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 Corporation (BOKF) reported strong financial results for Q1 2023, with net income of $162.4 million or $2.43 per diluted share. Net interest revenue remained stable at $352.3 million, while net interest margin decreased to 3.45% due to rising funding costs. Non-interest income saw a slight decline, primarily due to a $10.6 million drop in brokerage and trading revenue amid market volatility. Operating expenses decreased by $12.6 million to $305.8 million. Loans increased to $22.8 billion, driven by commercial real estate growth. BOKF recorded a provision for expected credit losses of $16.0 million amid economic uncertainties. The company's common equity Tier 1 capital ratio improved to 12.19%. Additionally, 447,071 shares were repurchased at an average price of $98.64. BOKF continues to navigate a volatile market while balancing risk management and growth.
BOK Financial Corporation (NASDAQ: BOKF) is set to announce its financial results for the first quarter of 2023 before the market opens on April 26, 2023. A conference call will follow at 9 a.m. CST, allowing investors to discuss these results. The call will be accessible through a toll-free number and webcast, with a replay available shortly afterward.
Headquartered in Tulsa, Oklahoma, BOK Financial Corporation is a sizable regional financial services firm with approximately $48 billion in assets and $100 billion in assets under management. The company operates across eight states, providing a variety of services including commercial and consumer banking, brokerage, investment, and insurance services.
BOK Financial reported a strong fourth quarter in 2022, with net income reaching $168.4 million or $2.51 per diluted share, up from $156.5 million in Q3 2022. The net interest revenue grew by $36.3 million to $352.6 million, driven by a rising net interest margin of 3.54%. Despite a $15 million provision for expected credit losses, the bank achieved a 65% loan-to-deposit ratio, indicating robust liquidity. However, total deposits decreased by $1.9 billion to $34.5 billion, reflecting broader industry trends. The company also repurchased 314,406 shares at an average price of $103.14 per share.
BOK Financial Corporation (NASDAQ: BOKF) will release its fourth quarter 2022 financial results on January 25, 2023, before market opening. A conference call is scheduled for 9 a.m. CT to discuss these results with investors. Interested parties can access the live audio webcast and presentation slides on the company's investor relations website. The company manages approximately $95 billion in assets and operates banking divisions across eight states.
BOK Financial has appointed Carrie Clasen Porter as chief operations and administrative officer for its wealth management division, effective April 1, 2023. She will succeed Mindy Mahaney, who transitions to chief risk officer. Clasen Porter has been with BOK Financial since 2008, recently serving as director of investment management strategic initiatives. With strong skills in investment management and strategic initiatives, her leadership aims to enhance technology and service quality for clients. BOK Financial, based in Tulsa, manages $96 billion in assets.
BOK Financial has announced the retirement of CFO Steven Nell effective March 31, 2023, after 30 years with the company. Marty Grunst, the current Chief Risk Officer, will step into the CFO role. Grunst has over three decades of financial experience, previously serving as treasurer. Mindy Mahaney will become the new Chief Risk Officer, bringing her extensive banking background and leadership experience. BOK Financial, a $44 billion financial services company, operates across multiple states and is publicly traded as BOKF.
BOK Financial and its BOKF Foundation have reached a significant milestone by donating $100 million to nonprofit organizations since the foundation's inception in 2000. The foundation allocates profits each year, contributing an average of $6 million to over 600 nonprofits. Key areas of focus include basic needs, education, and economic development. The company emphasizes community involvement, driven by its core values. Notable projects funded include The Gathering Place and Tulsa Children’s Museum. BOK Financial is a $44 billion regional financial services company based in Tulsa, Oklahoma.
BOK Financial Corporation (BOKF) reported strong third-quarter 2022 results with net income of $156.5 million, up from $132.8 million in the previous quarter. Net interest revenue increased by $42.3 million to $316.3 million, driven by net interest margin growth from rising interest rates. Loan growth reached $499 million, totaling $21.8 billion, while fees and commissions revenue rose by $19.3 million to $192.6 million. However, average deposits declined by $1.5 billion, reflecting industry trends. The company repurchased 548,034 shares at an average price of $91.20.
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