Welcome to our dedicated page for BOK Financial news (Ticker: BOKF), a resource for investors and traders seeking the latest updates and insights on BOK Financial stock.
BOK Financial Corporation (NASDAQ: BOKF) is a prominent regional financial services company headquartered in Tulsa, Oklahoma, with an impressive $50 billion in assets and $106 billion in assets under management or administration. As the largest financial institution in Oklahoma, BOK Financial offers a comprehensive range of nationally competitive financial products and services through its key operating segments: commercial banking, consumer banking, and wealth management.
BOK Financial Corp's commercial banking segment, which generates the majority of its revenue, provides services such as lending, treasury and cash management, and customer risk management to a diverse clientele, including small businesses, middle-market firms, and large commercial customers. The consumer banking segment caters to individual customers with services including loans, deposits, mortgage banking, and electronic funds transfers. Wealth management offers fiduciary and insurance services, investment management, and financial planning, ensuring a holistic approach to managing client assets.
With a strong geographic footprint, BOK Financial operates under various regional brands like Bank of Oklahoma, Bank of Texas, and Bank of Albuquerque, serving clients across eight states: Arizona, Arkansas, Colorado, Kansas, Missouri, New Mexico, Oklahoma, and Texas. Limited purpose offices are also maintained in Nebraska, Wisconsin, Connecticut, and Tennessee.
The company has shown significant resilience and growth, marked by key achievements such as its recent expansion into Memphis, Tennessee, and San Antonio, Texas, and the sale of its risk management and employee benefits insurance brokerage to USI Insurance Services. These strategic moves not only enhance its service capabilities but also align with its disciplined growth strategy.
BOK Financial's commitment to community investment is reflected in its Outstanding rating for the Community Reinvestment Act (CRA) by the Office of the Comptroller of the Currency (OCC). This rating highlights the company's dedication to improving the financial well-being of low- and moderate-income communities.
Despite industry challenges, BOK Financial continues to demonstrate robust financial performance. For the first quarter of 2024, the company posted a net income of $83.7 million or $1.29 per diluted share. The net interest revenue stood at $293.6 million, and the company saw period-end loans grow to $24.2 billion. These results underline the company's strategic focus on sustainable growth and disciplined risk management.
With a diversified revenue model and a strong emphasis on risk management and community investment, BOK Financial Corporation remains a solid player in the financial services industry, providing value to both its shareholders and the communities it serves.
BOK Financial (NASDAQ:BOKF) has announced its third quarter 2024 earnings. The company will host a conference call to review the financial results on Tuesday, October 22, 2024, at noon central time. Interested parties can access the event by dialing 1.800.715.9871 (toll-free) or 1.646.307.1963, using conference ID: 6617678.
For those unable to attend the live presentation, a webcast replay will be available shortly after the call's conclusion on the company's investor relations website. Alternatively, a replay can be accessed by dialing 1.800.770.2030 and referencing replay PIN 6617678. The webcast replay will remain available on the investor relations website for 90 days.
BOK Financial (NASDAQ:BOKF) has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Tuesday, October 22, 2024, at noon central time. During this conference call, the company will review its financial results for the third quarter of 2024. Additionally, the call may include discussions about recent company developments and forward-looking statements.
This announcement serves as a notice to investors, analysts, and other interested parties who wish to participate in or listen to the earnings call. It's an opportunity for stakeholders to gain insights into BOK Financial's performance and potentially its future outlook.
BOK Financial has promoted David Stratton to the role of executive vice president, regional banking executive, effective April 1, 2024. Stratton, who joined the company in 2018, will oversee BOK Financial's markets in Tulsa, Oklahoma City, Denver, Phoenix, Albuquerque, and Kansas City, as well as Treasury Management across the company's eight-state footprint. He succeeds Marc Maun, who will retire on March 31, 2025.
Stratton brings over two decades of banking experience to the role, having previously served as managing director and Oklahoma Region Head for JP Morgan Chase. He holds a bachelor's degree in business administration from the University of Oklahoma and an MBA from the University of Tulsa, along with a Chartered Financial Analyst Designation.
BOK Financial (NASDAQ:BOKF) has announced its second quarter 2024 earnings results. The company will host a conference call on Tuesday, July 23, 2024, at noon central time to review the financial results. Interested parties can access the call by dialing 1.800.715.9871 (toll-free) or 1.646.307.1963, using the conference ID: 5365153. A live internet broadcast of the call will also be available.
For those unable to join the live presentation, a webcast replay will be accessible shortly after the call's conclusion on the company's investor relations website. Additionally, a replay can be accessed by dialing 1.800.770.2030 and referencing replay PIN 5365153. The webcast replay will remain available on the investor relations website for 90 days.
BOK Financial (NASDAQ:BOKF) has scheduled its second quarter 2024 earnings conference call for July 23, 2024, at noon central time. The call will review the financial results for the quarter and may cover other company developments.
Bill McCoy brings 40+ years of experience to his new role as Fort Worth market CEO for Bank of Texas, effective May 10. McCoy, previously the senior VP of corporate banking at Bank of Texas, aims to drive revenue growth, talent acquisition, employee engagement, and community involvement. CEO Mark Wade believes McCoy will continue the market's positive momentum.
Wendell Franklin, the former Tulsa Police Department Chief, will become the new Director of Corporate Security at BOK Financial starting September 1, leveraging his 26 years of law enforcement experience. He will be responsible for overseeing safety and security initiatives, developing strategies, managing emergencies, and ensuring legal compliance. Franklin's appointment is expected to enhance the company's security measures and strengthen ties with law enforcement agencies.
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