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Mar 31, 2023
BOK Financial Q1 2023 Earnings Report
BOK Financial reported strong financial results due to diverse business model, strong operating geographies, and disciplined approach to risk management.
Key Takeaways
BOK Financial Corporation reported a net income of $162.4 million, or $2.43 per diluted share, for the first quarter of 2023. The company's performance was driven by sustained revenue in non-interest income businesses, continued loan growth, and an efficiency ratio below 57 percent.
Net income was $162.4 million or $2.43 per diluted share.
Net interest revenue totaled $352.3 million, consistent with the prior quarter.
Fees and commissions revenue was $186.0 million, a decrease of $7.6 million.
Period-end loans increased $193 million to $22.8 billion.
BOK Financial
BOK Financial
BOK Financial Revenue by Segment
BOK Financial Revenue by Geographic Location
Forward Guidance
The company expects continued growth in commercial real estate balances as loans fund, primarily in the multifamily and industrial loan portfolios.