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Mar 31, 2021
BOK Financial Q1 2021 Earnings Report
Reported quarterly earnings of $146 million or $2.10 per share in the first quarter.
Key Takeaways
BOK Financial Corporation reported a net income of $146.1 million, or $2.10 per diluted share, for the first quarter of 2021. The results were driven by exceptional credit outcomes and improving economic metrics, which led to a $25 million release in reserves. However, loan growth remains challenged industry-wide, and net interest revenue decreased by $16.8 million compared to the previous quarter.
Net income was $146.1 million or $2.10 per diluted share.
Released $25 million in reserves due to exceptional credit outcomes and improving economic metrics.
Net interest revenue totaled $280.4 million, a decrease of $16.8 million.
Fees and commissions revenue totaled $162.2 million, a decrease of $18.9 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
While loan growth remains challenged industry-wide, BOK Financial Corporation remains focused on the long-term and sees a clear path to growing loans this year with the economic recovery underway. The company is closely monitoring expense levels, striving for balance between expense reductions and containment while keeping long term investments in people and technology a top priority.
Positive Outlook
- Exceptional credit outcomes.
- Improving economic metrics.
- Longstanding track record of loan growth outpacing U.S. GDP growth.
- Substantial capital levels.
- Strong competitive position and a favorable footprint.
Challenges Ahead
- Loan growth remains challenged industry-wide.
- Unprecedented liquidity.
- Heightened uncertainty.
- Lower net interest revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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