first quarter. Obviously, we had a record second quarter loan production. The pipelines remain very strong and we remain very confident in our ability to grow. Even absent the talent acquisitions we've done, which should only add to that in some future period.
Got it. Very helpful. On credit, what can you say? It's been excellent. You've got pure leading low net charge-offs consistently, and rightly so you've taken a zero provision six out of the seven quarters. The ACL ratio at 119, it has reached the CECL day one level. If we assume a stable economy, stable credit trends, would you let the ACL ratio continue to fall?
Peter, this is Stacy. Look, our credit metrics are better than CECL day one. If you look at criticized levels and classified levels, non-performing levels and things like that. Given what we know about credit today, the percentage could continue to fall.
Okay. Just one quick housekeeping. Does the fee income outlook include the $31 million Visa gain and thus the total revenue comment likely coming in at the upper end of mid-single-digit range? Does that include the $31 million?
Yeah. Peter, in for the total revenue guide, that does include both that gain and there was another gain last year. Both in the 2025 number and the 2026 number, we both have those in there. That's correct.
Okay. Thanks, Marty.
Your next question comes from the line of Jon Arfstrom with RBC. Your line is now open.
Okay, thanks. Good afternoon.
Hey, Jon.
Hey. Scott, maybe a question for you. There's been maybe some hand-wringing over the trading fees this quarter. How unusual is that environment in your mind, and can you help us a little bit with what June and maybe July look like? Does the business in aggregate total trading revenue kind of trend back to that mid-30s type level?
Yeah, sure. Good question. As I commented, really where we got off to a solid start quarter one, we saw in March, and mostly in April and May, we saw significant dislocation. As I mentioned, we saw an improvement in June. Really the key contributors there, when you think about our trading activity, it's nearly 100% fixed income. It's mortgage-backed securities, munis, corporates, and treasuries in that order, with mortgage-backed securities being at the dominant chunk of that. As the dislocation and uncertainty has occurred in the markets, that's what causes the challenges there with that segment. We did see an improvement in June versus the previous two months.
Okay. Maybe potentially back to normal or an improvement from what you saw earlier in the quarter, certainly. Okay. Yep.
Jon, I'd just add, we've been in the fixed income trading business for decades. Every once in a while you get one of these dips and they're inevitably followed by a bounce back. It's a solid customer base that we've got a long history with.
Yep. Okay, good. On the expense outlook, I see the guidance. It looks good. Marty, can you maybe talk a little bit about where you're finding opportunities to hold the line on expenses, and then maybe touch a little bit on the hiring that you're doing if there's more to come, and kind of the profile of what you're looking for and who you're hiring? Thanks.
I'd just say on expenses, let me give you a little bit of color on the expenses and talk a little bit about deferred comp and then kind of get back to that question. As a reminder, there's two components in deferred comp, and they're inextricably linked because they come from the same source. There's actually assets specifically invested for deferred compensation. Those investments are marked to market every quarter, and that gain or loss shows up in the other gains and losses item that we call out on slide 13 in the footnote, $8.8 million in gain two. By definition, those must net effectively to zero or something close to zero each quarter.
To get an accurate understanding of the core run rate of the company, you've got to adjust for both those impact or neither of them, which I appreciate the fact that, Jon, you did this quarter. To understand the core trends in NIE, sorry for that long preamble, you need to understand that context as well. Personnel expense was down excluding deferred comp by $6 million. Two drivers there, though. With trading revenue down, trading commissions were commensurately down, and then a seasonal decline in payroll taxes is the other piece that explains that $6 million decline quarter-over-quarter. Basically, kind of the base regular compensation was really steady quarter-over-quarter.
As you start from that starting place when you look over the next couple of quarters, you will see some expense increase within the personal line items, just due to the ads. Importantly, that's contemplated in the expense guidance that we provided.
Okay. Stacy, this is middle market commercial lenders, that's who you're after?
Yeah. We've hired kind of a range from commercial to corporate, to small business. Substantially all revenue producers, not exclusively, but substantially all are revenue producers. Obviously, the disruption in our key markets has created an opportunity and it's a playbook we've used many times in the past and we've got a great brand and excited to welcome new teammates to help us grow the company.
Okay. Thank you.
Next question comes from the line of Matt Olney with Stephens. Your line is now open.
Hey, good afternoon. Thanks for taking the questions. Given the Visa share sale, just looking for updated thoughts around capital and capital deployment. Thanks.
