BOK Financial Q4 2019 Earnings Report
Key Takeaways
BOK Financial reported net income of $110.4 million, or $1.56 per diluted share, for the fourth quarter of 2019. The results reflect a decrease compared to the previous quarter, driven by lower net interest revenue and fees and commissions revenue.
Net income for the fourth quarter of 2019 was $110.4 million, or $1.56 per diluted share.
Net interest revenue totaled $270.2 million, a decrease of $8.8 million compared to the third quarter of 2019.
Fees and commissions revenue totaled $179.4 million, a decrease of $6.7 million, primarily due to a seasonal decline in mortgage banking revenue.
Operating expense increased $9.5 million to $288.8 million.
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BOK Financial Revenue by Segment
Forward Guidance
BOK Financial expects that their approach to creating and sustaining earnings and growing shareholder value will continue to serve them well in 2020.