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Mar 31, 2022
BOK Financial Q1 2022 Earnings Report
BOK Financial reported earnings decrease in the first quarter of 2022 due to market volatility and conflict in Ukraine.
Key Takeaways
BOK Financial Corporation reported a net income of $62.5 million, or $0.91 per diluted share, for the first quarter of 2022. The results were impacted by interest rate volatility and the conflict in Ukraine, which decreased trading revenue and mortgage loan production volumes.
Net income was $62.5 million or $0.91 per diluted share.
Net interest revenue totaled $268.4 million, a decrease of $8.7 million.
Fees and commissions revenue decreased $48.7 million to $97.6 million.
Period-end loans increased $469 million to $20.7 billion.
BOK Financial
BOK Financial
BOK Financial Revenue by Segment
BOK Financial Revenue by Geographic Location
Revenue by Segment
Commercial Banking Revenue
CapyFin.comConsumer Banking Revenue
CapyFin.comWealth Management Revenue
CapyFin.comRevenue by Geographic Location
Texas Revenue
CapyFin.comOklahoma Revenue
CapyFin.comColorado Revenue
CapyFin.comArizona Revenue
CapyFin.comKansas & Missouri Revenue
CapyFin.comNew Mexico Revenue
CapyFin.comArkansas Revenue
CapyFin.com Forward Guidance
BOK Financial expects to benefit from rising interest rates and is well-positioned should credit markets weaken, though there are no signs of that currently.
Positive Outlook
- Strong momentum growing loan portfolio.
- Balance sheet positioned to benefit from rising interest rates.
- Expanding margins and revenue expected if Federal Reserve hikes rates aggressively.
- Credit quality remains a differentiator.
- Well-positioned should credit markets weaken.
Challenges Ahead
- Overall results did not meet expectations due to market volatility.
- Markets experienced extraordinary interest rate volatility.
- Markets had to digest high levels of inflation.
- Changing sentiment around the magnitude of interest rate hikes.
- Geopolitical conflict in Europe impacted several market segments.