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Jun 30, 2023

BOK Financial Q2 2023 Earnings Report

BOK Financial reported quarterly earnings, marked by record wealth segment revenues and all-time high core loans, with non-interest revenues constituting almost 40 percent of total revenues.

Key Takeaways

BOK Financial Corporation reported a net income of $151.3 million, or $2.27 per diluted share, for the second quarter of 2023. The results reflect growth in brokerage and trading revenue, driven by higher U.S. government agency mortgage-backed securities and related derivative contracts trading volumes, and an increase in fees and commissions revenue.

Net income was $151.3 million or $2.27 per diluted share.

Net interest revenue totaled $322.3 million.

Fees and commissions revenue was $200.5 million.

Period-end loans grew by $488 million to $23.2 billion.

Total Revenue
$531M
Previous year: $443M
+20.0%
EPS
$2.27
Previous year: $1.96
+15.8%
Efficiency Ratio
58.75%
Leverage Ratio
9.75%
Previous year: 9.12%
+6.9%
Cash and Equivalents
$1.45B
Previous year: $2.04B
-29.0%
Total Assets
$49.2B
Previous year: $45.4B
+8.5%

BOK Financial

BOK Financial

BOK Financial Revenue by Segment

BOK Financial Revenue by Geographic Location

Forward Guidance

The news release contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry and the economy generally.