BOK Financial Corporation (BOKF) 10-Year Financial Performance & Capital Metrics

BOKF • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutBOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2021, it operated 2,593 TransFund ATM locations. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.Show more

Net Interest Income $1.21B -4.8%
Total Revenue $3.36B +10.4%
Net Income $524M -1.4%
Return on Equity 9.79% -9.3%
Net Interest Margin 2.44% -4.6%
Efficiency Ratio 37.22% -9.0%
ROA 1.05% -3.2%
Equity / Assets 11.17% +8.2%
Book Value per Share 87.08 +11.1%
Tangible BV/Share 64.65 +13.3%
Debt/Equity 0.80 -53.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.2% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 11.2% equity/assets
✓Share count reduced 2.9% through buybacks
✓Trading near 52-week high
✓Trading at only 1.5x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.78%

5Y9.19%

3Y22.49%

TTM-

Profit (Net Income) CAGR

10Y6%

5Y0.89%

3Y-5.38%

TTM14.22%

EPS CAGR

10Y6.79%

5Y2.98%

3Y-3.11%

TTM15.52%

ROCE

10Y Avg6.31%

5Y Avg7.43%

3Y Avg6.23%

Latest5.52%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	703.35M	747.23M	841.7M	984.87M	1.11B	1.11B	1.12B	1.21B	1.27B	1.21B
NII Growth %	0.06%	0.06%	0.13%	0.17%	0.13%	-0%	0.01%	0.08%	0.05%	-0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	766.83M	829.12M	972.75M	1.23B	1.53B	1.27B	1.18B	1.39B	2.34B	2.64B
Interest Expense	63.47M	81.89M	131.05M	243.56M	419.08M	160.56M	61.9M	180.72M	1.07B	1.43B
Loan Loss Provision	34M	65M	-7M	8M	44M	222.59M	-100M	30M	46M	18M
Non-Interest Income+	619.67M	612.63M	630.8M	572.75M	634.33M	779.56M	649.34M	607.3M	702.63M	725.28M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.39B	1.44B	1.6B	1.8B	2.17B	2.05B	1.83B	2B	3.05B	3.36B
Revenue Growth %	0.05%	0.04%	0.11%	0.12%	0.2%	-0.05%	-0.11%	0.09%	0.52%	0.1%
Non-Interest Expense	857.38M	956.2M	961.23M	984.13M	1.07B	1.1B	1.07B	1.13B	1.25B	1.25B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	431.64M	338.66M	518.28M	565.49M	630.87M	563.86M	796.1M	660.16M	683.25M	666.64M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	-0.22%	0.53%	0.09%	0.12%	-0.11%	0.41%	-0.17%	0.03%	-0.02%
Pretax Income+	431.64M	338.66M	518.28M	565.49M	630.87M	563.86M	796.1M	660.16M	683.25M	666.64M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	139.38M	106.38M	182.59M	119.06M	130.18M	128.79M	179.78M	139.86M	152.12M	143.09M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	288.56M	232.67M	334.64M	445.65M	500.76M	435.03M	618.12M	520.27M	530.75M	523.57M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	-0.19%	0.44%	0.33%	0.12%	-0.13%	0.42%	-0.16%	0.02%	-0.01%
Net Income (Continuing)	292.26M	232.28M	335.69M	446.42M	500.69M	435.07M	616.33M	520.29M	531.13M	523.55M
EPS (Diluted)+	4.21	3.53	5.11	6.69	7.03	6.19	8.95	7.68	8.02	8.14
EPS Growth %	-0%	-0.16%	0.45%	0.31%	0.05%	-0.12%	0.45%	-0.14%	0.04%	0.01%
EPS (Basic)	4.22	3.53	5.11	6.69	7.03	6.19	8.95	7.68	8.02	8.14
Diluted Shares Outstanding	67.69M	65.14M	64.81M	66.66M	70.8M	69.84M	68.59M	67.21M	65.65M	63.74M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	2.64B	2.54B	2.32B	1.14B	1.26B	1.18B	2.84B	1.4B	1.35B	1.43B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	26.7B	27.04B	26.9B	31.41B	34.71B	37.09B	34.65B	37.58B	38.65B	39.04B
