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BOKF

BOK Financial Corporation

BOKF

BOK Financial Corporation • NASDAQ
$112.62 ▼ -0.81% (-0.92)
Market Cap $7.13 B
52w High $120.16
52w Low $85.08
Dividend Yield 2.34%
P/E 13.41
Volume 131.93K
Outstanding Shares 63.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $210.709M ▼ $15.137M ▼ $140.894M ▲ 66.867% ▲ $2.24 ▲ $121.964M ▼
Q2-2025 $842.814M ▲ $347.792M ▲ $140.018M ▲ 16.613% ▲ $2.19 ▲ $208.098M ▲
Q1-2025 $797.647M ▲ $340.565M ▲ $119.777M ▼ 15.016% ▼ $1.86 ▼ $182.047M ▼
Q4-2024 $758.751M ▼ $257.238M ▼ $136.154M ▼ 17.944% ▲ $2.12 ▼ $202.332M ▲
Q3-2024 $879.443M $331.966M $139.999M 15.919% $2.18 $199.618M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.607B ▲ $50.193B ▼ $44.168B ▼ $6.023B ▲
Q2-2025 $2.407B ▼ $50.998B ▲ $45.105B ▲ $5.891B ▲
Q1-2025 $3.12B ▼ $50.472B ▲ $44.698B ▲ $5.772B ▲
Q4-2024 $14.286B ▼ $49.686B ▼ $44.135B ▼ $5.548B ▼
Q3-2024 $14.492B $50.082B $44.467B $5.612B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $140.871M ▲ $867.847M ▲ $-530.536M ▲ $-270.331M ▼ $66.98M ▲ $867.847M ▲
Q2-2025 $140.07M ▲ $89.397M ▲ $-686.582M ▼ $539.553M ▲ $-57.632M ▼ $60.834M ▲
Q1-2025 $119.771M ▼ $20.259M ▼ $434.73M ▲ $-472.995M ▼ $-18.006M ▲ $20.259M ▼
Q4-2024 $136.154M ▼ $541.006M ▲ $-138.84M ▼ $-443.505M ▲ $-41.339M ▼ $541.006M ▲
Q3-2024 $139.973M $246.683M $780.819M $-627.625M $399.877M $246.683M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Automated service charge and other deposit fee revenue
Automated service charge and other deposit fee revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Brokerage and trading revenue
Brokerage and trading revenue
 $10.00M ▲$10.00M ▲$30.00M ▲$30.00M ▲
Check card fee revenue
Check card fee revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Commercial account service charge revenue
Commercial account service charge revenue
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Corporate card revenue
Corporate card revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Corporate trust revenue
Corporate trust revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Customer hedging revenue
Customer hedging revenue
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Deposit Account
Deposit Account
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Fees and commissions revenue
Fees and commissions revenue
 $130.00M ▲$140.00M ▲$140.00M ▲$150.00M ▲
Fiduciary and Trust
Fiduciary and Trust
 $60.00M ▲$60.00M ▲$60.00M ▲$60.00M ▲
Financial Service Other
Financial Service Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Gain loss on trading
Gain loss on trading
 $0 ▲$0 ▲$10.00M ▲$20.00M ▲
Institutional trust retirement plan services revenue
Institutional trust retirement plan services revenue
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Investment banking revenue
Investment banking revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Investment management services and other
Investment management services and other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Merchant services revenue
Merchant services revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Mortgage Banking
Mortgage Banking
 $0 ▲$0 ▲$20.00M ▲$20.00M ▲
Mortgage production revenue
Mortgage production revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Mortgage servicing revenue
Mortgage servicing revenue
 $0 ▲$0 ▲$20.00M ▲$20.00M ▲
Overdraft fee revenue
Overdraft fee revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Personal trust revenue
Personal trust revenue
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Retail brokerage revenue
Retail brokerage revenue
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Transaction card revenue
Transaction card revenue
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
TransFund EFT network revenue
TransFund EFT network revenue
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement BOK Financial shows steady, conservative performance rather than dramatic growth. Revenue has climbed over the last few years, but profits have not grown at the same pace, which suggests rising costs or a more competitive environment. Core earnings have stayed fairly consistent, indicating a resilient franchise, but margins look a bit thinner than earlier in the period. Overall profitability appears solid and stable, yet not on an obvious upward trajectory after peaking a few years ago.

