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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.
The company expects continued growth in commercial real estate balances as loans fund, primarily in the multifamily and industrial loan portfolios.