Investments Growth %	0.08%	0.01%	-0%	0.17%	0.1%	0.07%	-0.07%	0.08%	0.03%	0.01%
Long-Term Investments	17.65B	18.36B	18.58B	22.56B	23.44B	24.04B	21.49B	26.09B	26.36B	26.19B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	385.46M	448.9M	447.43M	1.05B	1.05B	1.05B	1.04B	1.04B	1.04B	1.04B
Intangible Assets	262.51M	294M	281.52M	394.1M	327.16M	214.61M	254.98M	353.74M	353.86M	384.93M
PP&E (Net)	306.49M	325.85M	317.33M	330.03M	535.52M	551.31M	574.15M	565.17M	622.22M	634.49M
Other Assets	979.27M	1.35B	1.49B	3.15B	3.04B	6.28B	10.61B	6.54B	7.1B	6.86B
Total Current Assets	11.89B	11.99B	11.16B	10.54B	13.78B	14.54B	16.27B	13.2B	14.34B	14.57B
Total Non-Current Assets	19.59B	20.78B	21.11B	27.48B	28.39B	32.13B	33.98B	34.59B	35.48B	35.11B
Total Assets+	31.48B	32.77B	32.27B	38.02B	42.17B	46.67B	50.25B	47.79B	49.82B	49.69B
Asset Growth %	0.08%	0.04%	-0.02%	0.18%	0.11%	0.11%	0.08%	-0.05%	0.04%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	119.58M	146.7M	164.9M	192.83M	259.7M	323.67M	273.04M	296.87M	339M	352.35M
Total Debt+	6.28B	5.72B	5.85B	7.42B	8.62B	3.82B	2.49B	7.14B	8.96B	4.45B
Net Debt	3.63B	3.18B	3.54B	6.28B	7.36B	2.64B	-342.98M	5.74B	7.61B	3.02B
Long-Term Debt	5.06B	4.99B	5.26B	6.38B	4.79B	503.51M	160.56M	4.86B	7.82B	3.14B
Short-Term Debt	1.21B	726.59M	594.91M	1.03B	3.83B	3.32B	2.33B	2.28B	1.13B	1.31B
Other Liabilities	722.88M	853.82M	673.09M	702.16M	805.9M	1.09B	871.53M	1.19B	1.37B	1.14B
Total Current Liabilities	22.42B	23.62B	22.82B	26.49B	31.71B	39.79B	43.85B	37.06B	35.49B	39.85B
Total Non-Current Liabilities	5.79B	5.84B	5.93B	7.09B	5.59B	1.59B	1.03B	6.04B	9.19B	4.28B
Total Liabilities	28.21B	29.47B	28.75B	33.58B	37.31B	41.38B	44.88B	43.1B	44.68B	44.13B
Total Equity+	3.27B	3.31B	3.52B	4.44B	4.86B	5.29B	5.37B	4.69B	5.15B	5.55B
Equity Growth %	-0.02%	0.01%	0.06%	0.26%	0.09%	0.09%	0.01%	-0.13%	0.1%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.07%	0.1%	0.11%	0.11%	0.09%	0.12%	0.1%	0.11%	0.1%
Book Value per Share	48.27	50.75	54.29	66.65	68.70	75.76	78.26	69.74	78.37	87.08
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4K	4K	4K	5K	5K	5K	5K	5K	5K	5K
Additional Paid-in Capital	982.01M	1.01B	1.04B	1.33B	1.35B	1.37B	1.38B	1.39B	1.41B	1.43B
Retained Earnings	2.7B	2.82B	3.05B	3.37B	3.73B	3.97B	4.45B	4.82B	5.21B	5.59B
Accumulated OCI	21.59M	-10.97M	-36.17M	-72.58M	104.92M	335.87M	72.37M	-836.96M	-599.1M	-503.04M
Treasury Stock	-477.17M	-544.05M	-552.85M	-199M	-329.91M	-411.34M	-535.13M	-694.96M	-876.72M	-970.34M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	295.01M	-91.95M	214.93M	-552.01M	-473.68M	-416.26M	-3.69B	5.12B	66.18M	1.43B
Operating CF Growth %	9.05%	-1.31%	3.34%	-3.57%	0.14%	0.12%	-7.87%	2.39%	-0.99%	20.61%
Net Income	292.26M	232.28M	335.69M	446.42M	500.69M	435.07M	616.33M	520.29M	531.13M	523.55M
Depreciation & Amortization	37.92M	47.02M	54.47M	60.84M	95.42M	99.01M	102.47M	107.56M	109.89M	105.31M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	26.19M	88.93M	88.63M	114.97M	27.13M	181.48M	-102.69M	33.35M	168.77M	-242.72M
Working Capital Changes	-72.52M	-470.65M	-287.45M	-1.18B	-1.11B	-1.15B	-4.32B	4.45B	-759.96M	1.02B
Cash from Investing+	-2B	-286.01M	739.56M	-1.81B	-2.32B	-2.46B	2.6B	-4.6B	-1.79B	-477.23M