Balance Sheet

Balance Sheet The balance sheet looks sizeable and fairly steady, with total assets moving within a relatively narrow band over the past five years. Equity has been edging higher, which points to retained earnings and a gradual strengthening of capital. Debt levels have been quite volatile, rising sharply and then pulling back more recently, which is worth monitoring as it affects funding flexibility and risk. Cash balances have moved around as well, which is normal for a bank but underscores that liquidity management is an active area rather than a static strength. Taken together, the balance sheet appears sound but not risk‑free, with funding mix and leverage as key watch points.

Cash Flow

Cash Flow Cash flow is choppy, which is common for banks but still notable. Operating cash flow swung from negative to very strong and then back to modest levels before improving again most recently. Capital spending is low, so free cash flow largely tracks operating cash flow and looks healthy in the latest period. The pattern suggests that BOK Financial can generate solid cash in normal conditions but is exposed to swings driven by lending, deposits, and securities activity. The recent return to strong positive cash generation is a plus, though the historical volatility means investors should treat any single year’s cash flow as noisy rather than a stable baseline.

Competitive Edge

Competitive Edge BOK Financial competes as a scaled regional bank with a differentiated profile. Its strength lies in a diversified business mix, with meaningful fee income from wealth management, payments, and other services helping to smooth out the ups and downs of traditional lending. The bank has deep expertise in niche areas like energy, healthcare, and tribal finance, where it offers specialized solutions and long‑standing relationships that are difficult for generic competitors to replicate. Its reputation for conservative risk management and community engagement further supports loyalty from corporate, institutional, and high‑net‑worth clients. However, it still faces the usual pressures of regional banks: intense competition on pricing, the need to keep up with digital leaders, and sensitivity to economic cycles in its core footprint and sectors.

Innovation and R&D

Innovation and R&D While it does not spend on research in the way a tech company might, BOK Financial is clearly leaning into technology and partnership‑driven innovation. It is modernizing core commercial banking through a cloud‑based lending platform, improving speed, data use, and client transparency. Partnerships in payments and digital onboarding are aimed at offering near‑real‑time transactions and simpler account opening, not only for its own customers but also as white‑label solutions for other institutions. The bank is also updating its wealth management platform and building a newer mortgage finance business targeting nonbank originators, which could open fresh revenue streams. Overall, the approach is pragmatic: leverage fintech partners and targeted internal projects to raise efficiency and client experience, rather than trying to reinvent everything in‑house.

Summary

BOK Financial comes across as a steady, risk‑aware regional bank with niche strengths rather than a high‑growth story. Income and profits are stable, with some pressure on margins but no obvious signs of structural weakness. The balance sheet looks generally solid, with gradually rising capital and more recently reduced debt, though the history of fluctuating leverage and liquidity means funding quality remains a key consideration. Cash flows are lumpy but currently favorable. Competitively, the company benefits from diversification, specialized sector expertise, and strong relationships in areas like energy, healthcare, tribal finance, and wealth management. Its innovation strategy relies on targeted technology partnerships and platform upgrades to stay relevant in digital banking and to open adjacent revenue lines. Future performance will hinge on how well it balances conservative risk management with these growth and modernization efforts in a changing rate and regulatory environment.

NEWS

October 20, 2025 · 4:04 PM UTC

BOK Financial Corporation Announces Third Quarter 2025 Earnings

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October 1, 2025 · 2:05 PM UTC

BOK Financial Corporation Announces Third Quarter 2025 Earnings Conference Call

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