BOK Financial Q4 2020 Earnings Report
Key Takeaways
BOK Financial Corporation reported annual earnings of $435 million or $6.19 per share and record quarterly earnings of $154 million or $2.21 per share in the fourth quarter. The fourth quarter was the second-consecutive, record earnings quarter for the company, culminating in record annual revenue in wealth management and mortgage businesses.
Net income for the fourth quarter of 2020 was $154.2 million, or $2.21 per diluted share.
Net interest revenue totaled $297.2 million, an increase of $25.5 million, largely due to a $5.1 billion increase in average trading securities.
Fees and commissions revenue totaled $181.1 million, a decrease of $41.8 million.
Operating expense was $300.7 million, consistent with the prior quarter.
BOK Financial
BOK Financial
BOK Financial Revenue by Segment
Forward Guidance
Company expressed confidence for continued success in 2021.