BOK Financial reports Q1 net income $162M ($2.43 EPS); margin compresses on deposit repricing

BOK FINANCIAL CORP

2023-Q1 EPS reported $2.43

Net income of $162.4M, diluted EPS $2.43; pre-provision net revenue was second highest in history.
Net interest revenue $352.3M, margin 3.45% (down 9 bps) as funding costs rose; average loans up $500M.
Period-end deposits fell $1.9B to $32.6B; loan-to-deposit ratio increased to 70% from 65%.
Provision for credit losses $16.0M, driven by less favorable WTI oil price and CRE vacancy assumptions.
Tangible common equity ratio improved to 8.46% (7.63% Dec 2022); CET1 ratio 12.19%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BOK FINANCIAL CORP reported the three months ended March 31, 2023 results: net income $162.4 million or $2.43 per diluted share, EPS $2.43 per diluted share.

Period: the three months ended March 31, 2023
Net income: $162.4 million or $2.43 per diluted share
EPS: $2.43 per diluted share
Result: reported results

Exact text from the filing

Net income was $162.4 million or $2.43 per diluted share for the first quarter of 2023

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BOK FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000875357-23-000021

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