BOK Financial Corporation (BOKF) SEC Filings & Earnings Calls

Deposit outflows and funding cost pressure

“Period end deposits decreased $324 million; interest expense on deposits increased 3.2% QoQ.”

Fee income decline from rate environment

“Fees and commissions revenue fell $14M QoQ due to unfavorable rate environment and lower fixed-income trading volumes.”

No new risk signals; presentation contains only historical data.

“No risk factor updates beyond standard disclaimers.”

Trading revenue volatility

“Trading revenue decreased $12.7 million to $6.7 million, primarily due to lower trading volumes resulting from interest rate market volatility during the quarter.” · word for word

Energy sector concentration

“Outstanding energy loan balances totaled $3.1 billion, or 11% of total loans at June 30, 2026.” · word for word

Mortgage banking revenue decline

“Mortgage banking revenue decreased $2.0 million compared to the first quarter of 2026, primarily due to lower refinancing activity.” · word for word

Interest rate sensitivity

“In a flattening yield curve scenario where long-term rates increase by 100 basis points and short-term rates increase by 200 basis points, net interest income would decrease approximately 4.09%, or $61.3 million.” · word for word

Operating expense increased $7.5M to $361.7M, with personnel and non-personnel costs rising

“Operating expense increased $7.5 million to $361.7 million. Personnel expense increased $2.9 million and non-personnel expense increased $4.6 million.” · word for word

Nonperforming assets slightly increased to $63M from $60M, though ratio stable at 0.23%

“Nonperforming assets were $63 million, or 0.23% of outstanding loans and repossessed assets, at June 30, 2026, compared to $60 million, or 0.23%, at March 31, 2026.” · word for word

No new risk signals; presentation contains standard forward-looking statements.

“Standard risk factors in forward-looking statements.”

Deposit outflow risk

“Period end deposits decreased by $758 million to $38.7 billion at March 31, 2026.” · word for word

Net interest margin compression

“Net interest margin was 2.90% for the first quarter of 2026, compared to 2.98% for the prior quarter.” · word for word

Commercial Banking earnings decline

“Commercial Banking contributed $134.8 million to consolidated net income before taxes in the first quarter of 2026, compared to $162.1 million in the fourth quarter of 2025.” · word for word

Credit quality excellent with NPAs declining to 0.23% and net charge-offs minimal at 0.03% annualized.

“Nonperforming assets declined to $60 million, or 0.23% of outstanding loans and repossessed assets, at March 31, 2026, from $75 million, or 0.29%, at December 31, 2025. Net charge-offs for the first quarter were $1.9 million, or 0.03% of average loans on an annualized basis.” · word for word

Key personnel transition in specialized industries banking; potential short-term disruption but internal promotion mitigates risk.

“Scott Andrews promoted to head of specialized industries; Brad Vincent retiring Nov 30, 2026.”

Concentrated Ownership Risk

“George B. Kaiser currently owns approximately 62.50% of the outstanding common stock and plans to vote all of his shares FOR the three proposals.” · word for word

EPS Performance Below Median

“For 2025, BOKF Earnings per Share performance percentile rank was 31.2% based on the 2024 Performance Peer group, resulting in a 37.3% payout.” · word for word

Key executive retirement may cause temporary disruption in specialized industries banking

“Brad Vincent, Executive Vice President – Specialized Industries Banking, has announced plans to retire effective November 30, 2026.” · word for word

Credit risk from economic forecast uncertainty

“The forecast for each relevant economic loss driver and the probability weighting of economic scenarios are overseen by a senior management Economic Forecast Committee which includes members independent of the allowance process. These estimates may differ from future economic conditions.” · word for word

Interest rate risk from asset-sensitive balance sheet

“The result is a balance sheet that would be asset-sensitive which means that assets generally reprice more quickly than liabilities.” · word for word

Mortgage servicing rights fair value volatility

“We expect a $17.8 million decrease in the fair value of our MSR from a 50 basis point parallel rate decrease.” · word for word

Credit risk remains low: NPAs stable at 0.29% of loans; net charge-offs minimal at 0.02% annualized.

“Nonperforming assets remained stable at $75 million, or 0.29% of outstanding loans... Net charge-offs for the fourth quarter were $1.4 million, or 0.02% of average loans” · word for word

Interest rate risk: NIM expansion may reverse if deposit costs rise faster than loan yields; loan growth could slow if rates decline.

“Net interest margin expanded 7 basis points to 2.98%... interest expense decreased $26.3 million due to lower borrowing costs” · word for word

Increased leverage from $400M debt issuance, though subordinated notes qualify as Tier II capital.

“Notes are subordinated and expected to be treated as Tier II regulatory capital.”

Fixed-rate reset feature may lead to higher future interest costs if rates rise.

“Fixed-Rate Reset Subordinated Notes Due 2040.” · word for word

Consumer Banking profitability decline

“Consumer Banking contributed $14.5 million to consolidated net income before taxes for the third quarter of 2025, compared to $24.7 million in the second quarter of 2025.” · word for word

Mortgage banking cost increase

“Mortgage banking costs increased $4.0 million as the prior quarter's expenses were below typical seasonal levels.” · word for word