Thanks for the question. Capital, we've got a strong capital position and that just makes a little bit stronger. We are well aware of that. That's an opportunity for us to be very thoughtful about on how we deploy capital. As you know, we're always very opportunistic about how we do that. We're always thinking about what's the best long-term action to take and when to take it, and at the end of the day, we're willing to be patient to find that.
Appreciate that, Marty. I guess, Marty, on your puts and takes around the margin outlook, I think you mentioned getting back the 3 basis points back from that cash margin of the hedging activity from the energy customers. Any more color on that dynamic, what happened in 2Q, and where would I see this more specifically in the financials? Thanks.
Let me just explain that dynamic there, and Marty can explain maybe how that runs through. We hedge on behalf of our customers. We don't take commodity risk. Because we have mortgages on their collateral, we offset the commodity risk with a third party or most predominantly with an exchange. The exchange requires both initial margin and cash margin when the trades move. When commodity prices moved up significantly, customers who had previously hedged, those hedges were underwater, so we had to post cash margin to the exchange. We don't get a return for that dilutes our net interest margin. As those positions season and mature and roll off, or as commodity prices roll back down, we get a return of that margin, which improves our net interest margin in that process.
At 1 point during the quarter, I think we had over $900 million that was posted to the exchange. Much of that has been returned back to us, understand that obviously the conflict remains, and as oil prices move, that number could change over time. Both with time decay and the prices staying at this level, we expect that to return to a more normalized level. It really has with some degree of uncertainty around where will commodity prices go from here.
Yeah. The majority of that has come back as we sit here today already. To your question about how do you see that in the financial statements, you'll see that it's essentially a non-earning asset or a low-earning asset that grows temporarily and then comes back. You see that in the non-earning assets section, and we can walk you through the specific line items later if that's useful.
Okay, perfect. Thanks, guys.
Your next question comes from the line of Michael Rose with Raymond James. Your line is now open.
Hey, good afternoon, guys. Thanks for taking my questions. Just wanted to get an update on the mortgage business, where you guys stand at this point, and if there's any updated kind of thoughts around expectations versus where you're tracking. Thanks.
I think in the last six months or so, I indicated I think our goal is to be at $1 billion in commitments by the end of the year. We're obviously tracking well ahead of that as we ended the second quarter. I'm not going to give any updated goalposts there other than to say we have lots of headroom. Those guys are running awfully fast, and we're seeing lots of opportunity there. We remain very excited about that business. As I mentioned, first month of breakeven was in June, so that's going to be tailwind for us as we go into the latter half of the year. They're going to be a tailwind to us as we close the year for sure. There's some seasonality in that business, just like there is in the mortgage business.
Net, between now and the end of the year, we think that's going to continue to grow.
Very helpful, Stacy. Maybe just one follow-up, going back to deposits. The NIB mixes remain pretty stable here, but I think we all know it's competitive in a lot of your markets. With the updated loan growth guide, there's probably some incremental pressure. You guys do have a lower loan-to-deposit ratio. Just as we think about IB deposit costs as we move forward, just given that competitive dynamic, what do you see as kind of the puts and takes either under a base case with no rate hikes or if we do get one or two? Thanks.
Non-interest bearing or interest-bearing deposit costs is probably going to be closer to stable than it has been in the last couple of quarters in a scenario where you've got no rate hikes or rate cuts either way. In a rate hike scenario, it probably doesn't happen until later in the year if it does, but our deposit beta has been in the upper 60s for the down cycle. It was right about the same place in the upcycle. We would think about that as kind of the starting place for how you think about deposit costs. However, when you go from cutting to flat and then to increasing, you're probably going to be able to beat that just based on any time that direction changes. That gives the industry the ability to do a little bit of lags here and there.
We'd probably beat that is how we think about it.
Okay, great. Thanks for taking my questions.
Your next question comes from the line of Woody Lay with KBW. Your line is now open.
Hey, thanks for taking my question. Just have one quick follow-up question related to the Visa gain and how it relates to the guidance. You said that's included in the revenue, is that also included in the fee guidance? Because when I look at last year's 801, that looks like an operating number. Just want to make sure I'm looking at things apples to apples.
That's right. It's not in the fee number. Yeah, thanks for that follow-up. I should have said that earlier. Yeah, that's not in the fees and commissions guidance. Correct.
Got it. It's included in the total revenue?
That's correct.
Okay. All right. Thank you for that. Then maybe just last for me, I wanted to touch on the fiduciary and asset management revenue. As you noted, there was some impact of seasonal tax prep. I was just curious how much of that bump up was from the seasonal impact just versus strong organic trends.
It was roughly a third of the quarter-over-quarter increase was due to the tax prep, the one time a year.
Got it. All right. That's all for me. Thanks for taking my questions.
