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 has appointed Shannon Habermehl as the new executive director of Commercial Strategies. Her role will focus on overseeing strategic initiatives to drive growth within the commercial division of BOK Financial.
With extensive experience at BOK, including leadership in Commercial Treasury Services, Habermehl is expected to leverage her knowledge and leadership to enhance performance. BOK Financial, based in Tulsa, Oklahoma, manages assets totaling $96 billion and operates across multiple states under the ticker BOKF.
BOK Financial Corporation (NASDAQ: BOKF) will announce its third-quarter financial results on October 26, 2022, before market open. A conference call with investors is scheduled for 9 a.m. CT the same day. The call will include a discussion of the financial results, accessible via telephone or live audio webcast on the company’s investor relations website. BOK Financial, a regional financial services provider with $45 billion in assets, offers a wide range of banking and financial services across multiple states.
BOK Financial has appointed Jeff Reid as the new chief human resource officer, effective immediately. Reid has been with the company since 2004, previously serving in various HR roles, including senior human resources business partner. He will focus on enhancing company culture, compensation, leadership development, and diversity initiatives. BOK Financial, a regional financial services company with $45 billion in assets, aims to strengthen its position as a talent magnet.
BOK Financial has appointed David Jeter as the executive director for its Commercial Banking line, which serves owner-managed businesses and nonprofits generating $5 million to $50 million in revenue. With 18 years at BOK Financial, Jeter brings extensive experience in strategic growth and product development. He aims to enhance banking relationships for businesses facing challenges in the current market, emphasizing the need for tailored banking solutions. BOK Financial, a $45 billion company, operates across eight states, providing diverse financial services and managing $96 billion in assets.
BOK Financial has appointed Derek Martin as chief information officer and Kelley Weil as Consumer banking executive, as part of its leadership changes. Martin, with nearly 30 years at the company, will oversee enterprise operations and IT, while Weil, a strategic leader with seven years at BOK, will manage consumer banking and marketing. Both executives bring extensive experience and innovative perspectives to their new roles. BOK Financial is a regional financial services company with $45 billion in assets and operates banking divisions across eight states.
BOK Financial has announced plans to eliminate non-sufficient funds fees and reduce overdraft fees by the end of 2022. The changes include:
- Elimination of fees for checks or payments that cannot be processed due to insufficient funds.
- Reduction of the maximum overdraft fees charged per day from five to three.
- Increase of the overdraft cushion from $5 to $50, allowing clients to avoid overdraft fees for amounts overdrawn by $50 or less.
These measures aim to enhance financial flexibility for clients and reflect BOK Financial's commitment to supporting personal financial management.
BOK Financial Corporation has appointed Mark Wade as the new CEO of Bank of Texas, effective January 1, 2023. Wade succeeds long-time CEO Norm Bagwell, who will transition to a part-time role after leading the bank for over 15 years. President Stacy Kymes expressed confidence in Wade's leadership, pointing to his extensive experience and contributions since joining BOK Financial in 2001. Wade will oversee growth and strategy in Texas and Arkansas, focusing on commercial banking and finance.
BOK Financial has appointed Chris Schaechtel as the new president of its Arkansas market. He succeeds Jacob Hudson, who moved to another role within the company. Schaechtel brings over 15 years of financial industry experience, having held various positions including corporate relationship manager. His new role encompasses overseeing all business operations in Arkansas, which employs around 75 staff. BOK Financial is a regional financial services provider with over $96 billion in assets, underscoring the importance of strong leadership in maintaining service quality.
On July 27, 2022, BOK Financial reported strong second-quarter earnings, with net income of $132.8 million or $1.96 per diluted share, up from $62.5 million or $0.91 per share in Q1. Loan growth exceeded 10%, with commercial loans increasing by $696 million. Net interest revenue rose to $274 million, bolstered by a net interest margin of 2.76%. The company saw fee revenues rise by $75.7 million, driven by increased brokerage and trading activity, though mortgage banking revenue declined. Operating expenses fell by $4 million, reflecting effective cost management. BOKF's Tier 1 capital ratio stood at 11.63%.
BOK Financial Corporation (NASDAQ: BOKF) will announce its second quarter 2022 financial results on July 27, 2022, before market open. A conference call is scheduled for 9 a.m. Central Time the same day to discuss these results with investors. The call will be accessible via phone and a live audio webcast on the company's investor relations website. BOK Financial manages $101 billion in assets, offering a range of services including commercial and consumer banking and investment services across eight states.
FAQ
What is the current stock price of BOK Financial (BOKF)?
What is the market cap of BOK Financial (BOKF)?
What services does BOK Financial Corporation offer?
Where is BOK Financial Corporation headquartered?
In which states does BOK Financial operate?
What recent expansions has BOK Financial undertaken?
What recent business sale did BOK Financial complete?
What is BOK Financial's CRA rating?
How did BOK Financial perform in the first quarter of 2024?
What are the key business segments of BOK Financial?
What initiatives has BOK Financial undertaken for community investment?
What distinguishes BOK Financial in the financial services industry?
