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Dec 31, 2022
BOK Financial Q4 2022 Earnings Report
Reported annual earnings of $520 million or $7.68 per share and quarterly earnings of $168 million or $2.51 per share.
Key Takeaways
BOK Financial Corporation reported strong fourth-quarter results, building on the earnings momentum developed throughout 2022. The quarter saw the highest pre-provision net revenue in the company's history, driven by loan growth, net interest margin expansion, strong capital levels, and balance sheet liquidity. Asset quality remained very strong, and actions were taken to move toward a more neutral interest rate position.
Net income was $168.4 million or $2.51 per diluted share.
Net interest revenue totaled $352.6 million, an increase of $36.3 million.
Fees and commissions revenue was relatively consistent with the prior quarter at $193.6 million.
Period-end loans increased $767 million to $22.6 billion.
Revenue by Segment
Forward Guidance
BOK Financial is well-positioned as it begins 2023, due to its thoughtful growth, diverse business mix, resilient geographic footprint, and proven credit discipline.
Positive Outlook
- Loan growth
- Net interest margin expansion
- Strong capital levels
- Balance sheet liquidity
- Asset quality remains very strong
Challenges Ahead
- Rising inflation
- Increased market volatility
- Decreased deposit service charges
- Reduced mortgage production volume
- Narrowing margins
Historical Earnings Impact
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Avg. Return Before/After Earnings
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