Thank you.
Your next question comes from the line of Jared Shaw with Barclays. Your line is now open.
Thanks. I don't know, I guess just for me maybe, where are you seeing the most loan competition, whether it's geographically focused or certain sub-sectors? Are you seeing anything unusual on the competition side?
No, I wouldn't say we're seeing anything unusual. I think the great part about our footprint is it's growing rapidly. If you think about Texas and Arizona and Colorado, even our home state of Oklahoma is growing at a great pace. When that's happening, everybody gets a part of the pie. It's easier to be a part of a growing pie than it is to be part of a stable or shrinking pie. What I would say is from my perspective, we're seeing lots of opportunities for loan growth. I've never seen a more resilient kind of American business enterprise in the face of so much economic volatility really moving forward with their businesses. That's obviously creating opportunity for us. I think structurally, I think I'm really impressed with this stage of the cycle, how strong competitively structures are hanging in there.
I think pricing continues to grind competitively and as you would expect it to in this kind of environment. Lots of lending opportunities as we look forward.
Great. Thank you.
Thank you.
Your next question comes from the line of Brett Rabatin with StoneX Group. Your line is now open.
Hey, good afternoon, everyone. Thanks for the questions. Wanted to ask, I noticed a lot of the loan growth was in Oklahoma. Was there anything unique about that? Was it the domicile just being at the headquarters or anything that drove Oklahoma to be a lot stronger? Obviously, the company's based in Oklahoma, but I thought we'd see a little more broad-based growth from the other geographies this quarter, given the overall strength in loan growth.
Yeah. Sometimes those tables can be a little bit misleading because it's not necessarily where the borrower is, but where the lending activity is headquartered. As we look at that internally, our growth was very broad-based, and that was part of what we were most proud about is both by geography and by lending type, very diverse. Particularly if you look at C&I, what we've been defining for a long time now as core C&I. I think that was up 11% year-over-year. That's really outstanding and really proud of the team here at the bank that's delivering that kind of outcome because as you know, that's the hardest lending to be successful at. Yet it's important to us because it feeds so many of our fee-based businesses. It's really been fun to watch these guys have success.
Okay. I appreciate that, Stacy. Just the other question I had was you mentioned 25 new teammates, 20 in Texas. Do you view this as just a kind of unique opportunity, given some recent disruption, or do you have a pipeline that says you'll be continuing to add folks to the team, or any thoughts on just if this was kind of more of a one-off situation relative to what you might do from here?
Yeah. For us, I would say talent acquisition is almost a line of business for us, just like other vertical line of business. Our way we're going to grow is organic in virtually all of our markets, particularly outside of Oklahoma. We need more boots on the ground. Mark Wade, our market leader in Texas particularly, David, who leads our markets outside of Texas, we have pipelines of talent in all of our markets that we're consistently recruiting. In these periods of disruption, obviously, the receptiveness of our phone call and the opportunity we have to pull people across into our company is enhanced, and we're taking advantage of that. In many cases, the people that are coming across are people that we've been talking to for a very long time.
Just like with the sales process, the recruiting process also is a very long sales cycle. We're open for business for talented folks with or without a budget for it. We like revenue producers. We're going to have to grow with more talent on the ground in all of our key locations, and we don't see that any different. Obviously, the disruption has created a disproportional opportunity in the near term, but talent acquisition is a line of business for us.
Okay. That's great, color. Appreciate it.
That concludes our question-and-answer session. I will now turn the conference back over to Stacy for closing remarks.
To conclude, I'm incredibly proud of the results our team delivered this quarter. The record pace of loan growth, continued strength in our fee-based businesses, and outstanding credit performance reflects the quality of our franchise and dedication of our team. Our consistent performance is rooted in a strong risk management culture. That foundation, combined with a unique geographic footprint, continues to create opportunities to grow faster than peers while maintaining our disciplined approach. We are entering the second half of the year from a position of strength, with strong business momentum and a solid foundation for continued growth. We appreciate your interest in BOK Financial and your willingness to spend time with us this afternoon. Please reach out to Heather King if you have any questions at [email protected].
Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.