Purchase of Investments	-3.33B	-2.48B	-2.88B	-2.07B	-5.25B	-4.7B	-4.61B	-4.55B	-2.95B	-3.47B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-18.1M	56.02M	0	-175.75M	0	0	0	0	32.6M	0
Other Investing	-1.72B	-589.48M	-123.78M	-1.55B	-224.96M	-888.95M	2.89B	-2.71B	-1.69B	-224.39M
Cash from Financing+	1.87B	273.36M	-1.17B	1.19B	2.91B	2.8B	2.75B	-1.95B	1.67B	-866.79M
Dividends Paid	-115.28M	-113.45M	-116.04M	-127.19M	-143.5M	-144.44M	-144.1M	-143.8M	-143.4M	-142.98M
Share Repurchases	-222.83M	-54.34M	-3.04M	-53.55M	-129.49M	-80.76M	-122.81M	-159.79M	-181.76M	-93.62M
Stock Issued	6.71M	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	-214.64M	1.13B	-1.04B	71.26M	2.07B	8.11B	4.43B	-6.26B	194.24M	3.9B
Net Change in Cash+	167.76M	-106.1M	-220.44M	-1.17B	115.4M	-78.25M	1.66B	-1.44B	-53.45M	86.44M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	2.48B	2.64B	2.54B	2.32B	1.14B	1.26B	1.18B	2.84B	1.4B	1.35B
Cash at End	2.64B	2.54B	2.32B	1.14B	1.26B	1.18B	2.84B	1.4B	1.35B	1.43B
Interest Paid	66.09M	82.88M	127.51M	243.12M	417.07M	160.29M	68.78M	176.08M	1.04B	1.43B
Income Taxes Paid	101.99M	79.88M	121.7M	92.29M	87.36M	136.18M	135.33M	79.53M	173.92M	100.51M
Free Cash Flow+	295.94M	-91.95M	214.93M	-552.01M	-473.68M	-416.26M	-3.69B	5.12B	66.18M	1.26B
FCF Growth %	9.08%	-1.31%	3.34%	-3.57%	0.14%	0.12%	-7.87%	2.39%	-0.99%	18.02%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.74%	7.08%	9.81%	11.2%	10.76%	8.57%	11.6%	10.35%	10.8%	9.79%
Return on Assets (ROA)	0.95%	0.72%	1.03%	1.27%	1.25%	0.98%	1.28%	1.06%	1.09%	1.05%
Net Interest Margin	2.23%	2.28%	2.61%	2.59%	2.64%	2.38%	2.22%	2.53%	2.55%	2.44%
Efficiency Ratio	61.84%	66.32%	59.94%	54.64%	49.5%	53.77%	58.56%	56.44%	40.9%	37.22%
Equity / Assets	10.38%	10.09%	10.9%	11.69%	11.53%	11.34%	10.68%	9.81%	10.33%	11.17%
Book Value / Share	48.27	50.75	54.29	66.65	68.7	75.76	78.26	69.74	78.37	87.08
NII Growth	5.74%	6.24%	12.64%	17.01%	13%	-0.4%	0.87%	8.35%	5.02%	-4.83%
Dividend Payout	39.95%	48.76%	34.68%	28.54%	28.66%	33.2%	23.31%	27.64%	27.02%	27.31%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Fees and commissions revenue	434.26M	439.06M	413.29M	443.76M	492.23M	504.58M	534.96M
Fees and commissions revenue Growth	-	1.10%	-5.87%	7.37%	10.92%	2.51%	6.02%
Fiduciary and Trust	184.7M	177.03M	167.44M	178.27M	196.33M	207.32M	230.86M
Fiduciary and Trust Growth	-	-4.16%	-5.41%	6.47%	10.13%	5.60%	11.36%
Deposit Account	112.15M	112.48M	96.81M	104.22M	110.64M	108.51M	118.75M
Deposit Account Growth	-	0.30%	-13.94%	7.66%	6.16%	-1.92%	9.43%
Transaction card revenue	84.03M	87.22M	90.18M	96.98M	104.27M	106.86M	108.86M
Transaction card revenue Growth	-	3.80%	3.40%	7.54%	7.51%	2.49%	1.88%
Personal trust revenue	96.84M	81.76M	84.76M	97.58M	99.08M	95.07M	102.69M
Personal trust revenue Growth	-	-15.57%	3.66%	15.13%	1.53%	-4.04%	8.01%
TransFund EFT network revenue	76.22M	77.32M	78.37M	80.13M	84.59M	89.5M	91.12M
TransFund EFT network revenue Growth	-	1.45%	1.35%	2.25%	5.56%	5.80%	1.82%
Institutional trust & retirement plan services revenue	44.4M	44.35M	46.25M	50.77M	50.4M	58.69M	67.17M
Institutional trust & retirement plan services revenue Growth	-	-0.11%	4.29%	9.76%	-0.71%	16.44%	14.45%