Investor releaseQuarter not tagged2026-07-20BOK Financial Q2 Adjusted Earnings, Net Interest Income Rise
MT Newswires
BOK Financial Q2 Adjusted Earnings, Net Interest Income Rise
BOK Financial (BOKF) reported Q2 adjusted net income late Monday of $2.59 per diluted share, up from
Investor releaseQuarter not tagged2026-07-20BOK Financial: Q2 Earnings Snapshot
Associated Press
BOK Financial: Q2 Earnings Snapshot
TULSA, Okla. (AP) — TULSA, Okla. (AP) — BOK Financial Corp. (BOKF) on Monday reported second-quarter net income of $176.5 million. The bank, based in Tulsa, Oklahoma, said it had earnings of $2.92 per share. Earnings, adjusted for non-recurring gains, were $2.59 per share. The Regional banking operator posted revenue of $876.7 million in the period. Its revenue net of interest expense was $589.4 million, surpassing Street forecasts. BOK Financial shares have risen 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $140.47, a climb of 33% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOKF at https://www.zacks.com/ap/BOKF
Investor releaseQuarter not tagged2026-07-20BOK Financial (BOKF) Q2 Earnings and Revenues Top Estimates
Zacks
BOK Financial (BOKF) Q2 Earnings and Revenues Top Estimates
BOK Financial (BOKF) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.17%. A quarter ago, it was expected that this Regional banking operator would post earnings of $2.3 per share when it actually produced earnings of $2.58, delivering a surprise of +12.17%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. BOK Financial, which belongs to the Zacks Banks - Southwest industry, posted revenues of $589.4 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.46%. This compares to year-ago revenues of $535.26 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BOK Financial shares have added about 19.2% since the beginning of the year versus the S&P 500's gain of 8.9%. While BOK Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BOK Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks…Read full documentShow less
BOK Financial (BOKF) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.17%. A quarter ago, it was expected that this Regional banking operator would post earnings of $2.3 per share when it actually produced earnings of $2.58, delivering a surprise of +12.17%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. BOK Financial, which belongs to the Zacks Banks - Southwest industry, posted revenues of $589.4 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.46%. This compares to year-ago revenues of $535.26 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BOK Financial shares have added about 19.2% since the beginning of the year versus the S&P 500's gain of 8.9%. While BOK Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BOK Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.47 on $569.6 million in revenues for the coming quarter and $10.28 on $2.26 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. First Bank (FRBA), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -2.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Bank's revenues are expected to be $37.68 million, up 2.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOK Financial Corporation (BOKF) : Free Stock Analysis Report First Bank (FRBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-20BOK Financial Corporation Announces Second Quarter 2026 Earnings
ACCESS Newswire
BOK Financial Corporation Announces Second Quarter 2026 Earnings
TULSA, OK / ACCESS Newswire / July 20, 2026 / BOK Financial Corporation (NASDAQ:BOKF) today reported operating results for the second quarter ended June 30, 2026. The earnings release can be viewed here: https://investor.bokf.com/Q2-2026-Earnings-Full-Release-PDF. BOK Financial Corporation will host a conference call to review second quarter 2026 financial results at noon central time on Tuesday, July 21, 2026. To access the event by telephone, please dial 1.800.715.9871 toll free, or 1.646.307.1963, conference ID: 6617678. For those unable to join the live presentation, a webcast replay will be available shortly after the live call's conclusion on the company's investor relations website or by dialing 1.800.770.2030 and referencing replay PIN 6617678. A replay of the webcast will also be available for 90 days on the company's investor relations website: https://investor.bokf.com/corporate-profile/default.aspx. About BOK Financial Corporation BOK Financial Corporation is a $53 billion regional financial services company headquartered in Tulsa, Oklahoma with $129 billion in assets under management or administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee, and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com. Contact: Heather KingDirector of Investor Relations214.676.4666 SOURCE: BOK Financial View the original press release on ACCESS Newswire
Investor releaseQuarter not tagged2026-07-19What To Expect From BOK Financial’s (BOKF) Q2 Earnings
StockStory
What To Expect From BOK Financial’s (BOKF) Q2 Earnings
Regional banking company BOK Financial (NASDAQ:BOKF) will be reporting earnings this Monday after market close. Here’s what you need to know. BOK Financial beat analysts’ revenue expectations last quarter, reporting revenues of $556.4 million, up 10.2% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ net interest income estimates. Is BOK Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting BOK Financial’s revenue to grow 7% year on year, a reversal from the 3.6% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. BOK Financial rarely misses Wall Street’s revenue estimates. Looking at BOK Financial’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. M&T Bank delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 2.5%, and Commerce Bancshares reported revenues up 11.9%, topping estimates by 1.8%. M&T Bank traded up 5% following the results while Commerce Bancshares was also up 1.7%. Read our full analysis of M&T Bank’s results here and Commerce Bancshares’s results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 6.3% on average over the last month. BOK Financial is up 6.2% during the same time and is heading into earnings with an average analyst price target of $146.25 (compared to the current share price of $141.15). ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.