Commercial account service charge revenue	47.27M	47.91M	48.42M	54.36M	56.63M	57.71M	66.3M
Commercial account service charge revenue Growth	-	1.34%	1.08%	12.27%	4.17%	1.91%	14.89%
Brokerage and trading revenue	35.03M	43.65M	46.26M	48.69M	51.2M	54.05M	52.82M
Brokerage and trading revenue Growth	-	24.60%	5.97%	5.26%	5.16%	5.57%	-2.28%
Corporate trust revenue	22.29M	24.64M	19.31M	14.8M	23.77M	31.23M	37.52M
Corporate trust revenue Growth	-	10.51%	-21.62%	-23.32%	60.59%	31.35%	20.16%
Investment banking revenue	12.88M	13.65M	17.86M	18.16M	21.92M	27.46M	33.39M
Investment banking revenue Growth	-	5.98%	30.85%	1.68%	20.67%	25.31%	21.58%
Check card fee revenue	21.31M	22.03M	21.36M	23.71M	23.31M	23.46M	23.95M
Check card fee revenue Growth	-	3.40%	-3.06%	11.05%	-1.70%	0.65%	2.07%
Financial Service, Other	-	-	-	-	-	27.84M	23.67M
Financial Service, Other Growth	-	-	-	-	-	-	-14.98%
Investment management services and other	21.17M	26.27M	17.13M	15.12M	23.07M	22.33M	23.47M
Investment management services and other Growth	-	24.10%	-34.82%	-11.70%	52.57%	-3.22%	5.12%
Overdraft fee revenue	36.54M	35.36M	21.89M	21.62M	25.43M	21M	22.35M
Overdraft fee revenue Growth	-	-3.23%	-38.08%	-1.23%	17.59%	-17.39%	6.41%
Retail brokerage revenue	22.15M	16.14M	15.69M	18.76M	16.4M	15.91M	19.43M
Retail brokerage revenue Growth	-	-27.15%	-2.76%	19.58%	-12.57%	-3.02%	22.13%
Merchant services revenue	7.8M	8.79M	9.23M	11.86M	12.43M	9.21M	9.4M
Merchant services revenue Growth	-	12.58%	5.08%	28.48%	4.83%	-25.96%	2.14%
Corporate card revenue	-	1.11M	2.58M	4.99M	7.24M	8.16M	8.34M
Corporate card revenue Growth	-	-	133.27%	93.37%	45.16%	12.62%	2.26%
Automated service charge and other deposit fee revenue	7.04M	7.19M	5.14M	4.52M	5.27M	6.34M	6.14M
Automated service charge and other deposit fee revenue Growth	-	2.20%	-28.59%	-11.99%	16.57%	20.27%	-3.06%
Insurance brokerage revenue	-	13.86M	12.7M	11.77M	12.88M	10.68M	-
Insurance brokerage revenue Growth	-	-	-8.36%	-7.38%	9.47%	-17.08%	-
Gain loss on trading	-	-	-	-	-	-	-
Gain loss on trading Growth	-	-	-	-	-	-	-
Customer hedging revenue	-	-	-	-	-	-	-
Customer hedging revenue Growth	-	-	-	-	-	-	-
Mortgage Banking	-	-	-	-	-	-	-
Mortgage Banking Growth	-	-	-	-	-	-	-
Mortgage production revenue	-	-	-	-	-	-	-
Mortgage production revenue Growth	-	-	-	-	-	-	-
Mortgage servicing revenue	-	-	-	-	-	-	-
Mortgage servicing revenue Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

BOK Financial Corporation (BOKF) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

BOK Financial Corporation (BOKF) grew revenue by 10.4% over the past year. This is steady growth.

Yes, BOK Financial Corporation (BOKF) is profitable, generating $536.8M in net income for fiscal year 2024 (15.6% net margin).

Dividend & Returns

Yes, BOK Financial Corporation (BOKF) pays a dividend with a yield of 1.76%. This makes it attractive for income-focused investors.

BOK Financial Corporation (BOKF) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

Industry Metrics

BOK Financial Corporation (BOKF) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

BOK Financial Corporation (BOKF) has an efficiency ratio of 37.2%. This is excellent, indicating strong cost control.

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